28 June 2011

Vienna, Austria.

Tagetik and Pmone Partner with Upper Austria University of Applied Sciences


Joint development of a planning model sets new standards

Tagetik, a global provider of enterprise software solutions for Performance Management, Enterprise Governance, Risk & Compliance and Business Intelligence, today announced that, pmOne GmbH Vienna Tagetik’s distributor (www.pmone.at) and Upper Austria’s University of Applied Sciences (www.fh-ooe.at) ‘Controlling, Accounting and Financial Management’ study course, have sealed a long-term collaborative educational and research program. The first step is the development of a model for corporate planning and consolidation, which is based on the University’s existing model.

Due to the volatile market, integrated planning models and scenarios are a key element of successful corporate management. Our model provides this necessary integration – from the individual cost center, product costing and financial planning to the consolidated balance sheet,” says Prof. Heimo Losbichler, Head of the study course ‘Controlling, Accounting and Financial Management’ at the University of Applied Sciences.

PmOne delivers a unified, process-oriented CPM system for all relevant tasks of Group management and corporate planning using Tagetik Performance Management software. The newly developed model will be used for teaching, but also as pmOne’s reference model which is certified as a planning solution by the Upper Austrian University. In addition, pmOne supports the courses ‘Efficient Planning and Budgeting’ and ‘Consolidated Financial Statements and International Accounting Standards’ in the summer semester of 2011 in terms of lecturers. “The joint project with the Upper Austria University gives us the opportunity to purposefully combine know-how and resources from research and practice,” adds Hannes Wambach, director of pmOne GmbH, who coordinates the cooperation with the university.

The objective of the Master's degree ‘Controlling, Accounting and Financial Management’ is to provide a thorough understanding of the overall financial context and to apply financial instruments in a strategic and international context. “Because of the collaboration with pmOne our Master's students are now able to implement their holistic knowledge in business planning, consolidation and International Financial Reporting Standards (IFRS) using a specially developed, integrated case study to transfer in the Tagetik CPM system. The development of efficient group management and planning on the basis of the joint project with pmOne is an important quality factor in our teaching,” says Peter Hofer, professor of controlling at the University of Applied Sciences of Upper Austria. In addition, the Faculty of Management at the University of Applied Sciences of Upper Austria and pmOne GmbH will cooperate and tread new paths in the research field ‘Management Information Design’.

 

About Upper Austria University of Applied Sciences

The Upper Austria University of Applied Sciences is one of nearly 5,000 students at Austria's leading colleges.At the four locations Hagenberg, Linz, Steyr and Wels in Upper Austria's central region, it offers scientifically-based, practice-oriented studies with international recognition. In a second competency area serviced the Upper Austria University of the economy with innovative results of their research and development.

About pmOne GmbH

pmOne is a competent partner for business planning, reporting, consolidation and analysis.

Our tailored solutions, which seamlessly integrate into SAP® R/3®, Microsoft® Dynamics and other leading data sources, combine best-of-breed technologies with innovative concepts for data warehouse design, performance management processes and the visualization of management information.

pmOne AG is a European provider of Business Intelligence and Corporate Performance Management solutions with offices in Munich, Vienna and Zurich.

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Media Contacts:

Luca Pieretti Tagetik Corporate Public Relations lucapieretti@tagetik.com +39 0583 96811

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