Redwood City, CA – December 10, 2024 – Propel Software, creator of the first product value management (PVM) platform that transforms how businesses create, market, sell, and service products, announced the launch of its latest software, purpose-built to address the complex needs of product requirements management. This release marks a significant milestone for manufacturers seeking nimble and collaborative solutions by introducing unique capabilities that allow for the efficient reuse of user needs and requirements across product lines and delivery of precise linkage to items in the Bill of Materials (BOM).
As industries continue to demand faster innovation cycles while remaining compliant with industry mandates, Propel elevates organizations’ ability to manage and trace product requirements with unprecedented precision. Companies can now seamlessly connect user needs and product requirements directly to the development cycle, from initial concept through the final product, ensuring that both are persistently monitored and improved upon when needed to exceed customer expectations.
Key Highlights of the New Release:
- Requirement Reusability: Propel’s innovative approach enables companies to reuse requirements across different products, speeding development and accelerating time-to-market.
- Direct BOM Linkage: Offering direct linkage of requirements to product and BOM items, Propel empowers teams to trace needs from inception to final production with unmatched clarity. Furthermore, users can perform a rollup of requirements for complete visibility across your product portfolio.
- Enhanced Trace Matrix Capabilities: Built-in traceability matrix enables Propel users to gain a comprehensive overview of requirement fulfillment across the entire product lifecycle at the click of a button, ensuring compliance and reducing risk.
“Getting product requirements right, and doing so in a timely fashion, is crucial for successful product development. Propel is delivering on that by expanding access to requirements across teams and enabling users to trace them back to BOMs and their components,” said Eric Schrader, CPO of Propel. “This gives product, quality, and engineering-focused roles the ability to accelerate their pace of innovation, setting a new standard for product lifecycle traceability and enterprise collaboration.”
A Forrester Best Practice Report, “Transform Product Lifecycle Management for Future Fit Manufacturing,” written by vice president and principal analyst, George Lawrie, reports: “Innovative manufacturers choose platforms that 1) manage multiple engineering disciplines in a single application; 2) integrate quality management with validation in regulated industries; 3) manage supply chain and contract manufacturing for short-lifecycle products; 4) offer platform coherence in linking requirements to design and testing.”
The latest Propel Software release is now available for existing customers and new implementations. For more information, visit www.propelsoftware.com
Propel helps product companies grow revenue and increase business value. Our product value management platform connects commercial and product teams to optimize decision making, drive process efficiencies, and engage customers with compelling products and experiences. Propel has a proven track record of improving product quality, speeding time to revenue and profit, and improving customer satisfaction. Recognized as one of America’s fastest growing private companies on the Inc 5000, Propel is also a Deloitte Technology Fast 500 winner, and one of Fortune America’s Most Innovative Companies. Built on Salesforce, Propel drives product success for hyper growth startups, corporate pioneers, and Fortune 500 leaders in the high tech, medtech and consumer goods industries. For more information, visit propelsoftware.com and follow us on LinkedIn.
