Latest news with #PropelSoftware
Business Wire
30-07-2025
- Business
- Business Wire
Propel Software's Summer Release Delivers Customer and Market-Driven Enhancements for Notifications, Component Insights, and Proactive Product Intelligence
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Propel, creator of the first product value management (PVM) platform to transform how businesses create, market, sell, and service products, today announced availability of its Summer 2025 release. The second of three major software releases in 2025 delivers robust automation to customers with seamless workflows that streamline daily tasks for faster, more efficient processes, and better-informed decision making. Propel Software's Summer Release Delivers Customer and Market-Driven Enhancements for Notifications, Component Insights, and Proactive Product Intelligence Share Propel's Summer release makes it easier to address Notifications by applying a user-driven focus, with alerts delivered into daily workstreams such as Slack to heighten collaboration and ensure real-time, expedited response times. Its easy-to-use Notifications app reduces complexity giving users a single place to monitor notification needs, troubleshoot issues, and keep track of activity. Users can quickly add or remove recipients for specific actions and access a clear log of all messages sent. 'At Propel we are consistently analyzing market needs and consulting with customers to influence future capabilities,' said Eric Schrader, Chief Product Officer, Propel. 'Our Summer release prioritizes delivering value in tools where our customers already work so they can take action without leaving their current workflow, increasing business efficiency and productivity.' Propel's templatized lifecycle phases meet customer needs by automating current workflows, eliminating time-consuming customization so that users can focus on strategic priorities. Providing continuous approvers and groupings throughout the process, product companies are able to tap experts when and where needed to prevent time-consuming rework of change orders each time an approver is added. Propel's Admin Audit Trail gives enterprises clear visibility into key changes, helping to track governance around upgrades, process changes, and compliance-related actions. Its low code/no code platform enables users to rapidly adapt to changing business regulations by easily modifying existing applications, or creating new ones. Ensuring smooth organizational maintenance, new capabilities track all lifecycle updates and approval criteria, while monitoring changes related to categories. Propel also expanded Component Insights reporting. Powered by SiliconExpert – a leading global provider of supply chain insights – Propel's new integrated reports and dashboards proactively alert users to component issues for real-time decision making, aiding product design, quality, supply chain, and production. Example reports include: parts not synced, number of distributors by part, and approved manufacturers list (AML) with Silicon Expert risk grade. The latest Propel Software release is now available for new and existing customers. For more information, visit About Propel Software 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 and follow us on LinkedIn.
Business Wire
16-07-2025
- Business
- Business Wire
Propel Software Survey Reveals Key Insights for Product Operations in Discrete Manufacturing
REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Propel Software, creator of the first product value management (PVM) platform that transforms how businesses create, market, sell, and service products, today released findings from its State of Product Innovation 2025: AI Adoption and Collaboration Trends Across Four Industries research. The survey of 800 U.S. employees across industrial equipment, medical device, high tech and consumer goods industries, commissioned by Propel Software and conducted by Talker Research, found that lack of collaboration and disparate systems are negatively impacting product operations, including sourcing and production decisions, product quality, and speed to market. Propel Software survey reveals key insights for product operations in discrete manufacturing Share The survey found that collaboration is a challenge for all industries and product roles, with 49% of respondents saying their product teams (e.g. engineering, quality, supply chain) don't effectively collaborate among their own departments. Technology barriers were the main culprit, such as not having a common system or integrated systems that limit or prevent collaboration (55%). If they could address the collaboration issue, 23% believe it would mainly benefit product quality; 21% said it would allow for better production decisions. Collaboration between product and commercial teams was also an area of concern with 43% of respondents reporting ineffective collaboration between the two key stakeholder groups. As with the product team, technology barriers such as not having a common system or integrated systems that limit or prevent collaboration (58%) were top challenges. If they could address collaboration challenges, respondents believe it would improve product quality and allow products to get to market faster. Lack of collaboration business impacts Survey respondents across departments weighed in on top product innovation challenges including development, launch, and sales processes: Product Management Scoping the time and effort to develop new products or enhancements (24%) Managing product changes (22%) Coordinating across teams (15%) Marketing Having easier access to accurate and up-to-date product data (40%) Tools to compare product variants or configurations (35%) Better collaboration with product and engineering teams (33%) Sales Quick access to accurate, up-to-date product information (42%) Faster responses to customer product questions (42%) Improved coordination with product and marketing teams (41%) Additional role-specific findings: Quality/Regulatory: The biggest challenges related to system validation or compliance readiness respondents face are maintaining ongoing system compliance after upgrades or changes (34%), managing validation documentation and audit trails (22%) and keeping up with evolving regulations (17%). Supply Chain: When a key part becomes unavailable or is delayed, respondents currently search for alternatives manually (37%), escalate to the procurement or supplier manager (36%) or use ERP or sourcing platforms to find alternates (28%). Service/Support: Only 25% say they're always aware of changes to a product before interaction with customers or assets. 'Siloed departments and disconnected software solutions are no match for today's fast-paced market demands, and the urgency to innovate has never been greater,' said Ross Meyercord, CEO of Propel Software. 'With a secure data foundation and AI embedded into the core of a manufacturer's data architecture, companies can scale AI confidently to enhance collaboration, drive efficiency and bolster product operations. To minimize risk and maintain control, manufacturers should prioritize cloud-native, SaaS-based solutions that consolidate operations onto a single platform.' AI presents opportunities and apprehension Sixty-five percent of respondents are using AI in their product operations and seeing success. However, respondents also reported hesitancy to adopt AI within the systems they use for product-related operations because of data privacy or IP leakage concerns (34%), high cost/low ROI (28%) and a lack of trust in AI recommendations (27%). Other key AI usage statistics reported include: Respondents actively using AI and expanding investment: high tech (51%), industrial equipment (32%), consumer goods (26%) and medical devices (24%) Piloting or experimenting with AI in limited areas: consumer goods (34%), medical devices (33%), industrial equipment (32%) and high tech (31%) Those respondents actively using AI justify their AI investments through productivity gain (52%), ability to achieve a competitive advantage (50%), technology consolidation (35%), ability to reallocate resources (32%), direct expense reduction (28%) and ability to reduce headcount (23%). The State of Product Innovation 2025: AI Adoption and Collaboration Trends Across Four Industries survey responses were collected from 800 product management, design engineering, quality/regulatory, supply chain, sales, product marketing, service/support, and IT staff members in the industrial equipment, medical devices, high tech, and consumer goods industries in the U.S. Static and animated survey infographics are available for review here. About Propel Software 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 and follow us on LinkedIn.
Business Wire
06-05-2025
- Business
- Business Wire
Propel Software Expands Visibility and Heightens Confidence for Advanced Decision Making Along the Product Thread
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Propel, creator of the first product value management (PVM) platform to transform how businesses create, market, sell, and service products, today announced availability of its Spring 2025 release. This new release improves decision-making, accelerating go-to-market readiness, and strengthening enterprise compliance across the product lifecycle. Propel Software Expands Visibility and Heightens Confidence for Advanced Decision Making Along the Product Thread Share Propel's newest release gives product companies the tools to move faster, collaborate more effectively, and maintain compliance without sacrificing agility. Key enhancements include: Product Completeness - Improve coordination and collaboration between product and commercial teams with Propel's Product Completeness Scorecard indicating whether a product is prepared for market entry, enhancing speed and alignment in launch execution. Mobile training - Reinforce training compliance, empowering teams with on-the-go mobile access to training through the Salesforce app on all Android and Apple phones and tablets. Product companies can enable continuous compliance across roles and geographies ensuring company-wide adherence without disrupting productivity. Change Impact Reporting - Fully understand the impact of product changes – from parent to affected items – with change impact reporting that provides change context to the object and product. 'From engineering and compliance to product marketing and sales, Propel's Spring '25 release ensures teams will deliver innovative products to market, faster and smarter,' said Eric Schrader, Chief Product Officer, Propel. 'We're streamlining collaboration across the enterprise by replacing out-dated or manual, multi-step processes with a single unified product thread - reducing risk, complexity, and cost.' Other Spring '25 release enhancements include PDX support for sharing multi-level product data with supply chains to prevent delays; workspace search helping approvers quickly locate project stages requiring input; expanded export options for where-used and BOM comparisons, making it easier to evaluate the impact of changes; and bulk item generation, allowing users to create multiple item numbers by category and export them via .csv for use in downstream systems or external processes. Users can also reduce storage costs by leveraging their existing AWS S3 buckets for enterprise file storage, aligning with internal backup and retention policies. The latest Propel Software release is now available for existing customers and new implementations. For more information, visit About Propel Software 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 and follow us on LinkedIn.
