WHITE PLAINS, N.Y., June 23, 2014 (GLOBE NEWSWIRE) -- Edgewater Ranzal, Inc., a wholly-owned subsidiary of Edgewater Technology, Inc. (Nasdaq:EDGW) and Platinum level member of Oracle PartnerNetwork (OPN), completed the implementation of Oracle Planning and Budgeting Cloud Service (PBCS) for its parent company. Oracle PBCS enables organizations of all sizes to quickly adopt world-class planning and budgeting applications with no additional capital infrastructure investment, driving world-class functionality across the enterprise with flexible deployment options and virtually no learning curve. Edgewater purchased the PBCS tool for their driver-based rolling forecast process in February 2014. Ranzal's implementation of PBCS was completed in about four weeks, allowing Edgewater to submit its June forecast in parallel with its old process. The company will fully transition to the PBCS tool for its third quarter forecast cycle. "The PBCS tool provides a collaborative forecasting framework that allows us to align key business drivers with our operating results," said Tim Oakes, Edgewater's Chief Financial Officer. "Given the change in technology and process, it was ideal that we were able to work in an iterative manner for the implementation. We look forward to transitioning from our legacy Excel models to the PBCS tool as part of our third quarter forecast cycle." 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. 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