Philip Martin, CEO of Cora Systems.
The most adaptable business transformation system in the world with the widest breadth of functionality for project and portfolio management was launched today in the iconic Guinness Storehouse building in Dublin.
Cora PPM is the revolutionary new software solution which cost €3m to develop by leading Irish software company Cora Systems which is based in Carrick-on-Shannon, Co. Leitrim.
The company’s innovative platform currently handles 500,000+ projects worth over €750bn worldwide giving executives the ability to have visibility into thousands of projects in one view and in real time.
The Cora PPM solution, which digitises the entire project lifecycle, has the unique advantage over its competitors such as Microsoft, Oracle and SAP in that there is only a max of about a 10% adjustment in the way the customer has to change its process to fit their change management system into the new Irish software programme thus making it the most operator user friendly system in the world to Project Management Offices (PMO) and Heads of Engineering. Cora Systems already has seven of its key enterprise clients live on the new platform, including Allergan, PwC, Teleflex and WSP.
In a significant move for the company, Cora Systems has just signed a global partnership reseller agreement with PwC after two-year approval period carried out by the business consulting giant. PwC – who are also a client – were eager to endorse the power of the Cora Systems solution to become a global partner which will see them act as reseller of the Cora PPM solution around the world.
Project management, which is still a very young and developing area, is the last bastion of instructional data and processing systems in the business world. It’s actually the final frontier where revolutionary assistance and transformation tools for staff and management are still being developed, e.g. Accounting, HR, IT systems have all undergone fundamental change which have transformed the way work is undertaken in the workplace.
Cora Systems founder Philip Martin said, "Days of lack of transparency will disappear with our new Cora PPM solution. As a result of this game-changing new solution we are forecasting major new growth for our company and will increase our turnover to €22m by 2022 from €5m by the end of this year.
"We intend to make this happen by targeting the UK, the USA – in particular in the life sciences, public sector and engineering sectors. Ireland is very important to us also due to ongoing government foreign direct investment targeting particularly with US multinationals.
"Our revolutionary new software monitors costs and forecasts in real time, cuts time wasting, monitors schedules and deadlines, providing clear visual representations via graphs and charts.
“These days engineering companies are managing intense projects with a number of different stakeholders involved across multiple locations and time-zones. Collaboration can be difficult when teams are geographically dispersed. Team members are not only employees, but also clients, vendors, sub-contractors, and other third parties.
"Having a solution like ours can reduce time wasted searching for the relevant information and create all important transparent reports for management and directors in seconds as opposed to weeks or months whilst providing an easier decision-making process for those in charge on one centralised system which can hold and retain every action being undertaken within a project and programme and all minutes of every meeting.
"Cora PPM provides a single version of the truth when it comes to real time transparency and reporting, especially when it comes to a governance point of view," he continued.
On the new global partnership with Cora Systems, Sandie Grimshaw, Partner, PwC said, "One of the reasons PwC got involved with Cora in the first place is because we really liked the journey that Cora had been on. We liked the solution, where it was at and we absolutely liked it in comparison with a lot of the competitor solutions."