Summary

May 27- 2005 - Cartesis has just released ES Magnitude, a consolidation and statutory/management reporting package. Consolidation software has received less attention than it deserves in recent years. One possible reason is almost all Global 2000 organizations already have solutions in place and therefore many consider the category "mature." However, Ventana Research advises companies to take a close look at their incumbent system to be certain their package(s) will enable them to support business initiatives such as accelerating their accounting close, broadening the scope of information used in management reporting, increasing sustainable compliance efficiency and cutting operating costs.