Professional Services Image by Gerd Altmann from PixabayThis last week saw a few announcements cross the wire. News included product updates from Asana and Scoro. There was a new partnership for Planisware. Smartsheet announced its Q3 results. Wrike revealed findings from a small survey, and Silverbucket OY has renamed itself after a merger.

Asana

Asana published details of updates to its solution with key changes, including:

Planisware

Planisware announced a new partnership with OnePager, a leading provider of project visualization and reporting software. It will see a direct integration between the two solutions. Users of OnePager Bundle version 7.2 will be able to connect direct to Planisware, enabling them to display informative, data-driven project timelines and Gantt charts.

The integration will provide streamlined project communication, enhanced project visibility, real-time updates and customised reporting.

Antoine Villata, CEO, Planisware North America and Jim Black, CEO, OnePager jointly announced, “We are thrilled to meet the needs of our customers who have been seeking a more integrated and seamless project management experience. By combining the power of OnePager’s visualization tools with Planisware’s robust PPM solutions, we are confident that our mutual customers can make smarter decisions and achieve better project outcomes.”

Scoro

Scoro published a recap of what its developers have achieved in December. It includes updates to work management, finance, reporting, time management, automations, admin and search & support.

Silverbucket

Silverbucket announced that EG Group companies EnerKey Oy, Silverbucket Oy and Jydacom Oy merged on 1.11.2023 into the new company EG Software Finland Oy. The Silverbucket business will continue as before, and all rights and obligations of Silverbucket Oy will be automatically transferred to EG Software Finland Oy. All contracts and obligations towards our customers will also remain unchanged.

Smartsheet

Smartsheet announced its Q3 fiscal 2024 results.

Key figures included:

  • Third quarter total revenue grew 23% year over year to $245.9 million.
  • Operating Income (Loss): GAAP operating loss was $(35.5) million, or (14)% of total revenue, compared to $(42.6) million, or (21)% of total revenue, in the third quarter of fiscal 2023.
  • Net operating cash flow was $15.1 million, compared to $(1.8) million in the third quarter of fiscal 2023.
  • Free cash flow was $11.4 million, or 5% of total revenue, compared to $(4.6) million, or (2)% of total revenue, in the third quarter of fiscal 2023.
  • Dollar-based net retention was 118%.
  • Smartsheet ended the quarter with cash, cash equivalents, and short-term investments of $568.7 million.

Mark Mader, CEO of Smartsheet, commented, “We exceeded expectations on the top and bottom lines this quarter. Our enterprise customers are operating more durable, more mission-critical solutions on the Smartsheet platform than ever before. We remain focused on bringing our latest innovations to the market so new and existing customers can fully capitalize on our enterprise-leading platform.”

Wrike

Wrike published findings from the Collaborative Work Management Index (CWMI), which reveals where customers are getting the most value out of Wrike. The findings show that improved visibility into work is the biggest value driver for introducing Wrike into an organization. This is followed by improved standardization of work practices and better collaboration and communication.

Key findings included:

  • 66% of customers say Wrike has improved visibility into work
  • 53% say it provides more visibility into work progress and helps identify bottlenecks
  • 57% of customers say Wrike has improved standardization of work practices
  • 55% say the platform has improved collaboration and communication
  • 77% of Wrike customers saved time spent requesting status updates
  • 77% saved time requesting information
  • 68% saved time spent emailing

Brian Nourani, President and CRO at Wrike, commented, “Data-driven decision-making is the name of the game, and we take this same approach to understanding our customers. Analyzing customer feedback and taking time to understand where they are getting the most value out of Wrike is invaluable for both sides when work complexities are costing organizations up to $60M a year. Findings from the CWMI help us build a more intentional product roadmap and open the door for account teams to have more informed discussions with our customers about accelerating the value of Wrike across teams.”

PSA PPM and Work Management news from the week beginning 20th November 2023

 

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