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Changepoint has launched its new Business Execution Management platform.

The Toronto-based portfolio management (PPM (News - Alert)), enterprise portfolio management (EPM) and professional services automation (PSA) provider said that the new product would improve business strategy, agility and performance.

"Enterprises are looking for a higher level of sophistication in the development of their project and work management strategy today. They now require predictive product solutions that ensure they're not only managing projects right, but managing the right projects from the start," said Mark Upson, President of Changepoint. "Changepoint's Business Execution Management Platform puts business leaders in the driver's seat in this digital age by delivering the strategic insight and oversight required to make more informed decisions and continuously improve business outcomes."

The solution includes a number of dashboards, analytics and reporting tools intended to give companies both top-down and bottom-up visibility into their business processes. Business Execution Management also offers strategic planning support and analysis, letting users determine the effects that current business actions will have in the future.

BEM also includes work planning, measuring and management tools to allow management to assess the performance and return on investment in current projects.

The solutions collaboration and social networking tools enable employees to work together to further increase their productivity across teams.

"Changepoint is providing us unparalleled transparency into our enterprise portfolio investments," Veterans United Home Loans director of Enterprise Architecture Brian Lloyd said.

The company was already familiar with Changepoint’s other tools, including its barometerIT enterprise portfolio management solution.

"BarometerIT gives us the ability to easily map our enterprise so we can identify and prevent redundancies, rationalize our application portfolio, and make more data-driven decisions," Lloyd Said. "Changepoint's Business Execution Management Platform provides business insights that bridge conventional gaps between business strategy and execution in real time, and is immediately helping us improve visibility and accelerate business performance”