WHITE PLAINS, N.Y., April 16, 2014 (GLOBE NEWSWIRE) -- Edgewater Ranzal, Inc., a wholly-owned subsidiary of Edgewater Technology, Inc. (Nasdaq:EDGW) and Platinum level member of Oracle PartnerNetwork (OPN), released Lightning Cloud for SG&A, one of the first pre-built EPM applications using Oracle Planning and Budgeting Cloud Service (PBCS). Ranzal's Lightning Cloud for SG&A is a fixed service offering that can provide clients with a set of pre-built templates, reports, and calculations catered to the SG&A expense planning process within an organization. The service enables a client to configure the pre-built content to meet its organization's needs and is intended to accelerate the time-to-value of a planning solution. "Companies who want to deploy a cloud-based solution quickly with a low cost of entry need implementation partners with pre-built offerings," said Chris Churchill, Vice President of Edgewater Ranzal's Planning and Essbase Practice. "The Lightning Cloud for SG&A is a perfect fit for an organization looking to replace a linked Excel spreadsheet environment with one that consolidates, analyzes, and executes scenario analysis much more efficiently. Designed for future growth and scalability, this offering is able to accommodate changing needs and evolving planning processes." Ranzal's Lightning Cloud for SG&A leverages experience acquired from over 400 Oracle Hyperion Planning implementations and more than 900 clients across multiple industries. This pre-built application can be deployed quickly and serves as an effective tool for SG&A expense planning across organizations of all types and sizes. About Edgewater Ranzal Edgewater Ranzal delivers Business Analytics solutions that include Oracle Hyperion Enterprise Performance Management (EPM) and Oracle Business Intelligence (BI). Ranzal consistently applies and updates leading-practice methodologies to address changing business requirements in various industries and take advantage of evolving system capabilities. Edgewater Ranzal has a global presence, with resources and clients located throughout the United States, Canada, and Europe.
"Lightning Cloud" is the copyright of Edgewater Technology, Inc. (©2014). Any use of this name without Edgewater's permission is forbidden.Trademarks Oracle and Java are registered trademarks of Oracle and/or its affiliates.
CONTACT: Company Contact: Jenny Norwood Senior Marketing Manager Tel (781) 246-3343 Investor Relations: Liolios Group, Inc. Cody Slach or Greg Falesnik 1-949-574-3860 EDGW@liolios.com