OAKLAND, Calif. and London, UK - March 07, 2005 - Redi2 Technologies, Inc., providers of Redi2 Revenue Manager(tm), the premier fee billing application in the industry, today announced the release of Redi2 Revenue Analytics(tm). As an additional module of Redi2 Revenue Manager, Revenue Analytics is a business intelligence tool that provides executive managers with real-time access to their revenue data, enabling them to accelerate profitability analysis and better understand their revenue.
Senior management of investment management companies will now be able to immediately review critical fee revenue and profitability information by:
- Investment products
- Desks or individual Portfolio Managers
Customers that license Redi2 Revenue Analytics will have the ability to data-mine on demand. They can see revenue data broken down - right before their eyes in real-time - and then if required export that data to Excel with a single mouse-click
"We learned from talking to our customers that without immediate access to their revenue data, missed opportunities and operational inefficiencies will continue to plague the bottom line," said Redi2 CEO Seth Johnson. "They need revenue information to analyse profitability and make quick decisions that will increase cash flow, decrease expenses, optimise margins or eliminate poor performance. Redi2 Revenue Analytics is the answer."
Redi2 developed Revenue Analytics in response to the significant demand expressed by their customers to report quickly and efficiently on the abundant wealth of revenue data resident in Redi2 Revenue Manager. This optional module adds even more value to the senior and executive managers of the investment management companies already using the flagship Redi2 product.
"After seeing a demonstration of the Redi2 Revenue Analytics module, it is very apparent that the functionality could add significant value to a company's finance operations," said Richard Villa, Senior Vice President & Controller at Trust Company of the West. "To have the ability to generate revenue reports for any time period, and then view the data by product, client, portfolio, portfolio manager or any other user-defined attribute - in real-time - has the potential of eliminating countless days of reporting effort."
"Reaction to the new module from both existing and prospective customers in the US and Europe has been very positive," said Fermin Garcia, Redi2 Chief Technology Officer. "We expect to announce contractual commitments to this new module in the near future."