Panorama Software

Panorama Software

October 17, 2005 06:00 ET

Panorama Software Signs Enterprise Agreement With Nuheat

TORONTO, ONTARIO--(CCNMatthews - Oct. 17, 2005) -

Leading Manufacturer to Utilize BI Solution for Financial Reporting

Panorama Software, a global leader in business intelligence (BI) solutions, announced today it has signed an enterprise agreement with Nuheat Industries Ltd., a leader in radiant floor heating systems, to provide an integrated business intelligence solution to consolidate and report corporate sales and performance margins.

Nuheat has multiple operating divisions throughout Canada and the United States and required a solution that would enable its sales representatives and operations team to have access to timely sales information. In addition, the solution needed to be compatible with Microsoft SQL Server 2000 and be able to consolidate reporting for their Canadian and US operations into one system. Nuheat chose Panorama to provide a solution that would lead to clear and measurable bottom-line results.

"We were looking for an integrated and efficient solution that would analyze and create reports of our financial information, said Patrick Mann, Vice President Operations, Nuheat. "Panorama was able to provide valuable and relevant information to different user groups in Canada and the United States in a format that was easy to read and understand. With Panorama 4.5 we were able to consolidate, share and optimize our reporting tools. Ultimately, we now can leverage valuable information throughout our operating divisions."

Within hours of installing the software, Nuheat was able to create reports and analyze the findings for key financial data integral to the organization's operations. Currently, Nuheat is using Panorama 4.5 within its finance and business operations to help consolidate financial details and increase overall corporate performance.

"Nuheat is already considered a leading manufacturer in radiant floor heating systems," said Mike Delgado, Vice President Sales, Americas, Panorama Software. "Panorama 4.5 will enable Nuheat to further improve efficiencies of its operation reports and help them gain a better understanding of their data that will lead to improved bottom-line results. We are pleased to provide such a solution to Nuheat that will improve their reporting process and look forward to extending our relationship in the future."

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.

About Nuheat

Since 1989 Nuheat has provided homeowners with the ultimate luxury; gently warmed tile and stone floors. Used in bathrooms, kitchens, entryways and basements, Nuheat is a radiant heating system for ceramic tile, natural stone, laminate and engineered wood floors that works like an electric blanket. Nuheat heating mats are pre-built in the factory to provide even and full coverage with no cold or hot spots. Nuheat provides homeowners with a 25-year warranty.

Consumers can call Nuheat's toll-free customer service line at 1-800-778-9276 or can visit the Nuheat Web site at www.nuheat.com for more information or to order Nuheat through an authorized distributor.

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