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Information Builders and Axiom EPM Announce Strategic Partnership for Business Intelligence & Performance Management

Custom Adapter Seamlessly Integrates Financial Planning & Analytics Engine with BI Tools for Optimized Organizational Decision Making and Profitability Management

June 5, 2013 — Orlando, FL — Information Builders, a leader in business intelligence (BI), analytics, information integrity, and integration solutions and, Axiom EPM, a leading provider of financial planning and performance management software for enterprises, today announced that they have formed a strategic business and technology partnership. Under the terms of this partnership agreement, Axiom EPM will be the preferred Enterprise Performance Management (EPM) partner for Information Builders’ clients, and Information Builders will be the preferred BI, data integration and quality partner for Axiom EPM clients.

The partnership is a reflection of the natural synergies between BI and EPM functions and also reflects how the office of the CFO and CIO are increasingly working closely together to introduce systems and processes that optimize business performance. The recent increase in big data and the volume and complexity of financial and operational information has contributed to an increasing need for more sophisticated models to support various forms of strategic and operational planning. Finance teams must become more agile and responsive to organizational needs, shifting their time away from more tactical data management tasks to spending more time modeling at the enterprise level and delivering high-value analysis that can impact decision making and ultimately profitability.

The combined value of the Information Builders and Axiom EPM partnership enables this transformation with proven expertise, methodologies and technology integration. To support this new partnership, Information Builders and Axiom EPM have jointly developed an adapter that enables WebFOCUS business intelligence users to seamlessly and securely query the Axiom EPM financial planning and analytics platform, empowering customers with a full range of business analytics tools to realize the promise and power of EPM. As a result, the robust financial planning content created and stored in the Axiom EPM application becomes a rich and trusted information source that can be consumed by a wide variety of decision makers and functions across the organization for real-time, in context, decision making.

The industry leading capabilities offered through the Information Builders and Axiom EPM partnership are being leveraged at Sterling Bank, one of the largest regional community banks in the western United States. Sterling Bank needed to rationalize a complex heterogeneous landscape composed of various legacy data sources. They also needed comprehensive performance management capabilities for planning, profitability measurement and incentive compensation. “The combination of Information Builders’ iWay and WebFOCUS tools along with Axiom EPM’s comprehensive performance management platform will deliver the trusted data governance along with the planning and profitability analytics required to understand the key business drivers and inform better decision making.” said Laura Roberts, SVP, Financial Planning & Analysis Executive, Sterling Bank.

In addition to complementary technologies, both firms share a singular business focus on their respective domains and make customer satisfaction the top priority —each ranking in the upper tier of various industry surveys. “We are extremely excited to be able to offer our customers the ability to seamlessly integrate strategic planning, budgeting, forecasting, profitability management and analytics on one integrated platform and database structure,” said Gerald Cohen, CEO, Information Builders. Mike Choi, CEO, Axiom EPM, added, “working with another privately held company that shares a common vision and focus on customer success will help ensure a successful business and technical partnership for many years to come.”

Axiom EPM
Founded by industry leaders with over two decades of experience in enterprise and reporting, Axiom EPM delivers solutions that empower the office of finance. Solutions for budgeting & forecasting, reporting & analytics, strategy management, capital planning, profitability & cost management are delivered on a single unified platform. Axiom EPM embraces and extends familiar Microsoft Excel® functionality, allowing finance professionals to manage data in a familiar environment – while providing unmatched modeling flexibility and enterprise performance. From an innovative technology platform, to robust industry solutions to market leading customer support, Axiom EPM provides financial professionals with the tools and knowledge to be successful.

Information Builders
Founded in 1975, Information Builders delivers state-of-the-art technology that is transforming business in all commercial industries, government, and education. As one of the largest independent, privately held companies in the software industry, Information Builders focus is ensuring customers can apply intelligence, integration, and integrity solutions to dramatically improve the performance of their entire organization. WebFOCUS Intelligence, the industry’s most comprehensive BI platform, offers easy-to-use BI, business analytics, and performance management capabilities to promote a proactive business culture that helps organizations gain a competitive edge. iWay Integration Solutions work on any platform, inter-operate with proprietary technologies as well as industry standards, support more than 300 database and application adapters, and lay the foundation for a real-time, integrated enterprise. iWay Integrity Solutions integrate, enrich, and transform data into relevant, timely, and usable information. Information Builders’ proven products help organizations to cut costs, reduce risk, achieve compliance, and improve business performance.

June 12, 2013 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 6000 articles with John having written over 3000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 14 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Legacy Health Selects Explorys as its Healthcare Big Data Platform for Value-Based Care Initiatives

Explorys, an innovator of cloud-computing platform solutions for leveraging big data in healthcare, announced today that Legacy Health, one of Oregon’s premier multi-hospital health systems, has selected Explorys to power the healthcare system’s enterprise and community-wide value–based care initiatives, including its flagship patient centered medical home (PCMH) program and to support its participation in the Cigna ACO launched in the region.  This news is great example of how provider organizations are starting to use the kind of powerful big data tools prevalent in other industries to figure out how to make initiatives like PCMH and ACO successful.  In this case, Legacy is using a cloud-based approach – which has a lot of benefits over the more traditional build a giant data warehouse approach – to aggregate and analyze not just their own data, but also data from partners like Cigna.

Explorys’ Cloud-Based Analytics Platform to Enhance Quality and Cost Performance at Legacy Health; Tool Will Combine and Analyze Data from Multiple Sources for Holistic View of Patient and Improved Care Coordination

Cleveland, OH, November 5, 2012 — Explorys, the leader in cloud-based big data solutions for healthcare, announced today that Legacy Health, one of Oregon’s premier multi-hospital health systems, has selected the Explorys Platform and Enterprise Performance Management (EPM) applications to power the healthcare system’s enterprise and community-wide value-based care initiatives, including its flagship patient centered medical home (PCMH) program.  The Explorys solution will also play a key role in helping the organization to better understand quality and cost performance as it joins Cigna’s (NYSE: CI) new collaborative accountable care (ACO) program that was recently expanded into Oregon.

Legacy Health has been on the forefront of implementing new models of care.  Since 2007, Legacy Health has been implementing the PCMH model across their primary care practices.  Legacy Health is shifting to a holistic, coordinated approach to deliver quality care for the patients they serve.  “Taking our patient-centered care model to the next level will require more efficient, holistic visibility to the analytic information that is essential for improving coordinated care for all of the patients we serve,” said Kelley Aurand, DO, Legacy Health Medical Director of the Health Home. “Building on our very successful implementation of an electronic health record, we generate huge volume of clinical data that we can mine for better population health.”

“Legacy Health sought a data solution that would help us take the next steps in health care transformation,” said John Kenagy, PhD, Legacy Health’s senior vice president and CIO. “We need to be able to aggregate, analyze, and explore our clinical and operational data across our delivery system. As we become increasingly accountable for the long-term health of our patients, we will be analyzing data for patient quality and clinical effectiveness.”

The Explorys Platform supports a series of independent software-as-a-service applications for data exploration, population management, performance measurement, and patient outreach. Explorys analytics and informatics services provide prescriptive solutions that combine technology and process to deliver more effective care.  “It is obvious that Legacy Health is committed to the improvement of patient experience, the quality of care that is delivered, and lowering the cost of care to the populations they serve.  We are excited about the opportunity to partner with them as a foundational component of their population health management strategy to meet these needs now and in the future,” stated Sarah Mihalik, VP of Client Services, Explorys.

About Legacy Health

Legacy Health is an Oregon-based, not-for-profit, tax-exempt corporation comprising five full-service hospitals, a children’s hospital, and more than 50 clinics.  Within these award-winning facilities, Legacy offers an integrated network of health care services – acute and critical care, inpatient and outpatient treatment, community health education and a variety of specialty services.
For more information, visit www.legacyhealth.org.

About Explorys

Founded in 2009, Explorys provides the first secure cloud-computing Enterprise Performance Management Platform for Healthcare powered by BIG DATA. The rising costs of healthcare and the need for better outcomes are driving leading healthcare providers to more effectively leverage their data to improve quality, patient satisfaction, and support Patient Centered Medical Home (PCMH) and Accountable Care (ACO) models. Adopted by 13 major integrated healthcare systems 19 million cared-for-lives, 118 hospitals, and thousands of providers and ambulatory venues, Explorys is the leading healthcare BIG DATA platform in the United States.
For more information, visit www.explorys.com.

November 5, 2012 I Written By