Veracitiz Solutions - Providing Perspective of Various Business Activities
To stay ahead in the competitive business environment, it has become imperative for organizations to focus on both technical and financial side. However, most of the IT vendors focus on the technical part and ignore the functional expertise required. As a consequence, projects become technically driven and businesses lose interest in taking it to the next level. Hence, companies need a partner which has both financial and technical knowledge on EPM products.Mumbai headquartered Veracitiz Solutions leverages IBM Cognos to enable enterprises to enhance performance management processes both from the financial and technical aspects. The company has already established itself within the Indian market by optimizing EPM solutions of IBM and is providing regular services to clients such as Genpact, Lupin Pharma, Mercedes, Mindtree, Lafarge etc.
Phased Approach by the Team of Experts
Veracitiz team constitutes of experts from Finance, Economics, Accounting and IT. The amalgamation of experts from different domain has helped Veracitiz Solutions to create an image of a company which understands the language of business and is able to implement IBM solutions in better ways.
Veracitiz is able to optimize IBM solutions better because it interacts on the finance or operation side by using IBM Cognos as an enabler. “We focus on business analytics using IBM Cognos and do not interact too much on the IT side,” explains Ashay. This strategy has portrayed Veracitiz as a trusted IBM partner.
The company guides its clients in implementing IBM Cognos to perform process mapping, understand the intricacies and customer needs throughout the development and implementation process. Since its inception in the year 2011, Veracitiz has always ensured to take a phased approach to ensure that the clients effectively move to automated PMS without any hassle.
Transition to an automated PMS is possible because the company identifies the requirements of clients in the initial stage and further builds proof of concepts.
Enhancing Overall Enterprise Performance
From business intelligence to financial performance, statistical forecast and strategy management to analytics applications, Veracitiz has been leveraging various IBM Cognos modules for assisting enterprises in all the aspects performance management. One of the sub brands of IBM Cognos is TM1. Veracitiz recommends Cognos TM1 to enable clients to analyze and create budgeting models. “We help customers to reduce their planning cycles by as much as 75 percent and reporting cycles from days to hours using Cognos TM1,” explains Ashay.
To provide self-service capabilities and business agility to enterprises, other IBM’s product - Cognos Business Intelligence solution is made available. “Cognos BI enables users to respond quickly to rapidly changing business needs because it provides immediate snapshots of business performance in enterprise-class reports that are assembled dashboards based on trusted information,” he adds.
Information gathered on assembled dashboard is further used to predict what will happen next so that companies can make smarter decisions, solve problems and improve outcomes. With regards to this, Veracitiz helps in utilizing IBM SPSS. “Rich in analysis and visualization features, IBM SPSS Statistics provides insight into data and tools for prediction and forecasting,” explains Ashay.
After forecasting, it is also vital to optimize information for the purpose of sales of products or services. For enhancing sales, Veracitiz helps clients in utilizing IBM Incentive Compensation Management Solution. “We help organizations automate the process of administration, calculation, reporting and analyzing variable-based pay programs using ICM. It also increases accuracy, reduce costs and improve visibility into sales performance and compensation plans,” he further explains.
From business intelligence to financial performance, statistical forecast and strategy management to analytics applications, Veracitiz has been leveraging various IBM Cognos modules for assisting enterprises in all the aspects performance management. One of the sub brands of IBM Cognos is TM1. Veracitiz recommends Cognos TM1 to enable clients to analyze and create budgeting models. “We help customers to reduce their planning cycles by as much as 75 percent and reporting cycles from days to hours using Cognos TM1,” explains Ashay.
To provide self-service capabilities and business agility to enterprises, other IBM’s product - Cognos Business Intelligence solution is made available. “Cognos BI enables users to respond quickly to rapidly changing business needs because it provides immediate snapshots of business performance in enterprise-class reports that are assembled dashboards based on trusted information,” he adds.
Veracitiz Solutions leverages IBM Cognos to enable enterprises to enhance performance management processes both from the financial and technical aspects
Information gathered on assembled dashboard is further used to predict what will happen next so that companies can make smarter decisions, solve problems and improve outcomes. With regards to this, Veracitiz helps in utilizing IBM SPSS. “Rich in analysis and visualization features, IBM SPSS Statistics provides insight into data and tools for prediction and forecasting,” explains Ashay.
After forecasting, it is also vital to optimize information for the purpose of sales of products or services. For enhancing sales, Veracitiz helps clients in utilizing IBM Incentive Compensation Management Solution. “We help organizations automate the process of administration, calculation, reporting and analyzing variable-based pay programs using ICM. It also increases accuracy, reduce costs and improve visibility into sales performance and compensation plans,” he further explains.
