Propel is an Enterprise Performance Management solution that helps organizations achieve their business goals.
Propel bridges the gap between strategy and execution by enabling an organization to:
Propel Overview - An end to end demonstration
Propel's visual navigation allows for performance to be summarized at a high level, organized and filtered based on your preferences. Viewing data with its peers provides a simple way to understand relative values, such as cost or effort, across the enterprise. Once outliers or unexpected results are identified, drilling to more detailed dashboards provides a view of the data behind the data. This includes the ability to drill all the way to the individual transactions that make up calculated measures, with a link to the source transactional system the data originates from, such as an EAM or ERP system.
The Propel Objective Wheel provides a simple view of an organization's Objectives, with the most strategic high level Objectives in the center, and more and more tactical or process oriented Objectives radiating out as children. This structure shows:
Propel automates performance management processes, generating Events when targets are missed and notifying stakeholders of ongoing activities. Users are engaged and informed via an Activity Stream, which:
Maximo Mary Interviews Southern Power
How Propel unlocked the comparative spend for critical systems across the generation fleet of a leading wholesale energy provider
Asset-intensive organizations find themselves more data-rich today than ever before and are expected to leverage that data to deliver pivotal, strategic decisions. The fact is, data contained in our enterprise systems hold enormous potential for innovation and productivity, but the data is locked in transactional structures that are very complex and expensive to harness in a meaningful way.
The challenge isn’t simply extracting data from enterprise systems, but doing so in a way that yields actionable insight. Fact-based decisions are integral in our environment of economic uncertainty; industries that have historically used “tribal knowledge” can no longer rely on gut-feel.
Typical Business Intelligence (BI) tools are often viewed by executives as a panacea to their data challenges. On the contrary, technology alone is not the answer; in fact, technology should only be addressed after the organization truly understands the requirements they expect a BI implementation to deliver.
One of the initial goals for this Cohesive customer, a leading wholesale energy provider, was to understand historical spending trends for key systems within a plant. Moreover, they wanted to compare system spending trends to identify plants with lower spending rates, deconstruct the successful processes at that plant, and replicate those successes across their generation fleet.
For years, management at each plant was making critical system investment decisions without the benefit of visualizing the correlating effects of their decisions. In other words, they knew they were making the right financial or operational decisions, but didn’t have empirical evidence to objectively validate these decisions so as to share with other plants.
The immediate challenge for this customer was that they didn’t have a way to systematically identify and roll-up costs by system. While this company’s EAM includes some capability for organizations to segment systems in their Location/Asset hierarchies, the customer hasn’t yet leveraged that functionality.
In addition, the customer needed a way to segment system costs by expenditure codes (e.g., OPEX vs CAPEX). Expenditure codes were identified in an accounting code (GL string) tied to each transaction, but not aggregated at the system level once sent to their ERP system.
Cohesive’s customer recognized that, while a high degree of business acumen exists throughout their business, internal BI development teams often lack the breadth and exposure necessary for a successful enterprise implementation. Timeliness was also a key business driver in the customer’s solution requirements. Typical BI tools require as many as two years of intense development effort before the initial delivery.
Cohesive leveraged the consistent, intelligent location naming convention used in the customer’s EAM to quickly segment fleet-wide systems. Propel demonstrated its flexibility to use one of several alternatives to derive this key attribute of the customer’s capital infrastructure. It also has the ability to grow with an organization as their data and processes mature over time.
Expenditure code segmentation is also configurable in Propel to align with company-specific cost tracking implementations.
Propel unlocked data that had been trapped in their EAM system for years. Specifically, three years prior to their Propel implementation, a strategic decision had been made to invest $150K into a capital improvement on one plant’s general service water system that had consistently experienced high O&M costs year-to-year.
The capital investment was intended to reduce (or nearly eliminate) O&M costs for a period of at least four years. While the results were exactly as they had anticipated, they had not replicated the successes at other plants in their generation fleet because they lacked the empirical evidence to validate the impact of their investment. They’re now in a position to objectively evaluate the return on their investment and make a fact-base decision to replicate those successes elsewhere with the potential to save $1.5M over a four-year period.
Too much data, not enough information? Propel provides a level of visibility that transactional systems such as your EAM or ERP system cannot achieve.
What level of confidence do you have in what your data is telling you? Propel quantifies the quality of your data so you have confidence in the decisions based on that data.
Which measures should you manage as Key Performance Indicators (KPIs)? Propel provides valuable business context for measures allowing you to focus on what's most important.
How do you get there? What do you do if it's not going well? Propel enables you to chart a route to success and have backup plans ready when you aren't headed in the right direction.
Is your valuable data being leveraged? See which Objectives and KPIs are actively being managed by viewing Propel activities.
What's going on? Use Propel to communicate to stakeholders and collaborate for success.
For more information on how Propel can help your organization optimize asset investment and unlock business potential.