Tibco Software Inc. will be unveiling four new integration solutions this week designed to target integration challenges specific to vertical industries such as manufacturing and financial services.
These new solutions are designed to make deploying and managing integration software easier, thus delivering a faster ROI to enterprise users. The new Tibco Industry Solutions program -- which will first be focused on the financial services, oil and gas, manufacturing, and utilities industries -- is designed to focus on the most pressing problems for enterprises using a combination of Tibco products and industry-specific business processes and data management.
"The integration software market is at an inflection point," said Peter Tebbenhoff, director of industry solutions at Tibco, in Palo Alto, Calif. "To get to the next level, Tibco needs to provide integration software that is easier to use; requires less time to deploy, manage, and maintain; and provides a compelling and business-oriented return on investment."
For example, the new Tibco Real-Time Trade Management for Financial Services solution is an integration platform for the financial services industry designed to provide business process management for cross-border trades, connecting to back-end systems and delivering management capabilities that track the number of trades outstanding and the service quality. It is designed to reduce the industry average of 20 percent failed trades, Tebbenhoff said.
"We're managing the business processes associated with the trades," he said. "If there is a failed trade detected, we'll route that trade to a repair station so an operator could view the failed trade, make an adjustment to it, and reintroduce it into the settlement process."
Tibco's new solutions program is further evidence that the integration software market is maturing and tools are developing into solutions, said Jon Derome, an analyst from the Yankee Group, in Boston.
The new solutions translate Tibco's industry expertise into reusable integration templates that should reduce implementation cost and complexity and make integration software accessible to a more diverse group of users, Derome added.
Tibco's new solution for the manufacturing industry is focused on product chain management and supporting industry efforts to collaborate on the design and manufacture of new products. For the oil and gas industry, the new Tibco offering is designed to provide rapid, low-cost integration of disparate systems to support the delivery of real-time data and reports used for analyzing wells, fields, and oil and gas portfolios. The new real-time customer service solution for utilities is designed to provide out-of-the-box integration between Siebel Systems Inc. e-Energy and CIS systems and give a customer service representative in the call center a consistent and comprehensive view of customer information.