TI Automotive Selects Comshare(R) CPM Software for Budgeting, Forecasting, Consolidation, and Reporting
ANN ARBOR, Mich., Jan. 28 -- Comshare, Incorporated , a leader in software applications for corporate performance management (CPM), announced today that the European division of TI Automotive, a leading supplier of automotive fluid storage and delivery systems, chose Comshare MPC software for corporate performance management (CPM) to standardize and automate the budgeting, forecasting, consolidation, and reporting functions of its $0.97 billion European operation. Comshare MPC was selected for its flexibility, financial intelligence, proven track record, and its ability to fully exploit Microsoft's business intelligence (BI) platform. TI Automotive will deploy the web-based Comshare MPC system to its operations across Europe. The application replaces a custom-made mainframe consolidation system supplemented by many spreadsheets and other informal systems. The Comshare CPM application will enable TI Automotive to deliver core financial management processes in a single application. Access to a centralized solution via the web provides quicker and broader access to information by business unit managers who can review their colleagues' assumptions and collaborate accordingly. "Our forecasts are built up from highly detailed market and product assumptions gathered from our sales teams around the region," said Robert Styring, Business Analysis Manager, TI Automotive. "Comshare MPC enables us to consolidate this detail in a faster and more structured manner; the application's web base also allows us to collect, consolidate, and analyze real-time data." Comshare was selected for its product design and functionality and for its people. "We selected Comshare for a variety of reasons, including its close relationship with Microsoft, and Comshare MPC's ability to exploit the Microsoft platform -- our IT standard. We also liked the application's centralized, single information source design; Comshare's clearly defined implementation methodology; and the company's proven track record," said Styring. "But what really made Comshare stand out was its people -- their professionalism, eagerness to understand our requirements, and commitment to delivering what we wanted." About TI Automotive TI Automotive is the world's leading supplier of fluid storage, transfer, and delivery systems including brake, fuel, and air conditioning applications. Based in Warren, Michigan, the company employs over 21,000 people at more than 130 facilities in 29 countries on six continents. Further information about TI Automotive is available on the company's website at http://www.tiautomotive.com . About Comshare, Incorporated Comshare, Incorporated is a leading provider of software that helps companies implement and execute strategy. Comshare's corporate performance management application encompasses planning, budgeting, forecasting, financial consolidation, management reporting, and analysis. In business for over 35 years, Comshare is one of the top independent software companies, with Fortune 500 and Financial Times Top 1000 customers around the world. Comshare is a Microsoft Gold Certified Solution Partner for Business Intelligence and a Microsoft Data Warehousing Alliance Platinum Partner. For more information on Comshare, call 1-800-922-7979, send email to info@comshare.com , or visit Comshare's website at http://www.comshare.com . Comshare(R) is a registered trademark and Comshare MPC(TM)is a trademark of Comshare, Incorporated. All other trademarks are the property of their respective holders.