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Prevedere’s Record Q3 Emphasizes Business Need for Economic Scenario Planning During COVID Recession

Record new customers and annual contract value drive Prevedere’s momentum

Prevedere, the leader in external data and predictive analytics software for intelligent forecasting,  announced record growth in the third quarter of 2020 in both new customers and annual contract value (ACV) as companies seek to understand what the COVID economy will mean to their business.

“Q3 2020 was a record quarter for Prevedere, exceeding previous metrics for new customer logos and the average value of new contracts. We’ve also continued to enhance our Economic Scenario Planning solution and added another patent,” said Rich Wagner, CEO of Prevedere. “Companies are finding it difficult to plan during this unique recession. With our success, it’s evident that our solutions are not only resonating but necessary in a COVID world.”

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Key Q3 2020 Highlights

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  • Record number of new customers in Q3 and year to date
  • New customers added year to date increased by 50% from the first three quarters of 2019
  • Record percentage of deals through partner relationships, demonstrating expanded reach in the market with strategic partners
  • New partner deals with Microsoft and Nielsen

Planning during the COVID-19 pandemic remains to be an extraordinary challenge for businesses. To meet this need, Prevedere continued the advancement of its Economic Scenario Planning solution in Q3. This enterprise-class solution projects future business outcomes under three plausible economic scenarios: Baseline, Optimistic, and Pessimistic. Companies can improve planning and risk management with a clearer view of the pandemic’s evolving impact, including variations by region and operating unit.

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“Economic Scenario Planning has helped our customers achieve a more accurate and dynamic planning capability in a period of tremendous upheaval,” said Rich Fitchen, CRO of Prevedere. “Through external data, AI-powered econometric modeling, and deep economic expertise, the solution has helped countless companies gain their footing during the pandemic. It’s a custom solution tailored to individual companies across more than a dozen industries.”

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