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Bitam Adds Ektos Financial, Raising the Bar for Mid-Market BI & EPM

MEXICO CITY, ATLANTA, and MADRID, Spain, Nov. 8 /PRNewswire/ -- Bitam, a Software 500 company and global provider of Business Intelligence (BI) and Enterprise Performance Management (EPM) solutions for companies of any size, announces Ektos Financial Planning, an extension of the Bitam suite, with functionality within two modules, Budgeting & Forecasting and Consolidation. Ektos is a component of the Bitam suite, which is developed and delivered as a single, comprehensive software system for BI, EPM, and Business Performance Management (BPM). Bitam's ability to meet industry needs, with comprehensive functionality and exceptional pricing, indicates clear vision of the market, development expertise, and management execution across the company.

MEXICO CITY, ATLANTA, and MADRID, Spain, Nov. 8 /PRNewswire/ — Bitam, a Software 500 company and global provider of Business Intelligence (BI) and Enterprise Performance Management (EPM) solutions for companies of any size, announces Ektos Financial Planning, an extension of the Bitam suite, with functionality within two modules, Budgeting & Forecasting and Consolidation. Ektos is a component of the Bitam suite, which is developed and delivered as a single, comprehensive software system for BI, EPM, and Business Performance Management (BPM). Bitam's ability to meet industry needs, with comprehensive functionality and exceptional pricing, indicates clear vision of the market, development expertise, and management execution across the company.

"Bitam's Ektos Financials gives companies the comprehensive, consolidated view to take them to the next level of growth and performance," said David Abdo, CEO of Bitam. "Our solutions give customers power over their data, elucidating insight, establishing visibility, enforcing accountability, and enabling timely decision-making. Ektos Financial is delivered with a module for Planning & Budgeting and a second for Consolidation – all at the base price, along with pre-defined dashboards that provide greater visibility into financial processes."

With Ektos, financial planning or analysis begin faster and move farther. Bitam adds built-in sets of business measures, both managerial and operational, for departmental planning and projection, portal and dashboard creation, reporting, ad hoc query, or alerting. Ektos frees up IT staff and users, keeps data valid better than a spreadsheet, imposes no user limits, and consolidates different currencies. Departments and entire companies build custom dashboards that incorporate proprietary business metrics and key performance indicators (KPI), then visualize actual performance against plan with graphs and charts for clear presentation. Customers implement best practices in analyzing corporate performance with balanced scorecards, six sigma quality, or economic value added (EVA).

Bitam's solutions are famous for quick deployment, low life cycle cost, and high rates of user adoption. Technical features distinguish the software, such as SOA architecture, interoperable dashboard and scorecard components, and multi-platform support across Microsoft, Unix, and Linux operating systems (OS). The architecture offers a single metadata layer integration across all products for one-time definition of variables, dimensions, metrics and alerts. Competitors force you to have different variable definitions for each different metadata layer in each product they bought and bolted on. For users, the "You Drive" features integrate search with a redesigned user interface (UI) for better data visualization, personalization, and simplicity.

Ektos Financial Planning is further proof of Bitam's commitment to comprehensive functionality, delivering more capability and innovation with every release. Seamless software development provides designed-in security, across the suite. Fuller functionality, and the try-before-you-buy program for OEM partners, reduce risk and make Bitam truly affordable.

About Bitam

Bitam is a global provider of Business Intelligence (BI) software solutions for Enterprise Performance Management (EPM). BI software powers the metrics that enable performance reporting, governance, and accountability data that are specific to the business and measure Key Performance Indicators (KPI) or business-critical goals. Bitam software offers the high functionality expectations of organizations of any size and the requirements of Value Added Reseller (VAR) and OEM software developers. The solutions are known for rapid deployment, a higher rate of adoption by users, low implementation risk, lower costs, less training required, and wide acceptance by the international operations of companies of all sizes. Bitam serves more than 1000 customers in 18 countries, such as Black & Decker, Coca-Cola, GNC, Home Depot, Janssen, Johnson Controls, Pemex, Pfizer, and government customers. Please find us on the Web at http://www.bitam.com.

For more information, contact: Becky Boyd MediaFirst PR – Atlanta (770) 642-2080 becky@mediafirst.net

SOURCE Bitam

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