The seven benefits of VIREN
Our VIREN technology is active in several industries in which regulation and compliance are crucial. VIREN helps users make better decisions based on up-to-date knowledge and lightning-fast calculations
(Missed previous episodes? No worries: part 1, part part 2 and part part 3)
1. Better decision-making thanks to technology
VIREN is a knowledge system. Pour in the comprehensive know-how of a specific sector, and VIREN helps you navigate through it inimitably. Have you ever imagined what it would be like to pour the knowledge from stacks of books into your head with a funnel during exam time? VIREN works exactly like that.
2. Lightning-fast calculations
VIREN is a calculation engine. Thanks to its cloud-native setup, VIREN calculates faster than any application. Forget about waiting hours (or night batches) for results while the computer chews on the right solutions. Press a button, and VIREN gives you the answer.
3. User at the wheel
Once we set up VIREN, the developers' job is done. The business experts can immediately start working with it themselves. VIREN has a user-friendly and intuitive setup. You don't need an IT diploma to use VIREN.
4. No extra IT capacity needed
There is no need to book IT staff to keep things running. Business profiles such as consultants or domain experts can make adjustments without IT intervention, which frees up time for innovation in other areas.
5. Multiplicity of calculations.
Making decisions based on complex parameters becomes an interactive, real-time process. This gives so much more leeway to investigate what suits you best as an end-user. Cost calculation in three years? No problem. Adding fifty more parameters? VIREN does it in the blink of an eye.
6. More simulations
Because of the speed of calculations, we find that our tools are used differently. In our gross net calculator, users tested out dozens of scenarios. Company managers calculating wage costs compare various options for their employees. By trying more simulations, better decisions are made.
7. Margin of error reduces drastically
Calculations in Excel are complex. A typing error is easily made. In VIREN, the method of calculation is laid down in formulas that have been fine-tuned beforehand. If you want to be creative, you have to think outside the box. But in sectors where legislation and compliance are essential, the truth can be found just inside the box.
As is the case with new inventions, we debated quite a bit about the name. In the end, we found that "decision engine" is the flag that best covers the load. VIREN helps people make better decisions faster. Compare it to the most powerful car engine that can be built into the most diverse models to take drivers to any destination of their choice. Faster than ever could in the past. That's VIREN.
Interested in getting started with VIREN? Contact us! Did you know that VIREN is artificial intelligence? Yes it is! The Artificial Intelligence research group of the KU Leuven contributed to the development of the tool. Read the interview with Wannes Meert from the KU Leuven.
