TORONTO, Oct. 5, 2015 /PRNewswire/ -- Changepoint, a leading provider of solutions for project portfolio management (PPM), enterprise portfolio management (EPM) and professional services automation (PSA), today announced the launch of its new Business Execution Management Platform, designed to better align strategy and execution for improved business agility and performance.
Although technologies, markets, and organizations are constantly evolving, most business processes are largely static and designed to address yesterday's needs and challenges. Not surprisingly, the 2014 Society for Information Management IT Key Issues and Trends Study found business alignment and agility topped the list of IT management issues and concerns. With adaptation to change and business agility developing into strategic imperatives, a shift is taking place as organizations become more digitalized. This digitization is elevating focus from tactical and operational IT issues, such as cost reduction, to more strategic priorities, including IT time-to-market. It also necessitates a nimble technology infrastructure capable of keeping strategy and execution continuously connected as business changes and pivots occur.
"Enterprises are looking for a higher level of sophistication in the development of their project and work management strategy today. They now require predictive product solutions that ensure they're not only managing projects right, but managing the right projects from the start," said Mark Upson, President of Changepoint. "Changepoint's Business Execution Management Platform puts business leaders in the driver's seat in this digital age by delivering the strategic insight and oversight required to make more informed decisions and continuously improve business outcomes."
Changepoint's Business Execution Management™ (BEM) Platform brings together a comprehensive set of solutions to synchronize overall business strategy with execution to enable businesses to meet industry demands that require improved agility and performance across the enterprise. The BEM platform seamlessly provides decision makers with end-to-end visibility up and down organizational work layers and across portfolios of every type. Its ecosystem of highly integrated and independently robust solutions brings fragmented business silos together to close conventional gaps between planning and downstream work management.
"Changepoint is providing us unparalleled transparency into our enterprise portfolio investments," said Brian Lloyd, Director of Enterprise Architecture at Veterans United Home Loans.
Veterans United Home Loans, a leader in the VA loan industry, recently implemented barometerIT, Changepoint's Enterprise Portfolio Management solution. "barometerIT gives us the ability to easily map our enterprise so we can identify and prevent redundancies, rationalize our application portfolio, and make more data-driven decisions," said Lloyd. "Changepoint's Business Execution Management Platform provides business insights that bridge conventional gaps between business strategy and execution in real time, and is immediately helping us improve visibility and accelerate business performance."
Changepoint's BEM platform enables customers to improve business performance remarkably fast with a lineup of capabilities that deliver executives real-time, in-depth insights from across their technology, business, project, human capital, and other portfolios with unparalleled accuracy. The platform's array of additional benefits includes:
- Top-down and bottom-up visibility- With a powerful integrated Work Intelligence engine customers can actively monitor and manage work across all work layers. They gain instant access to actionable cross-portfolio data, where and how their business needs it through highly configurable and dynamic dashboards, reporting, and analytics. This continuous real-time information stream running through the enterprise ensures effective dissemination of shifting objectives and priorities to teams across portfolios and enables business agility at all times.
- Strategic planning support and analysis- BEM makes it possible for users to immediately determine the downstream impacts of decisions, updates, and changes to other parts of the business. Utilizing core Enterprise Portfolio Management (EPM) functionality to create a real-time map of the enterprise, BEM connects IT and business to provide on-going, real-time analysis of the performance of projects, resources, and assets across a variety of portfolio types and the critical interrelationships that exist between them.
- Efficient execution of work planning, management, and measurement- Forming the core of Changepoint's BEM platform are mature, adaptive, and powerful PPM, PSA, and New Product Development (NPD) solutions. Together they provide a robust execution engine for everything from task and program management, to transparency through portfolio roll-up capabilities, and the measurement of ROI across major initiatives and against established targets.
- Effective communication through collaboration and social networking- Through its document management, email, social, and IM integrations, BEM enables collaboration and a direct pipeline into diverse best practice or group/user preference applications to better organize, expedite, and facilitate key initiatives across teams, individuals, and partners.
Changepoint provides recognized market leading solutions in Business Execution Management (BEM), including Project Portfolio Management (PPM), Enterprise Portfolio Management (EPM), and Professional Services Automation (PSA), with comprehensive and flexible delivery options that meet the diverse needs of customers of all sizes, from small installations up to the largest and most complex enterprises. Thousands of organizations worldwide count on Changepoint solutions to make smarter business decisions, accelerate innovation, and successfully adapt to today's rapidly changing economic and competitive conditions, to ultimately achieve better business outcomes. Changepoint maintains operations in North America, Latin America, EMEA, and APAC, and services customers across six continents. For more information, visit: www.changepoint.com. For live updates: Follow /Connect.