| Marks & Spencer Money Selects the Longview Solution for Budgeting |
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April 17, 2006 Marks and Spencer Money has implemented the Longview Solution. London, UK - Longview Solutions, a leading provider of Business Performance Management software, announced today that Marks & Spencer Money which is a division of HSBC and a significant player in the UK financial services market, has implemented Longview's web based software to provide a business dashboard in addition to Khalix providing it's budgeting and forecasting. "In order to satisfy the reporting requirements of the HSBC Group we needed to provide budgeting and forecasting views quickly in line with the Groups definitional structure, which differed to our own. Khalix allows us to continue to meet our own internal requirements whilst also delivering to Group requirements. Longview was able to give us a new web based dash-boarding capability to allow quick and easy access to key data and Management Information for our Executive team. We are looking forward to developing this capability further and increasing its penetration across our business." said Andrew Mielczarek, Chief Financial Officer of M&S Money. Clive Jefferies, Managing Director of Longview Solutions UK said "We were really pleased to be able to work with MS Money on this project and it is a great testament to our product that it was able to satisfy the reporting requirements of both Marks & Spencer and HSBC". About Marks & Spencer Money Marks & Spencer Money was founded in 1985 as the financial services division of Marks and Spencer Group plc, initially to administer the M&S Chargecard. It is now a significant player in financial services, offering a wide range of products in the credit, investment, insurance and savings sectors. Business growth has been steady across all sectors and the company now employs approximately 1,200 staff at its award winning headquarters in Chester (UK). In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world's largest banking and financial services organisations with over 10,000 offices in 76 countries and territories. Marks & Spencer and HSBC have entered into a 50:50 profit sharing partnership. For more information visit www.marksandspencer.com About Longview Solutions Longview Solutions |
