Press release
April 24, 2006
Prodacapo Selected as Partner for Cartesis Global Open Profitability Initiative
Prodacapo has formed a strategic partnership with Cartesis, a world leading specialist in finance and performance management software.
Prodacapo has been selected by Cartesis as a founding member of its global Open Profitability Initiative, designed to deliver comprehensive profitability optimization and business performance management solutions.
Through the initiative, companies that rely on the Cartesis platform can confidently select a product for profitability optimization that has been pre-approved by Cartesis. Data from the products can be leveraged by all applications in the Cartesis 10 suite.
Cartesis is the fastest growing software company within the area of financial and business performance management solutions. One out of four Fortune Global 100 companies relies on Cartesis. The company provides solutions for financial consolidation and budgeting, planning, and forecasting.
Prodacapo is a leading provider of corporate performance management solutions. The Prodacapo software suite includes solutions for enterprise-wide cost and profitability analysis as well as for dynamic planning, balanced scorecard, and business process management.
Fredrik Wastenson, CEO, Prodacapo says: “Accurate and transparent information about costs and profitability of customers, products, and channels is vital for any organization that wants to improve profitability and performance. The Prodacapo solution for cost and profitability analysis is based on Activity Based Costing/ Management and provides organizations with the insights they need to improve profitability and reduce costs. We are pleased to partner with Cartesis. Together we can offer customers a comprehensive and powerful suite of solutions for performance management.”
“We have successfully established Prodacapo as a leading provider of world-class software solutions for improved performance management. The partnership with Cartesis is proof of this. It is also an important step in our continued global expansion and allows us to offer a broader performance management solution."
Crispin Read, CMO at Cartesis says: “Profitability optimization – including customer, product, and channel profitability – is a high priority for our customers. The open initiative allows Cartesis to deliver extended solutions for performance management while maintaining our focus on financial consolidation and budgeting, planning, and forecasting. We are delighted to partner with Prodacapo; in partnership we will enable joint customers to better manage performance and increase profitability.”
For more information about Cartesis, please visit www.cartesis.com
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