DNB Finans Puts Car Lease Customers in the Driver’s Seat with Online Business Intelligence from Actuate

Mon Mar 4, 2013 7:00am EST

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Actuate BIRT-based BI Reporting Solution Offers Business Customers Unprecedented
Insight into Fuel Consumption, CO2 Emissions & Other Vehicle-Related Costs and
Proves a Significant Differentiator for the Scandinavian Finance Company
SAN MATEO, Calif.--(Business Wire)--
Actuate Corporation (NASDAQ: BIRT), The BIRT Company - delivering more insights
to more people than all BI companies combined, today announced the results of a
significant online business intelligence project with DNB Finans, one of the
largest finance companies in the Nordic region. 

DNB Finans, a subsidiary of DNB Bank Group, is a major player in the car
financing market with more than 300,000 financed vehicles in its portfolio. To
maintain its edge in a difficult market, the Autolease division of DNB Finans
was looking for additional ways to add value for its clients, by helping them to
reduce costs. 

ReportSoft, Actuate`s exclusive reseller partner in the Nordic and Benelux
region, has provided the company with a sophisticated business intelligence
solution which allows managers to analyze vehicle-related spending online, as an
extension to its existing car-lease application. The application harnesses
Actuate`s powerful business intelligence and reporting platform ActuateOne® and
the open source BIRT development environment which underpins it, and caters to
DNB Finans`s 30,000 leased-car customers. 

Commenting on the importance of the new solution to the business as a whole,
Claus Wittrup Hansen, Assistant Vice-President of IT Finance at DNB Bank, said,
"Our customers now have early visibility of issues such as excessive mileage or
fuel-related fraud, and the ability to pinpoint the business units responsible.
This enhances their ability to act, and is likely to increase their loyalty to
us. It is a significant competitive differentiator." 

DNB Finans expects a return on investment within 2.5 years. By this spring, the
reporting platform is due to have been deployed to all 30,000 of its customers.
"Actuate is extremely intuitive and easy to use, so take-up has exceeded all
expectations," Mr Wittrup Hansen said. 

Since adopting the Actuate solution, DNB Finans has seen customer satisfaction
levels soar from 4.4 to 5.1 on a scale of 1-6 for `quality of reporting
solution`. The system has also drawn an additional 31% user logins,
significantly increasing activity on the company`s online car financing system. 

The online tool provides up-to-date management information about fuel usage, CO2
emissions, leasing expenditure, vehicle damage and other variables - with easy
access to status reports and alerts to potential fraud. Activity can be viewed
in alignment with each company`s particular cost structure. The solution is
highly intuitive, delivering visual dashboards, and includes logical controls
for fraud detection and easy administration of the car fleets. Security can be
managed discretely so that clients can see only the information they are
authorized to view. 

The platform is also highly configurable: Actuate`s BIRT 360 dashboard
technology lets users drag their choice of report and visual components onto
their personal dashboards so that they are able to view the information that is
most relevant to them. Actuate`s out-of-the-box BIRT Studio enables DNB Finans`
clients to select particular columns and rows and compile their own reports for
analytical purposes. 

The online cost-monitoring application, which was recognized in the 2012
European Software Excellence Awards, is being heavily marketed across
Scandinavia to promote DNB Finans` car financing business and the broader DNB
brand. 

The next steps will be to further integrate the reporting platform with other
business applications to further enhance the value provided to customers, and to
deliver the content via a customer reporting portal. 

Highlighting the importance of Actuate`s technology to the project, Henrik
Vester Christensen, Chairman of ReportSoft, commented, "The superior power,
flexibility and simplicity of the Actuate BI and reporting technology suite
brought unique value to the DNB Finans project. I don`t know any other solution
that could have delivered the same results." 

Actuate - The BIRT Company™

Actuate founded and co-leads the BIRT open source project, which is used by more
than 2 million developers around the globe and serves as the foundation of the
ActuateOne® platform. Applications built on ActuateOne deliver more business and
consumer insights to more people than all BI companies combined - ensuring
organisations are ready for the exponential growth of Big Data and the
proliferation of touch devices. 

The ActuateOne platform empowers developers to rapidly develop custom,
BIRT-based business analyticsand customer communicationsapplications. ActuateOne
applications built with one BIRT design can access and integrate any data,
including unstructured sources. They provide one user experience regardless of
skill level and are supported by one platform for any cloud, hybrid, on-premise,
web or touch device deployment. 

Headquartered in Silicon Valley, Actuate has over 5,000 customers globally in a
diverse range of business areas including financial services,technology and
thepublic sector. Actuate is listed on NASDAQ under the symbol BIRT. For more
information, visit www.actuate.com or engage with the BIRT community at
www.birt-exchange.com. 

Copyright © 2013 Actuate Corporation. All rights reserved. Actuate, ActuateOne,
BIRT Analytics, and the Actuate logo are trademarks or registered trademarks of
Actuate Corporation and/or its affiliates in the U.S. and certain other
countries. The use of the word "partner" or "partnership" does not imply a legal
partnership relationship between Actuate and any other company. All other
brands, names or trademarks mentioned may be trademarks of their respective
owners.

Actuate Corporation
Kate Lynch, +1 650-678-8658
klynch@actuate.com



Copyright Business Wire 2013

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