Reduce SKUs and deliver the right product choices faster with Centric Visual Whiteboard

CAMPBELL, Calif., Sept. 30, 2024 /PRNewswire-PRWeb/ — Centric Software® is pleased to announce the release of Centric Visual Whiteboard™, the latest addition to the Centric Visual Boards™ family of connected digital boards already with actionable content adopted by many leading brands and retailers worldwide. Centric Software provides the most innovative enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, luxury, footwear, outdoor, home and related goods like cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals.

Retail and grocery brands are shifting from the endless aisle concept to SKU prioritization that better meets consumer demands and has a positive financial impact. However, developing robust assortments is challenging, as marketing, product, design, merchandising and planning teams struggle with disconnected tools and systems. Teams frequently lose weeks manually pulling data from various sources to create cohesive presentations for seasonal collections and assortments. Information is often static; immediately out of date as soon as it is copied/pasted from one system to another and, critically, teams lack the ability to visually pivot collections based on various criteria such as delivery date, theme, price point, channel, region, color, size, etc. to ensure a robust, curated product offer.

Centric Visual Whiteboard is a dynamic, collaborative workspace that empowers marketing, designers, merchandisers and planners to visualize concepts and transition smoothly from ideation to production. This intuitive platform supports various use cases, from assembling seasonal assortments to preparing detailed linesheets and presentations.

Users of Centric Visual Whiteboard believe that it is a game-changing solution and report 99% time saving, equating to weeks or months, to produce outputs required by stakeholders for business-critical decisions. One European brand estimated annual savings of €800k in resources for inspiration board updates. “Creating a collection information presentation used to take a team of 5 to 10 Product Managers a full week, but now it can be done in two minutes,” says a high-end fashion jewelry brand.

“Centric Visual Whiteboard can be configured to the customer’s specific needs and its function depending on who is using it”, explains Humberto Roa, Vice President of Innovation at Centric Software.

“Centric Visual Whiteboard is a free-form or templated canvas where users can bring together real-time imagery and information related to products, styles, materials and associated attributes from multiple systems, and automatically group them in different ways, such as by price point or color or size or product family…. For designers or marketers, this might mean creating a concept brief or seasonal promotions. Through a merchandising lens, it could be creating visual line planning reports or developing a creative brief with product placeholders. Boards created using Centric Visual Whiteboard can be exported as slide decks to tools such as PowerPoint, quickly transforming collaborative sandboxing into presentations for internal or external stakeholders.”

Additional market feedback includes, “We bring in imagery and data points from PLM and ERP, adapt the layout for the specific audience, automatically group and sort products and download the canvas in seconds as a presentation or PDF. We save so much administrative time updating slides, as price and margin changes are automatically updated from our ERP solution. It’s an optimal collection visualization system for faster decision-making.”

“Centric Visual Whiteboard was developed hand-in-hand with our leading fashion, grocery and consumer goods brand and retail customers,” says Chris Groves, CEO of Centric Software. “Centric Visual Whiteboard solves multiple problems and is an innovative development for fashion, retail and consumer goods teams to drive better and faster decisions, resulting in both happier customers and improvements in financial performance.”

https://www..centricsoftware.com/l/35842/2024-09-27/wd91r3 
Join our webinar: ‘Optimize product assortments and deliver the right product choices with Centric Visual Whiteboard’ https://www..centricsoftware.com/l/35842/2024-09-27/wd91r6 

Media Contact

Aurore Evee, Centric Software, +16479155377, aurore.evee@centricsoftware.com, www.centricsoftware.com 

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SOURCE Centric Software

Some Partnerships are elite and allow for elevation while empowering others to aim high on an end goal for legacy impact. A partnership with the right team transform business like you cant imagine.

HUNTSVILLE, Ala., Sept. 30, 2024 /PRNewswire-PRWeb/ — KUOG, INC is proud to announce a strategic partnership with TRECIG, LLC, to drive next-level innovation and cutting-edge capabilities to support the U.S. Air Force’s operational sustainment and readiness initiatives. This partnership will support KUOG’s recent awards, including the U.S. Air Force’s $975 million, 9-year Indefinite Delivery, Indefinite Quantity (IDIQ) Warfighter Readiness Contract under the Rapid Sustainment Office (RSO), and the $1.7 billion, 10-year Support Equipment Vehicles Strategic Replenishment Contract (SEV SRC) IDIQ.

The Warfighter Readiness, RSO IDIQ contract seeks to accelerate the delivery of critical operational solutions to the Department of the Air Force (DAF) Sustainment Enterprise, positioning KUOG and TRECIG as preeminent Department of Defense (DoD) solution providers. Together, the companies aim to challenge conventional mindsets, push the boundaries of innovation, and provide rapid and effective solutions tailored to the U.S. Air Force’s and its personnel’s evolving needs.

The SEV SRC IDIQ contract focuses on sourcing, acquiring, and delivering a broad range of ground and aircraft standard support equipment (CSE) end items. This includes approximately 500 national stock numbers (NSNs) spanning over 60 federal stock classes (FSCs), supporting the Air Force, Foreign Military Sales (FMS), the Air National Guard (ANG), and other services. The equipment provided will range from aerial stores, lift trucks, and aircraft engine trailers to various electronic and mechanical aircraft maintenance testers, among other critical assets.

“Partnering with TRECIG, LLC represents a significant step in our commitment to revolutionize sustainment operations for the U.S. Air Force,” said Paul Gunn Jr., CEO of KUOG, INC. “The collaboration will enhance our capabilities in delivering innovative, effective, and timely solutions that meet the evolving requirements of our defense clients.”

TRECIG, LLC, brings extensive experience in advanced technological solutions and management capabilities that complement KUOG’s established expertise in defense contracting and operational support. By leveraging TRECIG’s innovations, KUOG aims to bring unparalleled efficiency and precision to fulfilling the RSO and SEV SRC IDIQ contracts.

“This partnership with KUOG, INC allows us to contribute our expertise in cutting-edge technology to one of the most important sectors – national defense,” commented Roy L. Rucker Sr., CEO/President of TRECIG, LLC. “We look forward to playing a key role in ensuring that the U.S. Air Force has the tools and support it needs to sustain operations effectively.”

The collaboration between KUOG and TRECIG is expected to deliver superior results for the Department of the Air Force, significantly enhancing readiness, responsiveness, and sustainment across critical missions. By combining the innovative capabilities of both firms, the partnership will set a new benchmark in support services for the defense sector, ultimately contributing to greater operational efficiency and mission success.

For further inquiries, please contact:

Paul L. Gunn Jr. or

CEO, KUOG INC

(256)-275-4076 Ext 225

pauljr@kuoginc.com

Roy L. Rucker, Sr.

CEO, TRECIG LLC

225 (254)338-6131

roy.rucker@trecig.com

About KUOG, INC:

KUOG, INC is a leading defense contractor specializing in strategic sourcing, operational sustainment, and delivering mission-critical U.S. military and defense services equipment. With a proven track record of excellence, KUOG is committed to supporting national defense initiatives with innovative and effective solutions.

About TRECIG, LLC:

TRECIG, LLC is a technology firm known for its cutting-edge solutions and strategic management capabilities. With expertise in delivering advanced technological innovations, TRECIG is dedicated to enhancing operational efficiency across various sectors, including defense and government services.

Media Contact

Paul L Gunn Jr, KUOG Inc, 1 256-655-2841, pauljr@kuoginc.com, https://kuoginc.com/

Roy L Rucker Sr, TRECIG, LLC, 1 254-338-6131, roy.rucker@trecig.com, https://trecig.com/

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SOURCE KUOG Inc

The implementation accelerates HGR’s complete core transformation for Life & Pensions

UXBRIDGE, England, Sept. 30, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that South Africa’s Hollard Group Risk (HGR), a division of Hollard Life Insurance Company Limited, has gone live with Sapiens DataSuite, to accelerate the complex migration of HGR’s business and align processes with Sapiens CoreSuite for Life & Pensions. DataSuite will support the transition period between the core system and HGR’s legacy system.

Sapiens DataSuite supports the complex launch of CoreSuite by producing actionable insights and automated, consolidated reports across HGR legacy system and CoreSuite system among all lines of business to deliver maximum business value. Among its many benefits, DataSuite empowers HGR with the ability to manage their data and reporting needs and seamlessly operate their business as usual during the migration from their legacy policy administration system. The solution provides HGR with a detailed suite of operational, claims, underwriting, financial, risk and actuarial reports. 

In addition, integrating DataSuite with HGR’s legacy policy administration system and CoreSuite significantly reduces the complexities of the migration process, which required complicated development of tailored reports and merging of reports across the legacy and CoreSuite systems. CoreSuite’s policy administration system includes the full range of group scheme processing including enrolment via file for bulks or manually for a single member, periodical payroll processing, premium payments, commission and binder fee calculations, renewal calculations, and claims. 

“The implementation of DataSuite propels our long and trusted relationship with Sapiens to a new level of partnership,” said Duran Chetty, HGR’s COO & CIO. “Sapiens CoreSuite for Life & Pensions is replacing our core legacy system to drive down operational costs and deliver automated, seamless user experiences for customers, alliance partners, and HGR staff. CoreSuite and DataSuite will also help accelerate our digital transformation objectives. Sapiens’ dedicated data solution and data warehouse have stepped in to handle our existing business volumes, while accommodating expected growth.”  

“Sapiens delivered HGR a complete transformation package to accelerate their market position and reduce the complexities of their reporting requirements,” said Roni Al-Dor, Sapiens President and CEO. “HGR’s launch of Sapiens CoreSuite was the first comprehensive group risk implementation in South Africa, and we are excited to see the continuation of this project with DataSuite and to accompany HGR as they expand.”  

Sapiens CoreSuite for Life & Pensions is a software solution for end-to-end core operations and processes. An award-winning policy administration system, it supports individual and group products across life, health, wealth & retirement.  

Sapiens DataSuite is a data management solution that empowers insurers to transform their data into actionable insights to maximize the value of their data. DataSuite is a modular, highly innovative business intelligence solution specifically for insurance markets. 

About Hollard Group Risk (HGR)  

Hollard Group Risk (HGR) is a division of Hollard Life Insurance Company Limited. HGR is an independent specialist risk manager that provides a comprehensive range of flexible risk benefit solutions to employer and affinity groups, both locally and internationally. For more information, visit https://hollardgrouprisk.com/ 

About Sapiens  

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. We help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.  

For more information visit https://sapiens.com or follow us on LinkedIn   

Investor and Media Contact  
Yaffa Cohen-Ifrah  
Sapiens Chief Marketing Officer and Head of Investor Relations 
Email: Yaffa.cohen-ifrah@sapiens.com 

Forward Looking Statements 

Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.  

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations. 

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SOURCE Sapiens International Corporation