Sliedrecht, Netherlands & Stockholm, Sweden, May 27, 2014 – UNIT4, the global leader in software that supports business change, announced today that its Consolidation and Cash product (formerly OCRA) has been ranked as the leading consolidation/reporting solution by Sweden’s largest companies and public organizations, having received the highest user satisfaction rating in KPMG’s Business Intelligence (BI) Lifecycle Satisfaction Survey.
UNIT4 Consolidation & Cash was rated best among market leaders including SAP/Business Objects, IBM/Cognos, Oracle/Hyperion and Excel. KPMG runs three annual surveys among CFOs, Finance Managers and Financial Controllers at Sweden’s 500 largest companies and public organizations, providing a business systems benchmark and comparison in the areas of analytics, consolidation/reporting, and budgeting/forecasting.
The UNIT4 Consolidation solution received the highest score in four of the five consolidation/reporting report categories which were:
• Support for analysis
• Flexibility of contracts
• Innovative solutions
According to the report: “Within these areas there is cause for the market to pay attention to customers’ positive assessment of UNIT4 Consolidation and Cash. It has clear credentials for a leading role in aligning technology and business,” (when asked questions relating to the KPMG Global BI Framework, 31 percent said they could not meet developing business requirements due to poor technology infrastructure and data accessibility).
“Our solution has led the market for a number of years now offering a single version of the truth for fast-changing organizations, giving an integrated financial performance capability, and empowering organizations to deliver on their strategic financial objectives,” said Alar Lange, Managing Director of UNIT4’s C&C Solution. “We build our software with the flexibility to meet business change requirements quickly and effectively and as such our customers find they change and innovate at higher speed and lower cost.”
UNIT4 Consolidation & Cash delivers an integrated end-to-end solution for financial performance reporting and consolidation and cash management as well as seamless integration to a company’s ERP and financial management systems. Through close links from operational data to high-level financial KPIs, customers can directly link strategic finance and operational performance; carry out sophisticated modelling, forecasting and budgeting; perform rapid financial consolidation and comprehensive cash management; and monitor risk and compliance with confidence. The tools have been designed specifically to help multi-company and international organizations gain the transparency they need by delivering group accounting, statutory reporting, intercompany netting and cash planning more quickly, simply and consistently.