Planner goes with Comshare for SQL Server tie-in
Managers at RSA Security Inc. are now able to compare plan vs. actual
performance on a monthly basis through the use of Comshare tools, according to
Dave Stack, the firm's manager, corporate financial planning and analysis.
Since announcing its implementation of the Comshare performance management
software earlier this year, the Bedford, Mass.-based e-security vendor has
reported a 50% improvement in the timeliness of budgeting, forecasting,
planning, reporting and performance tracking, said Stack. The Comshare tools
have been integrated with the Microsoft Windows and SQL Server platforms RSA
utilizes, and are now tied into Excel so managers can extract data from Excel
spreadsheets for the Comshare management applications, as well as update the
Excel numbers, he added.
The integration of the Comshare management tools with Microsoft desktop
applications is a key goal in the implementation, Stack noted.
In other news, the merger of Comshare with Markham, Ontario-based Geac
Computer Corp. Ltd. (http://www.geac.com) is
nearing completion. In August, the two firms announced that Geac's tender offer
succeeded in obtaining 83.5% of Comshare's outstanding shares. The tender offer
needs to gain 90% of the shares by Aug. 11 for the deal to be finalized. If Geac
does not have the additional 6.5% of the outstanding shares by that date, the
merger will require a meeting of Comshare's stockholders to win final approval,
which is expected, according to representatives at both companies.
With the merger, global management software vendor Geac gains Comshare's
tools for budgeting and tracking key expenses and headcount
Rich Seeley is Web Editor for Campus Technology.