4th March 2016
Xencio’s leading edge finance automation suite (Xencio CFA) has been officially upgraded to version 2.0. From the 1st of March 2016, version 2.0 was successfully released to all Xencio’s cloud-based SaaS customers, as well as on-premises customers such as Unilever and Merck. The latest version of Xencio CFA includes many new features, such as rolling forecast, income/expenditure analytics, customer/supplier analytics and comprehensive balance management.
One of Xencio CFA 2.0’s early adopters, fortune 500 company Merck, is a German chemical, pharmaceutical and life sciences company with around 50,000 employees worldwide. Merck was founded in 1668 and is one of the largest pharmaceutical companies in the world.
Among one of the many new features, rolling forecast utilizes existing finance formulas in conjunction with innovative machine learning algorithms. Rolling forecast is disruptive to the traditional excel-based finance analysis and reporting. Its project implementation in Merck China was recently nominated for the annual Merck Global CFO award (2016).
Through continuous feedback from Xencio’s customers and corporate beta testers, Xencio has developed an intuitive application that requires minimal training. Focus on iterative design and development principles at Xencio, ensures that their elegant design will provide immediate value to your business. 2.0 sees the beginning of a long-term professional relationship between Xencio and all its customers.
As one of the market leaders of the industry, Xencio will continue to innovate, automate and help businesses to thrive worldwide.