Cargill Selects Cartesis Performance Management Applications
Cartesis, a leading supplier of business performance management (BPM) software, today announced its newest customer in the US, Cargill Incorporated. Cargill consolidates its performance management infrastructure with a single integrated BPM solution from Cartesis.
Norwalk, CT (PRWEB) September 12, 2005
Cartesis, a leading supplier of business performance management (BPM) software, today announced its newest customer in the US, Cargill Incorporated. Cargill, headquartered in Minneapolis, MN, is an international provider of food, agricultural and risk management products and services. With over 105,000 employees in 59 countries, the company provides food, agricultural, health, pharmaceutical, financial and risk management products and services around the globe.
Cargill, as with many global companies, faced the challenges posed by operating a consolidation system composed of multiple applications resulting in a complex closing process. Cargill sought to replace the existing process with a single integrated solution that would provide greater speed, accuracy, control and security.
“We were looking for a vendor to partner with that offered not only a viable solution, but also had the functional consolidation expertise, the required technical knowledge and proven implementation experience,” said Dennis Walters, VP, Director Corporate Financial Reporting. “We found that Cartesis not only offered these qualities but were easy to work with during the evaluation process and was genuinely committed to the success of the project.”
During the selection process Cargill reviewed the offers of the major BPM vendors and chose Cartesis Magnitude Extended Suite based on several key differentiators. Cargill preferred the flexibility behind CartesisÂ’ three tiered architecture, which offered ease of implementation, ease of configuration, ease of integrating outside reporting tools and the inclusion of a flexible and comprehensive intercompany solution. Cartesis Magnitude Extended Suite provided Cargill with an integrated solution based on a single data model eliminating the need for bolt on tools and supplementary point solutions.
“Cargill was keenly interested in the additional value the solution offers in terms of its breadth, depth and flexibility for data collection, consolidation, validation, and workflow capabilities”, stated Marc Schnabolk, President of US Operations for Cartesis. “With Cartesis ES Magnitude, Cargill will be able to handle detailed data analysis, supporting narratives with comprehensive audit trails and traceability of the results all from one integrated solution.”
“Cartesis ES Magnitude offers the ability to analyze results for multiple reporting periods in multiple management and legal reporting structures” states, Dennis Walters. “Cartesis ES Magnitude is able to support Cargill’s 350+ global reporting locations, 1,000+ users, 2,500 active entities with multiple currencies, multiple general ledgers and varied reporting needs in a non-proprietary infrastructure that offers both robust controls and security.”
About Cartesis
Cartesis is a global software vendor that provides trusted solutions for driving your company's financial and business performance. Cartesis equips its customers with the control and insight they need to assess and react in today's rapidly changing marketplace. With the recent acquisition of INEA Corporation, Cartesis offers best-of-breed planning and forecasting capabilities with the number one best-in-class financial consolidation and compliance solution for an integrated approach to business performance management.
One in five Fortune Global 100 companies rely on Cartesis' powerful technology to unify complex information, people and processes in a single data model that can be applied easily and consistently across multiple geographies and business segments. Headquartered in Paris, Cartesis has offices in Brussels, Frankfurt, London, Norwalk (CT), Tokyo, Toronto and Utrecht. The company has more than 1300 corporate customers and partners in 44 countries around the globe.
All cited names and/or trademarks are the property of their respective owners.
For more information, please visit www. cartesis. com or call:
Matthew Papertsian
203-956-2800
Mpapertsian@cartesis. com
For further press information please contact:
Jessie Anderson
212-885-0662
Jessie. anderson@hillandknowlton. com
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