New Mathsoft Calculation Management Primer Shows How to Reduce Risk and Increase Productivity in Engineering-Based Enterprises


White Paper Presents Emerging Calculation Management Methodology


CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 30, 2003-- The stakes for Calculation Management(TM) are high. Calculations in the engineering-based enterprise today are performed by hand, on calculators and spreadsheets, by ad hoc programs and software packages; they are scattered on desks, personal hard drives, document management systems and file cabinets. In general, engineering organizations are failing to take steps -- such as technology standardization, centralized storage capability and global availability -- to manage calculations. As a result, these companies risk disastrous errors, undertake needless redesign and squander intellectual capital.

With engineering driving the success of so many Global 1000 companies today in an increasingly technical economy, organizations are waking up to the need to put their business-critical calculations under management. Whether it is computing critical product parameters to gauge the impact of obtaining steel from a new supplier, analyzing test data to verify circuitry for a new semiconductor or predicting product performance to determine the elasticity of diapers, applied math calculations form the backbone of design engineering projects.

"Calculation management is open territory for business process automation in engineering," said Allen Razdow, senior vice president of products and services at Mathsoft(TM). "Calculation management is itself a mission-critical business process, complementary to product data management and knowledge management. Today, Mathsoft's customers--which represent 90% of the Fortune 1000 companies--are realizing that, in the current era, where balancing quality, efficiency and cost is key, calculation management is a vital necessity."

This new white paper from Mathsoft, the only provider of calculation solutions that drive best practices for engineers and engineering organizations, offers the first analysis of calculation management, its business drivers and business benefits. Key issues discussed in the white paper include:

-- Why Calculations Matter
-- Life With Unmanaged Calculations
-- The Three Principles of Calculation Management
-- The Limitations of Spreadsheets and Need for Calculation Management

Mathsoft's free white paper, "Calculation Management: Reducing Risk and Increasing Productivity for Engineering-Based Enterprises," is available online at http://www.mathsoft.com/news/.

If you would like to speak with Mathsoft regarding calculation management, please contact David Bowker at Schwartz Communications, (781) 684-0770 or Email Contact.

Mathsoft and Calculation Management are trademarks of Mathsoft Engineering & Education, Inc.

CONTACT: Schwartz Communications
             David Bowker, 781/684-0770 
                 or
             
Email Contact



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