Strategy Management
The Wizsm Strategy Management Solution is engineered to empower organizations to effectively manage their strategic initiatives, offering significant advancement over traditional, manual methods like Excel and PowerPoint. The solution directly addresses the challenge that "Companies realize only 40-to-60 percent of their strategies' potential value," a statistic highlighted by The Harvard Business Review, by providing a comprehensive, integrated platform for strategy realization.
The solution encompasses the complete strategy management cycle, from strategy formulation to review, and allows organizations to build their "Organizational DNA" to identify potential gaps and misalignments between objectives and operational elements.
The platform supports the entire strategic lifecycle, including Strategy Formulation, which aligns objectives with external factors, and Strategy Planning, which enables the breakdown of objectives into Key Performance Indicators (KPIs) and the identification of associated risks.
Project and Portfolio and Management
The Wizsm Portfolio and Project Management Solution is engineered to provide a comprehensive, integrated platform for organizations to effectively manage their strategic initiatives, portfolios, and individual projects. The solution directly addresses the challenge that many projects and initiatives fail to deliver their intended value due to poor alignment with strategic goals and inadequate resource management. It offers significant advancement over traditional, disparate methods by providing a centralized and collaborative environment for all stakeholders, ensuring that an organization's investments are aligned with its strategic objectives.
The solution encompasses the complete lifecycle of both portfolios and projects, from initiation and planning to execution, monitoring, and closure, enabling effective management of multiple projects simultaneously, helping to identify potential gaps and misalignments between portfolio objectives and operational elements.
The platform supports the entire strategic and project lifecycle, including Portfolio Formulation, which aligns organizational investments with strategic objectives, and Project Planning, which allows for the breakdown of portfolio initiatives into actionable projects and tasks. This helps to prioritize and manage resources effectively, identify potential risks, and ensure that all efforts contribute to the overall success of the organization.
Management Reporting
The Wizsm Management Reporting solution is designed to streamline and improve management reporting by replacing manual, inefficient processes that rely on tools like Excel and PowerPoint. The platform directly addresses the widespread potential for errors and the static nature of data found in traditional reporting methods, which often leads to poor decision-making and wasted investment.
The solution facilitates distributed data gathering from various sources, integrates this data using Wizsm Integrator, and incorporates approval workflows to ensure accuracy and consistency.
It ultimately helps to overcome the disconnect where analytics are not directly tied to business results, ensuring that insights lead to actionable outcomes.
Governance Risk and Compliance
Governance Risk and Compliance (GRC) is a structured approach that helps organizations meet industry and government regulations, manage risks, and achieve business objectives. GRC solutions aim to unify teams and processes to create a single source of truth, connecting financial and non-financial data to the underlying control environment to foster accountability and transparency. They also help organizations reduce the risk of legal penalties and build trust with stakeholders through ethical business practices..
GRC solutions are built to manage risk, compliance, and audit with AI-driven insights, helping organizations to shift their risk management strategy from reactive to proactive and provide greater assurance to the business.
Wizsm GRC streamlines risk management processes and reduces errors often associated with manual methods. The platform enables automated workflows for redundant tasks like testing, evidence requests, reporting, and risk assessments, freeing up time for teams to focus on advising the business.
The solution also provides a holistic view of risk, compliance, and governance, offering real-time dashboards that increase visibility across audit status, issue remediation, and outstanding tasks.
This capability empowers stakeholders to make informed decisions and take action quickly when new issues or potential risks arise, while simultaneously providing an audit trail of who worked on what and when.
Approvals Management
The Wizsm Low-Code Process Execution solution, also known as Approval Management, is designed to mitigate the challenges organizations face with prevalent manual tasks and the complexities often associated with traditional Business Process Management (BPM) solutions. The solution directly addresses the fact that 86% of businesses report facing barriers to process automation, with complexity and limited budgets being primary challenges.
The solution is built to enable rapid application development with minimal manual coding, making it accessible to a broader user base beyond specialized IT personnel..
Wizsm Approvals Management offers a low-code BPM approach with a visual workflow configurator that allows users to intuitively design and configure business processes, effectively replacing paper and Excel-based processes. The solution provides fully configurable forms, document management capabilities, and version history for documents, ensuring an audit trail. Furthermore, it includes process mining and advanced insights functionalities to analyze process data and identify bottlenecks, and it has strong integration capabilities to incorporate master data from internal systems and external data sources via APIs and Wizsm Integrator. Ultimately, the solution offers a cost-effective way to automate manual processes and approvals, while minimizing training requirements for administrators and end users.
Business Process Management
Wizsm's solutions include Business Process Management (BPM), which aims to provide a replicable roadmap for successful strategy execution by integrating processes, risks, and initiatives with strategy.
The solution serves as a central repository for the processes used by an enterprise, with a collaborative web-based modeling feature that is designed for managers and end-users due to its ease of use.
The solution is an integrated set of modules for Business Process Management, Performance Management, and Low-Code BPM with Integrated Document & Content Management, among others.
Wizsm's BPM solution is a low-code approach, enabling users to assemble building blocks into workflows and applications without the need for coding from scratch.
It also includes powerful case management and automated versioning of documents and objects, which provides process transparency and enforces compliance.
By providing an integrated set of modules, the platform offers management insights into operational, tactical, and strategic data, helping to streamline processes and ensure strategic alignment.
Document Management
Document management solutions are intrinsically linked with Business Process Management (BPM), as many business processes are centered around documents and the information they contain.
Modern solutions in this space go beyond simple file storage, aiming to automate document-centric workflows and provide a unified, intelligent approach to managing information across an entire organization.
These platforms serve to eliminate inefficiencies and risks associated with manual, siloed methods by providing a secure and collaborative environment for all types of content.
By moving beyond a traditional folder-based hierarchy, these solutions manage and retrieve documents based on their content, allowing them to serve as an "integrated set of modules" that includes document and content management within a BPM frameworks.
Solutions like M-Files leverage a metadata-driven architecture, which powers intelligent search and retrieval and allows for a single view of documents regardless of where they are stored.
Similarly, Wizsm offers a low-code BPM solution that includes robust document management capabilities, such as automated versioning and visual workflow configurators.
By automating tasks like document assignments, approvals, and version control, these platforms not only streamline daily work but also improve process efficiency, ensure compliance, and provide a clear audit trail of who worked on what and when.