DAYTON, Ohio – Teradata, a division of
NCR Corporation (NYSE: NCR), today announced its expansion of the financial subject areas, or domains, in all of its industry Logical Data Models, enabling more comprehensive, enterprise-scale analytical solutions across financial management functions. In addition to the general ledger, the new domains will give business users access to more details within underlying subledger systems for more actionable insight, decision support and control on matters affecting the business and its performance.
The new domains by subject area include accounts receivable, accounts payable, procurement, fixed assets and project accounting. The expanded industry Logical Data Models fully comply with all Teradata modeling standards and can be fully integrated with existing financial subject areas as well as nonfinancial subject areas. The new financial management subject areas will be available in the fourth quarter of 2005.
"Teradata's logical data models, with broader finance subject areas, should help companies integrate financial information with customer and supply chain data – a necessity as companies push to connect the dots between operational performance and financial impact," said John Hagerty, AMR Research, in "Teradata Extends Financial Data Model Beyond GL," AMR Research Alert, Sept. 19, 2005.
In response to internal and external pressures, such as increased regulations and cost reductions, many finance organizations are changing the way they operate. More than ever, the finance organization must serve as a strategic advisor to the business and, to do this, needs to simplify, centralize, and standardize systems, processes and data. Of the three, data is the easiest to tackle, and industry Logical Data Models accelerate data access and analysis for business users.
"Teradata's industry Logical Data Models link data across financial domains and enable analytics by extending that link to customer and operational data," said Jamie Smith, director of business intelligence for Limited Brands, a leading retailer with 3,800 stores and six fashion brands.
"With these new enhancements Teradata can jump-start implementations by rapidly delivering a detailed, enterprise view of data to support the analytical needs of the company," said John Dinning, Teradata vice president, solutions marketing and alliances. "By integrating a company's ERP and other financial system data, Teradata's Financial Management solution enables the chief financial officer to provide strategic analysis to the business that can improve financial results."
Combining operational insights with traditional financial metrics strengthens the CFO's ability to strategically influence the evolution of the company business model.
The Teradata Financial Management Solution is supported by the power of Teradata and its partners, such as DecisionPoint Software and Hyperion, the leader in business performance management, offering complementary tools, applications and services.
About Teradata Division
Teradata,
(www.teradata.com) a division of NCR Corporation (NYSE: NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services. Organizations around the world rely on the power of Teradata's award-winning solutions to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata® data warehouses and IT services provide Relationship Technology™ solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR
(www.ncr.com) employees approximately 28,300 people worldwide.
# # #
NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
