Building on 15 Years of Success as Accretive Technologies, URM GROUP Aims to Revolutionize how the World’s Largest Brands Prescriptively Manage Business-IT Risk
Universal Risk Management Group (URM GROUP), formerly Accretive Technologies, today launched to deliver its patented generative intelligence technology, X-Act® platform to a broader base of global organizations that desperately need a better way to manage risk across highly complex business and IT domains. Fueled by record profits and growing market demand, URM GROUP aims to arm executives with the intelligence they need to optimize business performance and prescriptively treat risks that domain experts, business intelligence (BI), business process management (BPM), AIOps, and other analytic investments often miss.
“In a world that is constantly morphing due to the acceleration of innovation and digital disruption, businesses can no longer afford to pay an army of experts and then wait months while they argue over the cause of poor performance or settle on the best strategic plan,” said Charlie Fote, Chairman of the Board, URM GROUP and former CEO & Chairman, First Data. “With the innovations URM GROUP is bringing to market, decision makers can quickly gain a single, unified view of their entire business and verify, with better certainty, which actions will lead to the most desirable outcome.”
Proven through more than 350 cases worldwide, URM GROUP provides the technology, innovation and expertise that leading brands within financial services, retail, manufacturing, transportation, healthcare and governments trust to identify hidden risks and make informed decisions relating to a wide range of strategic objectives—from digital transformation, cost management, mergers and acquisitions to supply chain management and production performance.
Dennis Drogseth, Enterprise Management Associates (EMA), Vice President of Research said, “URM GROUP’s X-Act platform stands out for delivering beyond its customers’ expectations. Moreover, its promise is in no way a small one. X-Act produces critical predictive insights and correctional guidance to minimize risk and optimize business performance across complex business and IT ecosystems.”
Building on 15 years of success as Accretive Technologies, URM GROUP is backed by a strong performance record and a history of innovation.
- Currently serves some of the largest and most recognizable brands in the world across multiple industries including financial services, retail, manufacturing, transportation and healthcare
- 2017 marked the second year in a row that the company has grown revenue and the second consecutive year of growing gross margins over 60%
- Repositioning strategy has poised the company for further growth
- Holds a variety of patents involving the innovative use of mathematical modeling and related methodologies covering both business and IT systems
- Maintains strong partnering agreements with IBM, Accenture, Persistent Systems, and Dynatrace
“It’s always satisfying to hear that X-Act helped a customer save hundreds of millions of dollars or prevented them from making really a bad decision,” said Nabil Abu el Ata, CEO, URM GROUP. “We’ve dedicated fifteen years into the research and development of X-Act to make these results consistently possible for our customers. With the launch of URM GROUP, the people, technology and channels are finally in place to serve the broad base of companies that want to use X-Act to quickly and cost effectively know when and which actions should be taken to ensure the most optimal business outcome.”
- ENTERPRISE MANAGEMENT ASSOCIATES® (EMA™) White Paper: How X-Act can Optimize Business Performance by Managing the Unknown
About URM GROUP
URM GROUP provides the technology and services many of the world’s most recognizable brands depend on to optimize opportunities and comprehensively control risks across diverse business and IT systems. With patented generative intelligence technology, X-Act® platform provides a revolutionary way to quickly and predictively pinpoint hidden sources of risk within business ecosystems and know which actions should be taken to meet business goals. Leaders across financial services, retail, manufacturing, transportation, healthcare and governments trust X-Act to make informed decisions relating to a wide range of strategic objectives—from digital transformation, cost management, mergers and acquisitions to supply chain management and production performance. For additional information, visit URMgrp.com or connect with us on Twitter @URMgroup.