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PowerSteering's 5.2 Release Introduces Unprecedented Level of Financial Reporting.


New Release Attributes Financial Results by Business Unit for Precise Financial Allocation

CAMBRIDGE, Mass. -- PowerSteering, the market leader in On-Demand Performance Improvement software, today announced the release of PowerSteering 5.2 with enhanced reporting, team productivity, and risk management functionality.

In response to the increasingly complex financial measurement requirements of enterprise customers like IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and the intricate organizational structure This article has no lead section.

To comply with Wikipedia's lead section guidelines, one should be written.
 inherent to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Department of Defense, PowerSteering introduced a more rigorous financial tracking capability. Voice of the Customer research revealed the importance of not only measuring and validating the overall financial benefit of initiatives, but also the ability to allocate the savings to specific departments, business units and functions. This more detailed accounting of the impact of initiatives can then be used as a catalyst to drive future strategic decisions.

"We're seeing an increased demand for financial visibility and accountability. Our new capabilities are fueling a much more comprehensive analysis of the financial impact of Performance Improvement initiatives. Often, the financial results of initiatives directly influence the next budgeting cycle." commented Stephen Sharp, PowerSteering's Chief Executive Officer.

In addition to improved financial tracking, the 5.2 release builds upon PowerSteering's core business values of team productivity, ease of use, and on-demand access. This release includes dozens of usability and workflow enhancements, as well as expanded capabilities in knowledge sharing, collaboration and risk management.

* Best Practices - Users can nominate nom·i·nate  
tr.v. nom·i·nat·ed, nom·i·nat·ing, nom·i·nates
1. To propose by name as a candidate, especially for election.

2. To designate or appoint to an office, responsibility, or honor.
 projects, deliverables or individual documents as "best practices" to leverage previous work across the organization and increase efficiency.

* Collaboration - Pertinent project communication is tightly integrated in one place to centralize cen·tral·ize  
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es

v.tr.
1. To draw into or toward a center; consolidate.

2.
 important information, maintain accountability, and save time.

* Risk Management - Anticipate and mitigate mit·i·gate
v.
To moderate in force or intensity.



miti·gation n.
 potential project risks with up to six scoring factors and support for multiple methodologies including PRINCE2 or FMEA FMEA Fehler-Möglichkeiten & -einfluss Analyse (German: Failure Mode & Effect Analysis)
FMEA Failure Modes & Effects Analysis
FMEA Florida Music Educators Association
FMEA Florida Municipal Electric Association
. Obtain project, program or enterprise-level views of risks, including their ratings and mitigation plans.

About PowerSteering Software

PowerSteering Software is the leader in On-Demand Performance Improvement software for Operational Excellence, Project & Portfolio Management, Product Development, Merger Management and other strategic initiatives. Its easy-to-use software provides executives at the US Army, US Navy, US Air Force, Raytheon, Merck, Johnson & Johnson, UnitedHealth Group UnitedHealth Group Incorporated NYSE: UNH is a managed health care company. It is the parent of United Healthcare, one of the largest health insurers in the U.S. It was created in 1977, as UnitedHealthCare Corporation (it renamed itself in 1998), but traces its origin to a , TD Bank, Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU.

Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association.
, IBM, Heinz, Best Buy and over 80 other customers with real-time executive visibility, strategy alignment, and enhanced team productivity to drive strategy and accelerate results across the enterprise. Visit www.powersteeringsoftware.com for additional information.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 22, 2007
Words:389
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