Saksoft has introduced Veri-sens, its new BI solution for the BFSI sector. The product is packaged into three modules providing portfolio performance reports and dashboards for credit cards, personal loans, auto loans & mortgages and retail liabilities, etc.
The company plans to expand its service offerings into the BI space through similar specialized products and solutions for mutual funds, SMEs, and insurance sector.
Aditya Krishna, founder & MD of Saksoft Group said, "Our product Veri-sens stands apart from other BI solutions available in the market because of its specialized domain-specific business intelligence framework which can be deployed across multiple business units and product lines. Veri-sens works with any transaction processing solution and complements the operational reports available from these systems by meeting the analytical reporting requirements of senior and middle management."
Saksoft expects Veri-sens to contribute 10-12% to the company's revenues in the next three years.
"Our future product roadmap for Veri-sens is to look at technology advancements and addition of new products and business areas to the Veri-sens product family," said Krishna.
IDC predicts that by 2013, companies will increase their spending on BI at the rate of almost 10%. Investments are likely to expand in the areas of production reporting, spreadsheets and ad hoc queries, in the range of about 45- 50% as compared to the last fiscal.
