NXRA,PSFT,
Nextera Wins NBC Studios Assignment to Deploy PeopleSoft to Track Costs, Investment Return More Accurately for Individual TV Shows
Latest in a Series of Cutting-Edge Solutions for Big Four Network by Nextera
BOSTON, Mar 15, 2001 /PRNewswire via COMTEX/ -- Nextera Enterprises Inc. (Nasdaq: NXRA chart, msgs), a management consulting firm with deep competencies in economics, strategy, human capital and technology, announced that NBC Studios has chosen its Technology Solutions Group to deploy PeopleSoft's Web-based financial accounting system. The new system will allow the company to more accurately track its costs and return on investment for individual TV shows, an increasingly critical function to NBC Studio's operations.
With the PeopleSoft 8 implementation -- specifically, the General Ledger and Project Accounting modules -- NBC Studios will be able to reduce the number of financial applications used to support operations and improve interfaces among multiple systems for a more seamless flow of data.
"NBC wanted to improve its ability to match revenue with show costs, pinpointing program profitability," said Howard Joyce, a principal in Nextera's Los Angeles office. "We assessed NBC Studios financial operations and proposed this solution to greatly streamline their portfolio of financial applications and enhance their data management, using PeopleSoft as the enabler."
Through its Technology Solutions Group, Nextera brings a proven track record assembling, customizing, and implementing solutions across a wide range of proven software packages such as PeopleSoft. Added Joyce, "NBC Studios chose Nextera because we understand their financial needs and also have the reputation and methodology for application design and execution."
Nextera has completed approximately 20 projects for NBC over the past six years. Other engagements currently under way for NBC involve the design of web-based applications that focus on managing and tracking shows through their product life cycle -- potential syndication. The Nextera-led projects are part of the "Digitization" initiative that is under way by NBC and its parent company, General Electric. They are intended to improve NBC's show and talent management by streamlining reporting, increasing cost efficiency and saving time.
"We are proud to continue and extend our relationship with NBC," said David Schneider, Nextera's president and chief executive officer. "Nextera's comprehensive approach to solving complex problems, coupled with our ability to implement technology, our knowledge of Six Sigma methodology and our experience in financial best practices, make us uniquely qualified to work with NBC."
About Nextera Enterprises
Nextera Enterprises Inc. is a leading management consulting firm that provides integrated solutions for today's most complex business issues. Through its Lexecon Consulting Group, Strategic Services Group, Sibson Consulting Group and Technology Solutions Group, Nextera provides clients with extensive knowledge and experience in economics, strategy, human capital and technology solutions. With more than 500 professionals around the world, Nextera has provided consulting services to more than half of the Fortune 500 companies. The firm has offices in Boston, Cambridge, Chicago, New York, San Francisco, Princeton, Raleigh, Rochester, Atlanta, Los Angeles, London, Sydney and Toronto. More information can be found at www.nextera.com .
This press release contains certain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) relating to Nextera Enterprises that are based on the beliefs of Nextera's management. Any statements contained in this press release that are not historical facts are forward-looking statements. Such statements are based on many important factors that may be outside Nextera's control, causing actual results to differ materially from those suggested. Such factors include, but are not limited to, Nextera's limited operating history, dependence on key personnel, attracting and retaining qualified consultants, new business solicitation efforts, intense competition, risks of acquisitions, regulatory changes, and changes in technology. Further information on these and other potential factors that could affect Nextera's financial and operating results are included in Nextera's 10-K filed on March 30, 2000 and in Nextera's 10-Q filed on November 14, 2000 with the Securities and Exchange Commission.
For more information, contact: Lisa Wahrmund, ext. 211, email, lwahrmund@ctcomm.com, or Liz Warin, ext. 263, email, lwarin@ctcomm.com, both of Corporate Technology Communications for Nextera, 312-832-9300.
Source: Nextera Enterprises, Inc.
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