LIVONIA—Thirdware Solution Inc., a provider of business software and robotics implementation in the automotive, health care, and financial services industries, announced a partnership with Strategic iQ Solutions LLC, a Detroit-based provider of enterprise performance management and business process integration products and services.
“Strategic iQ brings credibility and deep functional knowledge in the area of enterprise performance management,” said Thirdware CEO Bhavesh Shah. “This, combined with Thirdware’s 25 years of experience in successfully implementing EPM solutions globally, has the potential to bring world class solutions that can be truly transformational to the office of the CFO. We are very excited about this partnership and the profound and positive impact it can deliver to our customers jointly.”
Together, the companies plan to serve clients by identifying, recommending, and developing systems for key areas of finance and accounting like financial consolidations, financial planning and analysis, and profit and cost management.
Officials of the two companies said the financial planning and analysis market offers significant opportunities to aid companies in their attempt to integrate their long-range plan, operating plan and forecast to manage risk effectively, forecast more accurately and reduce cycle times. Another key area of focus is profit and cost management, which officials said was an underserved function function. With the ever-changing supply chain landscape and international trade laws, the need to effectively manage material and other manufacturing costs is critical to achieving optimal profit margins.
Both organizations have significant experience in the auto industry, including leading large-scale IT initiatives, supply chain cost optimization, and product distribution expertise.
“As we embark on this journey, we are very excited to partner with a leader in the technology services space like Thirdware, said Strategic iQ principal and co-founder Ken Dowd. “There is an overwhelming conviction that the combined team will offer our clients technical and functional expertise coupled with proven solutions that few professional service organizations can match.”