SunSystems, a global leader in business and financial management software, today announced it has bolstered its analytics and business intelligence offering with the introduction of a series of new solutions built on MIS AG's popular technology. MIS was acquired by Systems Union Group plc, SunSystems' parent, late last year for more than U.S. $40 million.
This announcement will go a long way towards helping to alleviate the significant pressure CFOs are under to produce accurate budgets and comprehensive business forecasts. The ability to improve budgeting and forecasting capabilities, while reducing costs and streamlining efficiencies, is critical to today's CFOs because rules, regulations, legislation and guidelines have significantly reduced their room to manoeuvre. CFOs can no longer rely on manual processes and spreadsheets to meet these demands. Instead, they should consider financial management software solutions that provide functionality to manage, monitor and report on enterprise-wide corporate performance.
In recognizing the challenges of today's CFO, as well as the varied information needs of other senior executives, SunSystems has introduced its new range of analytics and business intelligence products, which include: SunSystems Enterprise Planning, SunSystems Consolidation and SunSystems Subsidiary Management. These are state-of-the-art performance management solutions targeted at meeting the needs of mid-market and enterprise organizations around the world. This comprehensive set of solutions covers a range of advanced functionality, including budgeting, planning, forecasting, consolidation and performance analysis.
These products complement the existing spectrum of SunSystems analytics solutions. SunSystems Vision and SunSystems Report Server are reporting and analysis tools that provide ad-hoc query and easy-to-understand key performance indicators (KPIs). They have been extended to provide real-time analysis of information held within SunSystems and other applications that work with SunSystems.
SunSystems chief operating officer John Corden said: "Our comprehensive set of business intelligence and analytics applications puts us way ahead of our rivals. No other mid-to-large market vendor in the world offers an equal breadth of functionality. This balance of financial management and business intelligence functionality means that, uniquely, we can meet the needs of organizations right across the finance function."
The benefits of business intelligence solutions are many. Research by leading analyst IDC* shows that the average return on investment (ROI) over a five year period on analytics applications is a massive 431 per cent with half achieving pay-back within a year.
When business intelligence solutions are combined with real-time financial management applications, users' finance departments can become proactive and value-add. For example, by completing monthly figures rapidly and accurately, extra time can be spent seeking enhancements and business improvements for the organization.
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