CCT Seeking Beta Customers, Consulting Partners For Its Upcoming ForeTell Due Diligence Tool

Coordinated Computing Technologies (CCT) today announced that it is seeking beta customers and consulting partners for its upcoming ForeTell decision support offering.

Coordinated Computing Technologies (CCT) today announced that it is seeking beta customers and consulting partners for its upcoming ForeTell decision support offering.

ForeTell is an advanced due diligence tool that allows companies to test drive" critical decisions in a low-risk virtual environment, prior to committing capital, resources and market positioning. ForeTell solutions support decision-makers facing a wide range of critical issues, including prioritizing corporate investments (pharmaceutical, energy, etc.), assessing M&A transactions and strategic partnerships, restructuring sales and supply channels and performing corporate governance.

The need for enhanced analytic applications is growing as organizations face unforgiving environments characterized by challenging economic times; growing international competition, government regulation and litigation; and increasing complexity and rates of change. According to Henry Morris, group VP, Applications and Information Access at IDC, Analytic applications must do more than provide information -- they must guide the decision-making process, leading to actions that improve business performance. Process support is one of the defining characteristics of analytic applications."

CCTs ForeTell is an analytic application that helps companies make better decisions by enabling them to project, explore and compare the likely outcomes of their decision options given different assumptions about the future. Such test drives" enable companies to identify their best course of action in the face of complex, continually evolving decision contexts, incomplete information and uncertainty about the future.

ForeTell differs from conventional decision support tools in three important respects. First, it uniquely models key qualitative decision factors such as relationships, market perceptions and social and regulatory forces as well as quantifiable information such as financial data. Second, the tool models and simulates stakeholder behaviors, which helps decision-makers better anticipate how customers, employees, partners, competitors and regulators are likely to respond to company initiatives. Third, ForeTell applies across a decisions entire lifecycle, not simply the initial stage of selecting a strategy. The tool can be used to test and refine implementation plans and to revalidate decisions over time (or signal the need for mid-course corrections).

CCT is marketing ForeTell primarily through select management consultants that will co-develop and co-market packaged application solutions. These consultancies are comfortable with analytic tools and look to gain competitive differentiation through proprietary, high ROI solutions. Moreover, they have deep industry expertise in areas such as life sciences, energy, government or financial services, where improved decision-making can result in a dramatic return on investment for their clients.

According to Dr. Richard Adler, president and CEO of CCT, Before our market launch, we want to have demonstrable examples of real-world, high-payback decision support solutions delivered with ForeTell. CCT is providing interested consulting partners and customers with a low-cost, low-risk opportunity to prove ForeTells benefits and gain competitive advantage before making additional investments."

CCT will also work directly with sophisticated end-user organizations in industries that have strong needs for such solutions. Typically, corporate candidates for ForeTell include those that need to leverage major revenue growth or savings, face significant complexity and uncertainty, are in an environment in which speed and consistency are vital, and must make decisions that warrant tracking and periodic re-evaluation for a medium- or long-term timeframe. Analysts and strategic planners at these organizations may already be using analytic tools and methods but find them unsatisfactory or incomplete.

Interested management consultant partners and corporate beta candidates for ForeTell should contact Dr. Richard Adler at rich@coordinatedcomputing.com or 781-721-1416.