MicroStrategy Platform Selected by Finansbank for Financial Reporting and Analysis
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Istanbul, Turkey-based Finansbank has selected the MicroStrategy Business Intelligence PlatformTM to support its financial reporting and analysis requirements
McLean, Va., (May 17, 2005) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that Istanbul, Turkey-based Finansbank has selected the MicroStrategy Business Intelligence PlatformTM to support its financial reporting and analysis requirements. Finansbank has 173 local branches, as well as international subsidiaries and affiliates, and operates in 10 countries.
MicroStrategy was selected because of its analytical richness, its ability to handle large data volumes, and its single consolidated interface. Within two months of deploying MicroStrategy, Finansbank produced two hundred high quality reports with highly complex calculations.
“MicroStrategy enables us to quickly and efficiently disseminate vital financial reports and analysis throughout the organization,” said Çaðdaþ Özgenç, Assistant Vice President, Strategic Information Management for Finansbank. “With MicroStrategy Report Services, employees can design high quality reports and maintain a common look and feel throughout the entire report set. In addition, MicroStrategy’s data-mart functionality helped us in writing the results of analyses back to a database so that they can be fed to other software within the corporation including data mining tools.”
“Many of the world’s leading financial institutions have turned to MicroStrategy for greater visibility into the full scope of their business and financial operations,” said MicroStrategy COO, Sanju Bansal. “We are pleased that Finansbank is finding MicroStrategy a valuable resource for its financial reporting and analysis requirements.”
About Finansbank
Finansbank was incorporated by Hüsnü Özyeðin, one of Turkey’s leading bankers. The bank began its activities on October 26, 1987. Today, with its 173 local branches and its international subsidiaries and affiliates, Finansbank operates in 10 countries (Turkey, Switzerland, Holland, France, Germany, Belgium, Russia, Romania, Ireland, and Bahrain). Finansbank is the most international Turkish bank in terms of its international investments and network.
About MicroStrategy
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy (NASDAQ: MSTR) is available at www.microstrategy.com.
MicroStrategy, MicroStrategy Business Intelligence Platform are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
Wende Cover
MicroStrategy, Incorporated
1-703-770-1646
wcover@microstrategy.com
Source: MicroStrategy