SOURCE: Information Builders

March 27, 2008 09:09 ET

Nationwide Financial Services Selects Information Builders WebFOCUS as Its Operational Reporting Standard

Operational Reporting Standard to Consolidate Infrastructure and Customize Reports for Leading Insurance and Financial Services Company

NEW YORK, NY--(Marketwire - March 27, 2008) - Information Builders, the independent leader in production business intelligence (BI) systems, announced today that Nationwide Financial Services, Inc., has selected WebFOCUS to help the company standardize on a single operational reporting tool and improve its data reach. Nationwide, a financial services company that helps consumers invest and protect their long-term assets, had numerous disparate reporting tools and databases which caused business users to lose valuable time searching for the right information. The company needed to centralize its infrastructure, while maintaining a federated reporting model, which would empower business users with real-time information and customized reports.

"We wanted to present information, such as yesterday's sales results, in a timely manner to our business users so they could analyze it and respond accordingly. That was our motivation to consolidate our operational reporting," said P. Bhasker, CTO of Nationwide Financial. "WebFOCUS will not only help us manage costs through its strategic platform, but it also represents a very good model from an ROI perspective."

With WebFOCUS, Nationwide will be able to provide timely information to its business users from disparate data sources including Oracle, SQLServer, and its data warehouse. WebFOCUS will provide Nationwide one operational reporting tool to leverage across the organization and the ability to scale to 1,000 business users, operations managers, and wholesalers. In the future, WebFOCUS will also be customer-facing, making it easier for Nationwide to be more responsive to its customers' needs.

"Nationwide recognizes the important investment they have made in WebFOCUS by setting ROI metrics from the start," said Gerald Cohen, CEO and founder of Information Builders. "A centralized infrastructure combined with customized report features will ensure information is delivered in a meaningful manner, increase speed to market, and provide a cost-efficient operational reporting model."

About Nationwide Financial

Nationwide Financial Services, Inc. (NYSE: NFS), a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers.

It is part of the Nationwide group of companies, which offers diversified insurance and financial services. The group is led by Nationwide Mutual Insurance Company, which is ranked No. 104 on the Fortune 500 based on 2006 revenue. Nationwide, Nationwide Financial, the Nationwide Framemark and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company. www.nationwide.com.

About Information Builders

Information Builders award-winning combination of business intelligence and enterprise integration software has been providing innovative solutions to more than 12,000 customers for the past 30 years. WebFOCUS is the world's most widely utilized business intelligence platform. It provides the security, scalability, and flexibility needed at every level of global extended enterprises. Its simplicity helps create executive, analytical, and operational applications that reach dozens to millions of users. Information Builders iWay Software suite provides state-of-the-art, multi-purpose, pre-built integration components that address all SOA, application, data, and information management requirements. Its integration adapters have been adopted by the leading software platform providers. Together, these products give Information Builders customers the ability to live up to the company motto: "Your Business. No Barriers."

Information Builders award-winning technology has successfully provided quality software and superior services to more than 12,000 customers, including most of the Fortune 100 and U.S. federal government agencies. Headquartered in New York City with 90 offices worldwide, the company employs 1,450 people and has more than 350 business partners. For more information visit http://www.informationbuilders.com.

Contact Information

  • Press Contacts:
    Kathleen Moran
    Information Builders
    (212) 736-4433
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    Jennifer Moebius
    Emerge PR
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