India: Manthan Systems wins International Stevie® Award at the Eighth Annual International Business Award
8 August 2011 | News | Source: just-style
The leading retail Business Intelligence provider won ‘The Most Innovative Company' and ‘The Best New Product' at the Annual Awards Program
Manthan Systems, leading provider of Business Intelligence and Analytics solutions for the retail and CPG industries, was adjudged a winner at the International Stevie Awards 2011, winning top honors in two key categories. Manthan won the award for the 'Most Innovative Company' and its advanced supplier portal solution for retailers, Supplier Portal & Analytics (SPA), was adjudged the 'Best Product' at the Eighth Annual International Business Awards .
Says Atul Jalan, CEO, Manthan Systems; "For Manthan, the awards are a validation of our exemplary business performance and the significant value we bring to retail organizations world-wide through our game-changing Business Intelligence products and solutions. This achievement will re-energize us towards greater innovation in our products in our efforts to empower retail operations worldwide towards improved performance and profits."
The International Business Awards are the only global, all-encompassing business awards program honoring great performances in business. Nicknamed the Stevie® for the Greek word "crowned," the awards will be presented to honorees at a gala event on Tuesday, 11 October 2011 in the Emirates Palace Hotel in Abu Dhabi, United Arab Emirates.
Recipients of International Stevie Award trophies were selected from more than 3,000 entries received from organizations and individuals in more than 40 nations. Honorees were determined through two rounds of judging by close to 200 professionals worldwide.
"Entries to The International Business Awards grew by more than 80% this year, and that illustrates the increasing importance of the IBAs worldwide," said Michael Gallagher, president of the Stevie Awards, presenters of the IBAs. "We congratulate all of the honorees, and we look forward to recognizing them for their achievements at our gala event in Abu Dhabi on 11 October."
Launched as the most recent addition to Manthan's retail business intelligence suite, Supplier Portal & Analytics (SPA), a cutting-edge supplier portal for retailers, offers an integrated, cost effective and powerful tool to retailers to optimize supply chain processes and enhance performance across all interactions between retailers and suppliers. It provides a single window interface for retailers and suppliers to interact and collaborate for improved operations including efficient procurement, sales forecasting, inventory planning, promotion & rebate planning, new product introductions and a whole range of marketing efforts.
Hiren Doshi, SVP, Manthan Systems, says, "Our advanced supplier portal, is the only solution of its kind that offers retailers the combined benefits of supplier collaboration with a powerful analytics framework to meet supply chain goals. Recognition for SPA as the Best Product at the Stevie Award is an endorsement of the value that it brings to global retail supply chains, helping to enhance retailer-supplier interactions, streamline supply chain operations, improve efficiency and reduce costs."
But where ARC SPA clearly scores as an innovator is in the pre-built, role based and guided analytics capabilities integrated into its functionality. The near real time reports, stock snapshots, trend analyses and dashboards created by SPA unearth hidden relationships between products, suppliers, customers, stocks and sales, providing key insights to retailers to plan, benchmark, measure and monitor their supply chain operations.
Says Doshi; "Manthan's win at the Stevie Awards reinforces our leadership position as an innovator and makes a strong statement of our deep commitment to retail business intelligence, excellence, innovation and global leadership."