BG GROUP INCREASES VISIBILITY OF THE CORPORATE BUDGET PROCESS WITH COMSHARE® CORPORATE PERFORMANCE MANAGEMENT SOFTWARE
Ann Arbor, Michigan, September 03, 2002 -- Comshare, Incorporated (NASDAQ: CSRE) announced today that BG Group plc has chosen Comshare MPC™ software for corporate performance management (CPM) to deliver group budgeting and forecasting to approximately 70 users in 18 different assets worldwide. The CPM software was selected for its flexibility, financial intelligence, proven track record and implementation success. It replaces an Excel model that had become large and cumbersome and will run on the organization’s existing Oracle database.
Comshare MPC will give greater visibility to the corporate budget process, which will enable BG Group to achieve its goal of formulating a budget in which all parties have ownership.
“BG Group has to be able to react quickly to changing structures and reporting requirements,” said Keith Proffitt, budget coordinator, BG Group. “We needed a flexible solution to consolidate the Group budgets and forecasts more quickly and effectively than our current spreadsheet model. By using Comshare MPC, we will reduce the three and a half month budgeting process, but more importantly, we will be adding value to the process by spending time on analysis instead of on current data validation.”
Comshare MPC’s web architecture is important given the international structure of the business. Because the finance department will maintain Comshare MPC, it needed to be easy to roll out, from the administrator perspective. The software has built-in financial intelligence and the ability to display results in dynamic user views, which make Comshare MPC highly intuitive and easy to use from an end user perspective.
“Increasing numbers of companies are recognizing the limitation of the spreadsheet, as well as the dangers inherent in running a company from a series of disconnected models,” said Brian Hartlen, senior vice president of marketing at Comshare. “Comshare MPC is a centralized solution to such spreadsheet limitations that combines planning, budgeting, financial consolidation, management reporting and analysis in a continuous closed-loop process, thus improving the quality of management information and effectiveness of the management process.”
About BG Group
BG Group plc is a leading international natural gas company with interests across five continents and in some 20 countries worldwide. A FTSE-30 company, its core operations span exploration & production, transmission & distribution, liquefied natural gas and power generation.
About Comshare, Incorporated
Comshare, Incorporated is a leading provider of software that helps companies implement and execute strategy. Comshare’s application for corporate performance management encompasses planning, budgeting, forecasting, financial consolidation, management reporting, and analysis. In business for over 35 years, Comshare is one of the top independent software companies, with Fortune 500 and Financial Times Top 1000 customers around the world. For more information on Comshare, call 1-800-922-7979, send email to email@example.com or visit Comshare's website at www.comshare.com.
CONTACTS: Comshare UK:Nicky Clark/Louise Wells Tel: +44 (0)20 7349 6000 Fax: +44 (0)20 7376 5058 http://www.comshare.com firstname.lastname@example.org Lwells@comshare.com Sandy Ellinger Comshare Corporate Communications 734-769-6194 email@example.com Christina Cameron Weber Shandwick Worldwide 617-520-7109 firstname.lastname@example.org Comshare® is a registered trademark and Comshare MPC™ is a trademark of Comshare, Incorporated. All other trademarks are the property of their respective holders.