Saksoft, a global software services company focusing on the BFSI segment, announced the launch of Veri-sens, a Ready-to-use, end-to-end Business Intelligence solution designed exclusively for the Banking and Financial Services Industry.
The product is packaged into three modules providing ready to go portfolio performance reports and dashboards for Credit Cards, Retail Assets like personal loans, auto loans and mortgages and Retail Liabilities, and also the High Net worth Individual (HNWI) segment.
The company plans to expand its service offerings into the Business Intelligence space through similar specialised products and solutions for Mutual Funds, Small and Medium Enterprises and Insurance sector, said a Saksoft release.
Saksoft's Veri-sens framework is technology independent and can significantly reduce IT cost by leveraging upon existing infrastructure, proprietary tools, open source tools and the power of cloud computing.
Aditya Krishna, Founder & Managing Director, Saksoft Group said 'Saksoft has maintained its performance over the last few quarters and has significantly increased profit margins by 333% in 2008-09 fiscal. Saksoft is a specialist solutions provider in Information Management and offers a comprehensive suite of ready-to use reports and dashboards.
'Our product Veri-sens stands apart from other BI solutions available in the market because of its specialized domain-specific business intelligence framework which can be deployed across multiple business units and product lines. Veri-sens works with any Transaction processing solution and complements the operational reports available from these systems by meeting the analytical reporting requirements of senior and middle management. Over the next three years, Veri-sens will contribute to 10-12% of the company revenues.
'Our future product roadmap for Veri-sens is to look at technology advancements and addition of new products and business areas to the Veri-sens product family.'
Veri-sens offers pre-built data models, industry standard computational engines and more than 150 pre-built reports and dashboards which help businesses identify, manage and overcome key strategic challenges across multiple functional areas.
'We wanted to extend our core service offerings to customers in India. High costs, high complexity and long gestation period are some of the concerns in the industry, while deploying a new Datawarehouse and Business Intelligence solution. With Veri-sens, we have shrunk the deployment time by at least 50%. In fact Veri-sens can be useful to audit an existing data warehouse or build a warehouse from scratch with a very powerful ETL logic. Veri-sens has an established data model and Key Performance Indicators built by domain experts that can be readily used by the business users', said N K Subramaniyam, Executive Director, Operations and Technology, Saksoft Ltd. 'This business intelligence solution will allow customers to make more informed business decisions, reduce credit risk and respond faster to opportunities and threats.'
According to Gartner, by 2012 organisations will allocate at least 40 per cent of the total IT budgets for business intelligence. With Veri-sens, Saksoft continues to deliver powerful, affordable and easy-to-use solutions with a comprehensive suite of ready dashboards and reports that can immediately address a company's most critical business needs. Veri-sens BI solutions can be used across various levels of the organization from front-line customer service representatives to business analysts and senior executives.
Business intelligence has become one of the top most technology priorities. IDC predicts that by 2013, companies will increase their spending at the rate of almost 10% in this sector. Investments are likely to expand in the areas of production reporting, spreadsheets and ad hoc queries, in the range of about 45- 50 % as compared to the last fiscal.
--IBNS
No comments:
Post a Comment