Cognos(R) (NASDAQ: COGN) (TSX: CSN), the world leader in business intelligence and performance management solutions, today announced that long-time Cognos customer Mueller, Inc., an industry leader in steel building and metal roofing solutions, has been named to the Balanced Scorecard (BSC) Hall of Fame for Executing Strategy. Integral to receiving the honor was Mueller's use of Cognos performance management solutions, which helped the company achieve a balanced scorecard within the organization, resulting in breakthrough performance results.
BURLINGTON, Mass. (Business Wire EON) November 8, 2007 --
Cognos® (NASDAQ: COGN) (TSX: CSN), the world
leader in business intelligence and performance
management solutions, today announced that long-time Cognos customer
Mueller, Inc., an industry leader in steel building and metal roofing
solutions, has been named to the Balanced Scorecard (BSC) Hall of Fame
for Executing Strategy. Integral to receiving the honor was Mueller’s
use of Cognos performance management solutions, which helped the company
achieve a balanced scorecard within the organization, resulting in
breakthrough performance results.
In 2004, Mueller implemented Cognos performance management solutions
alongside data from the company's J.D. Edwards back-end database to
unify its reporting system, identify trends and provide historical data
to compare Mueller's corporate results with its goals and industry best
practices. Mueller now uses Cognos Planning and Cognos 8 Business
Intelligence (BI), including Cognos 8 BI Scorecarding, to guide decision
making, assess progress toward strategic objectives, and to test
strategic hypotheses.
By using the Cognos performance management system and underlying
Balanced Scorecard methodology, Mueller has been able to align all
departments and teams within the company and achieve high performance
results including record profits and sales.
“BSC Hall of Fame members are organizations
that demonstrate the most compelling case in terms of how the BSC has
helped them achieve significant results,” said
Robert L. Howie, Jr., president, Balanced Scorecard Collaborative, the
education and certification division of Palladium Group, Inc. “Mueller’s
implementation of its Balanced Scorecard using Cognos performance
management solutions is an excellent illustration of a strategy-focused
organization at work.”
The Balanced Scorecard methodology approach uses a scorecard to measure
performance against specific targets; financial metrics are balanced
with indicators for customer impact, internal processes and corporate
learning and growth. Using Cognos performance management solutions, the
balanced scorecard implementation was led by Mueller President Bryan
Davenport, CFO Philip Arp, and Planning and Financial Analysis Manager
Mark Lack. The senior management team developed a corporate strategy
map, which then aligns cascading functional strategy scorecards across
the company's different business units.
“We’re honored to be
recognized by Palladium for our work in becoming a strategy-focused
organization,” said Mark Lack, planning and
financial analysis manager, Mueller. “The
biggest benefit to our organization was the clarity the Balanced
Scorecard methodology provided. Using Cognos performance management
solutions to implement our Balanced Scorecard initiative makes it easier
to spot areas for improvement, keep focus on goals, and measure progress
at Mueller. Each employee can clearly see where his or her role fits
within the organization and its strategic goals.”
“We’re glad to see
Mueller named to the BSC Hall of Fame. To be successful, a balanced
scorecard strategy must be managed with software tools that can be
customized for the enterprise and easily used across the company,”
said Doug Barton, vice president of performance management, Cognos. “Cognos’
Balanced Scorecard solution has helped Mueller focus on what is vital to
the company strategy for improved effectiveness, organizational
cohesiveness, and alignment of key stakeholders. This ensures that a
consistent vision, mission, and strategy are communicated both
internally and externally.”
The awards ceremony takes place today in San Francisco, at the 2007
Balanced Scorecard North American Summit, hosted by the
Palladium/Balanced Scorecard Collaborative. The full listing of Hall of
Fame recipients is available at: http://www.thepalladiumgroup.com/about/hof/Pages/HallofFame.aspx.
Cognos is the only Performance Management vendor ever to be named to the
Balanced Scorecard Hall of Fame, a recognition it received in 2004.
About Mueller:
Mueller, Inc. is the industry leader in Steel Building and Metal Roofing
solutions throughout the south central United States. Today, Mueller,
Inc. serves the Central and Southwest U.S. markets from 28 distribution
and three manufacturing locations, employing 500 people, while
continuing its heritage of directly serving the end user with quality
metal building products. To view a list of locations, or to get more
information, visit the Mueller, Inc. Web site at http://www.muellerinc.com.
About the Palladium Group:
Palladium Group, Inc., is helping the world’s
leading organizations measure and manage tomorrow’s
performance today by providing services that increase the effectiveness
of processes within strategy, finance, IT and human capital. Palladium’s
clients leverage expertise in areas such as financial management,
Balanced Scorecards, dashboards, information management, and human
resource readiness to successfully align their strategy with operations.
Furthermore, Palladium’s education, advisory
and research offerings provide additional value for organizations to
continue improvements and interact within communities of peers.
Headquartered in Lincoln, Mass., Palladium has ten U.S. offices and
international offices in Barcelona, Lisbon, London, Madrid, Munich and
Sydney, with an additional 13 affiliates throughout Europe, Latin
America, Africa and Asia-Pacific. Since its formation in 2005, Palladium
has signed more than 200 new customers, giving the company over 700
customers worldwide. For more information, visit http://www.thepalladiumgroup.com.
About Cognos:
Cognos, the world leader in business
intelligence and performance
management solutions, provides world-class enterprise planning and
BI software and services to help companies plan, understand and manage
financial and operational performance.
Cognos brings together technology, analytical applications, best
practices, and a broad network of partners to give customers a complete
performance system. The Cognos performance system is an open and
adaptive solution that leverages an organization’s
ERP, packaged applications, and database investments. It gives customers
the ability to answer the questions -- How are we doing? Why are we on
or off track? What should we do about it? –
and enables them to understand and monitor current performance while
planning future business strategies.
Cognos serves more than 23,000 customers in more than 135 countries, and
its top 100 enterprise customers consistently outperform market indexes.
Cognos performance management solutions and services are also available
from more than 3,000 worldwide partners and resellers. For
more information, visit the Cognos Web site at http://www.cognos.com.
Cognos and the Cognos logo are trademarks or registered trademarks of
Cognos Incorporated in the United States and/or other countries. All
other names are trademarks or registered trademarks of their respective
companies.
Note to Editors: Copies of previous Cognos press releases and Corporate
and product information are available on Cognos' Web site at http://www.cognos.com
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