SOURCE: Microgen

Microgen

October 25, 2010 04:30 ET

Microgen Releases Its Market-Leading Accounting Hub ("MAH") -- Powered by the Teradata Platform Family

Addition of Teradata Platform Enables Unprecedented Performance Levels and Improved Linkage to Data for Analytics and Performance Management

LONDON and BOSTON, MA--(Marketwire - October 25, 2010) -  Microgen Plc (LSE: MCGN) today introduced its high performance Microgen Accounting Hub ("MAH") for the Teradata Platform Family. Market leading in terms of both its performance and inherent functionality, MAH is currently deployed in a number of global banks and digital media organizations around the world. MAH enables organizations to significantly improve accuracy and financial transparency between underlying transactions and the general ledger.

By leveraging MAH with Teradata's data warehouse capabilities, organizations will be able to easily drill down from general ledger balances into the MAH detailed transaction-based ledger and linked transaction details. Underpinned by a common data and analytic environment, for product and customer profitability, risk, liquidity and regulatory reporting, the MAH and Teradata solution greatly improves transparency and enables better performance management. 

Financial statement accuracy and transparency is a board level imperative for all businesses. For businesses with high transaction volumes, establishing an accurate and transparent link between the millions of underlying daily transactions and their associated transaction level profit and loss and balance sheets to aggregate general ledger postings can be daunting. This challenge is further complicated by multiple reporting treatments across geographies and evolving accounting treatments including IFRS. The combined MAH and Teradata solution delivers the speed, transparency and scalability to help high-transaction businesses to cost effectively overcome these challenges.

"Teradata's clients rely on our technology to establish a common analytical platform for both financial and operational metrics," said Jeff Lovett, Vice President -- Finance and Performance Management Solutions, Teradata. "By integrating Microgen's expertise in handling complex accounting and royalty calculations with Teradata's expertise in data warehousing and analytics, we jointly provide clients with a single platform that ensures transparency and analytic flexibility from source to report. We can improve our clients' ability to efficiently manage their businesses and adjust to constantly evolving IFRS and other regulatory reporting requirements. The Microgen alliance builds upon Teradata's successful record of helping companies with financial data management and analytic challenges."

Based on Microgen Aptitude, Microgen's high-performance Business Process Platform, MAH has been designed for exceptional performance and rapid time-to-implementation. A key differentiator of MAH , which enables the fast deployment, is the unparalleled level of pre-developed functionality available to quickly address the accounting requirements of the vast majority of traded financial instruments, digital media and telecommunications services and products. The combination of Microgen Aptitude and Teradata enables MAH to provide peak performance and to deliver the agility that is only possible with rules engine-based technologies.

"The delivery of the Microgen Accounting Hub on the Teradata platform sets a new benchmark in the delivery of financially accurate information to organizations with very high transaction volumes, such as retail banks and telecom companies," said Tom Crawford, Senior Vice President and Manager of North American operations for Microgen. "MAH on Teradata raises the bar for enterprise technology platforms, supporting accurate, fast and more transparent front and back office accounting."

About Microgen

Founded in 1974 and listed on the LSE (MCGN) since 1983, Microgen is an established leader in the delivery of software, solutions and consultancy services. The Group implements custom applications and product software solutions for the world's largest financial institutions, multi-national corporations and public sector organizations.

The Group's portfolio of proven products and solutions, many of which are based on its proprietary Microgen Aptitude technology, enables the intelligent application of technology in a range of sectors including financial services, digital media, energy, asset & wealth management, commercial and transport & logistics.

The Group has offices in Fleet and London in the UK, and international offices in the United States, South Africa, Poland, and Guernsey. For more information, please visit www.microgen.com.

About Microgen Aptitude
The Microgen Accounting Hub is developed using Aptitude Version 3.0, Microgen's flagship Business Process Platform that delivers full Business Process Management capability in a very high transaction volume environment. MAH with Teradata follows on the September release of three new Microgen Aptitude modules, including:

1. PerformancePLUS: providing up to a 30 percent increase in transaction processing speeds in Microgen Aptitude Version 3.0

2. BPD and SOA Orchestration: providing SOA orchestration from entities within the Business Process Diagram providing the ability to merge new and old technologies

3. DBClarity: enabling businesses to develop high performance in-database analytical applications via a graphical interface, thereby reducing operational risk, speeding up the analysis process and improving collaboration between the business and IT

About Teradata
Teradata Corporation is the world's largest company solely focused on raising intelligence and achieving enterprise agility through its database software, enterprise data warehousing, data warehouse appliances, consulting, and enterprise analytics. Visit Teradata on the web at www.teradata.com.

Copyright © 2010 Microgen plc All Rights Reserved
Microgen ® Microgen plc
Microgen Aptitude ® Microgen Aptitude Limited
Microgen Aptitude -- Patent Pending (Serial No: 1686466) & U.S. Patents Pending

Contact Information

  • For further information please contact:

    North America:
    Meghan Gardner
    Version 2.0 Communications
    +1 857 222 2864
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    Europe and the Rest of the World:
    Sophie Hodgson
    +44 20 7842 3200
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