Propel Software Enriches Product Thread to Improve Customer Experience & Speed Time to Revenue with First of Three Major Releases in 2024
2024年5月9日 - 10:01PM
ビジネスワイヤ(英語)
Enhances Product Commercialization, Supports
Environmental & Sustainability Goals, & Relates Quality
Process to Customer Assets
Propel Software, creator of the first product value management
(PVM) platform, today announced its Spring ‘24 release,
transforming how businesses create, sell, and service products. Its
first new release of 2024 empowers companies to significantly speed
time to revenue, surpass sustainability goals, and elevate product
quality through enhanced collaboration and data integration.
“Spring ‘24 continues to build on the promise that many siloed
legacy solutions fail to provide,” said Eric Schrader, Chief
Product Officer at Propel. “Our platform weaves a trusted product
thread throughout the entire product lifecycle, engaging every
stakeholder to address critical product success factors: how well
it’s designed and made, how effectively it’s marketed and sold, and
how efficiently it’s serviced and supported.”
Shorten Go-To-Market Cycles
Expanding product enrichment capabilities, Propel enhances the
ways product and commercial teams work concurrently to seamlessly
transform and associate a product’s technical definition with its
market-facing content, attributes, and rich product information for
various sales channels. This ensures that all stakeholders are
aligned from the outset, dramatically reducing the time and effort
to navigate from design to commercial sales success.
“Propel is clearly offering something very different than what
others are doing in the PLM space. Its ability to connect the
product record from engineering to marketing will be a significant
enabler to driving alignment and speed in any go to market motion,”
said Jim Brown, President, Tech-Clarity, Inc. “Propel gives
engineering teams a window into marketing’s world, and vice versa.
This visibility is essential to ensure a superior customer
experience and faster time to market, which leads to greater
revenue and market share.”
Strengthen Sustainability Tracking & Reporting
Propel’s Spring ‘24 release also significantly improves
sustainability tracking and compliance at a time where
environmental compliance, social responsibility, and sustainability
are at the forefront of every business strategy. A new integration
with QPoint Technology’s Green Data Exchange allows users to
effortlessly access suppliers’ declarations, certifying that
products meet the highest standards of environmental stewardship
before they enter the market.
R&D, product and commercial teams have a unique opportunity
to improve market access and bolster customer loyalty by
differentiating their offerings on the basis of regulatory
compliance and ESG-leadership. The latter being paramount given its
continued influence on consumer purchase behaviors. In a survey of
2000 U.S. consumers commissioned by Propel and conducted by
OnePoll, 65% cited the importance of brand transparency as they
look for environmental claims when making purchases. Savvy
consumers shared that they’re not easily tricked as 45% reported if
they discovered a brand was “greenwashing” products (making
misleading eco-friendly product claims) they would purchase from an
eco-friendly competitor instead.
Enhance Customer Satisfaction
Propel's commitment to enabling quality and customer
satisfaction improvements has never been stronger. Expanding on the
capability announced in the Winter ‘24 release to link serialized
end units to the item revision that was used to build it, customers
can now relate those serialized customer end units (assets) to
quality workflows, and the affected items will be automatically
linked. Bridging the gap between commercial and product teams
enables rapid contextualization of field feedback. Service and
support teams can problem-solve using a familiar, robust framework
of customer issues and cases tied to serialized assets. Meanwhile,
their quality and engineering colleagues gain immediate visibility
to appropriate parts, assemblies, and documents in need of
remediation and the scope of potential impact across the entire
product portfolio, and all installed assets.
Propel’s Spring ’24 release is currently available. For more
information on Propel products and service offerings, please visit
propelsoftware.com.
About Propel Software
Propel helps product companies grow revenue and increase
business value. Our product value management platform connects
commercial and product teams to optimize decision making, drive
process efficiencies, and engage customers with compelling products
and experiences. Propel has a proven track record of improving
product quality, speeding time to revenue and profit, and improving
customer satisfaction. Recognized multiple times as a Deloitte
Technology Fast 500 winner, Propel is built on Salesforce and
drives product success for hyper growth startups, corporate
pioneers, and Fortune 500 leaders in the high tech, medtech and
consumer goods industries. For more information, visit
propelsoftware.com and follow us on LinkedIn.
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Samantha Chapman, samantha@chapmancommunicationsgroup.com