Applix, Inc., a leading business analytics software solutions provider, recently announced that Provident International has selected Applix to provide financial forecasting and consolidation across its entire international division.

Provident International, a UK-based consumer credit company, will implement the Applix solution to manage profit and loss, and balance sheet and cash flow forecasting, which encompasses multiple legislations and accounting bases. Applix TM1 will provide a real-time, flexible alternative to its complicated forecasting models.  
 
"Applix strongly demonstrated – through tailored proof-of-concept demonstrations, appropriate third-party references and detailed invitation to tender responses – that they had the capability to meet and rapidly deliver solutions to our complicated requirements," said Stephen Smith, value forecasting professional, Provident International. "Applix went to great lengths to prove that some of the most complicated parts of our forecasting environment could be handled in real-time through their system."

Provident International has ambitious plans for Applix TM1 and intends to expand the solution to other areas of its business following a successful initial implementation.