SOURCE: Quantrix, Inc.

March 11, 2008 10:15 ET

Quantrix and Baker Newman Noyes, LLC Partner to Deliver Strategic Planning Models to National University of Singapore

Quantrix Teams With Certified Public Accounting Firm to Assist Fast-Growing International University With 10-Year Strategic Plan

PORTLAND, ME--(Marketwire - March 11, 2008) - Quantrix today announced that it has partnered with Baker Newman Noyes, LLC, one of Maine's largest certified public accounting firms, in delivering integrated 10-year strategic planning and forecasting models to the National University of Singapore (NUS). The two Portland, ME-based firms helped the University migrate from a traditional spreadsheet system to one that uses Quantrix's flexible, multidimensional technology to enable the University to prepare for its future and support its strong growth. Quantrix Modeler is Business Modeling and Analytics (BMA) technology that enables business and financial professionals to develop models in greater depth and from multiple perspectives while improving productivity, accuracy, and transparency.

NUS has 186 departments and 15 schools, and is required by the Ministry of Education to develop a 10-year strategic plan. The University initially attempted to develop the models based on traditional spreadsheets, but found that the technology would not support its complex requirements, so it turned to Quantrix. Quantrix Consulting Manager Steve Bailey traveled to Singapore with Sarah Weiss of Baker Newman Noyes to work on the models with NUS staff. The team developed integrated models for critical university functions such as capital budgeting, tuition revenue and ministry grant forecasting, endowment planning, faculty and student capacity planning, and cohort survival modeling. In addition to eliminating more than 150 worksheets and saving hundreds of labor hours, the models now can be used and maintained by the University finance department, without reliance on software programmers.

"Our collaboration with Quantrix to assist people on the other side of world demonstrates the best of our companies," says Charles Hahn, Principal and Director of Tax Services of Baker Newman Noyes. "Our combined expertise was a great fit for the University, and BNN looks forward to more opportunities to expand our global reach."

"It's very exciting when two Maine companies can partner together to provide software and services that are in demand throughout the world," says Chris Houle, CEO, Quantrix. "Quantrix has customers in more than 45 countries and the list continues to grow. We look forward to building our relationship with Baker Newman Noyes and other consultancies to deliver specialized solutions that allow organizations to achieve rapid success with Quantrix."

About Baker Newman Noyes

Baker Newman Noyes, LLC is a regional professional services firm with offices in Portland, Maine, and Manchester and Portsmouth, New Hampshire. We offer comprehensive Accounting, Tax and Audit services as well as Healthcare Management and Information Technology Consulting to businesses and individuals in the Northeastern United States. We serve a variety of clients including healthcare providers, financial service companies, public sector entities, not-for-profit organizations, manufacturers and distributors and high wealth individuals and families. For more information, visit http://www.bnncpa.com/ or call +1 800.244.7444.

About Quantrix

Quantrix delivers business modeling and analytics (BMA) solutions and services to customers in more than 45 countries. Quantrix Modeler is multidimensional BMA software that provides unprecedented business insight by enabling companies to develop accurate, secure, and dynamic forecast, budget, planning, risk, and data models. Quantrix Modeler delivers rapid return on investment by empowering businesses to break away from restrictive two-dimensional spreadsheets and complicated modeling and business intelligence tools. For more information about Quantrix Modeler, or to activate a free 30-day trial, visit www.quantrix.com or call +1 207.775.0808.

Contact Information

  • Media Contact for Quantrix:

    Alison Harris
    Harris Media Services
    +1 207.829.4500
    Email Contact

    Media Contact for Baker Newman Noyes:

    Perry St. Louis
    +1 800.244.7444 x 7109
    Email Contact