Veolia Leaders Select Tidemark to Collaborate and Create a Unified Plan for Growth
Alignment of Finance and Operations Instrumental to Business Model Transformation
REDWOOD CITY, Calif. – May 11, 2015 – Tidemark, maker of modern cloud business planning and enterprise analytics apps, today announced the company’s recent selection by Veolia Environnement, the global leader in optimised resource management, to support its mission of global transition towards a circular economy. To maximize growth and revenue opportunities from its transformation, Veolia will start by empowering thousands of users across the large multinational corporation with the cloud and mobile-based, collaborative enterprise performance management (EPM) apps provided by Tidemark. This will unify financial and operational data for integrated budgeting, planning, forecasting and analytics.
To support the company’s evolution at an organizational-wide level, Veolia selected Tidemark as its corporate platform for financial and operational planning and analysis. Veolia wanted to improve collaboration between different dispersed business units with central headquarters to optimize its decision-making and realize value quickly. This is why it was vital for Veolia to select an innovative, efficient cloud partner that offered a path towards a new way of solving financial and operational management issues.
Tidemark’s modern cloud and portfolio of apps will empower Veolia to fundamentally evolve existing financial planning and analysis (FP&A) processes. Traditionally FP&A required extensive resource and time management, while limiting the input into corporate planning to only a select few. The emphasis on making budgeting, planning and forecasting much more inclusive means that knowledge and experience is captured from employees and business units at multiple levels within the company. Veolia is now ensuring the most informed strategies are implemented for both local and corporate levels to act on. The outcome is optimized decision-making at every level across the organization.
“Veolia’s decision to invest in the cloud represents a clear signal the organization believes in exploiting the most advanced analytics involved in its financial and operational planning,” said Jérôme Lefebvre, Vice President of the EMEA region for Tidemark. “By gathering insights and empowering collaboration between more parties throughout the company in real-time, the Finance team will serve as a facilitator and strategic partner to its business entities. We are very pleased to help the Finance team at Veolia create a unified approach to planning and analytics.”
Tidemark has seen tremendous global demand over the past year. The company grew significantly over the past year, with a 311 per cent increase in annual recurring revenue and more than 189 per cent customer growth year-on-year.
About Veolia Group
Veolia Group is the global leader in optimised resource management. With over 179,000 employees worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them. In 2014, the Veolia group supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environment (listed on Paris Euronext: VIE) recorded consolidated revenue of €24.4 billion in 2014. (www.veolia.com)
Tidemark is a new breed of enterprise performance management (EPM) software with its modern cloud and mobile-first design. Innovative brands like Netflix, Chiquita, BlackBerry, Brown University, and HubSpot rely on the Tidemark platform and advanced analytics cloud to sharpen decision-making, reduce risk and improve business performance. Using Tidemark’s unique, intuitive apps, decision-makers across the organization gain access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations from any device. Tidemark has offices throughout North America and Europe and is funded by Greylock Partners, Andreessen Horowitz, Redpoint Ventures, Tenaya Capital, and Silicon Valley Bank. To learn more about Tidemark, please visit www.tidemark.com or follow us on Twitter @TidemarkEPM.