Cary, N.C. (USA) — Vanguard Software had another explosive performance quarter, with a 147% jump in Q1 sales year over year, led by rising demand for Software as a Service, as well as for enterprise-grade forecasting and planning.
This year’s Q1 performance marked the second year-over-year period in a row that Vanguard Software achieved a triple digit increase. In 2017, sales volume increased 105% in the first quarter compared to the same period a year earlier.
“The capability of our solution set together with a rapidly growing channel is helping us to get out in front of rising global demand for cloud-based enterprise planning,” said Neal Goffman, Chief Sales and Marketing Officer.
Vanguard Software is a leader in Integrated Business Planning (IBP), forecasting, and advanced-analytic solutions. The company’s flagship IBP platform includes modules for sales forecasting, demand planning, supply planning (with inventory optimization), financial and cash flow forecasting and Sales & Operations Planning (S&OP).
Vanguard’s platform runs on a cloud mesh network of global data centers in Frankfurt, Sydney, Oregon, Virginia, and North Carolina, ensuring optimum speed and reliability for customers worldwide. The platform also supports 104 languages in a single version.
Additional features include:
- Monte Carlo simulation
- In-memory processing
- Advanced analytic suite
- Dynamics AX connector for two-way integration with Microsoft Dynamics® AX and Dynamics 365 for Operations
These and other capabilities have helped Vanguard establish its leadership position as the cloud IBP platform of choice for supply chain, sales, and finance organizations.
Additional highlights from Q1 2018 include:
- Record Q1 revenue growth
- Continued expansion in Latin America, Europe, and Asia-Pacific
- Recognized in leadership quadrant by Nucleus Research, 2018 Inventory Optimization Value Matrix
About Vanguard Software
Vanguard Software introduced its first product for decision support analysis in 1995. Today, companies across every major industry and more than 60 countries rely on Vanguard Software’s Integrated Business Planning (IBP), forecasting, and advanced-analytic cloud platform. Vanguard Software is based in Cary, North Carolina.