Partnership combines Plexis' robust benefits administration system with advanced analytic reporting capabilities of Applix TM1
Ashland, OR - March 11, 2005 - Plexis Healthcare Systems, Inc. today announced that it signed a partnering agreement with Applix, Inc., a global provider of single platform solutions for Business Performance Management (BPM) and Business Intelligence (BI). The Plexis and Applix TM1 solution will provide healthcare organizations with a benefits administration solution and advanced analytic reporting functionality to improve quality and reliability of business processes and reduce turnaround and costs. According to this agreement, Plexis will offer Applix TM1 with its industry-leading reporting capabilities to existing and new Plexis customers.
"Applix believes real-time reporting for healthcare entities means that decision-makers across the enterprise - including senior executives, planners, and operations managers - should be able to simultaneously read and revise information as the need arises. TM1 and its high performance analytics capabilities provide customers with that critical, timely reporting," said Larry Piccioli, vice president, business development, Applix, Inc. "The combination of solutions from Plexis and Applix opens up a range of opportunities for Plexis' customers to improve their operational effectiveness."
"In an era of soaring administrative costs, Plexis Healthcare Systems works to establish alliances with partners that will provide substantial benefits to our existing and prospective clients," said Plexis CEO Jorge Yant. "The strategic alliance between Applix and Plexis provides our U.S. and international clients with an opportunity to take advantage of TM1's advanced reporting capabilities that will help them reduce costs," added Yant.
About Applix Business Performance Management and Business Intelligence Solutions
Applix, Inc. (Nasdaq: APLX) is a global provider of Business Performance Management and Business Intelligence solutions. These solutions, based on Applix's TM1 analytics platform, enable the continuous planning, management and monitoring of performance across the financial and operational functions within the enterprise. Applix is a founder of the BPM Standards Group, and has been recognized by numerous industry analyst groups for its technical leadership and vision in the marketplace.
More than 2,000 customers worldwide use TM1 for tight integration with Excel, real-time response, adaptability, and low total cost of ownership. Delivered by Applix and by a global network of partners, TM1-based solutions help customers manage their business performance and respond to the marketplace in real time. Headquartered in Westborough, MA, Applix maintains offices in four countries in Europe, North America and the Pacific Rim. For more information about Applix, please visit www.applix.com.
TM1 received the best ratings for faster or more accurate reporting, according to The OLAP Survey 4, p.76, (www.survey.com/olap) by independent analyst Nigel Pendse.
Plexis Healthcare Systems
Press Contact:
David Goodwin
voice: 541-494-2549