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New version of subsidiary management solution provides improved handling, integration and collaboration

Darmstadt, June 03, 2004 – MIS AG has recently released MIS Package 2.0. This application for subsidiary management allows decentrally organ-ized companies to consistently merge, present and exchange business-relevant data and structures. MIS Package's outstanding strength is its ability to convert key information from heterogeneous local systems into homogeneous enterprise standards for planning, reporting and analysis. This helps streamline reporting processes as well as harmonize internal and external reporting. MIS Package accelerates processes – especially in SAP environments – and connects different subsystems together in a standardized architecture.

New commenting and scaling functionalities
MIS Package Version 2.0 impresses with improved user guidance, the out-come of an optimized user interface and an innovative navigation concept.

The new release succeeds in adding qualitative aspects to the reporting process. By storing supplementary information, users can now analyze variances, plan measures or describe complex facts more easily and effec-tively.

Scalability has also been enhanced in the new version. MIS Package is now available as a stand-alone environment, client-server application or as part of a central solution (server-based computing). These options can be combined in projects, allowing each company to flexibly connect several hundred users. The enduring consistency of the overall system is guaran-teed by means of centrally controlled online updates that increase system's technical availability.

MIS Package 2.0 helps central departments deliver detailed information required by IFRS/IAS standards (segment reporting, inter-company rela-tionship matching) for financial consolidation.


MIS Package 2.0 supports internal and external reporting.

Integration into all common consolidation systems
MIS Package also supports financial consolidation, allowing all relevant information to be transferred from local to consolidated financial state-ments. As a result, central organizations can compare member companies transparently. The merged information can then be further processed in any standard consolidation system, such as MIS Zeus or SAP®ECCS.
Single solution for central and local requirements
MIS Package efficiently meets the requirements of heterogeneous target groups within large organizations. This application gives headquarters the necessary flexibility to implement structural changes and analyze group information, while supporting local entities in complying with corporate re-quirements. Reference customers include: ABX (travel&transport), AR-BOMedia (media), Dorma (manufacturing), Fraport (travel&transport), GEA (metals&electronics), Gerresheimer Glas (manufacturing), Klöckner Moeller (metals&electronics), Nemetschek (high tech), Salzgitter (manufacturing), and E.ON Energie AG (energy).

MIS AG
MIS AG is a leading European provider for business intelligence software and ser-vices. MIS solutions for enterprise planning, risk management, financial consolida-tion and balanced scorecard enable companies to actively understand, monitor and drive business performance. Companies can combine these integrated solutions for comprehensive Corporate Performance Management due to the flexible under-lying software platform, MIS DecisionWare. Professional consulting, training and support guarantee an optimal return on investment.

Over 28,000 decision-makers in 1,300 companies worldwide rely on MIS solutions. In fiscal 2003, the company generated revenues of € 48 million with 460 employees worldwide. For more information visit www.misag.com

This press release was distributed by ResponseSource Press Release Wire on behalf of MIS UK Ltd in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.