Skip navigation
Skip navigation
You are using an outdated browser. Please upgrade your browser.


Elevon Announces New Product: Release of Version 1.0 of Elevon Active
Financial Planning - Real-Time Budgeting, Planning and Forecasting to
Support the Real-Time Enterprise

"It is an innovative new entry in the financial analytic applications sector
featuring rich process support, integration with unstructured data, and
excellent use of Microsoft's Analysis Services." IDC

29 May 2002 - Elevon, Inc. (OTCBB:WALK), a global provider of advanced
business solutions in the areas of collaborative commerce and knowledge
management, has announced the release of a new product - Elevon Active
Financial Planning Version 1.0, their next generation budgeting, planning
and forecasting application. Elevon Active Financial Planning has been
built specifically to provide continuous and collaborative, real-time
budgeting, forecasting and planning for companies moving toward the concept
of the real-time enterprise.

Elevon Active Financial Planning is the next generation solution for
enterprise planning and forecasting that blends simplicity and rich
functionality. Designed by financial professionals who understand the
complex requirements of budgeting and forecasting, Elevon Active Financial
Planning allows companies to monitor, measure and adjust their time
sensitive business plans and real-time data to support their corporate
goals, targets and strategies.

"Elevon's staff and experience in financial departments, from its previous
life as Walker, has allowed it to introduce a product that is much more
robust than one would expect from a version 1.0," said Kevin Scott, senior
analyst with AMR Research in the AMR Research Alert, May 2, 2002. "Elevon
Active Financial Planning's Web architecture, user interface, analytics, and
ability to support rolling forecasts for continuous planning match AMR
Research's vision for the next generation of financial planning

"Analytic applications should go beyond reporting, but should guide users
through the steps in a business process," said Henry Morris, vice president
for applications and information access at IDC. "Elevon's Active Financial
Planning provides such guidance via a structured workflow. It is an
innovative new entry in the financial analytic applications sector featuring
rich process support, integration with unstructured data, and excellent use
of Microsoft's Analysis Services."

The new features in the release of Elevon Active Financial Planning Version
1.0 is built on current capabilities that help companies drive profitability
and achieve competitive advantage.

* Real-time budget and forecast updates with immediate aggregation for all
to see

* Anywhere, anytime participation by management at all levels allows access
to key planning and forecasting knowledge to be shared via the internet or
corporate intranet

* Zero client web based and centrally managed architecture facilitates low
cost of deployment and low cost of ongoing maintenance, training and support

* Comprehensive change tracking that provides insight into who changed
business plans, why they changed and when they changed

* Line Item Detail that brings transparency to all as to how the budget
numbers were derived, reasoned and rationalised

* Support for enterprise wide collaboration, improving cross departmental
accountability and responsibility in matrix and hierarchal organisations

"We are pleased to announce a unique offering in the budgeting and planning
marketplace with the Version 1.0 release of Elevon Active Financial
Planning. Improving overall operational performance by getting
cross-discipline decision makers to collaborate and reach consensus is one
of the most demanding challenges facing the enterprise," said George
Hadgraft, director of marketing for Elevon. "Elevon Active Financial
Planning has the workflow and process control elements needed to co-ordinate
and manage data entry, enable negotiation and collaboration and provide
budget and re-forecasting iterations in a single web application.
Stakeholders can now work collaboratively together to reduce budget and
re-forecast cycle times and increase the accuracy and accountability of
business plans."

"We believe that Elevon Active Financial Planning is the most sophisticated
and technologically advanced planning and forecasting solution available in
the marketplace today," said Roger Llewellyn, Elevon's Managing Director
EMEA: "We have leveraged the many years of analytical experience we have
inside the Company, and implemented this experience along with the latest
technologies from Microsoft to create this advanced solution. The knowledge
management marketplace is vast, and most of the competition uses old
technologies with outdated business process support. The introduction of
Elevon Active Financial Planning presents Elevon with some exciting growth
potential going forward."

- ends -

About Elevon

Elevon, Inc. (OTCBB: WALK), headquartered in San Francisco, is a leading
provider of advanced business solutions in the areas of collaborative
commerce and knowledge management. Over the last three years, Walker
Interactive Systems, Inc., now doing business as Elevon, Inc., has been
extremely successful providing e-business solutions to Global 2000
organisations. After working extensively with these leading organisations,
Elevon has identified the need to deliver collaborative solutions that
extend beyond the four walls of the enterprise.

Elevon calls this Collaborative Synergies. Elevon is elevating
collaborative commerce to the next level and elevating your company's
performance. More information about Elevon is available at

(c) 2002 Elevon, Inc. All Rights Reserved. Elevon, Elevon Active Financial
Planning, and Collaborative Synergies are trademarks of Elevon, Inc. All
other brand and product names are trademarks of their respective owners.

For additional information contact:
Susan Morgan Clare Frost
Elevon Elevon
Tel: 01296 505253 Tel: 01296 505267
email: email:

This press release was distributed by ResponseSource Press Release Wire on behalf of Cedar Software Ltd in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit