Cartesis has launched Magnitude 8.3 to provide CFOs with a new level of financial analysis and scalability. The product provides much needed peace of mind at a time when two-thirds of CFOs report a lack of confidence in their financial data.

The solution includes significant new features which allow deeper, richer access to data, providing executives with the full story behind the numbers. The improvements delivered by multi-Web server and cluster support, ensure that CFOs can regain confidence in their reporting cycles – at a time when ever more rigorous regulatory requirements are being placed upon them. These new requirements not only place an added burden on the CFOs to report accurately and on time, but also force them to demand that business performance management systems are as reliable as other mission critical applications.

With Magnitude 8.3, CFOs get a system that can process and analyze the vast amounts of complex data that multinational organizations need and rely upon, without their teams having to work longer and harder to get the job done.

"Our software enhances the ability of both financial and non-financial users to analyze accounts, while having greater confidence in the generation of financial figures," said Marie-Noelle Gauthier, CEO of Cartesis. "This new version of Magnitude provides a truly multi-multi- dimensional view of the business, so companies can analyze performance in any way simply and easily. This, combined with the ability to tell them why things have happened (instead of just that they have) makes it a compelling and reliable tool for today's business environment."

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