Arcplan Expands Partner Network In India With KPK FaServ

Online, January 30, 2013 (Newswire.com) - International business intelligence (BI) software provider arcplan continues to expand, adding the Indian business KPK faServ to its global network of partners. As an OEM partner, the Bangalore-based BI specialist will offer two arcplan-based cloud solutions - FinSotica (business intelligence reporting, dashboards and more) and CamberPlanner (budgeting, planning, and reporting). This partnership is part of arcplan's strategy to intensify its activities in the Asia-Pacific region (APAC).

KPK has deep knowledge in financial accounting and auditing and how to connect BI to these processes. Through this partnership, KPK will offer arcplan-powered cloud-based solutions as core elements of its product and solution portfolio. FinSotica is a pre-configured solution for the finance sector. This comprehensive suite, comprised of cash flow and financial reporting with dashboards, balanced scorecards, what-if simulations and balance sheet and income statement processing, enables businesses to make well-informed decisions. CamberPlanner is also a pre-configured, cloud-based solution but it enables integrated budgeting, planning, and reporting with versatile options and work flows. KPK also offers services that are provided both locally and remotely. These include system implementation, support services, data warehouse development, database integration, and graphical user interface (GUI) and front-end design.

BI Boom in India
The BI market in India is growing rapidly. According to market analyst Gartner, BI sales generated $101.5M in 2012 - a figure which is expected to rise 14.7% to $177.1M by 2016. To realize its expansion plans, arcplan has successfully engaged a business development team in India that specifically serves partners and clients in the region. This strategy has enabled arcplan to establish itself as an innovative provider in the market.

"The APAC states - and India in particular - are increasingly of interest to us due to their rapid pace of growth in the BI sector," explained Oliver Deistler, Senior VP, Business Development & Channels at arcplan. "In KPK, we have another forward-thinking and well-established company that we can add to our list of OEM partners. Their financial expertise and many years of experience in BI will help us broaden our presence even further in this exciting market."