Business Objects, a provider of business intelligence (BI) solutions, announced the Business Objects Open Financial Applications Initiative. This new global partner program from Business Objects was created to offer customers an open environment for incorporating data from the leading enterprise, financial, and performance management applications vendors into enterprise-wide performance management (EPM)solutions. With this initiative, customers have the flexibility to choose the best-of-breed budgeting, consolidation, financial planning and performance management technologies that best suit their requirements for deploying a robust EPM solution.

The Business Objects Open Financial Applications Initiative encompasses technology integration and marketing activities with each of the program participants. The initial members of the programinclude industry leading enterprise application vendors, PeopleSoft, Hyperion and best-of-breed financial and performance management application providers including ALG Software, Cartesis, Closedloop Solutions, Comshare, Longview Solutions, OutlookSoft, and SRC Software.

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