Software integrates with Oracle Business Intelligence.

Press Release Summary:



Corporate Performance Management streamlines business processes by enhancing information delivery and offers reporting and corporate governance capabilities. Software facilitates business transformation by providing repeatable implementation practices to help in risk management, customized reusable tools and project accelerators, and vertical solutions for financial services.



Original Press Release:



BearingPoint Launches Corporate Performance Management Solution for Oracle Business Intelligence



Service Solution Delivers Long-Term Business Insight for Better Decision-making

MCLEAN, Va., Oct. 24 // -- BearingPoint, Inc. (NYSE:BE), one of the world's largest management and technology consulting firms, today leveraged its 10-year commitment to developing innovative corporate performance management systems to unveil Corporate Performance Management, a premier global services solution integrated with Oracle Business Intelligence.

According to a recent study, business intelligence (BI) ranks second behind security on the CIO's list of top 10 priorities. In today's changing business environment, CEOs and CFOs of leading organizations need more insight into their business. The pressure to deliver results while shouldering responsibility for compliance compels them to demand greater return on investments in enterprise resource planning systems, business intelligence applications and compliance tools. BearingPoint CPM is designed to help companies improve return on investment, enhance timely and accurate information delivery, and improve reporting and corporate governance, while increasing efficiency and effectiveness.

"BearingPoint's solution enables businesses to leverage the costs associated with streamlining business processes to help meet regulatory and governance mandates, such as Basel II, gaining value and competitive advantage from their investment," said Greg Molley, managing director, for BearingPoint's Oracle Business Intelligence Practice. "We've strategically aligned our resources with Oracle to make the connections needed for the development and delivery of innovative business transformation solutions. Our cross-competency teams have been working together extensively, giving us more experience on Oracle technologies, greatly reducing client risk. We were the first to consolidate both the Oracle and PeopleSoft practices and added the Siebel Practice to our global integrated community as of January 2006. Because of this, we're more closely aligned with Oracle and its development process and have contributed to the development and roll-out of upgrades and Oracle's Business Intelligence strategy leveraging Oracle SOA."

BearingPoint's CPM provides the business insight executives require, delivering in high value, business transformation through:

o Seasoned practitioners with cross-industry and cross-functional business
process knowledge, as well as Oracle and non-Oracle technology
experience;
o Repeatable implementation practices to help companies manage risk and
deliver predictable, value-added outcomes;
o Reusable tools and project accelerators that are tailored to individual
client needs through a collaborative delivery approach;
o Specialized vertical solutions to meet the needs of our financial
services clients; and
o Specialized domain solutions for helping companies to meet their
compliance needs and drive focused process improvement.

"BearingPoint was a very early partner in embracing our larger BI strategy and working with our development team to understand our strategy. They communicated this strategy to our clients and built out a solution we recognized this week with a Titan Award. BearingPoint moved quickly to align its practice to capitalize on the opportunity," said Robert Stackowiak, vice president, Business Intelligence Oracle Corporation Technology Business Unit. "BearingPoint's CPM solution leverages its significant Oracle technology expertise with industry expertise, business process and change management to help their clients deliver solid business results. The company's leadership in developing innovative solutions has made it a valuable Oracle partner for many years and they are well positioned to deliver our Fusion business intelligence solutions as they are introduced."

"BearingPoint takes a holistic approach in applying strategy, business process industry expertise, and change management to help increase our clients' return on investment," said Molley. "With the power of Oracle Business Intelligence at the core, our teams focus on developing an integrated view of the data locked in customers' information systems. With our CPM solution, we can offer a global network of professionals providing implementations, upgrades and strategic solutions across the entire suite of Oracle products."

As a Certified Advantage Partner in the Oracle Partner Network, BearingPoint has completed more than 2,000 Oracle implementations and upgrades in more than 50 countries. Today, it supports the evolution of Oracle Fusion Applications, Oracle's initiative to protect customer investments while extending and evolving the functionality of its Oracle, PeopleSoft, JD Edwards, Siebel and emerging product lines.

"BearingPoint has been a trusted advisor to our organization for many years," said Jennifer Fancher, first vice president, Washington Mutual, Inc. "We have clearly benefited from their strategic vision, and the business acumen, project management, and technical skills they bring to their teams to make the visioning a reality. Their work on our Corporate Performance Management Solution has allowed us to manage our company more effectively. This is why BearingPoint continues to be one of our key strategic partners."

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE:BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has over 17,000 employees and major practice areas focusing on the Public Services, Financial Services and Commercial Services markets. For nearly 100 years, BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. For more information, visit the Company's website at http://www.bearingpoint.com/.

FCMN Contact: james.hart@bearingpoint.com

Source: BearingPoint, Inc.

CONTACT:
Chad Morris of BearingPoint, Inc.,
+1-703-747-3861,
chad.morris@BearingPoint.com

Web site: http://www.bearingpoint.com/

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