Roswell, GA – January 2008. Bitam, a Software 500 Company and a global provider of Enterprise Performance Management (EPM) solutions, including Business Intelligence (BI), Financial Planning and Strategic Planning, announces that Compass Bancshares, Inc. (NASDAQ: CBSS), a Southwestern financial holding company headquartered in Birmingham, Alabama, has selected Bitam Business Intelligence (BI) solutions to standardize and distribute financial reports throughout the organization.  Compass operates 415 full-service banking centers in Alabama, Arizona, Colorado, Florida, New Mexico and Texas.  The growing financial institution will use Bitam’s Artus, Papiro and Advisor products to create, generate, schedule, and distribute financial reports to all levels of management, quickly and efficiently.

Before the implementation of Bitam’s solutions, Compass Bank’s reporting procedures took days for executives to receive the reports they needed.  Standard operating data from Compass’ transactional systems was gathered, then mailed to branch managers.  Using Bitam’s Papiro, a robust report generator plus more, financial executives of Compass Bank will have an easy-to-use interface that allows the creation of reports with advanced formatting and complex calculations that can be scheduled at regular intervals and delivered to branch managers in a short period of time.  Unlike other report writers, Papiro delivers more than static reports and provides flexible drilling options for users who want to get detailed or summary data on demand.  Compass Bank users can log on to a reporting portal, see a list of reports that they subscribe to, and even attach other relevant documents such as spreadsheets, documents, and PDFs.

“The financial analysts and IT department of Compass Bank needed a solution to electronically create their reports.  Bitam’s Papiro enabled non-technical users to distribute reports across the organization with little to no training,” said Walt Kenzie, US Southeast General Manager of Bitam. “Instead of spending days, even weeks, to generate reports, with Bitam solutions, it takes less than a day for executives to distribute their own reports. Also, with Bitam’s Artus they will have the ability to see their information through dashboards in a more effective manner.”

Additionally, Compass Bank will use Bitam’s Advisor solution, part of Bitam’s fully integrated BI platform that delivers event-driven notifications and targeted information to the right people within the organization.  Users will be alerted via email if a key performance indicator, such as a particular financial value in a report, has reached a certain condition that requires action.  Advisor saves time and lowers costs by providing subscription-based report delivery and predefined schedules with no programming required.