SOURCE: Alight


June 28, 2016 09:00 ET

Alight, Inc. Launches New Cloud-Based Platform for Delivery of Real-Time Enterprise Financial Management Applications

Alight Enterprise Cloud™ Deploys Industry-specific Applications and Empowers Organizations to Manage the Future™ of Their Businesses

SAN FRANCISCO, CA --(Marketwired - June 28, 2016) - Alight, Inc., provider of real-time enterprise financial management applications, today announced the launch of Alight Enterprise Cloud, a platform for the deployment of Alight's industry-specific applications for mortgage banking, mining and energy, telecommunications and high tech.

Forecasting is typically a static exercise done with spreadsheets, leaving firms with no way to navigate real-time market and business volatility. Alight Enterprise Cloud solves this problem by enabling firms to deploy Alight's industry-specific applications to any type of user across the business and give them the ability to generate multiple scenarios and compare them in real time to see the financial ripple effects of possible decisions. Whether it's mortgage banking firms managing interest rate volatility, mining companies dealing with commodity price fluctuation or high tech companies managing cash flow pressures, Alight Enterprise Cloud lets firms look at all possible outcomes and pick the best plan.

"Alight Enterprise Cloud changes the way businesses are run by giving decision makers across the enterprise the power to evaluate and react to changing market conditions, competitive threats and new business opportunities, all in real time," said Michele McGovern, CEO, Alight, Inc. "With Alight Enterprise Cloud, users from all parts of the business can see the financial ripple effects of potential decisions and choose the best path forward."

"Having worked with Alight at a previous firm, they were top on my list to assist in First Guaranty Mortgage Corporation's forecasting solution implementation --where we can effectively and efficiently run scenarios to evaluate growth opportunities," said Robert Eastep, CFO, First Guaranty Mortgage Corporation. "Alight Enterprise Cloud allows us to bring the power of scenario comparison and analysis across the FGMC enterprise. This enables us to make strategic and tactical decisions knowing what the financial ripple effect will be on our financials and operating metrics."

Alight Enterprise Cloud key features include:

  • Real-Time Integration -- connect ERP and operational systems to leverage that information in scenario comparison and analysis.
  • Role-based delivery -- customer firms choose what level of information is accessible by their employees.
  • Deliver to any device -- desktop, laptop, smartphone, tablet or even smartwatch.
  • Alight Control Center -- quick and easy single sign-on for industry applications.

"Alight Enterprise Cloud will significantly increase our ability to respond to evolutions in our industry and enhance our agility through elevated awareness. The identification of risk return possibilities associated with our decision making during the rapid growth curve of our business is a key tool," said Christian Orms, CFO, GTUIT. "The ease of deployment and low learning curve mean that we will quickly deploy Alight Enterprise Cloud to everyone along the decision-making chain and give our company's leaders more insight for deployment of resources and certainty in hitting our corporate goals."

"Every day, I hear our customers talking about doing things never before possible -- having clear pictures of cash flows, reporting to the board with certainty or being ready for significant marketplace volatility such as changes to mortgage rates or commodity prices -- these are leaps forward for the modern enterprise," continued McGovern. "The power that we give customers is truly transformational."

About Alight, Inc.

Alight is a fast-growing provider of industry-specific, cloud-based applications that change the way businesses are run. Alight's applications let executives Manage the Future by showing the financial ripple effects of potential decisions across the enterprise. Alight works with firms in mining, mortgage banking and high tech.

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