March 25, 2017

Gartner Report Underscores the Value in Strengthening Service Line and Portfolio Management Processes

Gartner_logoA report, ‘The Gartner Scenario for IT Services Providers: The Future of IT Services’, published earlier this month, really struck a note with us at Changepoint. According to its authors, IT services leaders are slowly losing market share, largely due to their inability to respond to market forces quickly enough. This report highlights the shifting landscape for IT service providers including how buying patterns are changing as IT procurement spreads out across the enterprise, new technologies and delivery mechanisms are shifting, and user expectations are evolving as the empowered consumer starts to make waves in the workplace. Professional service providers need to keep pace with these changes or they will slowly become irrelevant.

For professional service providers, it is no longer enough to solely conduct annual reviews to decide which direction the company should move, what geographies to target, or what products and services to sell. These factors are ever changing and to stay ahead of the curve companies must be able to make improvements and streamline operations on a continual basis to allow them to offer cheaper, faster, and higher quality solutions to customers. In his accompanying webinar, Eric Rocco, Managing VP for Gartner explained it this way: “To capture future growth and be positioned on the right side of the fast-shifting IT services marketplace, IT service providers of every type need to bridge their legacy offerings and new delivery paradigms.” Professional service organizations must become increasingly agile and have the right data in place to support business decisions if they plan to respond to opportunities in real-time.

Rocco highlights that to do so providers must strengthen their service line and portfolio management processes in order to be successful. Professional Services Automation (PSA) and Product Portfolio Management (PPM) are two critical tools enabling them to do just that–respond to changing markets quickly and with greater accuracy. By providing easy access to actionable data about where demand is being generated and what requests customers are making, organizations using these solutions can make timely changes in their delivery of IT and business process services.

It is not only that; PSA and PPM also allow organizations to keep track of all the moving parts within their services businesses. As providers start to introduce new services and territories, it is easy to over-extend – having this control and visibility thus becomes invaluable. By understanding the cost of delivery, while managing resources and human capital in a more effective way, providers can build business models that deliver a streamlined service for the customer in a more cost-effective way; everyone’s a winner!

We would like to hear more about how your organization is using PSA and PPM solutions to stay ahead of the curve in your industry. Feel free to post your thoughts in the comments section or reach out to us on Twitter at @_Changepoint.

social@changepoint.com' About Changepoint

We’ve been serving corporate businesses with professional services software and IT management solutions for more than 20 years. Our flexible and powerful professional services solution enables growth, financial health and improved efficiency for our global customers. It marries professional services automation (PSA), project portfolio management (PPM) and powerful business analytics to provide total operational visibility and control over their strategic business portfolios.