DALLAS, TEXAS, February 1, 2011 – River Logic, Inc., a leading provider of corporate performance management and predictive modeling software, today announced that Siberian Coal Energy Company (SUEK), Russia’s largest coal producer association and the only domestic company among the top ten world coal producers, has selected Integrated Business Planner™ (IBP), a strategic planning application for fully integrating financials with Sales and Operations Planning (S&OP). IBP will be instrumental in integrating SUEK’s production, transportation, marketing, and financial planning processes. Through advanced analytics, what-ifs, and optimization, SUEK will have the ability to plan monthly, quarterly, half-year, and annually, determining outcomes and optimizing financial performance for the company.
“We were attracted to the flexibility of IBP. We can determine things such as how to: model blends of coals; customize multicriteria optimization; and simulate financial flows,” stated Alexey Dmitrochenko, Head of UPIDR, SUEK. “We expect our transition to IBP to streamline efforts for determining realistic plans for the company and in shorter time.”
Alexander Gomonov, GMCS Business Development Director stated, “We’re very happy to introduce true Integrated Business Planning to Russia. The IBP solution will provide forward-looking, highly valuable cross-functional capabilities to SUEK, a world-class company and trusted client. At GMCS, we’re committed to providing competitive differentiation to our clients through innovative technology and our partnership with River Logic is proof of that commitment.”
Integrated Business Planner™ extends beyond traditional supply and demand balancing by evaluating the opportunity cost of constrained resources, maximizing the marginal contribution of SKUs and trade dollars, and optimizing the trade-offs between customer service and inventory policies. Businesses can optimize decision-making from multiple perspectives with IBP, including: demand shaping, capacity planning, supply planning, inventory planning and customer service policy, product mix and profitability, and financial planning.
“Global supply chain complexity demands a technology commitment. There are a variety of systems available to help businesses reduce their planning cycle; however, River Logic provides the only white space integrated planning solution which simultaneously integrates demand shaping with supply and financial planning to optimize decisions and provide insights on costs, profitability, and marginal economics,” said Carlos Centurion, COO for River Logic. “We’re pleased that our international partner, GMCS, has successfully secured the commitment of SUEK for what will be an exciting transformation of SUEK’s planning process.”
About Siberian Coal Energy Company (SUEK)
SUEK is Russia’s largest coal producer association and the only domestic company that is among the top ten of the world coal market in terms of coal production. The company provides about 30% of the supply of thermal coal in the domestic market and approximately 20% of Russian coal exports. Branches and subsidiaries of SUEK are located in Krasnoyarsk, Primorsky, and Khabarovsk territories; Irkutsk, Chita, and Kemerovo regions; Buryatia and Khakassia. SUEK is a major shareholder in Kuzbassenergo and Yenisei TGC. For additional information, visit www.suek.ru.
About GMCS
GMCS is a leading Russian consulting company in the IT field, executing complex projects aimed at improving business efficiency. GMCS is a partner of leading global suppliers of software, including: IBM Cognos Planning, IBM Cognos 8 BI, Infor ERP LN, Microsoft Dynamics AX, Microsoft Dynamics CRM, Microsoft Office Solution Accelerator for Sarbanes-Oxley, Microsoft SharePoint, Oracle E-Business Suite, PlanDesigner, SAP Business Suite, and others. The consulting company was founded in 1997 and is headquartered in Moscow, with regional branches in St. Petersberg and Kiev. For more information, visit www.gmcs.ru.
About River Logic, Inc.
Founded in 2000, River Logic provides Corporate Performance Management (CPM) solutions which meaningfully impact consumer goods companies and health services providers. CPM solutions are built on our predictive modeling and analysis platform, Enterprise Optimizer® (EO). EO drives our differentiation and yields significant commercial advantages to partners and clients.
Consumer Goods Companies discover hidden potential through: Cost-to-Serve Planner™ – provides insight into which customers and products matter most and how they can be managed at the appropriate cost; Integrated Business Planner™ – enhances S&OP through seamless integration of financials, what-if analyses, and marginal profitability analyses; Trade Promotion Optimization Planner™ – ensures maximum return on trade spending by analyzing brand and account-level promotion strategies on an ongoing basis; and Network Design & Optimization Planner™ – optimizes networks to changes in demand, supply, labor, transportation, and outsourcing initiatives. Health Services Providers can improve performance in integrated delivery environments through increased operations visibility with Integrated Delivery System Planner™. For more information, visit www.riverlogic.com.
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For more information, press only:
Donna Martinez
Director of Marketing
214-393-4664
dmartinez@riverlogic.com
