Column5 Consulting Partners with UBmatrix for XBRL Solutions to Help Companies Meet Reporting Needs

Dec. 16, 2009 - PRLog -- Phoenix, AZ – Column5 Consulting, a global leader in Enterprise Performance Management (EPM) consulting, today announced a partnership with UBmatrix to provide XBRL solutions to customers of SAP BusinessObjects Planning & Consolidation (SAP BPC).

XBRL (eXtensible Business Reporting Language) facilitates the preparation, publishing and automatic exchange of financial statements – and provides greater accuracy, reliability and transparency in financial reporting.  The US Securities and Exchange Commission, the FDIC, and a host of other regulators including the European Central Banking Supervisors have chosen to have companies report using XBRL for these reasons and to make financial reporting consistent across public companies and financial institutions.

Column5 is a leading consultancy in the implementation of SAP BPC, which provides organizations with a unified platform for planning, forecasting, and financial consolidation and reporting.  UBmatrix provides a market leading software suite that enables the use of XBRL in the global enterprise. As a result of this partnership, Column5 consultants will be fully trained and able to implement XBRL reporting solutions for SAP BPC customers.

“Our partnership with UBmatrix enables us to offer a more complete financial reporting solution to our customers, especially publicly held companies who need to comply with regulatory requirements for external reporting,” stated David Den Boer, CEO of Column5. “The combination of their market leading software and our top consulting expertise in SAP financial reporting systems enables companies to reduce the cost of their reporting processes and have confidence in their results.”

”We are excited to be working with Column5 to help meet the needs of customers,” said Steve Levine, CMO of UBmatrix. “Our experience is that customers are more successful with their XBRL reporting initiatives when they work with a qualified partner who can help them get up to speed.”

About Column5 Consulting

Column5 Consulting is one of the fastest growing consulting organizations in the EPM market, offering comprehensive professional services that equip finance managers and CFOs to dramatically improve how they plan and manage their businesses.  The company is one of SAP’s leading Enterprise Performance Management partners, supporting solutions such as BPC, PCM, SSM, S&OP, and BusinessObjects BI. Column5 consultants have helped more than 350 organizations use these leading EPM tools to develop planning, budgeting, reporting, consolidation, and other management applications.  Headquartered outside Phoenix, Arizona, Column5 has presence in Los Angeles, New York, Chicago, San Francisco, Seattle, Denver, Las Vegas, Atlanta, Dallas, Houston and London.  More information is available at www.column5.com  or by emailing info@column5.com.

About UBmatrix

UBmatrix, Inc. is the leading provider of XBRL-based information exchange solutions for global organizations and enterprises, allowing them to more efficiently and effectively address the challenges of business and financial information management, exchange, and reporting. XBRL is fast becoming the standard for financial information exchange and reporting demonstrated by the XBRL programs being driven by the SEC, FDIC, and the European Central Bank Supervisors. UBmatrix XBRL solutions increase operational efficiency and financial transparency, and ensure reporting accuracy and regulatory compliance. UBmatrix is based in Silicon Valley with development centers in Bellevue, WA, and New Delhi, India. For further information, visit www.ubmatrix.com.

SAP BusinessObjects Planning & Consolidation (BPC), as well as its respective logos, are trademarks or registered trademarks of SAP AG in Germany and in several other countries around the world.