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Standard Chartered selects Applix for financial reporting

16 May 2007  |  1866 views  |  0 Source: Applix

Applix (NasdaqGS: APLX), a leading business analytics software solutions provider, today announced that Standard Chartered Bank, an international bank with China regional headquarters in Shanghai, has selected Applix for its business performance management needs, including financial management reporting.

Standard Chartered Bank is listed on both the London Stock Exchange and the Hong Kong Stock Exchange and is consistently ranked in the top 25 among FTSE-100 companies by market capitalisation. Standard Chartered has a history of more than 150 years in banking and operates in many of the world's fastest-growing markets with an extensive global network of over 1,400 branches (including subsidiaries, associates and joint ventures) in over 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas.

Given that the reporting is an elaborate business, Standard Chartered Bank needed a solution that simplifies rather than complicates the management reporting activities. They turned to Applix because it is easy to use, to implement and to maintain, enabling greater integrity and structure around key reporting requirements for their China operations.

"Applix delivers the flexibility, performance and scalability global corporations require - all on a single platform that can be deployed quickly," said Jay Howald, vice president, Asia Pacific Region, Applix, Inc. "Standard Chartered Bank joins our roster of more than 3,000 companies that are using Applix to simplify and streamline their business analytics, and, based on Applix's record for ease-of-use, I'm confident the company will increase efficiencies and performance immediately."

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