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SHANGHAI ¨C February 4, 2009 ¨C Take5 People Limited, an application and solution
provider focused on the fast-growing Asian market, today announced a successful
implementation of Quantrix financial modeling solution at one of the premier service
office providers, The Executive Centre, in tracking their regional financial forecasting
requirements.
¡°Quantrix Modeler has transformed
my company¡¯s ability to do financial
forecasting. My company does
business in 15 different jurisdictions
and 7 different currencies but
financial results are reported in USD.
Given this reality, we literally broke
Excel as it does not have the
computational power to process the
all the financial variables that affect
our business. When this happened I
started searching the globe for
alternatives to Excel and settled on
Quantrix,¡± said Alan Seigrist, Chief
Financial Officer at The Executive
Centre, http://www.executivecentre.com
¡°With Quantrix it was completely different. Learning Quantrix and building the model
was a snap ¨C I recreated and improved the
core financial model for my business in less
than two weeks. I have never seen my chief
controller so excited about software ¨C even he
loves the simplicity of the interface.
I abandoned my Excel model (which took up
25 MB), and using Quantrix rebuilt it with more
flexibility, logic, accuracy and bottom-line
confidence in a file that is more than 90%
smaller than the equivalent file in Excel. This
has the added advantage of freeing
computational capacity on my computer,
resulting in very speedy calculations and
instant sensitivity analysis.¡± Alan continues.
In addition to being a regional distributor of
Quantrix software, Take5People also
developed Take5 Human Resource and
Payroll solutions that incorporated Quantrix¡¯s powerful and easy to use analytical capabilities to deliver a complete Human Resources
solution to customers in the region.
About The Executive Centre
The Executive Centre is Asia¡¯s leading premium serviced office operator, providing ondemand
office accommodation, virtual office representation services, meeting facilities,
and a broad range of business support services. With 30 locations throughout Asia-
Pacific Region, of which 19 are located in Greater China, The Executive Centre is at the
cutting edge of the serviced office industry, operating a dynamic and rapidly expanding
Asia-Pacific network. The group was
awarded the Network World Asia All
Star Award and Hong Kong Business
Magazine¡¯s High Flyers Award.
Established in 1994, The Executive
Centre has expanded to 15 major
cities in the Asia-Pacific region - Hong
Kong, Beijing, Shanghai, Tianjin,
Shenzhen, Guangzhou, Macau,
Taipei, Tokyo, Seoul, Singapore,
Jakarta and Sydney. The company
now commands leading market
shares in Hong Kong, Seoul, Beijing,
Shanghai, Macau, Taipei and Singapore.
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. For more information about Take5 People,
please visit www.take5people.com.
Media Contact: media@take5people.com
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