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OutlookSoft brings Everest BPM to UK users

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25th Dec 2005
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Connecticut-based business performance management (BPM) software developer OutlookSoft has raised its profile in the UK market with a deal to supply its Web-based Everest suite to the GUS retail group.

Business units including Argos, Experian, Burberry and Lewis Group will roll out the Everest system to allow GUS to consolidate financial and non-financial information at the top level. The implemenation was partly driven by the need for the retail group to product IFRS financial reports next year.

"Regulatory changes and our internal need for improved transparency led the senior management team to review our reporting capabilities in detail. What we lacked was a single and consistent source of financial information about our operations," said Martin Boden, group financial controller at GUS. "With Everest, we're looking forward to a much improved reporting process which meets our IFRS requirements and provides us with more consistent and reliable corporate data."

Based around Microsoft's SQL Server database and Web-based Excel components, Everest is said by the developer to support all the key BPM processes: strategic planning; budgeting; forecasting; consolidation; reporting; analysis, and scorecarding. The suite relies on the extract, transform and load (ETL) facilities within SQL Server's Data Transformation Services module to create a master database for the various analysis and reporting tasks. The tools can draw in accounts information from nominal ledgers as well as operational information and measures from non-accounting systems.

In the recent update of its "magic quadrant" report on the corporate performance management market, industry analyst Gartner ranked OutlookSoft in "visionary" quadrant, based both on the developer's completeness of vision and its "ability to execute".

With the addition of GUS to its customer portfolio, OutlookSoft claims to be gaining momentum among European corporates. Other influential Everest users include BP, Renault and Telecom Italia.

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