CPM Specialists TLC Technologies Partners with Enterprise Capital Planning Software Provider Finario to Create Specialized CapexConnect ™ Practice

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Help large enterprises automate and integrate their capital planning to better navigate rapidly changing business environments

DARIEN, Conn., September 21, 2021 / PRNewswire / – Finario, the first enterprise software solution specifically designed for capital planning, announced a partnership with TLC Technologies, a global leader in enterprise performance management consulting and integration services ( CPM), to create CapexConnectâ„¢ – a specialized practice that helps organizations adapt to changing priorities and approaches to capital investment arising from uncertain and changing economic and supply chain prospects.

“Last year the pandemic caused many companies to significantly reduce their capital spending, while this year there is ample evidence that capital budgets are increasing dramatically,” said Tom foley, President and CEO of TLC Technologies. “This shift from contraction of Capex to expansion has alerted many large companies: the ability to mine data, adjust portfolio allocations and pivot quickly is essential. CapexConnect is designed to bring a cutting edge laser-focused strategy and process, using Finario’s world-class technology to help them do just that. “

“We are delighted to partner with TLC Technologies to address an urgent and growing need,” said Robert fitzgerald, SVP Alliances at Finario. “CapexConnect represents a new way to approach digital transformation and the collaboration between corporate finance and operations. TLC masters the CPM space, which, combined with Finario’s project-driven expertise in capital planning, provides large companies with the thought leadership and technology they need. must prioritize, optimize and evaluate the effectiveness of their investments. “

“The rapid deterioration in the financial outlook and forecast for companies over the past year and the subsequent increase in capital spending by global companies this year has created a difficult planning environment for CFOs, FP&A executives and professionals in the field. engineering and operations responsible for the execution of investment projects, ”said David straden, CEO of Finario. “Leadership needs a clear vision of all current, pending and proposed projects and the financial and budgetary impact of alternative scenarios so that they can make informed decisions in light of the latest developments. Finario is particularly well suited to provide this context and real-time decision support as the only capital planning software designed specifically for large enterprises. “

Foley adds, “Combining a product like OneStream for performance management and opex control, with Finario for full control over capex decisions provides the kind of ‘financial stack’ businesses need today. ‘hui to create a single source of truth and have more control over the dynamics of change. We are excited to start educating our existing and potential clients on CapexConnect! “

For more information, contact:
CCM Technologies: Jean Ambroise, Executive Vice President of Professional Services, TLC Technologies
www.tlctechnologies.com, 610-770-9052.

Finario: Rich Feldman, VP Marketing, 203-424-1920, www.finario.com

About Finario
Finario is the first enterprise software solution specifically designed for capital planning. Trusted by leading companies around the world, its cloud-based solution unifies capital budgeting and project forecasting with an approval workflow to provide financial reporting automation throughout the entire lifecycle of the business. ‘investment.

About TLC Technologies
TLC Technologies has designed, developed, tested and maintained leading CPM software platforms for large enterprises in a wide range of industries for over twenty years. They specialize in the implementation of OneStream, Prophix, Oracle’s EPM Suite (Hyperion) and Finario.

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SOURCE Finario; TLC Technologies

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