ConnectWise, the leading SaaS/Cloud provider of professional service automation (PSA) applications, announced today the availability of Corelytics by CoreConnex Inc., a provider of financial management systems for VARs, MSPs and IT service companies, via the ConnectWise cloud platform, a hosted, on-demand complete business system including CRM, sales force automation, collaboration, service ticketing, inventory, invoicing and reporting tools.
Since the recent acquisition of CoreConnex’ PSA assets by ConnectWise, the two companies are developing a finely-tuned integration of the two products that far exceeds a basic, ‘checkbox’ model of interoperability. The combination of Corelytics and ConnectWise provides dashboards and add-on tools that will integrate financial system data with PSA data to provide and manage detailed business insights, forecasts and other internal and external financial data.
• View financial and workflow realities side-by-side;
• Track goals with industry benchmarks;
• Identify trends in performance and profitability;
• View revenue and expense from a historic and predictive perspective.
“Corelytics is a feature-rich business tool, and with ConnectWise PSA, provides an exceptionally complete way to marry business management with financial performance,” said Arnie Bellini, ConnectWise CEO. “Being able to identify which accounts are profitable and which are not, and what the cost-to-serve is, enables our customers to take informed action to maintain their financial goals and productivity, streamline business processes, and improve their bottom line.”
ConnectWise cloud services provides ConnectWise customers with the reliability and uptime expected from a cloud/SaaS model, reduced implementation risks and requirements, and the most scalable PSA integration platform available giving their partners more flexibility and better capability to optimize their company’s overall bottom line. Gartner analysis pinpoints cloud services as showing explosive growth with services revenue being on pace to surpass $56.3 billion in 2009 and rising 21.3 percent from 2008.
"The Corelytics Financial Dashboard lets the business owner without an MBA see a pictorial and analytical view of their business that in the past has only been available to big companies with the help of financial experts. Combining the visual and analytical capabilities of Corelytics with the industry and operational expertise of ConnectWise will give our mutual partners a unique advantage. This is an important next step in the evolution of the IT services market," said Frank Coker, president and CEO of CoreConnex.
ConnectWise and CoreConnex will deliver a joint presentation on ConnectWise PSA and the Corelytics financial management dashboard as complementary solutions purpose-built for IT service companies at SMB Nation Fall, October 2-4, 2009, at the Riviera Hotel & Casino in Las Vegas. SMB Nation, now in its seventh year, is a blend of business content (BusinessSpeak) and technical content (GeekSpeak) for SMB consultants and channel partners. The curriculum, presented in an academic learning environment, fosters professional peer interaction.
ConnectWise (connectwise.com) is the leading SaaS/Cloud provider of professional service automation (PSA) applications designed exclusively for technology consultants, integrators and developers. More than 32,000 IT solution providers rely on ConnectWise to more efficiently integrate key business operations across their enterprises, from business development and project management to client services and billing. ConnectWise technology enables IT companies to drive greater accountability, operational efficiency, profitability, and tighter systems integration.
About CoreConnex, Inc.
Founded in 2005 in Bellevue, Wash., CoreConnex (coreconnex.com) is an extension of a consulting practice with over 20 years of business coaching in multiple industries with a specialization in IT services and solution provider companies. CoreConnex brings the first comprehensive financial dashboard with integrated industry benchmarks to the IT solution provider market. The Corelytics™ dashboard incorporates benchmark data and business analytics from Service Leadership, Inc. to give users true business intelligence combining their own internal data with market data specific to their business model. Visit the website or call 866-221-8394 for more information.
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