Arvato Financial Solutions, a leading global financial services provider, has announced an agreement with LatentView Analytics, an internationally leading, award-winning analytics and decision sciences provider.
The cooperation focuses on delivering services and solutions that help companies drive digital transformation of financial business processes and use data to gain a competitive advantage. As part of the agreement, the two parties will collaborate to provide analytic services to different industries such as e-commerce, insurance, banking and telecommunications.
The agreement between Arvato Financial Solutions and LatentView Analytics provides international clients both with exceptional consulting services comprising Arvato Financial Solutions’ in-depth experience in financial business processes, industry and domain expertise and with LatentView’s leading techniques in advanced analytics environments. With a focus on clearly defined use cases and a mutual alignment on strategic goals the partnership guarantees the smooth integration with daily business, continuous change management and regular internal communications for the clients.
“The cooperative agreement and the joint market entry are particularly aimed at large, multi-year and international consulting projects of an outsourcing nature. Our goal is nothing less than to support the profitable, data-driven digital transformation of businesses by leveraging advanced financial analytics”, said Dr. Frank Schlein, President Risk Management International at Arvato Financial Solutions. Joerg Brendemuehl, Vice President Consulting Services, added: “In this process, the teams will be addressing defined, business-critical challenges along the order-to-cash processes and deliver customer information from the user’s point of view. This way, the cooperation creates a large added value for our clients by optimizing their financial processes.”
“We are excited to be partnering with Arvato as we look to expand our footprint in Europe. Combining LatentView’s cutting edge capabilities in the field of advanced analytics with best-in-class financial services from Arvato will enable us to provide new and impactful analytics services to companies. We are looking to deliver value to clients by harnessing the power of artificial intelligence and machine learning to transform their business processes, drive innovation and enhance customer experience”, said Gopi Koteeswaran, CEO LatentView Analytics.
The digital transformation of business processes is the key challenge companies are currently facing. Especially in the context of finance processes heterogeneous data and inconsistent activities as well as a big variety of vendors and systems sometimes lead to a difficult and complex starting situation. Corporates therefore need to identify the success factors for the digitalization of finance processes.
External knowledge like Arvato Financial Solutions’ longstanding expertise in order-to-cash processes combined with data quality, accuracy and accessibility with advanced analytics are among the key factors for a business-impact driven transformation and quick results.
About: Arvato Financial Solutions is a global financial services provider and part of Bertelsmann SE & Co. KGaA as a subsidiary of Arvato.
As a financial solutions provider, the company manages around 10,000 customers, specializing primarily in the retail/e-commerce, telecommunications, insurance, banking and healthcare sectors. This makes it Europe’s third largest integrated financial service provider. For more information, please visit http://finance.arvato.com
About: LatentView Analytics is a leading global analytics and decision sciences provider, delivering solutions that help companies harness the power of Artificial Intelligence and Machine Learning to drive digital transformation and use data to gain a competitive advantage.
With a presence across the globe, LatentView Analytics has more than 550 employees in offices in Princeton, San Jose, London, The Netherlands, Ireland, Singapore and India. LatentView Analytics is noted for its experience in real-time, big data analytics and has expertise in unconventional data sources and cloud-based data ecosystem. It has been recognized as a ‘Cool Vendor’ by Gartner and ‘Analytics Solutions Provider 2017’ by Frost & Sullivan.
Source: Arvato Press Release
