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SYSPRO Tackles Predictive Analytics

Written By: Predrag Jakovljevic
Published On: January 24 2014

SYSPRO has announced that it has partnered with Corelytics, Inc., the developer of a cloud-based, predictive analytics solution for financial management. Corelytics anonymously aggregates industry-specific data, creating valuable benchmarks, and delivers dashboard-based visualizations of business performance so that financial performance data can be compared with industry standards.
 
The solution connects into the SYSPRO accounting system and uses live balance sheet and general ledger data to show trends, forecast future performance, and understand performance drivers. The intended industries that Corelytics will serve in conjunction with SYSPRO are manufacturing, distribution, and technical and business services. The two vendors plan to proactively serve the following customer needs:
  • Understand business trends and directions
  • Create a 12-month forecast based on trend patterns (non budget)
  • Track actual performance in comparison to goals or industry benchmarks
  • Drill down into underlying problems
  • Evaluate line-of-business (LoB) contribution
  • Get the management team on the same page with regard to business metrics
 
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