We’re pleased to share that yesterday the Revelwood BPM Suite (now called Lightspeed) was named Best FP&A Technology Tool at the Financial Forecasting & Planning Innovation Conference!

The BPM Suite is an out-of-the box implementation accelerator for mid-market and enterprise financial planning, reporting and analytics. It is the first and only fully developed application accelerator for planning, reporting and analytics on the IBM Cognos TM1 and IBM Cognos Express Xcelerator platforms.

The judging panel that selected the BPM Suite over competing products was made up of financial planning and analysis practitioners from Papa Murphy’s, Skype, Newell Rubbermaid, Siemens, Actavis and Carters. They evaluated the BPM Suite based on the quantifiable benefits it delivers to Revelwood clients.

For example, the BPM Suite has enabled Revelwood clients to:

• Cut the amount of time they spend on monthly budgeting by 50%
• Perform the monthly close five times faster
• Reduce the time for the reevaluation process from “hours on end” to 30 minutes

“Revelwood’s BPM Suite accelerated our implementation by giving us a starting point for financial and staff related planning and reporting,” said Dimitrios Misantonis, director of financial systems, Madison Square Garden.

The award was one of seven given out at this week’s conference, which drew more than 200 FP&A professionals from across the world. Our fellow award winners included Louisville Slugger, Zipcar and The Boston Globe.

We’d like to thank The IE Group, who organized the conference and gave out the awards, and the judges who took time out of their busy schedules to evaluate the BPM Suite. And congrats to our fellow award winners!