Magic Quadrant 2018

Aluminum Industries Combines the Power of Prophix & SYSPRO

 
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Aluminium Industries is a global manufacturing organisation with headquarters located in Victoria, Australia.

The group is split into 5 key brands which focus on the design, engineering, extrusion and fabrication of a range of aluminium-based products across a number of industries. Brands include EDGE Architectural Glazing Systems, Pivotech, aiFAB, and Comtruck. Aluminium Industries have been using the SYSPRO ERP solution since 2012.

Process Improvement Challenge

Aluminium Industries needed to improve the process of business unit financial consolidation, monthly and ad hoc management reporting, and the critical process of budgeting and financial forecasting. The SYSPRO ERP solution provides a strong proven functional solution for the manufacturing process but extra management reporting and budgeting power was needed by the finance team to complement the power of SYSPRO. Aluminium Industries needed a fully functional Corporate Performance Management solution (CPM).

The solution

Aluminum Industries selected Prophix as their CPM solution due to the richness of functionality, ease-of-use of the application, cost effectiveness and speed of deployment offered by the Forest Grove team. The ease of integration to the SYSPRO software was also an important factor. Learn more about Prophix

System Implementation

The first phase of the Prophix implementation has enabled the Finance team at Aluminium Industries to significantly improve their financial reporting system by producing integrated P&L, balance sheet and cash flow reports direct from Prophix. The solution has also demonstrated increased data accuracy between the organisations divisions and clearer visibility within both financial and personnel planning processes.

Prophix has simplified the process whilst simultaneously increasing the sophistication of the company’s cash flow, fixed asset and personnel models. 

In addition to comprehensive management reporting, where budgeted numbers are compared to actual business results, the Prophix system has been implemented utilising Prophix’s drill-through functionality. 

This additional standard Prophix functionality has enabled the Finance team to review actuals provided by the SYS PRO software and also drillthrough and view the underlying transactions behind the value. While early in the CPM lifecycle at Aluminium Industries, the Propix/SYSPRO solution has proved to be an early success. Learn more about Prophix

KNIME - 2018 Gartner Magic Quadrant Market Leader

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For the fifth year in a row, KNIME® , the open source platform for data driven innovation, has been placed in the leader category in Gartner’s 2018 Magic Quadrant for Data Science and Machine Learning Platforms. The placement recognizes ability to execute and completeness of vision.

Gartner, Inc. describes leaders as having “a strong presence and significant mind share in the market. Resources skilled in their tools are readily available. Leaders demonstrate strength in depth and breadth across a full model development and implementation process. Leaders are in the strongest position to influence the market's growth and direction. This gives them the advantage of a clear understanding and strategy for the data science market, with which they can become disrupters themselves and develop thought leading and differentiating ideas.”

“To be recognized again as a leader, while also being significantly moved forward in vision and ability to execute, is humbling,” says Michael Berthold, CEO, KNIME AG. “We have a great community of users and enthusiasts who continually contribute to KNIME, and we are grateful for that. They are helping us build this open source platform that strives to be at the forefront of innovation.”

KNIME owes these accolades to its users from thousands of organizations (including many big players) across various industries, all enjoying the open source, free platform. “While other platforms are commercializing functionality, KNIME is continuing to cause a stir in the market by adding more functionality to the open source platform. The concept of adding the commercial KNIME Server for collaboration, automation, and deployment, without ever limiting open source usage is just brilliant,” comments Stefan Weingaertner, AI Associates. “It’s no wonder KNIME is in the leader category again this year.”

“We’re continuing to invest heavily in the development of our software to ensure our users have everything they need to get their job done, fast. We’re also ensuring there are simple and relevant ways to enable these users to share what they do with other members of their organization,” continues Berthold. “Our commitment to open source is solid and we’ve put everything on GitHub to back that up. This honest, transparent business model works for everyone and we plan on keeping it that way.”