ATLANTA, July 10 /PRNewswire/ -- Extensity(R), the financial performance management company that helps finance leaders leverage the power of trusted and finance-centric data, has signed a contract with Dana-Farber Cancer Institute for MPC financial performance management software. Dana-Farber will employ MPC to automate and provide greater control of the operational, capital, and research budgeting processes.
Since its founding in 1947, Dana-Farber has been committed to providing expert, compassionate care to children and adults with cancer while advancing the understanding, diagnosis, treatment, cure, and prevention of cancer and related diseases. When the Institute decided to automate and streamline its spreadsheet-based budgeting process, it chose Extensity MPC over products from Cognos and Business Objects.
“The selection of MPC was the result of an extensive multi-vendor review process by key Institute leadership from the Operations, Medical Oncology, and Nursing Patient Care Services divisions, as well as Finance, Information Systems, and Facilities,” said Marlena Ward, senior director of financial planning at Dana-Farber. “In the end, any of the vendors on our short list could have helped us produce a budget, but we universally agreed that MPC would best meet our needs. It was not only MPC’s functionality as it relates to paperless workflow and detailed budgeting capabilities that impressed us, but the strength of Extensity’s implementation services and the positive feedback we received from their existing customers.”
Dana-Farber’s three budget components -- operational, capital, and research -- have different requirements and processes. “MPC is well-suited to our environment because it will allow us to have one source for the budget,” said Sean Gilligan, project manager, Dana-Farber. “There will be various templates for our different budget components but one common ‘look’ with similar navigation and functionality.”
“The addition of Dana-Farber Cancer Institute to our list of valued customers is an important development for Extensity,” said Jim McDevitt, senior vice president and general manager, Extensity. “MPC’s flexibility in meeting the requirements of very different budgeting processes while providing intuitive, enterprise-wide accessibility is proving to be a hot commodity in the healthcare industry.”
Added Ward: “We look forward to partnering with Extensity on a successful system implementation and ultimately to the time savings and improved financial reporting and accountability that will occur as a result. This will allow Institute leadership to spend their time focusing on what is most important: our mission.”
About Extensity
Extensity is the leading financial performance management company focusing exclusively on the comprehensive needs of finance professionals. With more than 12,500 customers worldwide, Extensity enables better financial management and decision-making throughout the enterprise in many of the world’s most progressive and successful companies. We leverage the power of trusted, finance-centric data through a comprehensive set of end-to-end solutions from financial applications to performance management. Extensity has over 1,100 employees in 42 offices worldwide. For more information, visit http://www.extensity.com or email info@extensity.com.
Media Contact: Greg Wind FitzGerald Communications 617.585.2240 gwind@fitzgerald.com
Extensity
CONTACT: Greg Wind of FitzGerald Communications for Extensity,+1-617-585-2240, gwind@fitzgerald.com
Web site: http://www.extensity.com/
