NCH CHOOSES COGNOS TM1 FOR TIME AND COST EFFECTIVE BUDGETING AND FINANCIAL MANAGEMENT
London, UK – November 08, 2007 – Cognos® (NASDAQ: COGN) (TSX: CSN), the world leader in business intelligence and performance management solutions, today announced that it has been chosen by NCH, the UK's leading children’s charity, to supply Cognos’s TM1® to manage its budgeting, reporting and financial planning. Cognos TM1 is a product of Applix. Inc., now an indirect, wholly-owned subsidiary of Cognos.
NCH will implement Cognos TM1 to consolidate more than 2000 Excel spreadsheets, which will be pulled into one comprehensive, centralised database holding budgeting and financial planning data for the charity.
“The process used prior to TM1 was too time-consuming for the charity. With TM1, NCH will be able to do essential revisions quickly and efficiently, becoming far more cost effective in both the short and long-term”, said Mark Geagan, project manager at NCH. “During our selection process, TM1 was the first choice for us because of the flexibility offered by the product. With the ability to create models that suit the specifics of our business, we see the potential to continue developing the system across more of the charity in the near future.”
Cognos TM1 will also be used to help NCH look at future reporting for the charity, specifically in the area of performance management as well as more general reporting with the help of TM1’s dashboard capability.
“We are pleased that NCH has chosen Cognos TM1 over other major Business Analytics suppliers,” said Martin Richmond-Coggan, VP of EMEA, Cognos. “TM1 offers NCH a superior financial planning solution, and will help save time and reduce costs for the charity.”
About NCH
NCH is the UK's leading children’s charity, working with more young people than any other charity in the country. With nearly 500 services, it supports over 178,000 of the UK’s most vulnerable children, young people and their families, helping those affected by poverty, disability, abuse and neglect. Founded in 1869, today, NCH is the leading voluntary provider of children’s centres, children's services in rural areas, services for disabled children and their families, and services for young people leaving care. NCH was previously known as National Children's Home. It re-branded in 2000 to become NCH, the children's charity. For further information visit www.nch.org.uk.
About Cognos, an IBM Company
Cognos, an IBM company, is the world leader in business intelligence and performance management solutions.
It provides world-class enterprise planning and BI software and services to help companies plan, understand and manage financial and operational performance.
Cognos was acquired by IBM in January 2008.
For more information, visit http://www.ibm.com/software/data/ and http://www.cognos.com/uk/
For further information about Cognos, please contact:
Katy Lyons or Farimah Saadat at LEWIS, the PR agency
Telephone: +44 (0)20 7802 2626
Fax: +44 (0)20 7802 2627
www.lewispr.com
For sales enquiries call:
Tel: +44 (0) 1344 486 668
www.cognos.com/uk
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Katy Lyons Farimah Saadat LEWIS PR Agency Tel:+44(0)207802 2626 Fax:+44 (0)207802 2627 cognos@lewispr.com www.lewispr.com |
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