Name: West Monroe New Product Development
Author: West Monroe

Help Desk

Web and Video Conferencing

Customer Support

Mind Mapping

Mobile App Development

Push Notifications

Development

Audit

Business Intelligence (BI)

Calibration Management

Collaboration

Embedded Business Intelligence (BI)

Org Chart

Procurement

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Credentialing

HR Management

Payroll

Professional Employer Organizations (PEO)

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

C/C++ Integrated Development Environments

Cloud Storage

Compliance Consulting

Cybersecurity Consulting

Data Virtualization

Dynamic Application Security Testing (DAST)

Electronic Data Interchange (EDI)

Fraud Detection

HTML Editors

IT Service Management (ITSM)

Identity Management

Infrastructure-as-Code (IaC)

Integration Platform as a Service (iPaaS)

Managed Print

Network Performance Monitoring

Password Management System

Relational Databases

Remote Monitoring and Management

Software Defined Networking (SDN)

Traffic Switching

Virtual Private Network (VPN)

Virtualization Management

Voice Recognition

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Consumer Ratings & Reviews

Content Management

Email Marketing

Heatmap and Session Recording

Landing Page

Marketing Automation

Marketing Resource Management

Mobile Marketing

Presentation

Social Login

Social Media Management

Survey & Forms Building

Video Streaming

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales

Antivirus

User and Entity Behavior Analytics (UEBA)

Security

Auto Repair

Equation Editors

Insurance Agency Management

Legal Research

Library Management

OSS/BSS (Operations Support/Business Support)

Real Estate Property Management

Vertical-Specific

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The West Monroe New Product Development is a solution designed to assist high-tech and software companies in developing products and offerings. According to the vendor, this product aims to drive growth, profitability, and a competitive edge for businesses of all sizes. It is utilized by various professionals and industries, including technology professionals, product managers, business analysts, marketing professionals, software development teams, high-tech industry, software industry, private equity investors, and the financial services industry.

## Key Features

**Strategic Direction Alignment**: According to the vendor, this feature works with leadership and functional teams to build consensus around the strategic direction, objectives, and timing for a new product or offering, ensuring alignment and accelerating progress.

**Comprehensive Market Insight**: The vendor claims that this feature produces insights about the market and current capabilities by leveraging data, deep industry knowledge, and technology expertise to make informed decisions and recommendations.

**Winning Strategy Development**: The vendor states that this feature develops a strategy for targeted markets that reflects competitive strengths, considering portfolio, pricing, packaging, and prioritizing winning capabilities and feature needs for target segments and personas.

**Holistic Considerations**: According to the vendor, this feature considers operating model implications, go-to-market strategy, service delivery, agile product development, organization design, and identifies necessary systems to support new offerings, processes, and people.

**Product Development and Delivery**: The vendor claims that this feature defines product/offering requirements based on market, competitive, and customer inputs, prototypes and conducts market testing using iterative sprints, designs and builds a minimum viable product (MVP), and integrates the new offering(s) into the existing portfolio.

**Generative AI Accelerator**: According to the vendor, this feature assists businesses in finding the right balance of risk and innovation in testing generative AI, providing guidance on leveraging generative AI to drive business growth and efficiency.

**Cost Optimization for High-Tech & Software**: The vendor states that this feature helps high-tech and software companies shift from a growth-over-profitability mindset to a focus on efficient, profitable growth, identifying levers to optimize costs and improve financial performance.

**Strategic Workforce Optimization with Work 4D**: According to the vendor, this feature offers a way to solve talent challenges while reducing costs by up to 40%, utilizing the Work 4D approach to optimize workforce planning, talent acquisition, development, and retention.

**Data-Powered Revenue Operations**: The vendor claims that this feature builds revenue operations for the fast-moving XaaS world, providing a competitive edge through data-driven insights that fuel real market advantages.

**Software Platform Consolidation & Strategy**: According to the vendor, this feature helps high-tech and software companies develop a winning platform strategy, accelerating consolidation to deliver growth goals.

West Monroe multidisciplinary teams blend industry experience and technology acumen with distinctive expertise in creating products and experiences. They boast partnerships with more than 150 software, hardware, and tech-led services businesses and 65 private equity investors that support product evolution.

Seed (3 Users)

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Tree (10 Users)

Forest (20 Users)

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West Monroe New Product Development

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West Monroe New Product Development

Overview

What is West Monroe New Product Development?