LATEST VERSION OF APPLIXS TM1 OFFERS
ESCAPE FROM 'SPREADSHEET HELL'
TM1 Adds New Components to Make Microsoft Excel
the Best Solution for Planning and Analysis
ORLANDOBOSSMAY 11, 2004 Applix, Inc.
(Nasdaq: APLX), a global provider of Business Intelligence
(BI) and Business Performance Management (BPM) software solutions, today
announced the newest version of TM1, version 8.3, with interactive features specifically design for
planning and reporting. TM1s latest features build on its tight Excel integration and offer improved application management.
Customers also rely on TM1 for real-time, what-if analytics, low total cost of ownership, and integration
with enterprise applications such as general ledger, Enterprise Resource Planning (ERP) and Customer Relationship
Management (CRM) systems.
The new version of TM1 brings greater organization to Excel spreadsheets
and workbooks providing users with an
escape route from spreadsheet hell. TM1 Web also leverages
Excel and employs these new functions. Therefore, this
release provides the foundation for Excel to serve as the most
sophisticated and feature-rich solution for planning and analysis.
Today's economy requires financial savvy at all levels of
the business, said David Menninger, vice president,
worldwide marketing, Applix, Inc. With an estimated 150
million registered users of Excel, it is clearly the tool of
choice for managing numerical information. With this in mind,
weve strengthened TM1s powerful backend analytics
technology with the most widely accepted financial management
tool Excel. This combination enables businesses
to leverage the ubiquity of Excel by using it as a vehicle for
better understanding financial and operational details
in the budgeting and planning processes.
TM1's Application Organizer
Excel spreadsheets and workbooks can be unwieldy to manage, so
Applix has developed specific components to
streamline and organize Excel documents. This feature allows users
to create folders in TM1 (just as one creates
folders on a file server) and associate cubes, dimensions, calculation
rules and Excel files for a linked trail of
information. The organizer also provides folder-level security,
enabling administrators to set and enforce policies
on viewing and changing plans and budgets. In today's world of
compliance and regulations, security policies are
vital to enabling accurate auditing.
Enabling Excel to be an Interactive Planning and Reporting
Tool
The newest version of TM1 adds user-driven features that enhance
the use of Excel as a BI tool.
These new features are supported in both TM1 and TM1 Web:
- Drill up/drill down capabilities to expand and
contract consolidated cells
- A TM1 toolbar in Excel to access planning and reporting functions
- The ability for Excel users to access TM1 via the Web
- Report printing directly from Excel.
Users can access data much more efficiently and the dynamic
slice is exceptional. This version will significantly reduce Excel file maintenance. If you know Excel, using TM1 is
a piece of cake, said a TM1 manager at a major North American insurance company.
TM1 presents all its information directly in Excel, via individual
desktops or via the Web. TM1 is the only solution that publishes Excel worksheets to the Web while also enabling
authorized users to change the data via the Web. All changes made in Excel or via the Web are captured and recorded
in the TM1 server, giving companies a "single version of the truth."
The most effective business intelligence tools provide a seamless
experience for users. To do this, the user interface must allow users to query, analyze, forecast and reforecast data
at the speed of thought as well as enable users to collaborate with colleagues in a casual or structured (i.e., workflow)
fashion, whatever the process dictates, said Wayne Eckerson, director of research, TDWI.
Applix TM1 has always been a user-friendly tool with a robust
Excel interface. The next version of the product extends its ease of use with better Excel integration.
Added Support for ODBO
TM1 now offers added support for ODBO (OLE DB for OLAP), which will
ease integration between TM1 and other
data sources such as Microsofts Analysis Services and SAP
Business Warehouse, for a comprehensive business performance management solution. By linking multiple data sources
into one planning and analysis tool, companies can get a more complete view of operations and financials
which arms them with the information to make more strategic, more relevant decisions about the business. This ODBO
interface was used to integrate TM1 and Microsoft's Reporting Services (see press release ). This integration further extends the benefit of business performance management throughout the enterprise.
Availability and pricing
TM1 8.3 is scheduled to be available end of June, directly through
Applix or any of its authorized solution partners. For a complete list of solution partners by vertical and geographical
specialization, please visit: Pricing starts at $25,000 for five concurrent users.
About TM1 and TM1 Web
Applixs TM1 is a proven, multidimensional analytics platform
for powering strategic analysis of financial, transactional, operational and other business data. TM1 has been
named as a leader in the tools category of the Beyond the Hype Webcast from BPM Partners and Business
Finance Magazine and scored the highest rating in goal achievement and performance in Nigel Pendse's OLAP
3 Survey (www.survey.com/olap).
TM1 Web, introduced in September 2003, uses Applix's BIshareTM technology.
It is the first application from a major BI vendor that allows users to quickly and easily create
real-time Web-based worksheets or Websheets directly from within Microsoft Excel, allowing users to share enterprise
data and facilitating forecasting, planning and budgeting through what-if analyses.
About Applix
Applix (NASDAQ: APLX) is a global provider of Business Intelligence
and Business Performance Management solutions. Based on the TM1 platform, these solutions for budgeting,
planning and forecasting, enable the continuous management and monitoring of performance across the financial
and operational functions within the enterprise. More than 1,700 customers worldwide use Applixs adaptable,
scalable and real-time solutions, delivered by Applix and by a global network of partners, to manage their business performance
and respond to the marketplace in real-time. Headquartered in Westborough, MA, Applix maintains offices
in four countries in Europe, North America and the Pacific Rim. For more information about Applix, please
visit .
This news release contains forward-looking statements that involve
risks and uncertainties. Forward-looking statements in this document are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results
are only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute
to such differences include without limitation, competitive pressures, changes in customer demands, adverse economic conditions,
loss of key personnel, litigation, potential fluctuations in quarterly results, lengthy sales cycles, market acceptance
of new or enhanced products and services, factors affecting spending by customers and other risks, uncertainties and factors
including those described in the Company's Annual Report on Form 10-K for the year ended December 31, 2003 under the
heading "Risk Factors" and its most recent Quarterly Report
on Form 10-Q under the heading "Factors That May Affect Future
Results." The forward-looking statements provided by the Company in this press release represent the Company's views
as of the date of this release. The Company anticipates that subsequent events and developments may cause the Company's views
to change. However, while the Company may elect to update these forward-looking statements at some point in the
future, the Company specifically disclaims any obligation to do so, and these forward-looking statements should not be relied
upon as representing the Company's views as of any date subsequent to the date of this release.
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