Despite a two-year downturn in technology spending, Silvon Software predicts investments in enterprise performance management (EPM) applications will increase during 2003 as companies focus on software that improves organizational performance and sharpens competitive advantages.
Silvon CEO Mike Hennel cites a gradual, consistent rise during 2002 in the number of companies evaluating Stratum his firm's EPM software suite as the basis for his positive outlook for 2003.
"Most organizations have the data necessary for providing managers and executives with support for faster, better decision-making based on actual performance," Hennel continued. "But few companies have made the most of their technological infrastructure to achieve this goal."
Silvon provides customers with analytic and process management applications designed to monitor and raise enterprise performance. Stratum offers capabilities beyond basic business metrics, such as planning, forecasting, closed-loop processing and exception management. The software also has Web-based viewing and reporting features that allow companies to extend supply chain visibility securely beyond traditional enterprise boundaries to partners, suppliers and distributors.
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