HUNT SYSTEMS GROUP ANNOUNCES CONSOLIDATION AUDITOR; Financial Consolidation and Reporting Application Based on Arbor's Essbase Server

Business Wire, May 23, 1995

ATLANTA--(BUSINESS WIRE)--May 23, 1995--Hunt Systems Group today announced Consolidation Auditor, a new financial consolidation and reporting application built using Arbor's Essbase multidimensional database server. Consolidation Auditor provides the accounting controls of a general ledger with the maintenance ease and analysis power of a true multidimensional database engine.

"Large corporations typically have multiple sources for their financial data. Our goal was to create a solution for the finance department that would enable users to easily maintain and consolidate financial data at any required level of detail," said Wes Hunt, president of Hunt Systems Group. "With Consolidation Auditor, users can take advantage of automated consolidation adjustments and elimination journal generation, auditability and access to a consistent consolidated, financial database using Excel or Lotus 1-2-3. The age old problem of having reports that use different sources for the same financial data can be eliminated," he added.

Unlike other financial consolidation applications, Consolidation Auditor is not constrained by the number of dimensions of data it consolidates, the complexity of the equations or the processing speed. -0-

    The Consolidaton Auditor Solution includes: