To: BigTex who wrote (6789 ) 9/2/1999 8:58:00 PM From: Spark Respond to of 19297
Here's one nobody just about knows...but is involved with some good lookers... September 02, 1999 17:56 Gentia's Balanced Scorecard Partnership Powers Financial Decision-Making New Agreement Gives Financial Sector More Management Muscle BOSTON, Sept. 2 /PRNewswire/ -- Gentia Software (Nasdaq: GNTI) and FlexiInternational (Nasdaq: FLXI) have entered into a strategic partnership to create a balanced scorecard solution for the financial services industry. Gentia and FlexiInternational will integrate the Renaissance Balanced Scorecard powered by Gentia into Flexi's Scorecard suite of financial management applications. Recent studies indicate that interest in balanced scorecard products for strategy management is reaching record levels and that the financial community represents a core audience in need of a powerful strategic tool. The Gentia/Flexi partnership presents an opportunity for effective strategy implementation and improved profitability for customers in the financial sector by combining Flexi's industry expertise and best-in-class financial management applications with Gentia's market-leading Balanced Scorecard solution. "Balanced Scorecard technology will be a real performance boost for the financial segment," stated Frank Grywalski, Chief Operating Officer of FlexiInternational. "Our customers have been demanding an integrated solution for closed-loop processing of operational and financial transaction details. The FlexiScorecard will provide users with the ability to develop key performance measurement and strategic formulation and evaluation processes, which is expected to favorably impact the bottom line." "Making accurate management decisions is mission critical for financial institutions," said Martin McCann, Gentia's Vice President of Worldwide Marketing. "The partnership with FlexiInternational and the use of the Renaissance Balanced Scorecard powered by Gentia will arm financial organizations with the most powerful strategy management tool available." Key product benefits include unlimited multi-currency reporting, full Euro support, risk and client analysis, workflow and electronic approval and advanced management reporting. Gentia will train FlexiInternational consultants on all of its analytical applications and products, including the Renaissance Balanced Scorecard and the Gentia platform for building and deploying analytical applications. About Gentia Software Gentia Software (Nasdaq: GNTI) is a leading supplier of intelligent analytical applications that sustain and improve business performance. Its integrated portfolio of software applications, incorporating the expertise of world-class consulting partners, supports strategy management, performance measurement and operational analysis. For more information, visit www.gentia.com or call: 1-888-4GENTIA (United States), +44 (0) 280 971 4000 (Europe). About FlexiInternational Based in Connecticut, FlexiInternational Software, Inc. develops and markets the Flexi Financial Enterprise Suite, a suite of financial management applications, offering centralized processing and analysis of enterprise financial data. The Flexi Financial Enterprise Suite, which includes FlexiFinancials, a robust, fully integrated line of accounting applications and related tools, provides sophisticated financial and analytical capabilities, as well as flexible information access and decision support for the financial services and mid market. Visit the company's Web site at flexi.com . SOURCE Gentia Software /CONTACT: Andy Oliver of LEWIS P.R. Inc., 619-702-5571, or andyo@lewispr.com, for Gentia Software; or Analyst Info, Julie Creed, 312-640-6724, General Info, Kelly Lofts, 212-661-8030, or Media Info, Claudine Cornelis, 212-661-8030, all of The Financial Relations Board/ /Web site: flexi.com / /Web site: gentia.com / (GNTI FLXI) GENTIA SOFTWAREADS - GNTI Price 2 1/16 Net Change -1/16 Volume (000) 14 Day High 2 1/8 Day Low 2 1/16 FLEXIINTERNATIONAL SOFTWARE - FLXI Price 11/16 Net Change 0.00 Volume (000) 115 Day High 11/16 Day Low 19/32 as of 09/02/99 20:34 PM EDT