WESTMONT, IL — November 8, 2002 — Despite a 2-year downturn in technology spending, Silvon Software predicts investments in Enterprise Performance Management (EPM) applications will increase during 2003 as companies focus on software that improves organizational performance and sharpens competitive advantages. Increased spending on EPM solutions will spur gains in productivity and profitability, which in turn will contribute to economic recovery.
Silvon CEO Mike Hennel cites a gradual, consistent rise during 2002 in the number of companies evaluating Stratum — his firm’s EPM software suite — as the basis for his positive outlook for 2003.
“We see our customers — manufacturers, distributors and retailers — focusing technology investments on measuring and enhancing business performance,” Hennel said. “As the economy bounces back, they expect to be in a better position to meet increasing demand and compete for greater market share.”
“Most organizations have the data necessary for providing managers and executives with support for faster, better decision-making based on actual performance,” Hennel continued. “But few companies have made the most of their technological infrastructure to achieve this goal.”
Silvon provides customers with analytic and process management applications designed to monitor and raise enterprise performance. Stratum offers capabilities beyond basic business metrics, such as planning, forecasting, closed-loop processing and exception management. The software also has Web-based viewing and reporting features that allow companies to extend supply chain visibility securely beyond traditional enterprise boundaries to partners, suppliers and distributors.
Supply Chain industry analyst AMR Research has echoed Silvon’s positive outlook in recent writings on the “Performance-Driven Enterprise” — a term the firm coined.
“Since introducing the (EPM) concept, we have gotten tremendous feedback on how big a void exists for systems that help managers make decisions," said John Bermudez in an AMR Research Alert dated October 10, 2002. "Filling part of this void are vendors like Silvon, who has developed advanced analytic applications to monitor important business metrics."
Today Silvon is assisting its mid-size Fortune 1000-class customers with these types of initiatives:
To underscore his company’s commitment to the EPM philosophy, Hennel said Silvon has changed its corporate tagline to “The Enterprise Performance Management Company.”
About Silvon Software, Inc. – www.silvon.com
Founded in 1987 and headquartered in Westmont (Chicago), Illinois, Silvon Software is a global provider of enterprise performance management applications for manufacturing, wholesale distribution and retail enterprises. The Silvon Stratum suite of applications features completely integrated modules for planning, analyzing and managing Sales, Marketing, CRM, Manufacturing, Procurement, e-Business, and Profitability Performance. The company's products are currently installed at more than 1,400 businesses worldwide.
Pat Hennel
Silvon Software, Inc.
Phone: 630-655-3313
pat.hennel@silvon.com
Tim Boivin
TechImage (for Silvon Software)
Phone: 847-279-0022 (x229
tim.boivin@techimage.com