Singapore-based consultancy Global Business Counselling (GBC) and US-based SnapStrat Inc. have announced today that they have entered into a strategic alliance to provide strategic, data-driven solutions to firms in Asia that will improve the outcomes of their most important decisions.
The agreement is for SnapStrat to leverage its proprietary low-code decisioning platform to enable GBC to deliver customized technology-based software solutions (SaaS) that provide advanced data engineering, decision modeling, and predictive analytics and process automation to help organizations make better, insight-driven business decisions. SnapStrat’s platform can support a broad range of management decisions, such as:
- Project portfolio optimization that aligns to strategy and balances short and long-term business objectives
- Resource planning and allocation to best leverage scarce resources
- Optimization of marketing spend
- Ensuring product investments align to business strategy.
- Setting appropriate balance between regulatory investments and risk
The solutions are developed on SnapStrat’s proprietary decisioning platform that incorporates Data Management, Machine Learning, Predictive Modelling, Scenario Management, Workflow Management, Data Visualization and Statistical Analysis. The enterprise-class platform that GBC will offer to clients in the Asia Pacific region is designed to be able to securely handle extremely high value decision processes relating to strategy and planning, legal and regulatory management, organization performance, research and diagnostics.
The Strategic Planning analytics solution launched jointly by SnapStrat and GBC will have the following core features:
- Data Visualization
- Project Reporting
- Workflow/user permissions
- Scenario Comparison
- Collaboration (commenting+)
- Alarms when out of balance
- Constraint handling (e.g this project must occur at this time)
Jonathan Stern, CEO of SnapStrat notes:
” We are excited to partner with GBC given their depth in delivering strategic transformation to the insurance industry. From strategic planning to risk management to process improvement and beyond GBC has a depth of expertise unique to Asia Pacific markets. GBC shares SnapStrat’s vision that strategy and technology are inseparable in today’s ever-changing business environment. Through its partnership with SnapStrat, GBC can now deliver comprehensive transformation solutions that incorporate decisioning technology allowing their clients to avoid hand-offs to developers that dilute value and create rapid obsolescence “
Chandri Gunawardhana, Managing Director of GBC adds:
” SnapStrat and GBC are a natural fit as strategic alliance partners since both organizations have deep expertise in strategy and provide complementary innovative solutions to optimize operations. SnapStrat’s ability to provide low-code advanced analytic solutions on a ‘plug and play’ platform augment GBC’s cloud enabled consulting services specifically in the areas of business strategy and planning, organizational performance, process improvement, RegTech, research and diagnostics. Together, this strong alliance has a firm commitment to help solve the toughest challenges facing organizations today, through the combination of strategic consulting and advanced technology “
SnapStrat, based in Oakland, California, provides customized management decision applications for leading enterprises. SnapStrat partners with innovative consulting firms across the world to allow them to deliver technology that transforms decisions. The team brings in its rich consulting experience and technology background to understand complex business problems and develop and deploy customized SaaS solutions that specifically solve the problems. The deployed solution incorporates ML to ensure continual improvement on an ongoing basis. More information is available at www.snapstrat.com.
Global Business Counselling, based in Singapore, is a niche multi-disciplined consultancy that works with responsible businesses to unlock the path to winning customers and delivering lifetime value. GBC has been working in the insurance sector in emerging markets since 2014 and has delivered and supported the implementation of the new frontier in insurance – advanced analytics. Our solutions include time-tested consulting methods combined with modern technology. Our unique solutions can provide the key element in the formula for sustainable success in customer acquisition and retention and can help firms transform and create organisational cultures that employees, customers and regulators can be proud of. More information is available at www. globalbizcounselling.com.