Unit4 Delivers Enterprise Scale AI-Powered Performance Management

Unit4, a world leader in enterprise software for service organizations,
announces today the release of Unit4 Prevero Corporate Performance
Management (CPM) with Artificial Intelligence (AI) and advanced data
analytics to drive new levels of data-driven decision making for
forward-looking organizations.

Boards today expect high quality analyses, suggestions, forecasts and
budgets and they want them faster and more frequently. Prevero with AI
takes advantage of neural networks and deep learning technology to
provide business decision makers with a new source of business support.
On desktops or mobile devices, exec teams and decision makers across a
business will benefit from this new source of business support and ways
of collaborating on common sets of meaningful data. As well as taking
automation to a much higher level, effectively self-driving and freeing
people to focus on more value-add work, it makes decision makers
smarter, so they can take a new perspective on their business and become
much more forward looking.

The use cases for this technology are many and varied. The first
features to be delivered in July 2018 are:

With massive increases in the data being generated and stored by
business applications, the data sets on which machine learning
algorithms can be applied has significantly expanded. The deep learning
capabilities in Unit4 Prevero take advantage of relevant information and
help put it into context. The system learns in a similar way to the
human brain. It memorizes learnings and applies them to new inputs.
Organizations benefit from a multi-layer neural network that learns by
example and improves the quality of its results over time.

“Organizations are only now starting to understand the huge potential
digital infrastructure, AI and deep learning technologies can offer,”
said Craig Schiff, CEO of advisory firm, BPM Partners. “New digital
solutions can help them to manage large amounts of data for greater
business insight, and machine learning and deep learning is a natural
next step to uncovering insights that can drive competitive advantage.
In a few years, finance teams won’t have to spend time on transactional
tasks that don’t add value. Instead they will focus on strategic
priorities, supported by the data they need to make sound decisions that
could change the course of business and deliver more and better
opportunities for their organization.”

“AI, particularly neural networks and deep learning, is a game-changer
for CPM,” said Matthias Thurner, CTO, Unit4 Prevero. “CPM is crucial
today for organizations undergoing digital business transformation,
where operational excellence is required across the board and change is
the only constant. As organizations are redefined, we are seeing an
evolution in what customers want and need from their systems: Ease of
use, agility, high quality insights and rapid value-creation.”

About Unit4

Unit4 is a world leader in enterprise
applications for service organizations. We provide ERP and
industry-focused applications that generate rapid value in the strategic
processes of organizations from sectors including professional
services, education,
services, and not-for-profit.
Unit4 is in business for people.

For more information please visit the website at http://www.unit4.com/about/our-company,
follow us on Twitter @Unit4global,
on our Google+
page or visit our LinkedIn

View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005049/en/

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