HCG Software, LLC, an emerging provider of analytics, budgeting and forecasting solutions today announced the latest version of HCGPrevisionâ„¢, the companyâ€™s integrated solution for financial planning. The upgrades include enhanced features for analytics and budgeting.
HCGPrevisionâ„¢ is a low cost, easy to use application, designed with the end user in mind. With HCGPrevisionâ„¢ decision-makers can unlock information trapped in disparate systems enabling them to access information in an organized and interconnected manner. Using a consolidated database and an easy to use Excel user interface, HCGPrevisionâ„¢ drastically improves efficiency, accuracy, timeliness and accountability for any type of analytics or for the budgeting and forecasting process. Business professionals now have the ability to design, refine and distribute information enabling improved efficiency and better decision making.
According to Steve Daniels, CEO of HCG Software, â€œHCGPrevisionâ„¢ was my dream application. As a former CFO I always struggled with getting my hands around critical information. I knew where the information was located, but the tools I had at my disposal were expensive and difficult to use. We wanted to make sure HCGPrevisionâ„¢ was affordable, easy to use and designed from the userâ€™s perspective. I believe we have exceeded even our own expectations. This is the application I always wanted to have.â€
Since the initial introduction of HCGPrevisionâ„¢ in October of 2005 HCG Software has been working on significant improvements in features and the overall ease of use and performance of the application. New features in this release include sequential write back reporting and managing summary level data.
â€œThis new write back capability is amazing,â€ according to Brandon Frost, Director of Software Development. â€œWe allow a company to massage their data back to the data base using company defined formulas and drivers, and to make this data available for future analysis. What we have done allows clients to more easily manage summary level data and provides added improvements around the importing, removal and changing whole sets of data within the system. As an example clients are able to calculate a flex budget for a given period (using a write back report), spot check those numbers for accuracy, remove the entire period if incorrect, adjust the formulas and drivers in the write back flex report, and then re-calculate the flex budget.â€
Explained Frost, â€œIf you know Excel you know 80% of what it takes to build a simple report or work through the budgeting process. Adding data from a report is as easy as selecting from a list and picking where you want it to go in a worksheet. Rather than learning a reporting tool for each application you have, you can use one reporting tool for all your applications, and it puts your data directly in Excel, but still tied to the data base. It does multi-dimensional analysis, has drill down capabilities, plus all the regular analysis capabilities of Excel. Users can create batches of reports and distribute them, or send spreadsheet copies of reports to people who don’t have HCGPrevision. It is so easy.â€
HCGPrevisionâ„¢ v2.5 is the new generation of analytics. Companies no longer need to be shackled to the existing, hard to use, and expensive tools of the past. With HCGPrevisionâ„¢ the large enterprise has an alternative to the old way of doing business and the small and medium enterprise finally has an application they can afford to purchase that does not require a large IT operation to support.
HCG Software is an application software company with its headquarters in Atlanta Georgia and application development in Portland, Oregon. HCGPrevisionâ„¢ provides a robust Business Performance Management application that is fully integrated for Analytics, Budgeting and Forecasting. Built on a single-store SQL Server enterprise database, it is a full-fledged feature-rich application based on 100% .NET managed code.
For more information about HCG Software, visit the Company’s web site at www.hcgsoftware.com