#United States #San Marcos #Strategic Portfolio Management #OnePlan #smart360

OnePlan Acquires smart360: A Strategic Move for Enhanced Management Solutions

OnePlan, recognized as a leading figure in Strategic Portfolio Management (SPM), has made headlines with its recent acquisition of smart360, an esteemed provider of Enterprise Architecture Management (EAM) and Application Portfolio Management (APM) solutions. This pivotal moment was announced at the OnePlan Empower Conference in Las Vegas, cementing a partnership that promises to tackle one of the most pressing challenges for modern enterprises: managing complex application portfolios while ensuring strategic alignment across business operations.

Addressing Urgent Business Needs

In today’s fast-paced world, organizations are under immense pressure to streamline their technology ecosystems, reduce redundancies, and modernize their applications. The merger of OnePlan and smart360 aims to combat these challenges by merging two powerful platforms, ultimately creating a cohesive system that aligns strategy with execution. With this integration, companies can expect improved capabilities in:

• - Understanding Objectives: Gaining clarity on organizational goals.
• - Structuring Environments: Appreciating the relationships between business and technological infrastructures.
• - Execution Oversight: Managing how tasks are implemented across the organization.

The consequence of this synergy is a single source of truth, empowering leaders with the insights needed to make informed decisions swiftly, thereby enhancing overall operational efficiency.

Bridging Gaps in Strategy and Technology

Organizations today contend with an array of disjointed tools that hinder effective decision-making. By unifying various aspects such as strategic intent, application health assessments, and portfolio execution within the OnePlan-smart360 framework, businesses can navigate the complexities of their operational landscape more effectively.

Furthermore, the benefits extend beyond mere management. Customers will now be able to:

1. Drive Application Rationalization: Quickly pinpoint unnecessary applications and overlapping functionalities.
2. Align Strategy with Execution: Ensure that initiatives are organized transparently, with an understanding of dependencies.
3. Optimize Investments: Evaluate projects not just by financial criteria but also by their architectural impact and risk.
4. Facilitate Modernization: Integrate enterprise architecture directly with resource allocation and project delivery plans.
5. Manage Risks Proactively: Anticipate the repercussions of decisions across various interconnected systems before implementation.

A Vision for the Future

Scott Hebert, CEO of OnePlan, articulated the vision: “The future of portfolio management is about understanding the intersections of strategy, architecture, and execution.” The inclusion of smart360 into the OnePlan ecosystem offers customers an intelligent platform that not only aims to modernize application portfolios but also to refine investment strategies and mitigate technology-related risks.

Adding another layer of expertise, smart360 enriches the partnership with its extensive knowledge in IT governance, risk management, and advanced data visualizations. Together, both companies provide a robust decision-making system supporting all aspects of planning and execution in an enterprise setting.

Karsten Voges, CEO of smart360, noted that “Enterprise Architecture delivers the 'why' and 'impact' behind decisions, while portfolio management gives us the 'how' and 'when.' Together, we present a comprehensive picture, enabling organizations to act on insights effectively.”

Conclusion

This acquisition marks a significant evolution in how companies can approach their portfolio management practices. By merging Strategic Portfolio Management with Enterprise Architecture and Application Portfolio Management, OnePlan and smart360 are setting a new standard for organizations striving to embrace digital transformation and optimize their investments amid economic pressures. This cohesive solution serves as a vital tool for businesses looking to navigate the ever-evolving technology landscape, illustrating that successful strategy is built on a foundation of informed, data-driven decision-making.