SpecIT IVSM

SpecIT™ IVSM Features

Technology Specification & Selection

• Quickly gather detailed functionality requirements (30,000 functionality points) and compare with the capabilities of over 2,000 "packaged" applications.
• Specify the requirements of multiple entities e.g. countries, companies, divisions etc.
• Ability to consolidate all of the specifications into one at the press of a button.
• Report back to the individual operating units to show how their requirements are met by the consolidated specification.
• Define an organisational specification process and methodology ensuring a consistent approach is applied for all projects.
• Gap analyses - build versus buy, prioritising development.
• Managing releases and maintenance costs of internal systems.
• Purchasing tool - IT (e.g. hardware).
• Automated and paperless tendering tool to manage all the interaction with vendors.
• Process validation tool.
• It can be used as in-house skills database.
• Enables you to compare vendors on a like for like basis.

Application Repository

• Record the functionality of existing applications so that they can be treated as a potential vendor.
• Benchmark the capabilities versus requirements.
• Establish where there is crossover in functionality between applications which could highlight duplication of information, redundant functionality etc.
• Enables you to view projects undertaken by other companies within the same organisation.

Due diligence in M&A

• In conjunction with SpecIT™ Portfolio, evaluate the applications of the target organisation.
• If successful, it can than be used to compare against your own applications to establish which are the most appropriate.

SpecIT™ IVSM Benefits

Financial / Cost Reduction

• Significantly reduces the costs of undertaking a specification and selection process.
• Reap the benefits identified as part of your ROI months earlier than the more traditional methods.
• Reduces the requirement for internal business analysts.
• Ensures you don't overpay.
• Ensures that you pick the right product.
• Reduces the costs of handling RFP's through a web driven paperless process.
• Minimises any external consultancy costs.
• Aids the implementation process by reducing the requirement for business analysis of requirements by implementers.
• Implementation can be much quicker because supplier can use the output to design required business processes.

Compliance

• Ensures that a consistent methodology and process is enforced across all projects. IVSM is flexible to allow each organisation to define their own methodology.
• Audit trail of the whole process.
• The right product is selected for the right reasons.
• Independent advice. MMG does not receive commission or charge vendors.
• Covers the whole market in terms of software vendors.
• Helps nullify internal politics.
• Used as a post-implementation checklist, ensures system complies with business requirements.
• Ensures that the application meets your architecture / technical standards.

Due Process

• IVSM has over 30,000 functionality points.
• Incorporates best business practice. Clients and IT vendors are constantly adding to the functionality covered by IVSM.
• IVSM not only looks at application functionality but also at the architecture / technology.
• Modelling capabilities enable you to define your own criteria.
• Enables a gap analysis between current capabilities and future requirements enabling a business case to be rapidly developed.
• The vendors all respond in the same format enabling an 'apples for apples' comparison.