By Telecom Lead Team: As
uncertainty looms over global economic environment, it is tough for companies
to prepare business strategies to maintain revenues. Since revenue of the
telecom sector is well connected to the growth of most of the other business
segments, telecom CEOs take special precautions during slowdown.
In order to cope up with business slowdown and to improve
revenue streams, it is important for the enterprises including telcos to adopt
business intelligence (BI) solutions that help in decision making.
QlikTech, a user-driven Business Intelligence solution
provider, said that globally it is helping companies to work efficiently and to
make decisions. Its Business Discovery platform enables users to explore data,
make discoveries, and uncover insights that can be used to help them solve
business problems in new ways.
With these solutions users can navigate and interact
with data any way they want to. They are not limited to just following
predefined drill paths or using preconfigured dashboards. With the solution
users can ask and answer streams of questions on their own and in groups and
teams, forging new paths to insight and decision. Also, business users can see
hidden trends and make discoveries like with no other BI platform on the
market,” said Andy Honess, vice president, Global Enterprise Account, QlikTech.
There are many areas where it helped Indian companies
during the economic down turn, according to Ramendra Mandal, country manager,
QlikTeck India.
Some key customers in the India market include Reliance
Life, Reliance Capital, Fullerton India Credit, LG Electronics Ltd., Dainik
Jagran, Mid-Day, TATA-AIG General, Parley, Seagrams, Aditya Birla Minacs, Canon
India.
Citing its benchmarking tool, as the game changer, the
company said that it allow CFOs and their staffs to compare their company’s
financial performance with 60,000 peers in industries around the world across
nearly two dozen financial metrics.
This benchmarking tool allows business users to work with
QlikView to understand the Google-like simplicity it delivers to explore and
drill down into financial data for complete and thorough analysis.
Using QlikView with public financial data, a CFO
can see how their company stacks up in performance on key metrics including
such as Cash flow, profitability, earnings, sales growth, assets and inventory
turnovers and return On Assets (ROA), Capital (ROC) and Equity (ROE), which
shows the effectiveness aspect.
“With QlikView, I have the ability pull sales
information from our Oracle ERP and other systems to get a quick view of
performance without running to IT for assistance. The ability to rapidly access
accurate information with significant drill down capabilities provides the
visibility that ultimately aids in making better decisions. And in the current
economic climate, good decision making and rapid execution have never been more
important,” said Bill Carroll, CFO of HoMedics, a provider of personal care and
wellness products.
QlikView’s CFO-users reveal that their roles have evolved
beyond policing budgets and financial reporting to broader responsibilities in
operations and business strategy.
Additionally, with the QlikView in-memory associative
analysis, finance executives can implement performance management decision-making
based on real-time enterprise visibility.
Finance executives of many companies worldwide are using
QlikView’s business discovery platform to visualize, analyze and report on
their most critical financial information, including planning and forecasting,
risk management, cost containment and compliance reporting. As a result, they
are making significant and strategic contributions to their organizations’
bottom-line profitability and overall performance.
The company has added a significant number of partners in
the India market recently and extended their global partnerships to the Indian
market: Blue Star Infotech, Syntel, Capgemini, TAKE Solutions, Team Computers,
Sonata Software, IRT, Computer Solutions and Blue-chip Solutions.
By Danish Khan
[email protected]
