Carpio Achieves 300% Growth in New Customers with its GesFinTM CPM Suite
Raleigh, NC – 01/12/2009Carpio Solutions, a global provider of performance management solutions, announced 300% year to year growth in new customers licensing its GesFinTM Comprehensive Performance Management (CPM) Suite for budgeting, planning, and forecasting. GesFin is a unified performance management application that provides control, accuracy, and agility to executives responsible for financial and operational business performance. GesFin empowers organizations to improve budgeting, planning, forecasting, workflow, reporting, financial modeling, scenario planning, profitability analysis, KPI monitoring, and financial consolidation. Carpio has rapidly expanded its GesFin CPM customer base in the USA, Brazil, and Argentina.
"We made significant advancements in our product functionality, our global sales team, our partner network, and our CPM delivery staff during 2008," said Marco Fregenal, founder and CEO of Carpio Solutions. "It is rewarding to see CFOs in multiple countries adopt and validate our product, its application to their needs, and our unique value proposition. CFOs are facing difficult planning challenges in this global economic climate and the use of a business oriented CPM application is now a top priority for financial executives."
"The GesFin CPM solution orchestrates the workflow of our entire planning process, which includes many participants across 44 business divisions, 97 management units, 264 agencies, and 658 cost centers. GesFin has improved budgeting and forecasting of our expenses and investments. In addition, we are using it to generate sophisticated what-if scenarios to assess the financial impact of opening new branches," said Pedro Pena, Director of Management Control for Banco Macro. "We especially like how the GesFin CPM Suite is part of the MicroStrategy BI Reporting Platform; this automates the generation of information into our financial reports and board books so we can monitor all performance results real-time."
A sampling of new customers licensing Carpio's GesFin CPM Suite during 2008 are below, these include significant wins demonstrating the seamless integration of Carpio’s CPM product with leading BI Reporting platforms from both MicroStrategy and Microsoft. Other new Carpio customer announcements will be released as separate case studies in the near future.
- Banco Macro is one of the largest private equity banks in Argentina with over 7,500 employees.
- Unimed is the largest medical cooperative in Brazil with over 100,000 doctors and 14 million members. Unimed assures healthcare to 420,000 beneficiaries throughout Brazil.
- Angeloni is among the top 10 Brazilian retail organizations. The chain serves 1.6M customers every month. They operate supermarkets, hypermarkets, pharmacies, fuel stations, and distribution centers.
- Penasul is a member of US based OSI Group, a 20,000 person organization with 4.2B in revenue, operating in 35 countries, with over 40 years of experience in food processing.
- Teikon is a member of the EMS-Alliance, an international network of manufacturing companies located in China, India, Sweden, United States, and Brazil. Teikon serves the global electronic manufacturing service markets including the industrialization of products through the use of SMT and PTH technologies components, logistics, distribution, and services.
