2008-09-08 17:10:02 -
www.sas.com - SAS Faye Merrideth, 919-531-4261; Faye.Merrideth@sas.com or Michela Guerra, +39 (02) 8313-4326; michela.guerra@ita.sas.com Visit the SAS Press Center www.sas.com/presscenter SERIT SICILIA, which administers revenue and tax collection in Sicily, Italy needed to verify collection processes, monitor business activity and implement corrective actions. They chose SAS(R) Financial Management from SAS, the leader
in business intelligence and analytics to build a new management-control system.
"SERIT SICILIA is a brilliant example of using performance management tools to move beyond just managing data and processes to actually improving performance in a structured and repeatable manner," said Leo Sadovy, Product Marketing Manager for SAS Financial Management. "At SAS, we look forward to working with SERIT SICILIA as their operations continue to evolve with the needs of the growing Italian economy."
SAS Financial Management improves the accuracy, relevance and timeliness of financial plans, budgets and reports while promoting alignment and strategy execution. This solution uses the integrity, analytic power and scalability of the SAS Enterprise Intelligence Platform to facilitate flexible, strategic financial and operational planning collaboratively - across the entire enterprise. Using SAS Financial Management, organizations can more effectively analyze the true drivers of shareholder value in relation to strategy and manage them in real time.
"By applying SAS Financial Management to collections, SERIT SICILIA has obtained substantial financial results," said Antonio Finanze the General Manager at SERIT SICILIA. "Average collections increased 24 percent in 2007 - EUR 531 million (US$781 million) compared to EUR 425 million in 2006. Optimizing information sources allows us to benefit from complete and up-to-date information and to monitor business processes."
SAS Financial Management is one component of SAS Financial Intelligence, a vision for financial performance management that includes solutions for financial management, activity-based management, dashboards and scorecarding, risk management, and advanced analytics such as optimization and forecasting. By combining the hindsight, insight and foresight provided through these powerful solutions, corporate finance departments can build credibility and confidence within other areas of the organization.
SAS' turnkey solutions for vertical markets target financial services, life sciences, healthcare, retail, manufacturing and others. SAS targeted business solutions support enterprise intelligence, customer intelligence, financial intelligence, supply chain intelligence and more.
About SAS
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. With innovative business applications supported by an enterprise intelligence platform, SAS helps customers at 44,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW(R).
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. (R) indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright (C) 2008 SAS Institute Inc. All rights reserved.
¶ Agency Uses SAS Financial Management to Improve Financial
Performance
