U.S. Corporate Finance Executives Aided in Improving Future Revenue Visibility and Steering Enterprises to Higher Growth and Profitability
- Enhanced Forecasting System Marks Industry's First End-to-End Dynamic Financial Control Architecture -
REDWOOD CITY, CA, Nov. 21, 2002 -- Closedloop Solutions, Inc., a leader in real-time, forward-looking financial management applications for dynamic financial control (DFC), has made public a number of important new enhancements to its enterprise financial management platform. Closedloop Release 3.5 is the only suite of enterprise applications to enable dynamic revenue visibility and dynamic expense steering, key managerial capabilities that enable companies to sense market changes and respond with revised financial plans and operational actions to better achieve corporate financial targets. A detailed description of the enhanced platform is available at http://www.closedloop.com/visibility .
In an article published November 20, 2002, InformationWeek Magazine reports on the value of this tight integration between specialized revenue forecasting and expenditure management applications. The InformationWeek article is published at: http://www.informationweek.com/story/IWK20021120S0003
Demonstrated Market Need
According to industry analyst John Hagerty in an AMR Research Alert published November 5, 2002, "The vast majority of firms recently interviewed for a soon-to-be-published AMR Research Report on business planning and budgeting pinpointed revenue forecasting as the weakest link in any performance management application." Referring directly to the newest version of the Closedloop platform, Hagerty wrote, "From our take, it's the right class of product with the right focus at the right time."
Measurable Customer Benefits
"Closedloop supports our efforts to plan and track our contribution margin on a regional and functional basis," said Tom Beaudoin, Senior VP of Finance and Acting CFO for Parametric Technology Corporation. "It also improves our ability to proactively manage our enterprise profitability and performance. At their level of influence and control, our business managers have the tools to support an integrated view of their profit contribution as well as the means to adjust their headcount, capital, and expense deployment when business conditions warrant. This ultimately drives a culture of concern for profitability and accountability for achievement and higher levels of enterprise performance."
Unique Enterprise Value
Closedloop offers the most comprehensive and distinctive suite of applications for dynamic financial control, spanning unit volume, revenue, expenses, headcount and capital commitments in one easy-to-use, easy-to-configure enterprise software platform. The latest edition of the Closedloop platform includes new capabilities across all Closedloop applications including Closedloop TopLine Manager(TM), Closedloop SpendCap Manager(TM), Closedloop Reporting and Analysis(TM) and Closedloop Exchange(TM).
"Unlike conventional applications for financial planning and budgeting from companies such as Adaytum and Hyperion, the Closedloop platform was designed to support a higher level of self-service by business line managers to encourage their participation in the financial forecasting process," said Chandran Sankaran, CEO of Closedloop Solutions. "By smartly presenting data about historical business performance and delivering the most up-to-the-minute view of revenue expectations in a highly relevant way, Closedloop drives more effective re-forecasting and business steering to help enterprises achieve desired financial results more quickly."
About Closedloop Solutions
Closedloop Solutions offers a suite of enterprise applications for Dynamic Financial Control. This next generation platform helps companies achieve extraordinary return on investment with breakthrough capabilities for revenue forecasting, budgeting, and dynamic expense steering. Headquartered in Redwood City, California, Closedloop Solutions also has offices in Austin, Boston and Chicago. For complete details on Closedloop 3.5, please visit http://www.closedloop.com/visibility , send email to email@example.com or telephone 650/780-5700.
To learn how to leverage your Oracle investment with Closedloop, visit http://www.closedloop.com/oracle . SAP customers please visit http://www.closedloop.com/SAP .