Panorama Software

Panorama Software

October 24, 2005 14:55 ET

Panorama Software Helps Companies To Proactively Manage Their Business

TORONTO, ONTARIO--(CCNMatthews - Oct. 24, 2005) -

Leading BI Provider to Announce New Business Intelligence, Performance Management Products and Technology Strategies

Panorama Software, a global leader in business intelligence (BI) solutions, today announced that it will be expanding and enhancing its product line to address the a new demand for advanced BI and Customer Performance Management (CPM) solutions that enable companies to proactively manage their business. These new solutions go beyond traditional analytics, reporting and scorecarding software to help companies improve performance and achieve greater results.

An increasing demand for advanced business intelligence solutions has fueled growth of Panorama's product development including the recent beta release of Panorama 5.0 and beta and second beta release of its enterprise performance management suite - code named "Symphony."

Growing Market Creates Opportunity for Performance Management Solutions

According to feedback from customers, partners and key analysts, more companies are recognizing that in order to improve performance and make better, faster decisions they have to go beyond traditional business intelligence solutions. Therefore, Panorama's latest solutions will help organizations better utilize and customize the way data is consumed and utilized, leverage existing technology investments, and provide business intelligence and customer performance management solutions needed to manage business.

Proactive business management leverages a company's collective knowledge and uses it to understand and change its performance. If an organization can understand what worked and what didn't with greater speed and accuracy, it will be better prepared to decide and act in the future. Anticipating market changes and adapting quickly requires solutions that can offer a combination of insight and action. Proactive business management means:

- Tracking and measuring corporate and individual performance toward achieving strategy goals;

- Monitoring progress in real time to identify positive trends or potential issues;

- Analyzing opportunities and associated risks that will drive business forward; and

- Collaborating inside and outside an organization in order to make decisions with greater speed and confidence.

Continued Support for Microsoft

By integrating with Microsoft SQL Server 2005, Microsoft Office Business Scorecard Manager 2005 and Microsoft's Office suite, Panorama's new and innovative product suites will continue to tightly integrate and extend Microsoft's BI software. Panorama will leverage the new BI capabilities of products such as Microsoft Office "12" Excel and Office "12" SharePoint, allowing companies to have greater choice in BI tools that best fit their needs.

"Today's decision makers are overloaded with data and faced with pressures of having to solve complex business issues with less time," said Eynav Azarya, CEO Panorama Software. "Traditional BI tools only address data management issues. Panorama understands these challenges. Our latest solutions are focused on helping companies proactively manage their business with a decision making framework that provides faster access to vital data, fosters greater collaboration and teamwork, and can adapt to the changing needs of an organization."

About Panorama Software

Panorama Software helps global organizations unlock the hidden value of their information assets to improve business performance and results. Panorama extends the Microsoft Platform through integrated business intelligence and corporate performance management solutions. With Panorama decision makers at all levels and functions can easily analyze data, quickly create and distribute reports, and proactively measure performance. Companies gain a greater understanding of their business and make better decisions. These informed decisions improve profitability, increase revenues, reduce costs and time to market and mitigate competitive risks.

Panorama, a leading innovator of business intelligence solutions, supports customers worldwide in industries such as financial services, manufacturing, healthcare, retail, healthcare, telecommunications and life sciences. Panorama has more than 250 partners in 30 countries, and maintains offices throughout North America and EMEA. More information is available at www.panorama.com.

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