PowerPlan Announces Financial Analytic Software to Support Microsoft OLAP Technology
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PowerPlan Corporation, a leading provider of analytical financial and business management software to medium to large corporations, has announced a plan to introduce new capabilities at historically low costs through product development effort targeting Microsoft Corporation's new OLAP technology included in Microsoft SQL Server 7.0.

Controllers, CFOs, executive and operational managers in mid- to large-sized companies seeking to add unparalleled performance, flexibility, and intuitiveness to the processes of enterprise-wide budgeting, forecasting, variance reporting, performance measurement, consolidation and multi-dimensional analysis can do so with PowerPlan.

"PowerPlan delivers a powerful set of analytical and management software aimed at business users," said Steve Murchie, data warehousing and product manager at Microsoft. "Coupled with the OLAP technology being delivered in Microsoft SQL Server 7.0, PowerPlan will be an even more high performance, scalable solution for large enterprises."

"Microsoft's OLAP technology is a pivotal development in financial software industry." states Richard Hu, PowerPlan Corporation president. "Just as Microsoft's SQL database is becoming the accepted standard in mainstream enterprise-wide accounting software packages, its OLAP technology will set the industry standard in financial analytical application software."

According to PowerPlan's informal market research, the level of capability, performance, flexibility, ease of setup, customizability and intuitiveness afforded by incorporating OLAP technology was once only available through proprietary means to Fortune 1000 corporations for multiple hundreds of thousands of dollars.

PowerPlan 4.0 will be available in the fourth quarter of 1998 and will be Windows 95, Windows 98 and Windows NT compliant. PowerPlan also utilizes a four-digit dating system, making it Year 2000 compliant. PowerPlan pricing starts at $26,000 for five users.

PowerPlan Corporation is a technology leader in the middle and upper markets of financial analytic and budget management software, and its product, PowerPlan greatly simplifies the processes of enterprise-wide budgeting, forecasting, variance reporting and multi-dimensional analysis. PowerPlan has established a nationwide network of VARs with distributors in Europe and the Pacific Rim. For more information, see http://www.PowerPlanCorp.com