SAS strengthens financial transparency capabilities- Enhancing financial management adds enterprise-wide intelligence – CARY, N.C. (June 19 2002) – Investors and regulators around the globe are calling for increased financial transparency to regain market confidence and stimulate the economy. SAS, the leader in business intelligence software, answers that call with its latest version of SAS® Financial Management Solutions. SAS’ quality data analysis and consistency are at the heart of financial transparency. Layer that with multidimensional reporting and forecasting capabilities and any organization has the ability to know the financial health of the organization at any given moment. For example, Cargill, Incorporated, a global leader in food and agriculture, uses SAS Financial Management Solutions for the consolidation and analysis of its legal and management reporting. "By implementing SAS, we're able to consolidate our financial statements efficiently, and handle growth and complexity in our reporting structures without adding staff," said John Rudberg, manager of Financial Reporting Systems at Cargill. "When our year-end reporting is finished, we plan to upgrade to version 3.2 of SAS FMS, which provides exciting new consolidation and reporting capabilities. Because of our longtime relationship, we know SAS will be there to help us make these process improvements." "Our customers, like Cargill, are under increased scrutiny by federal and international agencies to prove their financial stability," said Phil Strand, Manager, Worldwide Strategic Marketing, Financial Management Solutions at SAS. "With SAS’ financial management solutions any company can have the confidence to face the market knowing their data is accurate and reliable and they can make sound business decisions based on that data." About SAS® Financial Management Solutions 3.2
Planning and Budgeting is completely integrated - eliminating redundant data, providing a consistent experience for all users throughout the organization. Management planning allows automated notification regarding process performance, keeping tabs on important issues such as data integrity.
SASÒ Consolidation and Reporting optimizes efficiency and ease of use by taking advantage of the SAS Intelligence Architecture -- the open, end-to-end core of all SAS analytic applications.
Users can now choose between traditional cost allocations or more complex activity based costing methods as a result of the integration of ABC Technologies. Benefits include:
About SAS SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence. SAS solutions are used at more than 38,000 sites – including 99 of the top 100 businesses on the Fortune 500 – to develop more profitable relationships with customers and suppliers; to enable better, more accurate and informed decisions; and to drive organizations forward. SAS is the only vendor that completely integrates leading data warehousing, analytics and traditional BI applications to create intelligence from massive amounts of data. For 25 years, SAS has been giving customers around the world The Power to Know™. Visit us at www.sas.comSAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2002 SAS Institute Inc. Cary, NC, USA. All rights reserved. Editorial Contacts:Bobbi Harris SAS Institute (919) 531-8463 Bobbi.Harris@sas.com www.sas.com/newsroom
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