Unit4 Gives Out Advanced Analytics for Easier Project Management
FREMONT, CA: Unit4, the provider of enterprise applications for service organizations announces an extension to its enterprise solution for Professional Services Automation (PSA), which enables project-intensive organizations to boost competitive advantage and optimize average margins across projects. Unit4 uses its advanced analytics to minimize the effort to accomplish complex tasks. It includes Unit4’s Business World PSA with Machine Learning which helps to analyze current and historical project data. For data-driven project and consulting firms, it accelerates the bidding process regarding new projects and minimizes the risk and assures profitability.
According to Erik Tiden, CTO, Unit4, “Enterprise software is transitioning from merely processing transactions to performing self-driving business analyses that recognize patterns, find anomalies and suggest solutions”. The company enables project teams to exploit the value of historical project data to create competitive advantage and margin improvements by combining predictive analytics with an intelligent user experience and process automation elements.
Unit4’s new solution assembled with its People Platform scans a company’s entire project history and identifies projects similar to a new opportunity. Users are allowed to analyze the suggested reference projects. Also, it predicts the cost, time and effort required for a new project, with reference to previous projects and timesheets.
To carry out the projects with much ease, Unit4 plans to release new Project Forecasting solution which predicts project outcomes instantly. The solution not only helps to manage project performance and risk, but also enables cash flow management more accurately.