Upland Software Previews Market’s First WorkCenter for Project and Financial Management to Help Enterprises Manage IT Spend Problem

October 22, 2019 4 minute read

Upland Admin
October 21, 2019 8:00 AM EDT

Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based Enterprise Work Management software, announced that it will preview Upland WorkCenter, a reporting and analytics console, for its Project and Financial Management (PFM) solution suite at Gartner IT Symposium/Xpo™, one of the world’s largest gatherings of CIOs and IT Executives in Orlando, Florida. Upland’s PFM solution suite includes Project and Portfolio Management (PPM), IT Financial Management (ITFM) and Telecom Expense Management (TEM) solutions, and combined with Upland WorkCenter, will provide enterprises with unprecedented visibility into all of their IT, cloud, and telecommunications costs, plus deeper insights into IT-related resource and project expenses.

According to Gartner, “Worldwide IT spending is projected to total $3.74 trillion in 2019” and includes hardware, software, IT services, and telecommunications expenditures.1 The “Three Trillion Dollar Problem” is what Upland Software is calling this total worldwide IT spend that it believes needs to be more transparent, better managed, and optimized.

To that end, Upland WorkCenter will provide a real-time, persona-based, single pane of glass view of data across Upland’s ITFM, PPM, and TEM solutions. Along with the solution suite’s integration with Microsoft Teams announced earlier this year, Upland will be able to help IT leaders discover where they spend, how they spend, and how to save on their portion of the “Three Trillion Dollar Problem” through industry-leading collaboration, granular reporting, and actionable insights across the enterprise.

“Upland is the first company to combine an IT Financial Management solution, ComSci, with an IT and Telecom Expense Management solution, Cimpl, along with an enterprise-grade PPM solution in PowerSteering. With these components, Upland is working to create an industry-leading ERP-type solution framework to automate, manage, and rationalize all aspects of Information and Communications Technology business operations,” said Hyoun Park, CEO and Chief Analyst, Amalgam Insights.

“PowerSteering has transformed how our company administers capital spending,” said a customer in a recent 5-star review of Upland’s PFM solution suite on Gartner Peer Insights.

“ComSci’s ITFM solution has greatly increased the visibility of our IT service costing,” said a customer in a recent 5-star review of Upland’s PFM solution suite on Gartner Peer Insights.

“Enterprises are looking for efficient ways to tamp down spiraling IT costs by aligning corporate cost transparency initiatives with disciplined project portfolio execution,” says Mounir Hilal, Executive Vice President and Chief Customer Officer at Upland Software. “When WorkCenter is added to our Project and Financial Management solution suite, Upland will provide enterprise IT teams with a single view of all IT, cloud, and telecommunications costs as well as deeper insights into all project portfolios and resources to better manage and control large technology cost drivers.”

Upland Software will preview WorkCenter for its Project and Financial Management solution suite at Gartner IT Symposium/Xpo™, in Orlando on October 20-24. To schedule a meeting with an Upland business leader at the event visit uplandsoftware.com/GartnerIT2019. To learn more about Upland’s Project and Financial Management solution suite visit uplandsoftware.com/PFM.

About Gartner IT Symposium/Xpo™
Gartner IT Symposium/Xpo is the world’s most important gathering of CIOs and senior IT executives. This event delivers independent and objective content with the authority and weight of the world’s leading IT research and advisory organization and provides access to the latest solutions from key technology providers. CIOs and IT executives rely on Gartner IT Symposium/Xpo to gain insight into how their organizations can use IT to address business challenges and improve operational efficiency. For more information, please visit https://www.gartner.com/en/conferences/na/symposium-us.

About Upland Software
Upland Software (Nasdaq: UPLD) is a leader in cloud-based enterprise work management software. Upland provides eight enterprise cloud solution suites that enable more than one million users at over 9,000 accounts to win and engage customers, automate business operations, manage projects and IT costs, and share knowledge throughout the enterprise. All of Upland’s solutions are backed by a 100% customer success commitment and the UplandOne platform, which puts customers at the center of everything we do. To learn more, visit uplandsoftware.com.

1. Gartner Press Release, “Gartner Says Global IT Spending to Grow 0.6% in 2019,” July 10, 2019. https://www.gartner.com/en/newsroom/press-releases/2019-10-07-gartner-says-global-it-spending-to-grow-06-in-2019

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