"The average Fortune 1000 company and certainly a lot of the smaller ones have realized a lot of operational efficiencies through the implementation of ERP [enterprise resource planning] systems," says Bart Foster, President and Chief Executive Officer of DecisionPoint Software, "but the traditional decision-makers - the people who are the consumers of financial or management reporting information - still don't have easy access to the data they need. I always start every meeting asking the customer to talk to me about the problems they have getting access to information. Not surprisingly, this is an hour-long conversation at any company. This is a pervasive problem in business today, but I know it can be fixed at a fundamental, ground-up level, and it can happen in months, not years."
Regardless of industry, location or size of the company, the ability to meet business objectives and comply with regulatory mandates depends upon accurate and complete financial metrics for reporting business results. DecisionPoint Software provides Financial Performance Management software that helps companies consistently monitor, analyze and report on the financial results of operational activities across the enterprise. DecisionPoint previously marketed a packaged approach to data warehousing, but under Foster's leadership, the company has capitalized on the fact that they provide a unique solution and have no direct competitor - an integrated, packaged solution for extracting, modeling and delivering finance-centric data to the enterprise. Foster explains, "What we've done in the last 2 1/2 years is broaden our footprint so we can source from Oracle, PeopleSoft and SAP as well as legacy systems and then focused our value proposition on Financial Performance Management. Let's be very clear that what we do is help finance organizations that supply data both to the government and to the rest of the enterprise do their jobs better. We provide finance, HR and operational data to help those people put in place a performance management system that combines financially focused analytic applications with business intelligence and dashboards or scorecarding."
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