ITR Software Offers Business Information and Planning Solutions for Retailers – Necto Provides Retail Clients with Socially-Based Actionable Intelligence
Toronto, ON (June 19, 2012) – Panorama Software, a global leader in proactive Business Intelligence (BI) solutions, announced today a partnership agreement ITR Software, a services and software firm focused on the retail industry.
Necto is now integrated with the SPIN module of ITR Software’s Buyer’s WorkMate (BWM) Software Suite, an innovative decision support software platform designed for merchandising organizations. One of six modules for the suite, the SPIN component allows users to pull real-time data from Necto, a distinct competitive advantage for retail industry customers. This SPIN/Necto combination is integrated with the other five modules in the Buyer’s WorkMate Software Suite and can be seamlessly integrated into the customer retailer’s ERP system.
“We are pleased to announce this agreement with ITR Software and to see a perfect example of how Necto can add significant value to retail-based platforms,” said Eynav Azarya, CEO of Panorama Software. “ITR Software’s suite helps retailers with the entire merchandising lifecycle, and our new social element with Necto gives them another layer of sophisticated analytics that can proactively spot exceptions and encourage social workflow connections.”
ITR Software’s SPIN module is an analytical processing tool that gives retailers timely information that can influence real-time business decisions. The product is an ideal complement to Necto which presents next-generation business intelligence tools that include advanced social sharing and the ability to quickly discover and address problems. SPIN includes advanced retailer features including store gradings, size optimization and forecasting tools for both pre and in-season merchandise.
“By bundling Necto with our proprietary retailer-specific BWM suite, we are able to enhance our customer’s performance across all of their product lines,” said Joe Apprendi, President at ITR Software. “The social elements of Necto are the cornerstone of this improved performance, as it encourages the power of group thinking and social sharing in order to solve problems more quickly and effectively. Our success hinges on our presenting complete solutions so our customers can track key demographics and receive actionable intelligence through analytics.”