South San Francisco, Calif., – July 16, 2003 – Actuate Corporation (NASDAQ: ACTU), the world leader in scalable Business Intelligence Applications, today announced that many customers including Henry Jackson Foundations for the Advancement of Military Medicine and York University use the Actuate Information Application Platform to build Performance Management applications to realize the full potential of existing transactional ERP systems such as PeopleSoft.
A July 2003 Ventana Research study titled ‘Operational Performance Management” recommends that organizations look beyond the possible consolidation of transactional application vendors such as Oracle and PeopleSoft and gain a competitive advantage by implementing Performance Management initiatives. The study clearly showed that organizations are shifting towards implementing business intelligence technologies from leading companies such as Actuate to maximize existing ERP investments.
“Ventana Research recommends organizations should take this opportunity to begin building and deploying Performance Management and insulating (not necessarily disassociating) themselves from the activities of Oracle, PeopleSoft, JD Edwards and any additional consolidation in the transactional applications market. Competitive advantage does not come from transactional automation or the latest EAI infrastructure offerings. Instead it comes from leveraging data assets from the transactional systems into actionable information to improve Performance Management.” Source: Intelligent Enterprise, Oracle-PeopleSoft Circus Provides Invaluable Opportunity, Mark Smith, SVP Research of Ventana Research – July 11, 2003.
“We see our customers create tremendous value by leveraging their existing investments in ERP systems,” said Pete Cittadini, president and CEO of Actuate Corporation. “Our core business is to enable Global 9000 companies to transform transactional data into valuable information. Imperative to achieving this goal is applying Business Intelligence capabilities to ERP systems through scalable Information Applications that allow a broad set of audiences to respond quickly to a dynamic business environment.”
"We use PeopleSoft as the standard for financial management, human resources, benefits, payroll and alumni and donation systems,” said Luana Jursza, Director of Information Technology Services, York University. “But the report lifecycle for just the financial suite of management reports took seven days. The process was not automated and the report security was not flexible. By leveraging Actuate’s Business Intelligence technology solution, we are able to deliver critical business reports, such as operating statements for financial and staff resources in a timely, secure manner via the web.”
"Our current PeopleSoft Financials application allows doctors nationwide to have trouble-free access to budget and expense data to manage grants,” said P.J. Clark, Director of IT Operations for Henry M. Jackson Foundation for the Advancement of Military Medicine, Inc. “Now, with Actuate's integration to our existing PeopleSoft investment, we are able to provide doctors with immediate access and visibility into data such as project summaries, expenses, open purchase orders and requisitions in a timely manner as reports via the Web. As a result, doctors are now able to manage their projects with added efficiency and stay within budget."
Actuate provides software to more than 3.5 million BIRT developers and OEMs who build scalable, secure solutions that save time and improve brand experience by delivering personalized analytics and insights to over 200 million of their customers, partners and employees. Actuate founded and supports BIRT – the open source IDE – and develops BIRT iHub™ – the world-class deployment platform – to significantly improve productivity of developers working on customer facing applications. Actuate's BIRT Analytics™delivers self-service predictive analytics to enhance customer engagement using Big Data. The Actuate Customer Communication Suite™ empowers organizations to easily transform, process, personalize, archive and deliver high volume content and individualized correspondence. Actuate is headquartered in Silicon Valley with more than 5,000 enterprise customers in financial services, technology and government. Visit actuate.com and developer.actuate.com.
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