Stuttgart, 05 June 2024 - At the Best in SaaS Awards, GFT was recognised as ‘Best Company’ for its outstanding performance in the field of task management software. The Engenion software product also received the ‘Best New Product’ and ‘Most Innovative Solution’ awards. These awards acknowledge both the advanced features of Engenion and GFT's expertise and innovative spirit in SaaS solutions and products.
‘We are proud to have won in three categories. These awards underline not only the uniqueness of our Engenion product, but also our expertise as a company. Engenion combines activities, development objects and resources into a global real-time view of budget, performance and value. In this way, Engenion provides managers with transparency and a basis for decision-making on their development projects.’ - Kathrin Günther, Chief Operating Officer (COO) - GFT Software Solutions.
Transparent budget and resource planning in real time with Engenion
Engenion is a project portfolio management solution (PPM solution) for managing complex development portfolios. Comprehensive budget and resource planning, transparent approval processes and real-time budget analyses enable fact-based decisions to be made at all management levels. Engenion brings together all work activities, development objects and resource spend in an all-encompassing global real-time view of budget, portfolio performance and value. This allows risks to be recognised at an early stage and resources to be deployed in a targeted manner. Technical and financial targets are thus harmonised.
In 2023, Engenion recorded more than 10,000 concurrent daily users. The project portfolio management software enables customers to make significant savings and manage their development budgets efficiently. As a result, companies can save up to 20% of their development budget annually. Thanks to Engenion, companies manage technical developments worth several billion euros, organise tens of thousands of employees and synchronise over 6,000 projects.
Engenion was developed on the basis of the automotive industry's product development processes and the OBJECT ACTIVITY VALUE (OAV) framework, thereby ensuring a clear allocation of products and services to the corresponding projects. This creates constant transparency in terms of project allocation, budget responsibility and development costs. Engenion's lean budgeting approach ensures a real-time comparison between activity costs and the approved budget, thus guaranteeing optimal resource allocation.
Increased efficiency through AI integration
Thanks to the integration of artificial intelligence (AI), recurring activities are standardised and optimised. Engenion identifies best practices and compares similar projects, resulting in more efficient workflows. AI-supported functions such as automated reports, graphical evaluations and predictive analyses support resource management and help to predict deviations and probabilities of success. The intuitive design of the platform increases user-friendliness and enables even non-technical users to easily create reports and retrieve project information.
The global PPM market was estimated at $4.74 billion in 2023 and is expected to grow to $9.23 billion by 2032. This growth is accompanied by several new trends, including greater demand for a 360-degree real-time view of project processes and resource management and increasing complexity in managing multiple complex development projects.
The awards recognise the leadership of GFT and its PPM software Engenion in the SaaS space and reaffirm GFT's commitment to the continuous development of innovative products and solutions.
About the Best in SaaS Awards programme:
The prestigious Best in SaaS Awards programme annually recognises the world's best Software as a Service (SaaS) companies, people, teams, products and services. Organisations from around the world can submit nominations, including public and private, for-profit and non-profit, large and small, start-ups and established companies.
“We are proud to have won in three categories. These awards underline not only the uniqueness of our Engenion product, but also our expertise as a company. Engenion combines activities, development objects and resources into a global real-time view of budget, performance and value. In this way, Engenion provides managers with transparency and a basis for decision-making on their development projects.”
