Cost effective and efficient time to market programs are successful when communication, collaboration, and visibility into information are included as part of the product innovation process. By increasing visibility, executives can more accurately project sales revenue, determine acceptable levels of business risk, and set expectations for R&D investment. Armed with an optimized process for product research and development, organizations maximize the chances for success and increase “time to innovation.”
Open Text solutions for product research & development deliver this functionality with the following components:
Software: Document Management, Program Management, and Workflow
Supplemented by Business Content (e.g., predefined workflows) to give you a head-start in configuring workstreams and processes, Consulting Services, Training and Support tailored to meet your requirements.
GOAL: Develop new markets
KPI: Increased percentage of revenue from new customers and realize penetration in previously untapped sectors or geographies
GOAL: Extend market share
KPI: Increased revenue and industry awareness
GOAL: Reduce time to market for new offerings
KPI: Reduced lead times for product development
GOAL: Reduce administrative costs and improve business processes
KPI: Reduced R&D costs and tangible cost savings on overhead
GOAL: Standardize business processes
KPI: Reduce average development cost per new product