Provident opts for real-time analytics software

UK-based consumer credit company Provident International is planning to implement real-time analytics software to provide financial forecasting and consolidation across its entire international division.

UK-based consumer credit company Provident International is planning to implement real-time analytics software to provide financial forecasting and consolidation across its entire international division.
 
The company will roll out software from Applix to about 50 users in 20 business units spanning seven European countries as well as Mexico. The Applix software will be used to manage profit and loss, balance sheets and cash-flow forecasting.

The Applix software will enable staff at Provident International to access reports via Excel or through Web-based user interfaces. Provident International expects to use Applix to revise assumptions in budgets and plans, run “what-if” scenarios, re-calculate data to reflect new real-time information, and develop charts directly in a Web browser.

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