¡¤Executive Presentation
¡¤Press Release


Press Release

HUSI Selects Take5People to Improve Financial Modeling by Using Quantrix

Shanghai, China ¨C May 14, 2007 Take5People Limited, an application and solution provider focused on the fast-growing Asian market, today announced that HUSI Foods (¡°HUSI¡±), a wholly owned subsidiary of the OSI Group is a world leader in providing quality products and custom solutions for the food industry, selected Quantrix to improve the accuracy and efficiency of financial modeling process, which is critical to business decision making.

HUSI Foods, with its over 9 factories in the region, relies traditional spreadsheet to facilitate consolidating manufacturing and cost requirements, which has been a time consuming and tedious work. The challenges mounted today as they are serving one of the fastest growing industries, fast foods, in the fastest growing economic region ¨C China.

The financial system HUSI used to build their data modeling is based on traditional, two-dimensional spreadsheet tools, to analyze fast growing business operational requirements, such as production, costing, inventory, sales forecast, etc. ¡°It always costs lots of time, material recourses and manpower in financial modeling process when traditional, two-dimensional spreadsheet tools are used. It¡¯s not easy to modify and at the end, no one would be satisfied with the outcome,¡± said Steven Zhang, Financial Director, Asia. ¡± Often times, we have to spend unreasonably amount of time and effort to dig out some useful information from a mass data pool. This drives us to turn to Take5People for an easy-to-use and a highly scalable architecture and we found Quantrix.¡±

Quantrix Modeler combines an innovative architectural approach. Separation of logic, structure and presentation - with a multidimensional calculation engine to deliver an elegant and powerful modeling tool designed for financial professionals. With Quantrix Modeler, greater accuracy, transparency, flexibility and productivity combine to give better business insight, which ultimately leads to better business decisions.

With Quantrix Modeler, finance managers at HUSI can efficiently and effectively resolve the problems in financial modeling which includes material costing and budgeting by converting the data modeling established in traditional and two-dimensional spreadsheet tools into Quantrix, a multi-dimensional spreadsheet tool.

In Quantrix, formulas exist outside the cell, in plain English and are applied across matrix of the model, making it easy to incorporate changes and avoid errors, and sharing information users never been easier. Users can modify it easily, such as adding new variable and dimensionality to meet different needs.

¡°Quantrix has been helping us consolidate production projection, costing, inventory and financial results from planes throughout the region in Asia. It¡¯s no doubt that, being a financial analyzing tool, Quantrix is an excellent choice and it provides us peace of mind,¡± Zhang continued.

Alsen Hsien, President of Take5People, said, ¡°We are thrilled to be selected by HUSI to provide the financial modeling tools to help resolve the financial analysis issues that they are encountering everyday as we understand an accurate and transparent financial analysis is critical in a business decision making and planning process. We look forward to working with HUSI and further developing a great partnership with them in a long run.¡±

About HUSI

HUSI is sole proprietorship of OSI group in China. The OSI Group is a world leader in providing quality products and custom solutions for the food industry. It was established in 1909, based in Chicago. It has over 75 manufacturing facilities around the world. With revenue of US $4 billion and 20,500 employees OSI has been ranked 59th by Forbes among the world's largest private companies in 2006. HUSI Company¡¯s manufacturing facilities are built all over the major cities in China, such as Beijing, Shanghai, Guangdong, Shandong, Dalian, Kunming, Chengdu, etc. The OSI Group is a privately held company with the financial strength, global resources and a deep corporate commitment to consistently deliver more than our customers expect.

About Take5 People

Take5 People is a subsidiary of Take5 Software Limited, an application and solution provider focusing on the fast-growing Asian market, particularly the Greater China region. Incorporated in June 2006, Take5 People aggregates in-depth industry and market experience and knowledge of its executive management team with a strong track record in human resources, finance, technology and software market sectors. The company is focusing on developing software solutions based on the best-of-breed technology that meet the requirement of local markets. Headquartered in Shanghai, Take5People has presence in Beijing, Hong Kong and Taipei. For more information about Take5 People please visit www.take5people.com.

 

 
©Copyright 2010. Take5People Limited. All Rights Reserved.