Banking Investigate

Pioneer Investments Accelerates Budget Planning and Gains Financial Insights With Microsoft Performance Management Solution

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Executive Summary

For over 80 years, Pioneer Investments has been a leading innovator in the investment management industry worldwide. Following an acquisition by Milan-based Unicredit S.p.A. Pioneer Investments found it increasingly difficult to create detailed budgets and high-level forecasts. With more than 40 budget contributors and hundreds of spreadsheets to manage, the budget process was inefficient, labor-intensive and error prone. With help from Praxinet, Inc., a Microsoft Gold Business Intelligence partner recognized for its strength in delivering financial and operational performance management solutions, Pioneer Investments implemented a Microsoft business intelligence solution, on-time and within budget. The solution incorporates Microsoft Office PerformancePoint Server2007 which provides Pioneer with a comprehensive, easy-to-use solution that produces more timely and accurate budgets.

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