DALLAS, Aug. 22, 2018 /PRNewswire/ -- Since the inception of Gartner's new Market Guide for Corporate Financial Planning Applications a few years back, River Logic has been recognized as a key player in the space. "Application leaders within finance teams can use a variety of corporate planning applications to satisfy the budgeting, planning and financial modeling needs of their organization, whatever its size, industry and location." (Gartner, Market Guide for Corporate Financial Planning Applications, Iervolino, C., Van Decker J.E., Chandra, R., August, 2018.)
Corporate Financial Planning Applications are the most widely used Financial Planning and Analysis (FP&A) solutions and have a wide range of use cases. This year, several different types of vendors were represented in the Market Guide. Some vendors offer solutions that are specifically focused on an industry, some offer solutions only within FP&A, and others focus on solutions that span multiple industries and business functions.
Of the 20 vendors listed in the Market Guide, River Logic is the only solution that provides prescriptive analytics backed by end-to-end optimization. River Logic is cross-industry and supports a wide range of use cases relevant to the Office of Finance, such as integrated financial planning, strategic planning, cost and profitability modeling, capital planning, workforce planning, portfolio planning, and more. In addition, River Logic offers applications that address problems outside of the standard FP&A use cases, such as risk management, supply chain planning, sales and operations planning, promotional planning, etc.
River Logic takes a platform approach to delivering optimization-based prescriptive analytics solutions. Its Platform is specifically designed to support finance and business users rather than the Data Scientists who would traditionally handle optimization modeling and prescriptive analysis. River Logic's ability to model and optimize across functions enables business users — e.g., Finance, Marketing, Sales and Operations, other Planners, etc. — to collaborate around "what if?" scenarios in a seamless User Experience that is purpose-built to enable speed and agility during the decision-making process. River Logic customers are able to understand the financial impact of every possible decision and simultaneously optimize feasible resource usage. With its unique integration of operations and finance modules, economic cost modeling, analysis of unit costs, and opportunity values, Finance professionals have robust and highly unique financial modeling capabilities.
About River Logic
River Logic has been a global innovator in prescriptive analytics since 2000. Its optimization platform — purpose built for business users rather than Data Scientists — enables enterprise-wide optimization, collaborative planning, and performance management, all delivered through a revolutionary user experience.
Shannon Kearns | [email protected] | River Logic
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SOURCE River Logic