NAG technology enabled PeopleSoft to deliver statistical analytics to its customers much faster and more efficiently
PeopleSoft 8 uses NAG mathematical and statistical software components in several of its business analytic tools for asset liability management, funds transfer pricing, risk weighted capital, and analytical forecasting. It provides PeopleSoft users with high-powered statistical analysis and scalable solutions. For example, a bank with tens of millions of customers can handily evaluate the risk factor of each and every loan. And now, telecommunications companies, deregulated energy companies, and others similarly trying to manage performance in a context where customer behaviour and market risk significantly impacts profitability, can readily study statistical outcomes of dynamic sales trends.
In these and other real life market scenarios, PeopleSoft 8 users get the world's most efficient statistical routines seamlessly woven into powerful analytical applications. With this combination, companies know where they are making money and where they are not - in great detail.
"NAG technology enabled PeopleSoft's development team to deliver analytics to our customers faster and more efficiently," said Louis Olds, Vice President of Product Management. "We expect to reduce maintenance costs, allowing us to focus on new functionality in future releases."