CorVu Joins Forces With Ernst & Young
As enterprises hope to maximize their existing investments in mission-critical information systems and data, more often than not they will look for outside help from application vendors and consultants. With the announcement of an agreement between CorVu Corp.
, a provider of business intelligence (BI) and business performance management solutions, and renowned consulting and accounting firm Ernst & Young LLP
, organizations in need of an integrated financial decision support and customer management solution will not have to look very far.
According to the terms of the agreement, Ernst & Young announced plans to integrate Corvu's Balanced Scorecard and Business Performance Management solution with its CFO Solution Set, a program that provides an integrated data warehousing framework and delivers a broad range of analytic applications for financial decision support and customer management implementations.
For its part, CorVu Balanced Scorecard and Business Performance Management solution is a tool that allows enterprises to leverage mission-critical data and information resources to analyze and administer their internal business processes. Because CorVu's Balanced Scorecard translates strategic and tactical corporate objectives into individual performance measurements, it allows managers to discover business trends, analyze problem areas and test business plans against actual corporate data. According to CorVu, the Balanced Scorecard and Business Performance Management solution enables organizations to adjust and plan for the overall performance of their IT environments by weighing present realities against planned business objectives.
The addition of CorVu's Balanced Scorecard tool to its CFO Solution Set will go a long way towards enabling customers to get a real handle on business performance and execute on strategic business planning, says Mark Zozulia, a senior manager with Ernst & Young. "It is our intent to provide a business performance management solution that enables customers to quantify their business performance, thus enabling them to identify which activities improve operations and drive successful goal attainment," Zozulia maintains. "The CorVu solution is a perfect complement to this framework because it provides our customers with the higher level strategic direction needed to translate company vision into tactical, day-to-day activities."
According to CorVu president Justin MacIntosh, the CorVu/Ernst & Young agreement was prompted by a number of additional factors, including an increasing need among customers to extract greater value from their expensive and time-consuming investments in ERP.
"There is a growing customer demand to transform ERP and transaction processing system data into valuable performance information," MacIntosh acknowledges. "The combination of Ernst & Young's consulting and systems integration expertise and CorVu's proven performance management capabilities offer customers a compelling decision support solution to optimize ERP investments and speed critical business decisions."