Company teams with OLAP Office, Inc. to deliver fast and flexible Excel-based financial data collection and reporting from enterprise systems

HOUSTON, Convergence 2012 – Mid-market enterprise software developers iQ for Business and OLAP Office announced today they have teamed to extend Business Intelligence to the finance department. The new software offering, iQ Budgeting and Planning allows financial personnel to interact with enterprise resource planning (ERP) and business intelligence (BI) systems, delivering the “one version of the truth” often sought, but rarely delivered across enterprise data repositories.

“Budgeting and planning are critical processes that affect the entire enterprise,” said iQ for Business president Ray Major. “Unfortunately, they’re rarely integrated with the other mainline enterprise systems leading to multiple sets of numbers that don’t match and creating a whole new set of problems. Adding OLAP Office’s financial tools to our BI suite eliminates that problem. Now everyone can work with and act on the same data set,” Major said.

The new solution works by giving financial personnel direct access to data that normally requires multiple steps or inter-departmental requests to acquire. The iQ for Business DataServer aggregates information from disparate enterprise tools like ERP and CRM systems, and the OLAP Office technology lets users access it from the familiar environs of Microsoft Excel. Because iQ Budgeting and Planning provides complete data extraction and write-back functionality, financial processes, workflow and data never fall out of step with other enterprise systems.

“Our goal was to fill in a glaring gap in business intelligence systems by giving finance staffers access to the same data the rest of the enterprise is using to make decisions,” Major said. “With a familiar Excel-based interface and full write capabilities in an out of DataServer, we think iQ Planning and Budgeting accomplishes this quite nicely.”

The iQ Planning and Budgeting module for the iQ for Business BI suite is available immediately. For more information, contact iQ for Business via telephone at (858) 565-4238, via email: info@iqforbuinsess.com, or on the web at web: www.iqforbusiness.com.

About OLAP Office
OLAP Office™ is a niche provider of fast, efficient, management solutions through OLAP (On-Line Analytical Processing) technology. The company, a leading team in this field internationally, is focused on the design, implementation, training and support of Microsoft’s Analysis Services (OLAP) solutions to a world-wide client base. OLAP Office consultants have been involved in the OLAP market since early 1991 and have worked with numerous leading OLAP products. For more information, contact tel: +1 (919) 213-1110, email: olapsoftware@msn.com, web: www.olapoffice.com.

About iQ for Business
iQ for Business is a global provider of information discovery and business intelligence systems tailored for small and mid-sized enterprises. Developed to leverage common business software systems and open technologies, iQ for Business frees non-technical users to do their own data-mining, analysis and reporting without relying on IT staff or proprietary applications. A web-based platform, iQ for Business can be accessed via any device – desktop, laptop or mobile – with nothing more than a web browser. Founded in 2008, iQ for Business is headquartered in San Diego, California, and maintains European and Asia-Pacific regional offices in Germany and New Zealand. For more information, contact iQ for Business at tel: +1 (858) 565-4238, email: info@iqforbusiness.com, web: www.iqforbusiness.com