Valsight
Valsight was founded in 2015 as a spin-off of the Hasso Plattner Institute and is now headquartered in Berlin with 30 employees. As a German SaaS company, Valsight enables enterprises to maximize their financial performance. The vendor envisions faster and better support for management decisions by creating data-driven insights. Specifically, Valsight provides companies with functionality to flexibly simulate financial plans, forecasts or any scenario on the fly.
Valsight supports value-driver-based planning and forecasting as well as simulations and the interactive analysis of results. Driver models describe the essential business contexts of a business model and are the basis for flexible, transparent simulations of effects. The creation of driver models can be done by business users in a graphical drag-and-drop user interface, which requires no knowledge of scripting. To model more complex cause-and-effect relationships, an integrated formula language is also available. Users can create different “what-if” scenarios. With the scenario manager, new insights – either derived from a company’s business environment or regarding the development of certain drivers – can be entered directly and then immediately included in the respective scenario. Driver-based forecasts can be created using automated updates of actual values and can include statistical functions (e.g., LOOKUP).
To adjust forecast values, driver-based actions can be entered. With the possibility to quickly and flexibly create new scenarios, a larger spectrum of values can be calculated and analyzed for each KPI. Planning and simulation results can be analyzed ad hoc and interactively via multiple diagrams, dashboards and an integrated presentation mode. Integrated collaboration features and commenting capabilities support data-related discussions of results. Workflow functionality is available as standard to control planning, forecasting and simulation processes.
In terms of set up, the product does not require programming skills. It integrates in existing infrastructures and can be implemented in a short timeframe. The web-based solution can be used with all major browsers (HTML5). The tool can be deployed either in a public cloud environment (AWS, Microsoft Azure, SAP HANA Enterprise Cloud) or on-premises in a company’s own data center. Data storage is relational in Microsoft SQL Server, SAP HANA, Oracle or PostgreSQL with multidimensional presentation of data for the user. Valsight provides its own functionality for data integration. Basic data for planning or forecasting is loaded via interfaces from ERP, BI systems, databases and Microsoft Excel (ODATA). Data is validated during import and checked for inconsistencies. A combination of different data sources is possible. The core of the product is a self-developed, in-memory engine, which allows for fast calculations of financial scenarios based on multidimensional data and interactive analyses of simulation results.
User & Use Cases
In addition to planning, half of all Valsight customers in this survey use the software to create dashboards. The software is also frequently employed for ad hoc query, reporting and basic data analysis. Although only 19 percent of respondents are currently using advanced analysis capabilities, 47 percent plan to expand usage in this area. The application scenarios and user demographics depict Valsight as a specialist tool for planning and simulation. On average, it is used by 4 percent of employees in customer organizations. Of these users, 89 percent are primarily involved in planning. Valsight is typically purchased by large companies with more than 2,500 employees, as well as by some midsize enterprises.
Current vs. planned use (besides planning)
N=35
Percentage of employees using Valsight
N=40
Planning users (as a percentage of all users)
N=40
Total number of users per company
N=40
Planning users per company
N=40
Company size (number of employees)
N=40
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