Vision makes Lasata a winner for second year

November 1st, 2001 Business News, Tech, Tech Features

A West Perth-based software company has wowed the critics for the second time to take out Austrade’s Information Industry Exporter of the Year Award for WA.

It may sound like a fluke for an eleven-year-old private company of two principals, except that Lasata Software also scored not only the same state award last year but also its national counterpart.

And if that endorsement isn’t enough to convince, Lasata customers include names who share the top rungs of the Global 500 among the likes of General Motors, Royal Dutch/Shell Group, General Electric, Toyota and Citigroup.

Specialists in Business Information Solutions, Lasata Managing Director Steve Wall says their products ‘enable executives to make faster, more informed decisions and allow companies and organisations to extract more value from their information assets.’

The company’s previous flagship was Vision, a packaged software product that allowed company heads to mine information, mostly from accounts. ‘There’s a lot of data in a company,’ says company spokesman Guy Grant, ‘but Lasata products analyse data in further detail in what’s called drill-down, where you drill further into the data to find the reasons why things happen that decision-makers need.’

This month will see the release of Vision’s successor — Inside Out — in the UK, which Grant describes as a ‘data framework’ that can process and disseminate data from any other data source. ‘Any data that’s critical to a business can be imported,’ he says, ‘Inside Out can set up automatic responses to certain data, for example, so it automates the routine tasks of running a business.’

Whereas Vision was primarily finance-based, Inside Out can crunch numbers from any other quarter of your business as well — such as stock inventories and human resource assets — and pluck the material straight out of the application of database that created or houses it.

In a world where we’re drowning in numbers and business-related information, finding the needle of information you need in the haystack of abstract can be critical to move (and keep up) with the times. ‘It helps executives and decision-makers access, analyse and report data.’ Grant says.

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