TekLink International Inc., Leaders of SAP Analytics, Technologies and Enterprise Performance Management, have integrated SAP Business Planning and Consolidation with Prevedére Software. By integrating these technologies, TekLink provides live predictive forecasting and external leading indicators integrated with Sales and Financial Planning.
“It is common industry knowledge that 85% of a company’s success depends on external factors. Given this, it behooves corporations to not fly blind. The repercussions are too prohibitive for corporations to ignore such external factors anymore,” said Douglas Heck, Senior Vice President of TekLink International. “Just take a look at the impact of low oil prices or the drought in California. These are key events critically important to the Financial Planning Community and Office of the CFO. We have now embedded such predictive forecasting ability into SAP Business Planning and Consolidation. With this product, corporations can now leverage the effect of external leading indicators to their advantage. That is unbelievably powerful.”
TekLink’s offering powered by Prevedére’s proprietary Cloud-based SAAS in–memory correlation engine provides external leading indicators in order to greatly increase forecast accuracy and predictability. With these tools at their disposal corporations will gain a competitive advantage in lieu of being at the mercy of events and factors currently out of their control.
“Our alliance with TekLink will empower corporate executives to have a better understanding of the critical factors that truly impact their businesses, beyond their own four walls – directly within their existing SAP system,” said Rich Wagner, President and CEO of Prevedére. “This integration offers unmatched forecasting capabilities, utilizing real-time external data sets that are paired with existing internal company data to give executives a much clearer view of their business so they can plan accordingly, ultimately improving their bottom lines.”
“From a Planners or Forecaster’s perspective, the need for this integration of the two products is a no-brainer, “ notes Michael Svolos, Enterprise Performance Management (EPM) Vice President of TekLink International. “Planners have always struggled to provide reliable numbers to Wall Street, or predict how expenses will increase in the face of a multitude of external factors out of the control of the corporation itself. At TekLink, our integration has opened the door of possibility to the CFO predicting the effects of external factors and using them to a company’s advantage as part of their normal course of business. It’s groundbreaking.”
TekLink International Inc. and Prevedére Inc. will showcase this Integration at TekLink’s upcoming Innovation Day, September 18th in Lisle, IL.
TekLink International, Inc. headquartered in Naperville, Illinois, is a leading implementer and thought leader offering services in support of SAP solutions to many Fortune 500 companies. Founded in 2003, TekLink specializes in services in support of business intelligence, planning, analytics and data warehousing. TekLink has international offices in India, Switzerland, Germany, United Kingdom and Australia. TekLink’s implementation services enable enterprises to harness the power of Business Intelligence, Analytics, and Business Planning and Forecasting across an organization providing invaluable insights in order to drive critical business decisions across many lines of business. TekLink’s track record of over 800+ projects underscores its commitment to excellence in technology and consulting services
TekLink was awarded the Seven Small Consulting Jewels Award by Consulting Magazine in 2009 and was listed in the category of Top 10 IT Services Companies by Silicon India Magazine in 2009 and 2010.
Prevedére’s award-winning predictive analytics software allows companies to look beyond their own walls for key external drivers of financial performance. Our software collects and analyzes millions of global metrics in real time, including macroeconomic factors, manufacturing activity, consumer behavior, online traffic and weather data. Prevedére’s customers see improved financial performance with more accurate forecasts of future demand for their products and services. Prevedére’s software quickly and easily integrates with any financial planning platform to ensure companies are looking at the right factors that drive business. To learn more visit prevederesoftware.com and follow @Prevedere on Twitter.
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