Wednesday 23 November 2016

LBB Metapraxis – business analytics and insights for the board

lOne of our latest Little British Battlers (LBBs) Metapraxis has carved out an enviable position as a specialist provider of analytics software and services for financial planning & analysis (FP&A) teams, who provide intelligence to support board execs and business management.

Exec time is precious, so any tools that can give them access to better intelligence, faster and more efficiently, is going to be in high demand. Targeting this opportunity, Metapraxis offers its own Empower analytics software and consulting, to help FP&A teams 'analyse, visualise, report and plan’. The insights are delivered via interactive dashboards for board and management reporting, and to assist with strategic planning, scenario modelling and budgeting and forecasting.

Empower effectively does away with spreadsheets and other DIY tools used by FP&A teams, supplementing this with predictive and prescriptive analytics, to rapidly uncover new trends and insights from the business data. It’s an approach which has had considerable success, growing largely through word of mouth, for big name clients like WPP, Newell Brands, WSP, Thomson Reuters, Unilever and Sainsbury’s Bank.

lMetapraxis has been led since 2012 by entrepreneur MD Simon Bittlestone, a chartered accountant, and formerly at Xchanging. He is supported by a large and experienced management team, including recent recruit Xavier Fernandes, who heads up the analytics practice, and has a long background in analysis and M&A at EY and Accenture.

Metapraxis has clearly carved out a very nice niche and with access to a growing list of tier one CxO level clients. Unsurprisingly too, it is of growing interest to partners, particularly business process services (BPS) providers, keen to plug in the technology to support their own CxO client’s financial planning needs. We understand a new partnership has recently been agreed with a global BPS player, and would expect further partnerships in the future - good news for Metapraxis looking to exploit the partners' larger scale and client reach.

Posted by John O'Brien at '07:00' - Tagged: analytics   lbb