The time is ripe for SAP BPC and CXO-Cockpit!
“We have established our footprint in the financial reporting market by focusing entirely on Hyperion customers for the past 4 years” continues Marcel Vlug. “Our customer base and our organization has grown steadily over that period and we are now ready to branch out into other markets says Marcel Vlug.
The main reason for us to enter the SAP BPC market is simple says Wouter Born, COO at CXO Solutions:
1) The technology we use underneath the CXO-Cockpit is exact similar to the technology of SAP BPC, namely Microsoft technology.
2) Looking at the current reporting tools on top of SAP BPC we see a similar situation as with Hyperion. Predominantly, excel is the Reporting tool of choice for SAP BPC customers. We are convinced that if BPC customers want mobile access or just plain simple web-based and/or highly graphical output, the alternatives are expensive and simply not adding any value. SAP BPC customers can either try BO or Xcelsius, and we are convinced that neither of these tools will satisfy their financially driven reporting needs.
Point of Entry in the SAP BPC Market:
Our best point of entry in the SAP BPC market will be via specialized SAP BPC partners who have strong relationship with their customers. If they believe that delivering true business value to their customers at a reasonable price is the way forward, they will clearly see our value proposition and we are sure we will be able to work together on that basis. Furthermore, we will focus our main efforts on those SAP BPC users that are not “wall-to-wall SAP only” customers.
Value of CXO-Cockpit:
We want to conclude this press release with 2 customer quotes about the value we deliver with our web-based Reporting and Analysis platform:
CEO of ESE World René Wolfkamp quotes: “with this iPad app I can have access to all the important Hyperion financial data anywhere and anytime. Knowing that the information is always available and correct, adds incredible value to my day to day business. Especially when I am travelling, but also during my meetings with fellow board members, shareholders and other stakeholders of our company”.
“Besides the value of the iPad app for our board members, CXO-Cockpit has helped us to shorten our reporting cycle drastically, whereby we are able to save time and money, and produce our key periodic financial data much quicker. For instance the possibility for our entities to add their comments in CXO-Cockpit and not in separate reports, has considerably shorted the time to prepare our monthly overviews”, says Joop Visscher, controller at ESE World.
For more information and live demo's please visit the SAP BPC landing page on our web-site via: http://www.cxo-
Contact: Wouter Born, COO at CXO Solutions. +31 88 238 0842. www.cxo-cockpit.com
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About the CXO-Cockpit Community:
CXO Solutions delivers the CXO-Cockpit in a concept of co-creation. Its development is based on the best practices approach derived from the CXO-Cockpit Community. The CXO-Cockpit Community is a network of CFO’s, finance professionals from large organizations and University professors sharing their best practices for presentation of financial data. The Community ultimately drives the further development of the CXO-Cockpit.