Plans for its next generation financial management and reporting portal have been announced by a leading provider of enterprise compensation and reporting solutions for the financial services industry, Xtiva Financial Systems. Xtiva chose the MicroStrategy Business Intelligence Platform™ to be included in the industry's first financial-services data enabled business performance management portal.

Xtiva's new portal enables clients to:

    * Improve the quality and focus of reporting across the enterprise
    * Reduce total cost of ownership of advanced enterprise reporting solutions
    * Bridge the huge gaps between regulatory and financial reporting today
    * Manage revenue and expenses more effectively


Sanju Bansal, MicroStrategy's COO declared: "We are pleased that Xtiva selected the MicroStrategy platform to incorporate into its new portal." He added: "MicroStrategy's analytical richness and intuitive Web interface provide detailed analysis of granular-level data to help users make more proactive, analytically-based business decisions."

The Xtiva business performance management portal provides full support for compensation management, revenue and expense allocation, revenue and expense consolidation, and unprecedented levels of enterprise reporting.

Xtiva Financial Systems is a leading provider of Software as a Service (SaaS) solutions for the brokerage industry. Xtiva, founded in 1998 and co-located in New York City and San Francisco, has developed leading technologies that enable retail and institutional broker/dealers to streamline enterprise operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues.