Today, businesses in every sector are searching for ways to reduce the cost of their operations and, at the same time, attract, serve and satisfy valuable clients. As executives focus again on identifying and evaluating cost saving opportunities, they are examining their enterprise application portfolio.
Many companies’ application portfolios are aging, and have a size and complexity that makes them difficult and costly to maintain. In many cases, these applications lack integration and the ability to scale or evolve.
We believe that aligning the application portfolio with business strategies can help companies prioritise application development, reconcile requirements across the organisation and strengthen their competitive advantage.
Application Portfolio Management involves continuous assessment of the application portfolio in terms of business value, enhancement potential and cost and technology concerns. Such comprehensive evaluations help facilitate strategic application development, maintenance, transformation and retirement and reap the following benefits:
- Reduced costs and optimised value
- Aligned application portfolio with business strategies
- Standardised business practices
- Implementation of shared services
- Increased speed-to-development and speed-to-market
- Prioritised maintenance activities and approval requirements
- Rationalisation of complex and undocumented code in critical applications
- Decreased cost of future application maintenance through competitive outsourcing and the use of global resources
- Retiring redundant, outdated or low-value applications
Application Portfolio Management is not a static, one time exercise; but rather, it is a continual and evolutionary process involving the assessment, rationalisation, categorisation and disposition of applications to achieve better strategic alignment with the business, higher usability and lower costs.
Our approach
Using Optimyth Software's checKing APM, companies can transform their application portfolios by upgrading, growing, retiring or consolidating those systems. These activities are performed with a focus on fulfilling strategic transformation initiatives.
This process requires:
- Portfolio assessment: The collection of all relevant application portfolio information, the analysis of the information in the context of business and technical objectives and the identification the transformation opportunities;
- Portfolio transformation management: The identification of the key business drivers which provide governance and sequencing over transformation projects and activities and the measuring of the business value of transformation projects against identified objectives.
Optimyth Software Professional Services offers a truly comprehensive set of services designed to help organisations achieve their business objectives while reducing operational costs.
