Published on the 01/08/2016 | Written by Donovan Jackson
Analytics is an increasingly big deal for businesses of every kind and ERP vendors must satisfy that particular client urge…
Taking a step to enhance its already-substantial analytics capabilities, Dutch ERP company Unit4 recently announced its buy of prevero, a Corporate Performance Management (CPM) and Business Intelligence (BI) solutions vendor.
Sales director of local Unit4 partner Agilyx Sean Jones confirmed enhanced demand for analytics solutions from within its own client base, which includes NZ Post. “That’s for more analytics and even predictive analytics. Customers want to not know just what how their company is performing, but how it will be performing if they make certain business critical decisions,” he said.
Jones said that while Unit4’s Business World has built-in BI, with over 500 standard reports, prevero is expected to ratchet things up more than a notch.
However, in the short to medium term, don’t expect any fireworks as it takes time to bed down any acquisition. “It’s too early for the specifics on the development plan at this date; however, I would imagine that over the next 12 months the prevero product would be integrated into the suite of Unit4 products.”
He noted that strong CPM and BI offerings such as those offered by prevero – which has over 4000 customers around the world – should complement Unit4’s business solutions for services organisations.
In its press release, Unit4 said key capabilities of prevero include predictive analytics and business insights, modelling and simulations and improved access to information thanks to in-memory technology. The vendor was recognised as a visionary in Gartner’s Magic Quadrant for CPM suites for the past three years.
The press release added that the solution will be available both standalone and integrated into Unit4’s People Platform technology foundation.
In the statement, Stephan Sieber, CEO of Unit4 said, “As services organisations face increasing pressure to drive organisational transformation across all functions, CPM and BI are critical to successful strategy execution,” said. “This is particularly true for services organisations that need to find new service models and revenue streams. Through intelligent enterprise solutions they can become more strategic and ensure efficiency and excellence in execution.”
“More than ever, services organisations are looking to optimise the performance of their often over-complex financial planning, budgeting and forecasting processes. They are also looking to drive that same kind of insight down to all facets of the organisation,” added Alexander Springer, prevero’s co-founder and CEO.
Headquartered in Munich, Germany, prevero is a privately held company with customers in 30 countries, including major organisations such as ABB, Audi, BMW, Endemol, Heidelberg, Konica-Minolta, Mercedes, SwissLife and Swisscom.