AUSTIN, TX--(Marketwired - Nov 21, 2013) - Upland Software, the world's largest cloud provider of enterprise applications for project, portfolio, and work management, today announced the release of an enhanced Application Portfolio Rationalization software module for ComSci, the leading solution for IT financial business management (ITFBM). The new module helps IT executives and application portfolio managers understand how their IT solutions are utilized across the enterprise. As a result, they can ensure their organizations optimize IT spend by investing in the technologies that advance their business goals and retiring outdated, underutilized or non-essential applications and supporting IT Infrastructure.
Due to the current enterprise-wide trend toward application sprawl, in which business units across the organization increasingly acquire and manage solutions on their own, IT often lacks insight into how technologies are being utilized and delivering value. With the advent of the cloud, this sprawl will only increase as additional cloud applications are integrated into the business.
With the release of its enhanced Application Portfolio Rationalization software module, ComSci provides IT managers across all domains and IT leadership with a comprehensive tool to gain insight into the technologies that are most critical to the business and helps identify those that can be retired, optimized or replaced. The solution guides applications managers through a five-step process toward individual application rationalization that includes taking inventory of IT products, quantifying business value, quantifying functional and technical health, gaining visibility into the fully-burdened cost of each application in the application portfolio and creating a prescriptive plan to ensure ongoing optimal technology investments. In addition, with its advanced rules-based engine, ComSci's newly released Application Portfolio Rationalization solution allows organizations to define their specific governance and criteria, enabling a fully tailored approach that addresses their unique business needs.
Overall, ComSci's new Application Rationalization solution provides a much needed predictive and prescriptive method for applications and technology cost containment and optimization. Through detailed, accurate application portfolio value analytics, application portfolio managers can now gain the deep insight into the actionable data needed to decommission older apps, ensure continued investment in those most critical to business success and identify lower-cost, cloud-based alternatives for applications supporting technologies like hosting, storage and databases. In addition, the solution provides fact-based data that can be used to get other stakeholders -- whether IT leaders, CIOs or business unit management teams -- on board with fact-based application portfolio management decisions.
"As application managers are typically so busy ensuring the company's IT products run smoothly, they don't always have the opportunity to take an enterprise-wide look at the ever-increasing number of applications in use across the business," said Louis Takacs, CIO and vice president, Product Development of ComSci. "Our Application Portfolio Rationalization software module delivers a holistic view of a company's technology investments, including the entire applications portfolio. As a result, application managers can drill down into the actual consumption cost and actionable performance data to achieve value optimization as defined by the entire portfolio -- as well as individual applications."
About ComSci
ComSci delivers award-winning IT financial business management capabilities that empower organizations to implement more effective IT governance. ComSci helps IT organizations optimize technology costs by enhancing fact-based transparency and visibility, which in turn enables IT and business management to understand demand, utilization and value of its corporate technology resources. ComSci's growing client roster includes The McGraw-Hill Companies, The Bank of New York Mellon, Whirlpool, NYU Medical Center, 1-800-FLOWERS.COM, NYSEuronext, Memorial Sloan-Kettering Cancer Center, AECOM, and UBS Investment Bank. Visit www.comsci.com for further information.
About Upland Software
Upland is the world's largest cloud provider of enterprise software for project, portfolio and work management. Upland is the only cloud software provider that offers a comprehensive family of applications that enable organizations to align their goals, projects and programs, optimize their resource utilization and workflows, and empower teams to collaborate and work effectively. From strategic planning to work execution, Upland drives business results for more than 1,200 enterprise clients with 300,000 active users in 50 plus countries. Visit www.uplandsoftware.com for more information.