REDWOOD CITY, Calif.,
May 11, 2015 /PRNewswire/
-- Tidemark, maker of modern cloud business planning and
enterprise analytics apps, today announced the company's recent
selection by Veolia Environnement, the global leader in optimised
resource management, to support its mission of global transition
towards a circular economy. To maximize growth and revenue
opportunities from its transformation, Veolia will start by
empowering thousands of users across the large multinational
corporation with the cloud and mobile-based, collaborative
enterprise performance management (EPM) apps provided by Tidemark.
This will unify financial and operational data for integrated
budgeting, planning, forecasting and analytics.
To support the company's evolution at an organizational-wide
level, Veolia selected Tidemark as its corporate platform for
financial and operational planning and analysis. Veolia wanted to
improve collaboration between different dispersed business units
with central headquarters to optimize its decision-making and
realize value quickly. This is why it was vital for Veolia to
select an innovative, efficient cloud partner that offered a path
towards a new way of solving financial and operational management
issues.
Tidemark's modern cloud and portfolio of apps will empower
Veolia to fundamentally evolve existing financial planning and
analysis (FP&A) processes. Traditionally FP&A required
extensive resource and time management, while limiting the input
into corporate planning to only a select few. The emphasis on
making budgeting, planning and forecasting much more inclusive
means that knowledge and experience is captured from employees and
business units at multiple levels within the company. Veolia
is now ensuring the most informed strategies are implemented for
both local and corporate levels to act on. The outcome is optimized
decision-making at every level across the organization.
"Veolia's decision to invest in the cloud represents a clear
signal the organization believes in exploiting the most advanced
analytics involved in its financial and operational planning," said
Jerome Lefebvre, Vice President of
the EMEA region for Tidemark. "By gathering insights and empowering
collaboration between more parties throughout the company in
real-time, the Finance team will serve as a facilitator and
strategic partner to its business entities. We are very pleased to
help the Finance team at Veolia create a unified approach to
planning and analytics."
Tidemark has seen tremendous global demand over the past year.
The company grew significantly over the past year, with a 311 per
cent increase in annual recurring revenue and more than 189 per
cent customer growth year-on-year.
About Veolia Group
Veolia Group is the global
leader in optimised resource management. With over 179,000
employees worldwide, the Group designs and provides water, waste
and energy management solutions that contribute to the sustainable
development of communities and industries. Through its three
complementary business activities, Veolia helps to develop access
to resources, preserve available resources, and to replenish them.
In 2014, the Veolia group supplied 96 million people with drinking
water and 60 million people with wastewater service, produced 52
million megawatt hours of energy and converted 31 million metric
tons of waste into new materials and energy. Veolia Environment
(listed on Paris Euronext: VIE) recorded consolidated
revenue of €24.4 billion in 2014. (www.veolia.com)
About Tidemark
Tidemark is a new breed of enterprise
performance management (EPM) software with its modern cloud and
mobile-first design. Innovative brands like Netflix, Chiquita,
BlackBerry, Brown University, and
HubSpot rely on the Tidemark platform and advanced analytics cloud
to sharpen decision-making, reduce risk and improve business
performance. Using Tidemark's unique, intuitive apps,
decision-makers across the organization gain access to valuable
data, deep analytics capabilities, real-time collaboration, and
actionable visualizations from any device. Tidemark has offices
throughout North America and
Europe and is funded by Greylock
Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital,
and Silicon Valley Bank. To learn more about Tidemark, please
visit www.tidemark.com or follow us on
Twitter @TidemarkEPM.
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SOURCE Tidemark