Last week, monday.com published its Q4 and full-year 2022 results. They were impressive, with revenue growth of 68% year over year. The week also saw news from Kantata, Planview, Procore, Scoro and Wrike.
Kantata
Kantata, the latest updates to Kantata OX. They included:
- The ability to create and edit task dependencies within the task tracker. The task tracker has two new columns, estimated costs and fees
- An ability to mute notifications on a project-by-project basis, reducing the noise of smaller projects
- Within the Resource Center, users can manage scheduled hours within the task row
- Users can share, clone, or delete an Insights dynamic dashboard directly from the dashboard page. You can now also access quick links to the data model, report editor, and Advanced Editor.
Planview
Planview published a blog that details how several customers have leveraged its solutions to power cross-functional product development.
Conagra Brands has brought new ideas to market faster and more efficiently by consolidating product data and insights into a single product portfolio management hub using Planview’s Product Portfolio Management solution.
Medical device manufacturing company NuVasive integrated Planview Product Portfolio Management with Microsoft Power BI to establish a central hub for project planning, assignments, resources, management, and road mapping.
Siemens Energy, a leader in the transition to sustainable energy, uses Planview AdaptiveWork to streamline communication for the entire operational community.
Xtrac partnered with Planview to devise a solution with Adaptive Work that enabled leadership and remote workers with cloud-based access to the real-time data they needed, so they could quickly identify ways to pivot and provide customers with the most value.
Procore
Procore announced Q4 and full-year 2022 results. Q4 revenues rose 38% year over year to $202 million, though that includes a $9 million contribution from Levelset. Full-year revenues rose 40% year-over-year to $720 million (including $32 million from Levelset).
The company added 402 net new customers in Q4 and has 14,488 organic customers. Revenue retention stood at 95% for 2022, and it increased employee numbers by 24 % year over year to 3,568.
Tooey Courtemanche, founder, president and CEO of Procore, commented, “Our strong fourth-quarter performance reflects the power of our platform, our leadership position and our trusted partnership with the construction industry. We look forward to continuing this momentum as we enter 2023.
“I’m also thrilled to share that CFO, Paul Lyandres, will be transitioning to a newly established role as President of Fintech in early May, at which time, our SVP of Finance, Howard Fu, will be promoted to CFO. These changes reinforce the incredible calibre of leadership we have as we look towards our next phase of efficient growth and continue advancing our vision of improving the lives of everyone in construction.”
Procore announced that Sarah Hodges would join Procore as Chief Marketing Officer (CMO) on February 21st. In FY2023, Procore expects revenue to be in the range of $895 million to $900 million, representing year-over-year growth of 24% to 25%.
Scoro
Scoro announced several product updates. First up are improvements to the Scoro Planner. It is now possible to adjust the order of scheduled events and time entries directly in the Planner view with a simple drag and drop.
To improve usability, users can now filter out time entries that are done or scheduled, simplifying the view for users in projects with many tasks. The system remembers preferences, and users can quickly turn the filters on and off the filters
There is an improvement in the Calendar integration. Admin users can now collectively manage Google Calendar and MS Exchange Calendar settings for all site users to improve data quality and minimize sync errors.
Finally, the data export feature is now smarter enabling users to export only visible fields, and users can tick the rows they wish to export.
Future updates will include the following:
- Advanced triggers and actions
- Full quote-to-cash flow with role prices
Wrike
Wrike announced an expanded partnership with the integration automation platform Unito. The integration allows Wrike tasks and projects to connect and sync with the visual collaboration platform Miro. The fully embeddable, no-code Wrike add-on allows customers to automatically create Wrike tasks based on Miro cards and keep those work items updated in real time via two-way sync.
Andrew Filev, Founder and CEO of Wrike, commented, “Analysts predict that IT spending is expected to increase 2.4% in 2023, but bigger budgets shouldn’t imply introducing more disparate tools. Workers are already overwhelmed by the number of applications they use to manage their workflows on a daily basis, and many of them can not be used cross-departmentally.
“Organizations should invest in scalable solutions that play well with others, allowing them to consolidate work across platforms. This is where integrations become essential, allowing teams access to a variety of interconnected solutions without spreading employees too thin.”
The add-on gives four distinct benefits:
- Easy, no-code upstart: A simple point-and-click interface lets anyone sync Miro cards with Wrike tasks quickly, with no coding knowledge required.
- Customized sync: A wide range of customizable filters lets you pick and choose exactly which Miro cards and Wrike tasks are synced.
- Consistent labelling: Sync titles, descriptions, colours, and more directly within Wrike tasks to dispatch assignments and coordinate efficiently.
- Real-time updates: With just a few clicks, you can keep teams aligned with up-to-date task details, eliminate duplicate efforts, and meet deadlines.
Marc Boscher, Founder & CEO of Unito, said, “Professionals today want a two-way syncing solution from a single interface that does what they expect it to do. With Wrike Sync, users can do it all from Wrike without relying on a patchwork of one-way automations. That’s why Unito’s two-way sync solution is becoming the standard for the integration market.”
PSA PPM and Work Management news from the week beginning 6th February 2023