TimeXtender was founded in 2005 in Aarhus, Denmark. Eleven years later, the company has built an impressive customer base of more than 2,600 users across more than 60 countries, making it the largest Data Warehouse Automation (DWA) provider for the Microsoft SQL Server market.
Given the success of its flagship TX DWA platform, TimeXtender has been recognized as one of the fastest growing private technology companies, as evidenced by its ranking in both the Software 500 and Deloitte Technology Fast 500. To that end, the company recently opened a new North American headquarters in Bellevue, Washington to complement its long-standing European headquarters in Denmark.
A significant part of the company’s success can also be attributed to its comprehensive partner network, located throughout six continents. Given this success, it would be easy to rest on its laurels, but TimeXtender’s automation technology has been so well-received that the company decided to develop another automation solution: TX Financials. This platform was designed specifically for corporate finance and accounting executives and corporate performance management (CPM).
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Strategic Asset for Project Finance
TimeXtender’s TX Financials, provides CPM automation by transforming the way an organization handles financial management. TX Financials structures the data collection process and eliminates the pain of manually processing data. It manages all financial budgeting, reporting and analysis and delivers “one version of the truth” for all financial data. TX Financials integrates all budgeting, planning, and forecasting, providing financial consolidation into a centralized platform that is captured at the transaction level.
This CPM automation platform ensures accuracy and data integrity; eliminating hours spent on data reconciliation. It enables corporate finance and accounting to create detailed budgeting and forecasting scenarios that can easily be updated, and delivers trustworthy and accurate scenarios that reflect the latest updated financial data.
With TX Financials, finance and accounting executives at their corporate headquarters can have access to all data. Each individual transaction is converted into meaningful information and used to explain variances to form the foundation for real forecasting.
Corporate Governance Strengthened
Historically, many finance and accounting executives have relied on spreadsheets to manage all these activities, but using spreadsheets to merge and share data from various departments can be very cumbersome and at times simply incorrect. TX Financials helps finance and accounting save significant time and money, while enabling the company to meet regulatory requirements for increased transparency of financial transactions. This platform prevents delays in month-end and year-end close and provides an ongoing model that reflects the current budget.
To find out more about TimeXtender and TX Financials visit www.timextender.com.