PRESS RELEASE: The company stated that its name change and new branding reflect its success in serving the mining and mortgage industries and its plans for expansion into the life sciences and oil & gas industry groups later this year.   

Management systems have not kept pace with the speed of business change. To succeed, managers need new approaches that enable them to make continuous, value-driving decisions.

Riivos' real-time, industry-cloud applications are designed to give managers and their teams the power to realise optimum financial performance by seeing the future, financial, ripple effects of business condition changes and management decisions across their complete value chain. Teams see their business in a way that is natural to them - enabling collaborative discovery, exploration, analysis, and tracking of opportunities that drive value.

Michele McGovern, CEO of Riivos, said: "Today, billions of dollars in stakeholder value are waiting to be captured by organisations that shift their teams into a real-time decision flow. We're on a mission to eliminate the latency between strategy and operations, and between idea and impact, so that our customers can manage their future with confidence. In addition to adding new industry groups, we're working on enhanced predictive analytics and machine learning capabilities to help customers achieve increased levels of enterprise value."

Riivos cloud applications, built by industry experts, marry the Riivos advanced technology platform with industry expertise. Platform capabilities allow non-programmers to quickly configure new-industry applications in weeks, not years, enabling Riivos to move into new vertical industries quickly and continuously deliver new functionality to customers. The built-in algorithmic calculation service can crunch through millions of data relationships to produce financial and operational metrics in real-time. Riivos supports two-way data integration with enterprise resource planning (ERPs), operational systems and financial applications using web service application programming interfaces (APIs).

Steve Warren, CTO at Riivos, commented: "Riivos' powerful technologies augment and accelerate the human ability to create impact by helping teams quickly see the financial implications of decisions before they are made. By creating an integrated view of the whole organisation, senior leaders communicate using a shared language of success, unleashing the creativity and problem-solving capacity of their people. We continue to innovate and develop advanced technologies that enable customers to manage their economic future in real-time."