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Spend Analysis Tool from BIQ Provides Richer User Environment

BIQ, a provider of innovative spend analysis tools for businesses seeking better visibility into corporate data, announced a new release of its software. The product, also called BIQ, gives business analysts unprecedented freedom to explore and manipulate large datasets from a variety of sources, without IT assistance. This release focuses on enhancing the user experience and boosting productivity with streamlined data handling and advanced graphing features.

Eric Strovink, BIQ's CEO, commented, "This release was driven by our user community, every one of whom is a 'power user' by definition. As BIQ users have grown more comfortable with the experience of unencumbered data exploration, they have become even more enthusiastic about communicating insights to their audiences. And, since many BIQ users are exploring datasets for multiple clients, they've come up with several ways to boost their own productivity. We've incorporated their suggestions and ideas for advanced graphical features and multi-client productivity into this release."

BIQ was founded on the premise that business analysts could gain much more insight into the valuable information that often lies fallow in data warehouses -- if they had a tool for independent, ad hoc analysis. Instead of being constrained by pre-determined data structures, BIQ users have the ability to create their own datasets quickly and easily, and to change them in real time by adding dimensions, adjusting hierarchies, and refining data mappings for any analysis. This enables BIQ users to analyze almost any data source, without being limited by structured Purchasing or Accounts Payable data, or by rigid data warehouse constraints that can only be changed by database experts. As a result, BIQ users spend their time actually analyzing data, rather than struggling with it.

The freedom to communicate and display data relationships is even more dynamic with the user interface improvements and graphing enhancements that are standard in the new release. They include:

-- A completely updated graphing system that includes 'booked' multi-dimensional graphs, statistical functions, and one-click, real time transforms.

-- New ease-of-use features including one-click reporting, one-click stored filters, and simplified model sharing.

-- Support for managing large datasets that exceeds the capacity of commercial archiving and compression utilities.

About BIQ

BIQ's mission is to provide innovative, enterprise level data analysis tools for the business analyst at a reasonable price. BIQ users are from both large and small enterprises within the financial, services, retail, healthcare, and manufacturing sectors. Because BIQ is extremely cost-effective, it can be used alone or in concert with other enterprise tools. The product can be deployed on a laptop, desktop, or server in any number of configurations. BIQ is available on a month-to-month basis, without prepayment or cancellation penalties. For more information about BIQ, visit www.busiq.com.

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