IMPROVING DATA.
BUILDING SUCCESS.

Heidelberg, 08. March 2022 - The Heidelberg-based IT company zetVisions, a specialist in software solutions for corporate data management, and the Dutch software company Engage Process have agreed on a comprehensive cooperation. Subject of the cooperation is mutual support for data quality and master data management activities on the part of zetVisions and process management on the part of Engage Process.

Engage Process is an independent SaaS software provider with offices in Amsterdam (Netherlands) and Brighton (UK). Engage Process empowers teams to analyze, model and continuously improve their own processes with the eponymous Engage Process software to contribute to an organization's competitiveness. The company serves more than 300 customers in Europe and North America in the industrial, financial- and business service sector, but also from the public sector, such as municipalities.

"Companies today are data-driven. There is virtually no process without data. Data drives and controls processes. In this close entanglement of processes and data, we see the starting point for a fruitful cooperation with Engage Process," says Christian Sohn, Managing Director of zetVisions. Process management and data quality management are two sides of the same coin. One cannot function without the other. In a company's core processes, master data, i.e. static basic data or reference data on objects relevant to operations such as customers, suppliers, products, employees and finances, would play an essential role. "The focus of Engage Process is precisely on these core processes and their improvement, while our focus is on master data and its quality. So it's a very good fit," Sohn continues.

Engage Process originally started with improving the lean management principles of organizations. Today, the company's solution provides a foundation for process management and is becoming a tool for numerous business initiatives. Customers use Engage Process for diverse improvement programs; including cost savings, customer service optimization, self-service initiatives, digital transformation and compliance. "With Engage Process, organizations bring their processes into our accessible, easy-to-use platform. It enables teams to create a visual model that allows them to visualize their own processes, explore and discuss them on an ongoing basis, and compare alternatives," explains Ted Twaalfhoven, CEO of Engage Process. "For us, however, it's not just about the Engage Process platform. We are driven by organizations that fully understand their processes to drive compliance, improvement and automation. You can't do that without reliable, up-to-date and consistent data. This is where Engage Process and zetVisions complement each other." adds Twaalfhoven.

Heidelberg, March 14, 2018 - IT specialist zetVisions from Heidelberg has supported youth work in West African Ghana since 2014. For this purpose, the company has donated around 50,000 euros to the German non-profit association JugendPartnerschaft Ghana e.V. (JPG), Freiberg in the last four years. The association supports young people in northern Ghana on their path to an independent and self-determined future.

JPG works closely together with its partner organization Youth Harvest Foundation Ghana (YHFG) located in the capital of Upper East Region, Bolgatanga. The aim of JPG and YHFG is to improve situation and future of young people in the north of Ghana. The activities mainly focus on (school) education of the youth. Moreover, both organizations support young people - especially girls and young women - with various other programs on their path to an independent and self-determined life.

In 2013, YHFG and JPG founded a free special school for girls in the youth center in Yikene, Bolgatanga. A high failure rate in the final exams of junior and senior high schools does not only have an impact on the education but also on the future of girls in northern Ghana. The aim of the special school is to facilitate the transition into a higher education institution for girls and to help them avoid frequently forced child marriage.

"Thanks to the support given by zetVisions, YHFG and JPG were able to offer a tutoring institution for girls in Bolgatanga once again last year”, says Monika Pürsing, CEO of zetVisions. The target group is young women who failed the final exams of senior high school and who would not have any prospects of obtaining a high school diploma without this support. In 2017, the tutoring institution compromised 50 students, including 40 girls and ten boys at the age of 18 to 24.

Due to donations made by zetVisions (and the Rotary Club Heidelberg-Schloss) it was possible to realize additional projects at the special school. These include an accommodation facility of the youth center, which can currently accommodate 24 female students, as well as the construction of a porch for studying. It offers a good learning environment for time in between lessons.

Master data management strategy necessary in the framework of data governance

Heidelberg, May 24, 2017 - Reliable master data is a central precondition for successful industry 4.0 applications. This is valid for data exchange via intercorporate systems as well as between business partners and external systems. However, companies still struggle with data management problems. Data is scattered across different data silos while being differently structured and defined, not accessible, do not have sufficient data quality and are poorly documented. To cut a long story short, suitable data and especially master data management do not exist.

The Business Application Research Center (BARC), a research and consulting institute for business software based in Würzburg, Germany, had the same result in its current research note "Establishing the precondition for industry 4.0 with universally transparent master data”. zetVisions AG, IT specialist for software solutions for master data and legal entity management, has enabled the free distribution of the independent study through sponsoring.

The offers of technology providers relating to industry 4.0 promise to better link IT and machine systems with each other, save more data in an inexpensive way, evaluate them intuitively with the help of modern analyzing tools to make better decisions, accelerate processes as well as develop and offer new products and services in the end. "Data plays a central part in this. The required interplay of the systems can only work if these operate on a shared data basis such as uniform and centrally managed raw material, investment and product master data,” the authors of the study, Lars Iffert and Timm Grosser, say.

Applications relating to industry 4.0 are possible across the entire value chain from research and development, purchase and production to sales and service. An implementation, however, is only possible on the basis of integrated, reliable and accessible data. In this context, master data management with growing interest has increased analyzing requirements on the basis of distributed data across systems or new synchronization requirements between systems in batch or real-time operation on the one hand and on the other hand strategic importance increases. "Companies have to establish he right preconditions for reliable master data through a master data management strategy in the framework of data governance,” say Iffert and Grosser. A master data management strategy rests on the three pillars of organization (process organization for MDM), processes (structure of and dealing with master data) as well as technology (MDM architecture approach and the tools that need to be used). These three pillars are inseparably connected and are mutually dependent.

The authors of the BARC study come to the conclusion that industry 4.0 applications are mostly data-driven, their success therefore depends on reliable and integrated data. "Data availability is the linchpin of industry 4.0,” Iffert and Grosser emphasize. Data quality and master data management initiatives therefore are inevitable. Yet, many companies recoil from data optimization projects. It was shown, however, that successful initiatives work because they were started and developed evolutionarily.

The Research Note "Establishing the precondition for industry 4.0 with universally transparent master data” can be requested via the contact form.

Global Entity Management Service of KMPG Law for legal standard services will be combined with the Legal Entity Management Software CIM of zetVisions

Heidelberg/Düsseldorf, 07. February 2017 - The zetVisions AG, a Heidelberg based specialist for software solutions of Legal Entity as well as Master Data Management, and the KPMG Rechtsanwaltsgesellschaft mbH ("KPMG Law") have arranged a strategic cooperation in the area of Legal Entity Management. Subject of the cooperation is the combination of the KPMG Global Entity Management (GEM), which is currently being constructed, with the zetVisions Corporate Investment Manager (CIM). CIM is the most widely used software for Legal Entity Management in the DACH region. The goal is to work closely together in the supply of complementary services for the two partners.

With GEM, KPMG Law will in future offer a service for worldwide support of group companies through legal standard services. This way, companies have the possibilities of assuring the corporate compliance of their group companies for a fixed price and also to utilize further standard services for reduced hourly rates. Hereby all investment-relevant procedures of the company are comprehensively recorded and kept up-to-date in zetVisions Corporate Investment Manager. CIM supports the legal entity management and enables the realization of scale effects.

"zetVisions and KPMG Law intend to cooperate closely in order to combine zetVisions' expertise in investment management with KPMG Law's international corporate legal know-how in a meaningful and solution-oriented way for clients and customers", says Monika Pürsing, CEO of zetVisions AG.

The software zetVisions CIM supports companies in the task of managing national and international legal entities professionally and in a value-oriented manner. It is the world-wide first and only SAP-based software for management of company investments in an audit certified quality. The certification according to the IDW PS 880 test standard confirms that zetVisions CIM reliably meets the requirements for regularity of operational information systems.

"As a global law firm in the KPMG network, we are able to record the investment-related group processes worldwide and to take over the legal standard services in any jurisdiction at highly attractive conditions. In this way, the client's resources are considerably relieved," explains Dr. Philipp Wüllrich, Senior Manager at KPMG Law. "With CIM, we now have the ideal software tool to display this information to the top management as well as to the special departments."