Engenion Triumphs at the Globee Awards

Engenion, the innovative Project Portfolio Management (PPM) tool developed by GFT, has made a significant mark at the Globee Awards for Technology, securing wins in three prestigious categories: Most Innovative Company of the Year – Cloud/SaaS, Project and Portfolio Management, and Most Innovative IT Software.

Engenion addresses a critical issue faced by the automotive industry and beyond: managing substantial R&D budgets efficiently. Traditionally plagued by guesswork and manual adjustments, budgeting in automotive manufacturing has often led to inefficiencies and overspending. Engenion changes this narrative with its unique features:

• Object-Activity-Value (OAV): This feature unifies work activities, development objects, and resource expenditures, offering real-time budget and performance insights.
• Meta-Data Tagging: Tags all system inputs to enable accurate future project cost forecasts based on historical data.
• AI Integration: Incorporates a personal assistant for simple data queries and a report assistant for voice-command report generation.

With over 20,000 users and managing several billion Euros in development value, Engenion has delivered significant cost savings, reducing project development budgets by around 5%. Compared to traditional Work-Breakdown-Structure Logic in many PPM tools, Engenion’s OAV framework provides a unified structure for engineers and executives, enhancing cost transparency, data consistency, and decision-making.

The latest Engenion release, introduced on 1 July, features a revised user interface and modernized design for an intuitive and visually appealing user experience. New portfolio staffing functions enable project prioritization based on strategic objectives, while enhanced filter options, capacity and hourly allocation comparisons, and personnel cost considerations allow for proactive human resource management.

Engenion’s success continues, having recently been awarded “Best New Product” and “Most Innovative Solution” at the Best in SaaS Awards in June, with GFT also earning the title of “Best Company” for its work in task management software.

As part of the GFT AI.DA Marketplace, Engenion combines predictive and generative AI technologies with data analytics, promoting the development and introduction of AI applications. The GFT AI.DA Marketplace provides a comprehensive collection of use cases, methods, reference architectures, and preconfigured solutions, significantly accelerating digital transformation.

Engenion’s recognition at the Globee Awards underscores its status as a leading solution in the PPM market. GFT continues to offer comprehensive specialist consulting and software products in compliance and project portfolio management, serving clients in over 60 countries.

“Engenion transforms R&D budgeting from guesswork to precision,” said Jens-Thorsten Rauer, GFT Managing Director and Leader of the Global Product Business. “With our Object-Activity-Value logic, we provide real-time insights that lead to significant savings in development costs. Engenion is setting a new standard for transparency and efficiency in complex development projects.”