Redwood City, Calif.-based Tidemark today announced new enterprise performance management (EPM) applications aimed at bringing the company's financial planning, operational planning and metrics management to the cloud and to mobile employees who may need to make decisions on the fly.
Available now, the apps blend cloud-enabled mobile access, social features, business intelligence and Big Data analytics to bring business insights out of the desktop PC era, according to Tidemark CEO Christian Gheorghe.
"The world has changed and people can no longer rely on legacy tools and spreadsheets to manage their enterprises," said Tidemark CEO Christian Gheorghe. "We have reimagined analytics and performance management by bringing people together with data to enable smarter decisions and fast action."
Tidemark's Financial Planning, Operational Planning and Metrics Management apps, which target midsized businesses and enterprises, have been optimized for multi-tenant cloud architectures, according to the company. They feature an HTML5-based interface for mobile device interoperability.
Built-in collaboration features and mobile device support help drive business decision making among distributed workforces. The apps also boast panels -- don't call them dashboards -- that present business analysis and insights in a departure from legacy applications and tools.
Designed for Data Analysis Speed
Tidemark says the cloud-based apps use an in-memory analytics engine that yields data processing rates that are 10 times faster than traditional methods based on SQL. The company's pre-built analytics engine allows organization to configure and deploy the software in as little as 90 days, it says.
Building a fast analytics platform is a priority for Tidemark.
Earlier this month, in the wake of the wake of the Olympic Games in London, Gheorghe drew a parallel between competitive athletics and corporate performance, writing in a company blog post, "Hundredths of a second is the difference between dreams fulfilled, years of celebrity and glory, or the crushing defeat of failed expectations. As any executive will tell you, operating a business requires continuous training and the margin of victory – winning a deal, executing an acquisition, launching a new product, or delivering the quarterly EPS numbers – is often accomplished by the smallest of margins."
The announcement comes as the company welcomes Phil Wilmington as its new COO. Wilmington was formerly CEO at OutlookSoft and was co-president at PeopleSoft before it was acquired by Oracle.