Cognos-Glovia Strategic Alliance Shifts KIM Financial Reporting Capabilities Into High Gear

    EL SEGUNDO, Calif.--April 16, 2002--As a leading manufacturer of automotive systems including air and fuel management systems, heating, ventilation and air conditioning (HVAC) systems and electronic control systems, Keihin Indiana Precision Technology (KIPT) meets the manufacturing demands of American Honda.
    Today, Glovia International announced that it has successfully deployed Cognos Finance on the glovia.com ERP solution used by its customer, Keihin IPT Mfg. Inc. (KIM), a subsidiary of KIPT. The result of a strategic relationship with Cognos, the implementation of the financial reporting solution is significant to KIM in that it provides Web-based reporting functionality that was never before possible.
    Glovia is the business-to-business e-commerce subsidiary of Fujitsu Limited and Cognos is the leading provider of business intelligence solutions.
    Notably, the initial implementation of the glovia.com ERP solution was procured and installed in two months. "Upon addressing our ERP issues with the glovia.com solution, we quickly realized the need for comprehensive financial reporting functionality," said Peggy Adams, information technology manager at KIM.
    "We needed something that could streamline the financial reporting process, enable Web-based access to financial reports and provide a good, Web-based tool for departmental budgeting. Cognos and Glovia meet those needs."
    Previously, the accounting department was tasked with manually printing and distributing monthly reports, as well as having to frequently create manual, Excel-based reports for various financial analysis needs.
    At budget time, the IT department had to manually update a complicated Excel-based system that did not link to Glovia. Today, KIM is able to create financial and budget reports for its managers that can be accessed in a fast and easy-to-use, secure Web-based environment.
    Under the terms of the strategic relationship with Cognos, Glovia resells the company's reporting solutions to its customers and provides full service and support for the offerings.
    Commenting on the relationship with Cognos, Glovia CEO and president, Matt O'Malley, said, "Implementing Cognos Finance with our ERP solutions, we've had occasion to see that Cognos is a strong player with the kind of robust report-writing functionality that will increase in demand as the market moves to a demand-driven model where up-to-the-minute financials are crucial to success.
    "We are pleased by KIM's success with the Cognos financial solution and expect that many Glovia customers will benefit from the relationship we've established."

    About Glovia International

    With headquarters in El Segundo and offices worldwide, Glovia International Inc. is the leading provider of e-commerce solutions and world-class services for the digital marketplace. It is the only company to deliver a robust suite of business-to-business "transaction applications" that are fully scalable and seamlessly integrate with existing enterprise systems.
    With customers like Dell, Panasonic, Fujitsu and Caterpillar, Glovia International's technology enables Fortune 1000 companies to build and run the most advanced digital enterprises that boost their competitiveness in the rapidly evolving global digital economy.
    Glovia is a wholly owned subsidiary of Fujitsu Limited, a leading provider of Internet-based information technology solutions for the global marketplace. For more information, visit www.glovia.com or call 800/223-3799 or 310/563-7000.

    About Fujitsu

    Fujitsu is a leading provider of Internet-focused information technology solutions for the global marketplace. Its pace-setting technologies, best-in-class computing and telecommunications platforms, and worldwide corps of systems and services experts make it uniquely positioned to unleash the infinite possibilities of the Internet to help its customers succeed.
    With headquarters in Tokyo, Fujitsu Limited reported consolidated revenues of $44.2 billion for the fiscal year ended March 31, 2001. For more information visit www.fujitsu.com.

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