February 21, 2017 7:50 AM ET

Internet Software and Services

Company Overview of Tidemark Systems, Inc.

Company Overview

Tidemark Systems, Inc. provides a cloud-based corporate performance management software solution to identify and respond to internal and external changes in real time. It offers enterprise analytics applications for financial planning, operational planning, performance analytics, people planning, profitability modeling, and financial consolidation. The company serves clients in higher education, retail, hospitality, insurance, and energy sectors in the United States and internationally. Tidemark Systems, Inc. was formerly known as PROFERI, Inc. The company was incorporated in 2009 and is based in Redwood City, California with additional offices in North America and Europe.

2200 Bridge Parkway

Suite 102

Redwood City, CA 94065

United States

Founded in 2009





Key Executives for Tidemark Systems, Inc.

Founder, Chief Executive Officer and Director
Co-Founder and Chief Product Officer
Chief Revenue Officer
Senior Director of Communications
Vice President of Corporate Development
Compensation as of Fiscal Year 2016.

Tidemark Systems, Inc. Key Developments

Tidemark Release Advances FP&A Modeling While Broadening Engagement At the Edges for Faster Planning and More Accurate Forecasts

Tidemark announced significant customer go-lives as the company updates its financial planning and analytics platform. Tidemark's Summer '16 release strengthens its modeling engine to improve the speed and accuracy of plan and forecast creation, while bolstering the platform's capabilities to eliminate the gap between finance and non-finance users. Now line-of-business (LOB) users can engage in a self-service environment to perform ad-hoc analysis, pattern examination through instant visualizations, and mobile-first reporting. The release comes on the heels of a record-setting first half of the year where the company saw more than 50 customer go-lives. Tidemark's new Summer '16 release empowers core modelers, finance users and LOB personnel with ready-to-use ad hoc analytics, visualization, reporting and localization capabilities so they can perform their own analysis without extra assistance from IT. When forecasts are accessed or changed, the Tidemark platform automatically updates existing workflows and plans so everyone in the organization – regardless of location or department – works securely off the same set of numbers in real-time. This cross-departmental collaboration accelerates the company's financial and operational planning processes, leading to deeper insights, faster consensus and more accurate projections for decision-makers. Powering the Summer '16 release is the industry's only non cube-oriented, pure cloud platform built on SPARK. With scalable, high-performance computing capabilities that serve as the foundation for big data finance and predictive analytics, the Tidemark platform handles in-memory calculations 10x faster than other providers in the market that are limited by older, cube-oriented technology. Finance teams can aggregate and analyze data across multiple hierarchies and attributes while enabling contextual variance explanations at the most granular levels. Tidemark's newly updated modeling framework offers: Faster time-to-value: model quicker, make limitless changes without breaking or recreating the existing model. Complete transparency: take a declarative approach to modeling with complete access into how calculations and models are built and used by various teams. Improved internal compliance and risk management: better manage data manipulation with full visibility into when and how existing processes or frameworks are altered. Greater flexibility and interoperability: integrate more data sources without the need to build separate cubes, eliminating the time and costs associated with added consultant support.

Tidemark Introduces New Packaged Processes

Tidemark introduced new packaged processes designed to help energy companies of all varieties manage performance across all parts of the business from headquarters, throughout the supply chain, and into the field in real-time. With fluctuations several times a day in site conditions, weather, logistics, gas prices, operating costs and financial capital, clean and renewable energy, along with oil and gas companies are moving away from the rigid systems of the past, turning to modern applications that can turn complex data sets into actionable insights that employees at all levels can understand and rely on to drive better outcomes. Whether at headquarters, in a remote location or during a commute, employees of a wide variety can now access the new Tidemark Planning and Analytics for Energy for all of their performance-related data to build what-if scenarios, develop or adjusts plans in real-time and predict forecasts. Built on its modern cloud, unbound by rigid constraints from cubes, Tidemark leverages the power of the SPARK™ computation services, enabling both financial and operational users to find answers to virtually any question and act on them in the context of financial and operational performance. Designed with guidance and input from Tidemark's portfolio of energy customers, the new packaged processes include pre-configured, industry-specific measurements that look at emission rates, unit-level and process-level optimization, LOS (lease operating statement), LOE (lease operating expense), BOE (barrels of oil equivalent) metrics and more. With no customization needed, energy companies who turn to Tidemark can get up and running live within 90 days so they can equip managers and field workers alike to immediately understand the financial implications of every operational decision. With the new Tidemark Planning and Analytics for Energy, executives, managers and foremen can input or adjust information into Tidemark from virtually any device and instantly see the impact it will have on current and future financial and operational metrics in the field, Leverage predictive modeling and forecasting to see where to hire and retain, what skills to improve, and how wage and merit changes impact business performance, Generate a solid audit trail no matter what action is taken or on which device, Bring more supervisors and foremen into the FP&A process with a self-service environment and empower quick time-to-action on P&L statements and clarifications, Easily and pro-actively review budgets to understand where money is being allocated and whether or not it aligns with goals Adjust, Model and Predict budgets as external factors change, Manage and analyze payroll expenses and budgets.

Veolia Environnement Selects Tidemark to Collaborate and Create a Unified Plan for Growth

Tidemark announced the company's recent selection by Veolia Environnement, to support its mission of global transition towards a circular economy. To maximize growth and revenue opportunities from its transformation, Veolia will start by empowering thousands of users across the large multinational corporation with the cloud and mobile-based, collaborative enterprise performance management (EPM) apps provided by Tidemark. This will unify financial and operational data for integrated budgeting, planning, forecasting and analytics. To support the company's evolution at an organizational-wide level, Veolia selected Tidemark as its corporate platform for financial and operational planning and analysis. Veolia wanted to improve collaboration between different dispersed business units with central headquarters to optimize its decision-making and realize value quickly. This is why it was vital for Veolia to select an innovative, efficient cloud partner that offered a path towards a new way of solving financial and operational management issues. Tidemark's modern cloud and portfolio of apps will empower Veolia to fundamentally evolve existing financial planning and analysis (FP&A) processes.

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