Walker Magnetics Shaves Weeks off Corporate Budgeting Process with Acteon BudgetGuide.
by Anonymous

WESTFORD, MA August, 2003 -- Acteon Technologies, Inc. announced that Walker Magnetics Group, the world leader in industrial magnetic applications, has selected Acteon BudgetGuideT as its company-wide corporate budgeting and forecasting application.

Acteon BudgetGuide gives Walker's managers and financial planners instant access to critical budgeting data. As the company continues to implement best practices across its operations, BudgetGuide's collaborative approach and strong analytics will accommodate multiple growth strategies.

"With Acteon BudgetGuide, I can automate many tasks previously done manually using spreadsheets," said Debra Krikorian, controller, Walker Magnetics, an early adopter of the product. "We've been very pleased with the product. We were able to get up and running quickly, and find it easy to use. Our managers still use a spreadsheet-like interface to enter and manage their budget data, but I no longer have to worry about consolidating the information from dozens of different spreadsheets. Now it's all handled automatically. It's made our budgeting process much easier to manage."

BudgetGuide helps improve financial planning processes, reduces costs, and strengthens financial controls. More importantly, BudgetGuide can be installed, configured and managed without expensive consultants. Its intuitive design allows companies to deploy a structured, distributed budgeting system within weeks or even days.

About Acteon Technologies
Based in Westford, Massachusetts, Acteon Technologies, Inc. is a developer of high quality business solutions for small and middle market companies. With its flagship product, Acteon BudgetGuideT, Acteon is working to fill the gaps in business functionality left by most Enterprise Resource Management (ERM) and General Ledger (G/L) accounting applications. Acteon Technologies was founded in 2000 and is privately held.

For more information about Acteon Technologies and Acteon BudgetGuide, visit http://www.acteontechnologies.com.





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