Actuate Corporation has launched Actuate Financial Performance Management with the claim that is the first software to directly integrate data from disparate financial, HR, revenue and budgeting and forecasting systems and present them on demand.
Actuate said the software let companies distribute fiscal responsibility throughout the enterprise, helped drive financial performance, and assisted in compliance with US federal regulations such as the Sarbanes-Oxley Act.
According to Actuate, in order to reconcile the competing demands of rigorous regulatory and global competition, companies need to tap the financial knowledge of all employees by effectively distributing fiscal responsibility across the organisation.
Actuate FPM delivers financial reports which include data pulled directly from heterogeneous planning, budgeting, human resource, sales and financial systems.
Other features include a report library, organisational summaries, revenue and expense details, collaboration tools, role and responsibility-based data access and iServer.
iServer provides an infrastructure for disseminating interactive, actionable business information to employees, customers and partners. It provides access to multiple financial systems in sources such as PeopleSoft, SAP, Hyperion Essbase, DB2, SQL, Sybase, Oracle DB, Progress, Excel, ODBC, JDBC and XML.