New York, NY (PRWEB) September 4, 2008
Xtiva Financial Systems, a leading provider of enterprise compensation and reporting solutions for the financial services industry, today announced plans for its next generation financial management and reporting portal. Xtiva chose the MicroStrategy Business Intelligence Platform™ to be included in the industry's first financial-services data enabled business performance management portal.
"Xtiva's business performance management portal is the first industry-integrated approach to truly integrated compensation management, sales performance measurement, institutional client performance management, and business policy management tools to support today's needs for managed solutions to meet a wide range of business, operations, finance, and technology needs. The Xtiva portal combines Xtiva's next generation data consolidation, calculation, and business rules engines with MicroStrategy's leadership in business intelligence into one seamless Software-as-a-Service suite of products. Xtiva's Business Management Portal delivers the industry's most flexible reporting and analytics capabilities; providing our clients with the advanced tools they need to manage their businesses," said Andrew Peterson, VP Technology at Xtiva. "The next versions of our applications, slated for release beginning in Q4 this year, will include material advancements in the way enterprises manage business information for the entire enterprise."
Xtiva's new portal enables clients to:
- Improve the quality and focus of reporting across the enterprise
- Reduce total cost of ownership of advanced enterprise reporting solutions
- Manage revenue and expenses more effectively
- Bridge the huge gaps between regulatory and financial reporting today
"We are pleased that Xtiva selected the MicroStrategy platform to incorporate into its new portal," said MicroStrategy's COO Sanju Bansal. "MicroStrategy's analytical richness and intuitive Web interface provide detailed analysis of granular-level data to help users make more proactive, analytically-based business decisions."
The Xtiva business performance management portal provides full support for revenue and expense consolidation, revenue and expense allocation, compensation management, and unprecedented levels of enterprise reporting.
About Xtiva Financial Systems
Xtiva Financial Systems is a leading provider of Software as a Service (SaaS) solutions for the brokerage industry. Founded in 1998 and co-located in New York City and San Francisco, Xtiva has developed leading technologies that enable retail and institutional broker/dealers to streamline enterprise operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. With over 100 clients and key industry alliances, Xtiva is the leading provider of sales compensation solutions to the brokerage industry.
Xtiva's clients include AXA Advisors, Gunn Allen Financial, H&R Block Financial Advisors, MetLife, New England Securities, , Northern Trust, , Sterne, Agee & Leach and Walnut Street Securities. For more information about Xtiva, visit Xtiva Financial Systems.
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy is available at MicroStrategy.
MicroStrategy and MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries.