Sales & Operations Planning (S&OP) Provider Steelwedge introduces Breakthrough Statistical Forecasting Engine

Online, December 2, 2009 (Newswire.com) - Pleasanton, CA Nov 30, 2009 Steelwedge Software, Inc., the leader in Sales and Operations Planning (S&OP) solutions, announced today the introduction of its next generation statistical forecasting engine. The new forecasting engine provides Steelwedge customers with a breakthrough approach to statistical forecasting that not only improves statistical accuracy but also supports attach-rate forecasting and enables customers to ensure that calculations are performed at the optimum level of detail.

While the first generation Steelwedge forecasting engine -- based on the principles and approaches pioneered by Dr. J. Tom Mentzer - provided Steelwedge customers a best-in-class solution, the new Steelwedge statistical engine offers an entirely new approach and methodology that further raises the bar for others.

"This project represents the fruition of nearly two years of concentrated R&D effort," said Rick Blair, VP of Strategic Services at Steelwedge. "It incorporates customer feedback and offers the ideal balance between a best-fit approach and the ability to tailor the forecast to specific circumstances." "We are pleased that our customers can now reap the benefits of further improvements in forecast accuracy based on our extensive research and development." said Steelwedge CEO, Glen Margolis.

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About Steelwedge Steelwedge Software, Inc. is the leading innovator in the field of Sales and Operations Planning - helping companies improve their sales and operations plan (S&OP) by linking systems including SAP, salesforce.com and Oracle and driving collaboration through desktop applications including e-mail and spreadsheets. Steelwedge customers include Hewlett Packard, Honeywell, General Electric, Emerson Electric, Sara Lee, Enterasys Networks and Juniper Networks.

Contact: Michael Kramer 925 460 1704 [email protected]