ENGIE Puts Finance-Driven Transformation into Focus with Tidemark

Company adds 14 new partners and introduces Tidemark Forward™ series

Jul 01, 2015, 06:00 ET from Tidemark

REDWOOD CITY, Calif., July 1, 2015 /PRNewswire/ -- Tidemark, maker of modern cloud business planning and enterprise analytics apps, today announced a series of global initiatives designed to meet the mounting demand from companies worldwide. 

After reporting its record customer and financial performance, the company has embarked on a number of new activities that put a focus on financial and operational transformation for large, multinational corporations. The result has been rapid growth and accelerated momentum for Tidemark, including the addition of new global customers, the expansion of its partner ecosystem, the launch of Tidemark Forward ™ series of events, and recently awarded industry recognition from Finance Monthly.

New global customers. Tidemark today announced that it is working with several transnational companies to improve business performance through organization-wide transformation driven by financial and operational unification.

In early April 2015, the ENGIE Group introduced its new enterprise project to accelerate implementation of its development strategy for its businesses (electricity, natural gas and energy services). In conjunction with this planned transformation, the ENGIE Finance Division initiated the reorganization of the Corporate Management and Reporting and Shared Services functions with the merger, to improve productivity, of its HR Management and Finance Reporting procedures. ENGIE selected the Tidemark application solution as vector for the rationalization, conformity and change of these Group support functions for the purpose of achieving greater relevance in the management of its financial and planning procedures, with the stated objective of a fully integrated reporting system.

The investment in next-generation enterprise performance management (EPM) applications by ENGIE reflects the increased demand among global enterprises to break down data silos, align departmental knowledge, and build corporate budgets, plans and forecasts in real-time. As a result, Tidemark has seen greater customer adoption, recently adding the large services and utilities leader Veolia as well.

"We're consistently hearing from leaders in key global markets that they believe business transformation needs to begin with finance, and they see accessibility to real-time analytics, collaboration, and data visualization as instrumental components to their successes," said Christian Gheorghe, Founder and CEO of Tidemark. "We're seeing demand for Tidemark apps increase significantly among enterprises of all sizes, and we're more than pleased with the 14 new partners we've added as they offer unique value to our community of customers. It is together that we'll help the largest brands manage transformation in order to create global competitive advantages."

A growing partner ecosystem. Tidemark also announced more alliances to its global partner ecosystem, with 14 new partnerships to give customers more options for local implementation, support and services. New partners include:

Also joining Tidemark's partner ecosystem is Synertrade, who will offer to Tidemark's SaaS (software-as-a-service) partners' pre-packaged processes for enhanced Spend Performance Management applications.

Tidemark Forward '15 kicks off July 1 in Paris. Tidemark will inaugurate its Tidemark Forward event series on July 1 at the Studio Harcourt Paris. Featuring appearances by Veolia CFO Philippe Hubert and Group Management Controller Claire du Payrat, Tidemark Forward '15 offers attendees a first-hand look at how global brands like Veolia and others are building new systems of insights with Tidemark to take a more forward-looking approach to financial and organizational transformation. In addition, invited guests will also be treated to an individual photo session at the legendary photo studio, which since 1934 has created indelible images of the world's most unforgettable faces. This is the first in a series of events that take Tidemark across several continents.

Finance Monthly honors Tidemark CEO Christian Gheorghe. UK-based Finance Monthly magazine has announced they are honoring Tidemark founder and CEO, Christian Gheorghe, by naming him winner of a Finance Monthly CEO Award for 2015. Each year, the magazine profiles innovative CEOs who shape the corporate landscape across multiple industries. Gheorghe was chosen through voting by Finance Monthly readers – primarily CFOs, finance executives and CEOs – and others. Finance Monthly Editor-in-Chief Mark Palmer noted that the magazine honors "corporate leaders who deliver results and have achieved considerable success in their respective sectors."

About Tidemark
Tidemark is a new breed of enterprise performance management (EPM) software with its modern cloud and mobile-first design. Innovative brands like Netflix, Chiquita, BlackBerry, Brown University, and HubSpot rely on the Tidemark platform and advanced analytics cloud to sharpen decision-making, reduce risk and improve business performance. Using Tidemark's unique, intuitive apps, decision-makers across the organization gain access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations from any device. Tidemark has offices throughout North America and Europe and is funded by Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, and Silicon Valley Bank. To learn more about Tidemark, please visit www.tidemark.com or follow us on Twitter @TidemarkEPM.

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