What is Application Portfolio Management (APM) Software?

Today, with the ever-increasing and developing technologies, IT departments are trying to manage a large number of applications. In addition, the increase in the number of applications used in organizations is mostly due to past mergers and acquisitions, globalization or simply organic growth. With the increasing number of applications, IT departments face critical challenges, from unnecessary application costs to the uncertainty of integrations between applications. Application Portfolio Management is a proven methodology used by IT departments to successfully re-engineer IT software applications as a solution to these problems.

Application Portfolio Management (APM) is a process that helps organizations perform inventory across multiple perspectives throughout the lifecycle of applications. Without Application Portfolio Management, it is not possible to select best practices for the organization and organize all systems.

What is Application Portfolio Management (APM)?

Application Portfolio Management (APM) is a framework that provides an inventory of company software applications and metrics to manage all IT software applications and software-based services owned by an organization and demonstrate to administrators the business benefits of each application.

Application Portfolio Management helps identify functional requirements for application maintenance and development and in the process of managing a portfolio of related applications in terms of functionality and data dependency. Assists in the design and deployment of applications owned by the organization to support business processes and provide ongoing support.

What are the Benefits of Application Portfolio Management?

With the help of Application Portfolio management, organizations can determine which applications to keep, upgrade or eliminate, and inventory applications and determine their technical and business value. However, Application Portfolio Management has several advantages such as cost reduction, platform condition and risk management, and advanced business support.

Visibility and Control Over Applications

Application Portfolio Management allows organizations to take application inventory from many perspectives about the applications they own, such as lifecycle, costs, distributions or the business capabilities they support and manage this inventory from a single screen. By connecting applications to business capabilities, IT portfolio managers can understand the impact of IT software assets on the organization and conduct situational analysis to rationalize applications.

Application Rationalization

Application Portfolio Management tools include many dashboards for organizations to understand the portfolio of applications they have. For example, dashboards in the application lifecycle provide information about when an application is to be retired or replaced by another version. By using these dashboards that highlight potential inconsistencies, IT administrators can rationalize the applications the organization has and help better plan IT transformations.

Reduces the Risk of Technology Obsolescence and Standardizing

Thanks to the tools of the Application Portfolio Management, information about the life cycles of applications can be viewed. Based on this information displayed on the Application Portfolio Management, decisions can be made regarding the lifetime of the applications used in the company and whether they comply with the standards. This reduces costs and prevents the use of counterfeit technologies.

Enhanced IT Transformation Roadmap

With Application Portfolio Management, future IT projects for the organization can be simulated and the outcome of the assumptions analyzed based on the lifecycles and cost assumptions of existing applications. IT department plans and executes IT transformation by seeing the impact on IT systems and comparing different scenarios. As IT transformation accelerates with Application Portfolio Management, the IT department can focus on innovation by dedicating the time it saves to new business ventures.

Streamlines Outsourcing of IT Operations, IT Controls, and Compliance

If an organization outsources some of its IT assets, it must maintain a detailed inventory of these assets and remove potentially irrelevant applications. Therefore, a thorough evaluation should be made before deciding which applications to keep and which applications to outsource. Application Portfolio Management helps organizations better understand and support the roadmap of IT applications.

What is Application Portfolio Management Software?

Application Portfolio Management (APM) Software is a business solution that allows an organization to manage IT software applications and software-based services from a single screen in order to provide all the above-mentioned benefits. It uses a scoring algorithm to generate reports on the value of each application the organization has and the health of the IT infrastructure as a whole. Application Portfolio software collects metrics about the age of an application, how often it is used, its relationship with other applications, and the costs required to maintain the application. These metrics it collects play a role in making important decisions for administrators such as keeping, updating, retiring or replacing applications.

What are the Advantages of Using Application Portfolio Management Software?

Application Portfolio Management (APM) Software provides all the above-mentioned benefits to organizations. However, the most important advantage of Application Portfolio Management Software is that it allows organizations to monitor all their applications on a single screen. In addition, Application Portfolio Management Software provides cost reduction, risk management and business support.

• Innovation

APM Software helps to manage existing applications in the best way. In this way, development teams can spend more time developing new innovations, saving the time they spend managing applications. As a result, Application Portfolio Management Software enables the IT team to make important business decisions and provide faster and more efficient support.

• Business continuity

Productivity increases, especially when developing and implementing systems, as Application Portfolio Management Software encourages teams to use best practices. This allows companies to focus on their core business.

• Platform stability

Application Portfolio Management Software accelerates development through simplified integration and interconnected systems. Thanks to data flow and information sharing between DevOps, Service Desk, Application Operations and Application Development, problems that may occur are solved easily and quickly.

• More performance

With the Application Portfolio Management Software, the design, development and testing efforts of the stakeholders can progress in sync. As an advantage of this situation, maintenance costs and maintenance time intervals are minimized. In addition, Application Portfolio Management Software improves the availability and performance of critical applications. This significantly improves business performance and revenue streams.

• Better user experience

Application Portfolio Management Software improves the quality of your existing applications and helps to make the right application purchase decision. Better quality apps mean a better user experience and more productive communication between internal and external users.

• Higher efficiency

Thanks to the Application Portfolio Management Software, teams can save time and devote time to more important tasks. Application Portfolio Management Software helps increase productivity and maximizes investment in skills, processes and technologies.

• Reduced Costs

Application Portfolio Management Software allows viewing the lifecycles of existing applications on a single platform. As a result, organizations can schedule maintenance and upgrades of their applications and decide to dispose of unnecessary applications. This results in lower costs.

Why Application Portfolio Management Software is Important?

Application Portfolio Management Software is an essential factor for an organization's ability to innovate and grow. It ensures that business functions are handled properly with modern applications and allows to execute business times more efficiently, faster and at less cost.

Applications managed using an effective Application Portfolio Management Software are more reliable and less prone to failures that can lead to loss of functionality. In addition, as an advantage of seeing applications from a single screen, it helps to predict and prevent potential security problems and legal problems that may arise from license periods. As a result, the importance of Application Portfolio Management Software for organizations is multifaceted.

Loggle provides Application Portfolio Software that allows organizations to manage their applications from a single screen. With Loggle, you can view all your software, hardware and integration assets from a single screen. Contact us for more information about Loggle.