|By Business Wire||
|January 28, 2014 02:00 AM EST||
The Aptitude Allocation Engine is a new software product that empowers business leaders to unlock financial insight and profitability using Big Data. The product enables enterprise Chief Financial Officers and heads of business to measure the profitability of products, customers, channels, contracts and other dimensions more quickly and in more detail than previously possible.
Goals for data-driven business leaders
With new growth targets and increasing pressure from competitors, shareholders and customers comes the need for increased transparency into costs and the drivers of profitability. Many large companies struggle to quickly calculate detailed profitability, such as of an individual customer, as existing finance IT systems aggregate data and are geared to serving statutory reporting needs.
Using Big Data to unlock financial insight
The Aptitude Allocation Engine leverages a step change in processing performance, enabling enterprises to calculate detailed profitability quickly and improve strategic business decision making.
The underlying Aptitude platform incorporates in-database, in-memory and parallel processing technologies to rapidly process large data volumes. In contrast to other Big Data technologies, Aptitude is suitable for financial processing within large organizations where data integrity and auditability are invariably essential components of the Big Data project.
The Aptitude Allocation Engine utilizes this processing capability, using the data held within and the processing horsepower of an enterprise data warehouse to calculate profitability at granular levels. The processing speed helps analysts to not only calculate profitability but also to quickly iterate analyses to determine the drivers of profitability.
Calculating the profitability of an individual customer or product often requires this processing horsepower. A relatively small regional bank, for example, will have millions of accounts, thousands of branches, and hundreds of products. Allocating costs from hundreds of cost centres and deriving the profitability of individual customers can require the processing of hundreds of millions (and sometimes, billions) of calculations. The Aptitude Allocation Engine is able to process transactional level data making it possible to analyze the profitability of an individual product sold through a specific sales channel, without the need to wait overnight for answers.
“Business leaders at large organizations have spoken to us about the need to extract more insights from their data in order to drive business growth. Better strategic decision making is a top priority for CFOs, but answering questions about the profitability of individual products and customers is often technically exhausting and near impossible to achieve quickly,” says Tom Crawford, Executive Vice President at Microgen. “We’ve listened to the market and are excited to launch the Aptitude Allocation Engine. It provides large, leading enterprises with the ability to unlock insight and profitability from their data.”
Product overview webinar
- 30 January 1400 UK (GMT), 900 NY (EST)
- 4 February 1700 UK (GMT), 1200 NY (EST), 900 (PST)
Tristan Atkins, SVP of Product Management, will introduce the Aptitude Allocation Engine. We will discuss the approaches that large and leading firms are taking to get better financial insight and to optimize profitability.
Webinar with Forrester Research - “Financial Performance Management in the Age of Big Data”
25 February 1600 (GMT), 1100 NY (EST)
Senior analyst George Lawrie will present how leading enterprises are facing the challenge of measuring and optimizing line-level profitability. Join peers from industry to discuss how the Big Data and other technologies are being used by finance to make better strategic decisions.
About Microgen Aptitude Limited
Microgen Aptitude Limited, a Microgen plc Group Company (LSE: MCGN), is an enterprise software provider with expertise in helping CFOs at large enterprises to achieve financial insight, control and transparency.
The company’s customers include many of the world’s leading firms across a range of industries. Uniquely, Aptitude software combines finance domain expertise with a software platform that is able to rapidly process massive amounts of data.
Copyright © Microgen Aptitude Limited 2014. All Rights Reserved.
Microgen Aptitude Limited is a Microgen plc group company.
Microgen ® Microgen plc. Aptitude ® Microgen Aptitude Limited.
Microgen Aptitude - European & U.S. Patents Pending (for more information please refer to our website: http://www.microgen.com/patentsandtrademarks)
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 28, 2015 11:30 PM EDT Reads: 814
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Aug. 28, 2015 09:00 PM EDT Reads: 285
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Aug. 28, 2015 07:45 PM EDT Reads: 158
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Aug. 28, 2015 06:00 PM EDT Reads: 307
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Aug. 28, 2015 05:45 PM EDT Reads: 453
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Aug. 28, 2015 05:30 PM EDT Reads: 403
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Aug. 28, 2015 03:45 PM EDT Reads: 167
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Aug. 28, 2015 03:15 PM EDT
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Aug. 28, 2015 03:01 PM EDT
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Aug. 28, 2015 02:15 PM EDT Reads: 408
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
Aug. 28, 2015 02:00 PM EDT
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Aug. 28, 2015 12:30 PM EDT Reads: 116
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Aug. 28, 2015 12:30 PM EDT Reads: 144
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Aug. 28, 2015 12:30 PM EDT
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Aug. 28, 2015 12:00 PM EDT Reads: 191