Streamline Projects and Reduce Risks and Costs


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Sarbanes Oxley : Technology : Project Management

Streamline Projects and Reduce Risks and Costs

Erik Masing
CEO
alfabet

alfabet Inc., the leading software provider in strategic IT planning and management, has announced that one of Asia’s leading financial services groups has licensed alfabet’s planningIT to improve management and co-ordination of its planning processes across its IT operations world-wide.

With group assets of $118 billion, the bank is one of the largest financial institutions in the combined Singapore-Malaysia market, and is also one of Asia's leading financial services groups. It presides over an extensive global network of more than 470 branches and representative offices in 15 countries and territories in the Asia-Pacific region, the United States and the United Kingdom.

In selecting alfabet’s planningIT, the financial giant was particularly impressed with the product’s ability to provide end-to-end transparency for complete IT landscape. planningIT’s out-of-the-box best practices for project portfolio optimization and mitigation of risks and redundancies in IT projects as well as the product’s compelling ROI and time to value were also determining factors.

planningIT will replace an in-house developed repository tool, which had become a costly drain on resources to manually maintain and keep information up-to-date. Bank stakeholders involved in project planning processes can now effectively plan and track proposed solutions in planningIT and seamlessly manage approved projects via a standard interface to CA’s Clarity PPM tool. As a result the bank will be able to gain greater insights to more effectively realign budgets, priorities and assignments as well as a true understanding of the total cost of IT ownership.

Furthermore, the collaborative processes and shared information base employed by planningIT is expected to bring about significant resource savings in planning solutions while expediting time to market of its financial products.

“We are pleased to welcome this customer into the circle of global financial services players using planningIT. Companies such as Credit Suisse, Generali, WestLB, Munich Re and AXA Winterthur are already using planningIT to improve IT management processes,“ said Erik Masing, CEO and founder of alfabet. “Especially in globally diverse organizations, it is essential to centralize the IT knowledge base and establish well-defined processes to synchronize the multi transformational projects. In doing so, firms are in a better position to recognize risks, take advantage of synergies between projects and streamline planning and decision processes to become more agile in support of business initiatives.”

alfabet enables companies to see, analyze, control and align IT initiatives with business priorities continuously. Its planningIT® software is unique in tightly coupling business priorities and IT returns with current and future initiatives. Competitive point solutions offer modeling or repository functions with a static view of priorities, architecture and infrastructure. alfabet provides a holistic, integrated and collaborative approach that offers continuous transparency into how IT and business information, processes and roles are changing and need to be managed over time.

The company serves a global user community of 20,000 IT professionals in more than 40 countries in a variety of industries, including automotive, financial services, telecommunications, logistics, high-tech and others. Its customers include international corporations such as AMB Generali, AXA Winterthur, BP, Daimler, Deloitte, Porsche and T-Systems. Founded in 1997, alfabet is based in Berlin with U.S. headquarters in Cambridge, Mass.

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