VCSonline, a provider of software-as-a-service (SaaS (News - Alert)) in Web-based project, portfolio, and resource management solutions, recently reported a 35 percent increase in revenues of their VPMi SaaS project management software for 2008.

 

Economic downturn is forcing many organizations to improve worker productivity with less staff. VCSonline customers who are leveraging VPMi SaaS software said that the product makes it simple yet sensible to manage projects and resources without the overhead of complex software, licensing, servers, and added staff.

 

"The popularity of the on-demand deployment model has increased significantly within the last four years," said Sharon Mertz, research director at Gartner (News - Alert). "Initial concerns over security, response time, and service availability have diminished for many organizations as SaaS business and computing models have matured and adoption has become pervasive."

 

The company's VPMi Express, a Web-based project portfolio management solution, facilitates project centric associations to improve collaboration between customers, employees, and suppliers while reducing the costs associated with server, support, and project administration.

 

The SaaS version of the offering provides teams the ability to setup work-plans, track time, attach documents, resolve issues, report status, monitor progress, and manage projects costs.

 

The Professional version of VPMi not only includes project management, but also features program management, portfolio management, resource management, governance and personal management.

"Conventional wisdom tells us a company can't be the lowest cost and the most innovative solution at the same time," said VCSonline co-founder Nick Matteucci.

 

"Yet our growth numbers in this economic environment are evidence to the contrary. When organizations see how easily they can lower project and resource management costs while improving collaboration and accountability, they are interested. When they see how fast we deploy and the low price per user, they are sold. Quite frankly we are working hard to keep up with new customers while our competitors suffer through seemingly endless rounds of layoffs."

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