HSH Nordbank Selects Applix and Granville Associates to Transform its Management Information and Reporting
30 Juillet 2007 - 2:30PM
Business Wire
Granville Associates, which provides Business Intelligence
solutions for banks, and Applix, Inc. (NasdaqGS: APLX), the leading
business analytics software solutions provider, announced that the
London branch of HSH Nordbank has selected Granville�s Business
Intelligence Harvester to transform its management information and
reporting. Harvester is a unique, packaged Business Intelligence
(BI) solution that combines a powerful Microsoft data warehouse
with technology from Applix, a global leader in business analytics
software. Data will be extracted from HSH Nordbank�s Midas Plus
system and then transformed, loaded and reconciled into the data
warehouse. From here the data is restructured and loaded into
Applix�s TM1 to allow bank staff to perform fast, sophisticated
analysis, modelling and reporting. The intuitive user interface
includes Applix�s Executive Viewer (EV), which will be used to
present information in an easy-to-read and attractive format, both
within the branch and for the bank�s head office. The scalability
and flexibility offered by EV will enable a wide range of users to
leverage real-time web access to data for advanced ad-hoc analysis
as well as distributed reporting. Requiring no programming or
training, EV ensures users can quickly begin exploring data from
any perspective, creating on-the-fly calculations and identifying
exceptions. David Forster, Head of Operations, HSH Nordbank
explains, �With our plans to expand our London operation, we have a
number of challenges with our reporting and management information
that need to be resolved urgently. Our existing reporting
capability is slow and inefficient and it is difficult to get at
the information we require. We are consequently spending too much
time on reconciliation and investigation and have little time for
important analysis work. We also want to improve the quality of key
information available to senior management � for example client
profitability.� He continues, �The Granville and Applix solution
will not only address our current challenges, but will also allow
us to gather data from our other operational systems in the future.
This data can then be maintained in the data warehouse and included
in our management reporting. The capabilities of the solution were
successfully demonstrated to the bank in a �proof of concept�
exercise prior to purchase. This, together with the short
implementation time, means that Granville�s Harvester based on
Applix software was the ideal choice for HSH Nordbank.� Richard
Peddar, CEO of Granville Associates, comments, �HSH Nordbank needed
a solution that could solve problems that are typical of many banks
with legacy transaction processing systems. These systems were
generally not designed with reporting in mind and it can be a major
challenge achieving transparency of the valuable data which they
contain. With its data warehouse, designed using Granville�s
generic banking data model, Harvester provides a single reconciled
source of information for all reporting and management information
needs. Applix�s technology, which we package with the solution, is
an ideal complement to the data warehouse as it allows banks to
view, analyse, model and report this information in any way
needed.� The implementation of Granville Harvester at HSH Nordbank
has commenced and the system is scheduled to go live in September
2007. About HSH Nordbank HSH Nordbank employs some 4400 staff
worldwide and total assets of �189 billion. The bank is the result
of the 2003 merger between Hamburgische Landesbank and Landesbank
Schleswig-Holstein. As well as headquarters in the internationally
important German shipping centres of Hamburg and Kiel, it has 17
overseas branches including offices in the US and Asia. About
Granville Associates Granville Associates delivers Business
Intelligence solutions for banks. These solutions extract and
transform data from banking systems and populate a generic banking
data model to create a fully reconciled source of reliable banking
information �one version of the truth�. The combination of a data
warehouse and TM1 OLAP software allows immediate access to
consolidated data with many flexible views, the ability to
instantly drill to the underlying detail and perform quick,
sophisticated analysis, modelling and charting. For more
information about Granville Associates, please visit
www.granvilleassociates.co.uk. About Applix Applix (NasdaqGS: APLX)
empowers agile enterprises by offering the only complete Business
Analytics software solution. The Company is focused exclusively on
providing a single, cohesive Performance Management and Business
Intelligence solution, with strategic planning, forecasting,
consolidations, reporting and analytics across financial,
operational, sales and marketing, and human resources departments.
The Applix platform, powered by the renowned TM1 analytics engine,
reaches farther, deploys easier, and reacts faster than any
business analytics solution available today. Applix and its global
network of partners help 3,000 customers worldwide manage their
business performance and respond proactively to the marketplace.
Headquartered in Westborough, MA, Applix maintains offices in North
America, Europe and Asia Pacific. For more information, please
visit www.applix.com. Applix, Executive Viewer, and TM1 are
registered trademarks of Applix, Inc. Any statements in this press
release about future expectations, plans and prospects for Applix,
Inc., including any statements containing the words �believes,�
�anticipates,� �plans,� �expects,� and similar expressions,
constitute forward-looking statements. Forward-looking statements
necessarily involve risks and uncertainties, and actual results
could differ materially from those indicated by such
forward-looking statements as a result of various important
factors. Factors that could cause or contribute to such differences
include without limitation, competitive pressures, changes in
customer demands, adverse economic conditions, loss of key
personnel, litigation, potential fluctuations in quarterly results,
lengthy sales cycles, market acceptance of new or enhanced products
and services, factors affecting spending by customers and other
risks, uncertainties and factors including those described in the
Company's most recent Form 10-K or 10-Q under the heading "Risk
Factors"/"Factors That May Affect Future Results." In addition, the
forward-looking statements provided by the Company in this press
release represent the Company's views as of the date of this
release. The Company anticipates that subsequent events and
developments may cause the Company's views to change. However,
while the Company may elect to update these forward-looking
statements at some point in the future, the Company specifically
disclaims any obligation to do so, and these forward-looking
statements should not be relied upon as representing the Company's
views as of any date subsequent to the date of this release.
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