TNT-Technologies Offers Risk-Profitability-Measurement Solution with Applix's Industry Leading TM1 Application for Performance Management
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- Pact Continues Applix's Momentum in Operations and Finance with Add-on Solution; RPM and Best Practice Methodology for Banking/Financial Services -
WESTBOROUGH, Mass., July 20 // -- Applix, Inc. (NASDAQ:APLX), a global leader of performance management applications, and TNT-Technologies, a business strategy consulting firm specializing in business intelligence (BI) and corporate business performance management, have announced that TNT is providing a banking solution called Risk-Profitability- Measurement (RPM). Its capabilities are to be offered with Applix's TM1 performance management application.
TNT's RPM enables financial institutions to manage market, operational and credit risks; to analyze customer and product profitability; and to determine key performance indicators (KPIs) and scorecard measurements. Financial and operational planners can analyze customer and product, Funds Transfer Pricing, yield and profitability and determine KPIs and scorecard measurement. It also gives financial institutions the ability to forecast and plan balances using roll/on and roll/off balance sheets. The TM1 reporting engine utilized by RPM empowers the analyst to facilitate business decisions, consolidate results while retaining the ability to drill back into the components, determine causes and analyze variances.
"The combination of RPM with Applix TM1 will enable our customers to achieve new levels of performance with unparalleled speed, particularly with TM1's enhanced, scalable 64-bit capabilities for analysis and reporting on extremely large data sets," said Tony DellaTorre, president, TNT-Technologies. "Powered by TM1, leading financial companies can perform multiple rate scenarios, profitability analysis and make better business decisions faster with extensive use of scorecarding."
Fully integrated within TM1, RPM enables users to perform scenario analysis, reporting, what-if modeling and scorecarding in a centralized and secure information store. TM1 houses actual, budget, and forecast data in one database providing management with a single version of the truth. RPM is a key component of TNT-Technologies methodology for intelligence and performance management and is specifically designed for the strategic needs of financial institutions.
"With the fierce competition within banking, TM1-based RPM gives our customers a distinct advantage of rapid analysis to get to the right answers well ahead of their competitors," noted Dave Menninger, vice president of worldwide marketing, Applix. "And that edge can make all the difference in attaining superior performance in serving customers' needs and increasing product profitability."
About TNT
Founded in 1986, TNT-Technologies is a business strategy consulting firm. TNT specializes in Business Intelligence (BI) and corporate performance management (CPM) solutions. TNT is committed to increasing efficiencies for their clients through a combination of process improvements, technology implementations, and alignment with industry best practices.
TNT-Technologies methodology of "Turning Strategy into Reality" is the foundation of its best practices approach to today's intelligence and performance management requirements. RPM is a key component of this methodology specifically designed for the strategic needs of a financial institution. For more information about TNT-Technologies, please visit http://www.tnt-technologies.com/.
Applix TM1
Applix's TM1 is a complete performance management application, delivering strategic business planning, budgeting, reporting and analytics for powering analysis of financial, operational, sales, employee and other business data. Applix customers worldwide use TM1 real-time response, adaptability, easy-to-use interfaces, and low total cost of ownership, and a majority realize a 100 percent return on their Applix investments within the first six months deployment. The annual BPM Partners "Beyond the Hype" Webcast (http://www.bpmpartners.com/events_webinars.shtml) for 2006 recognized that Applix TM1 customers had the highest level of satisfaction of any of the leading BPM solutions, suites, tools and vendors. The OLAP Survey 5 (http://survey.com/olap) gave TM1 the highest marks for speed of query, deployment, and data load and pre-calculation, as well as the highest ranking for overall business benefits achieved and the lowest number of technical problems.
About Applix
Applix (NASDAQ:APLX) is a global leader in performance management applications that enable continuous strategic planning, management and monitoring of performance across the financial, operational, sales and marketing, and human resources functions within the enterprise. Applix is a founder of the BPM Standards Group (http://bpmstandardsgroup.org/) and has been recognized by numerous industry analyst groups for its technical leadership and vision in the marketplace. Applix and its global network of partners help nearly 3,000 customers worldwide manage their business performance and respond to the marketplace in real time. In mid-2006, Applix acquired Temtec International B.V. to further extend performance management solutions across the enterprise. Headquartered in Westborough, MA, Applix maintains offices in North America, Europe and the Pacific Rim. For more information about Applix, please visit www.applix.com/.
Source: Applix, Inc.
CONTACT:
Charlotte Locke of Applix,
+1-508-475-2441,
clocke@applix.com;
or Joe Gavaghano of Davies Murphy Group, Inc.,
+1-781-418-2419,
jgavaghan@daviesmurphy.com, for Applix, Inc.
Web site: www.applix.com/
http://www.tnt-technologies.com/
