By Yasser Mahmud, Vice President of Product Strategy & Industry Marketing, Oracle Primavera

We know that in today’s rapidly changing world, organizations and leaders must adapt to fierce competition, business climate change and customers consistently demanding more for less. And project portfolio management (PPM) initiatives are a key component to help organizations thrive and stand out among competitors.

That’s why I’m excited to announce Instantis EnterpriseTrack 8.5. Since Oracle’s acquisition of Instantis late last year, we’ve been busy working to enhance the leading cloud PPM solution.

Here’s what’s new:

•  Gain more precise capacity visibility for resource planning and project execution with resource calendars that capture vacation, LOA and part-time resource availability

• Ensure compliance and governance processes  with activity labor cost capitalization

• Improve project labor cost estimation, tracking and administration with variable resource rates

Optimize Project Demand Management And Execution

• Enhance productivity and analysis with project request flexible staffing plan and simplified finance estimation

• Improve project status communication and execution with estimated time to complete (ETC) in timesheets and projects

• Achieve audit compliance and governance with field change history for key project and project request fields

• Enforce proper financial accounting processes with the new strict finance lock/close period option

And if that wasn’t enough, we’ve also made additional improvements to timesheets, field change history and finance lock/close period. Learn more about Instantis EnterpriseTrack 8.5.