Applix, Inc. (Nasdaq: APLX), a global provider of single platform solutions for Business Intelligence (BI) and Business Performance Management (BPM), today announced commercial banking specialist, ING BHF has selected the Applix TM1 planning, budgeting, forecasting, reporting and analysis solution for their London branch.
ING BH selected TM1 through Applix partner Granville Associations for its reporting and analysis functionality.
Through TM1's integration with Granville Associates' solution, ING BHF has been able to establish a single database to replace a multitude of interlinked Excel spreadsheets used for reporting and analysis. This multi-dimensional capability also means ING BHF can move in and out of interlinked spreadsheets without compromising the master data, improving management reporting and ensuring all analyses and reports use a single 'true' source.
Achim Vogt, chief operating officer, ING BHF London, said, "We chose TM1 after it was recommended to us by colleagues that have used it in our head office in Frankfurt. Our implementation timescale was aggressive, and Applix and Granville Associates were up to the challenge. The tool is also very user-friendly and our staff has been able to learn and develop applications within eight weeks."
ING BHF also needed a way to store a snapshot of their daily open transactions. "Applix TM1 has enabled us to store these snapshots in a separate database in a common format to be analyzed independently," added Vogt.
"TM1 is the BPM solution of choice for many organizations wanting to improve their bottom line and make better informed decisions through real-time analytics. ING BHF is further evidence of this trend, with customers benefiting from rapid implementation, accurate and flexible analysis, and the familiar Excel interface, all made possible by TM1's single platform," said Martin Richmond-Coggan, vice president EMEA, Applix Ltd.