PRESS RELEASE
PROCESSION
ANNOUNCES REVENUE PLANNING EDITION
New Process Driven Sales Forecasting Solution
to Manage Critical Financial Planning via the Web
CHESHAM,
England. April 4th, 2001 - Procession today announced the
launch of its Revenue Planning Edition, a process-driven,
web-enabled sales forecasting system. Procession Revenue Planning
Edition is a flexible and sophisticated solution that enables
companies to perform and monitor a number of essential forecasting
functions, such as sales, revenue and commissions.
Procession Revenue Planning Edition
is run on an internal database, and an easy-to-use web-based
interface mean that sales executives can use the system while
working in the field, in real-time and without the need for
any lengthy synchronization uploads. Figures can be updated
and the status and history of any entrycan be checked via
a standard web browser. This approach contrasts with current
solutions, which tend to be prescriptive and time-consuming.
"Sales Directors know that forecasting is a critical
business process requiring a dedicated in-house solution,"
said Paul Greenfield, CEO, Procession Limited. "But they
also know that this solution must cater for the precise needs
of all those with an interest in the sales process. Procession's
Revenue Planning Edition provides real-time access to a sophisticated
set of forecasts, while allowing busy sales professionals
to continue using their existing technology and sales methodology."
Procession Revenue Planning Edition
provides user-defined reports in real-time, including stagger
charts, which are recognized as the most effective way of
displaying forecasts. In order to cater for the different
needs of different sets of users, from stakeholders and board
members to sales executives, the Revenue Planning Edition
can break down and display the data according to specific
criteria, and from various levels in a roll-up hierarchy of
reports. Other significant features include the ability to
compare totals from raw forecast data against selected "judged"
totals, a commissions module that can be linked to order bookings,
and a range of automated notification and reminder facilities.
In common with other Editions of Procession®,
the Revenue Planning Edition is a highly scalable, standards-based
solution and provides a comprehensive, secure and tiered access
audit trail.
About Procession
Procession develops & markets Business Process Management
(BPM) software for the emerging e-Process* market. Procession's
unique user-friendly graphical user interface (GUI) allows
the intuitive description of any given e-Business process
by the day-to-day user of that process, which means that new
systems can be deployed very rapidly. The Procession e-Process
Suite is highly scalable due to its standards-based architecture
(Java & XML) and is already in use by several blue chip
organisations.
Headquartered in Chesham, United Kingdom,
the company is currently expanding its operations to support
the global marketplace. More information can be found at www.procession.com
-ENDS-
*Gartner defines e-Process as "
... a new term that applies work management and process automation
techniques to an e-Business environment."
(Regina Casonato, Gartner Symposium/ITxpo conference, "E-Business
and Process Management - Where Flesh and Blood Meet High-Speed
Integration", November 2000.)
