"There will be no slow down for MHR Analytics as demand for analytics becomes even more important," Nick Felton, MHR Analytics shares outlook for lockdown 2.0 with remote implementations continuing at pace.
9 November –
No slowdown for MHR Analytics in lockdown 2.0, says SVP Nick Felton:
“Lockdown 2.0’ might signal continued challenge in our lives, but for MHR Analytics and our customers, we continue with renewed energy and innovation.
“Despite economic and environmental uncertainties, our mission and our services to customers remain unwavering. Indeed, the situation only makes our ongoing growth and investment in product and services to meet evolving market needs, even more important. There will be no slow down for MHR Analytics.
“Since the first lockdown, the number of projects delivered remotely by our group, MHR Global, totals more than 65, some of which transitioned to remote during the pandemic, and many more which were completed with no on-site consultancy at all.
“Whether operating remotely, hybrid or in-office, MHR Analytics has proved that all models are ones in which we and our customers can work together successfully and thrive.
“The popularity and demand for financial performance management, data analytics solutions and outsourced services is growing: If they didn’t before, organisations now recognise the benefits of granular and visible scenario planning. Fast data insights and rapid access to management information, are the tools that that keep organisations competitive and agile and this year has made that clear.
“We know this because we are hear it more and more, from the thousands of customers we serve across private, public and not-for-profit sectors, and from new customers coming to MHR Analytics to improve their systems and prepare their workforces for the future.
“In lockdown, implementations have been completed in record time for many of our customers, with some requiring rapid delivery during the pandemic, when compliance and economic challenges created a more urgent need.
"In addition and as a result of the lockdown, we have now launched the new Data as a Service, which enables organisations to outsource their reporting needs to our team of specialists, who become an extension their team, allowing companies to deliver their data strategies.
“We’ve been busy developing bespoke and unique solutions such as the MHR Analytics IFRS 16, which the London Borough of Hackney Council chose to partner with us on, benefiting from our partnership with the industry leader in this specialist reporting software, CCH Tagetik. Our partnerships with global leaders like IBM, Microsoft and SAP are more fruitful than ever as we continue at pace to solve complex problems for our customers.
“We have continued to develop our headquarter facilities and will soon announce the opening of a four-storey car park in our Ruddington headquarters, plus office expansions, to accommodate our growing teams.
“Almost 100 talented new employees have joined the group this year and we have 30 specialist vacancies currently open.
“MHR Analytics, specialising in workforce, pensions and financial management, is more relevant now than ever, providing solutions that support organisations to plan for multiple scenarios and negotiate turbulent times.
“We are incredibly proud that despite the uncertainties around us, MHR Analytics has not furloughed a single employee under the UK government’s Coronavirus Job Retention Scheme or had to make any redundancies.
“Our independence as a long-term sustainable family-run business means we are in a uniquely strong and fortunate position in which we can control our growth, our finances and our successes for ourselves and for our loyal and valued customer base.
“As part of our continued effort to support the market, we are excited about the forthcoming virtual Power Up Summit which we are hosting from 23 to 25 November for finance professionals to learn, collaborate and gear up for 2021.
“This in addition to the MHR Analytics webinar series which has been attended by record numbers of finance, accounting and data analytics professionals this year who have provided great feedback on how they have benefitted from our expert advice and guidance.
“Customers trust and rely on MHR Analytics as a business partner that will help them grow, that will work with them to understand their bespoke needs and organisational goals, and to deliver, regardless of continued and unpredictable economic or market challenges.”
Nick Felton, SVP, MHR.
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