New Workload Forecasting and Resource Planning Tool Can be Integrated with Any Mobile Workforce Management Platform
Southborough, MA - March 17, 2008 - ViryaNet Limited (Other OTC: VRYAF.PK), a leading provider of software applications that optimize business processes for field service management, today announced the release of ViryaNet Strategic Planning .
ViryaNet Strategic Planning completes the work order and resource planning process by providing the ability to forecast workload well into the future and determine appropriate resource plans to tackle the forecasted workload. The resource plans developed with ViryaNet Strategic Planning form the foundation for ensuring the right resources are working in the right territories with the right skills. When the anticipated workload is scheduled weeks or days in advance, your scheduling engine leverages your strategic, advanced planning for operational excellence.
Rather than based upon a simplistic spreadsheet application, ViryaNet Strategic Planning is a pure Web-based, stand-alone application built upon a sophisticated forecasting engine. It is designed to work with any underlying mobile workforce management platform. The pre-built extraction routines enable rapid deployment either within a customer environment or in a hosted solution for any company using a mobile workforce management solution, including those from Ventyx, Clicksoftware, CGI, SAP and others.
" ViryaNet Strategic Planning completes our vision to provide customers with complete work order and resource planning tools," said Aviram Hinenzon, VP Solutions for ViryaNet. "With ViryaNet Strategic Planning added to our offering we have a full range of planning tools covering the full spectrum of long-cycle to short-cycle planning decisions, we can provide our customers with the ability to forecast workload, develop a long term resource staffing plan, use our tactical planning tools to adjust the plan based on current events, and produce optimized schedules for the daily workload."
"We are proud to provide this new competitive capability and believe its' ability to interoperate with any mobile workforce management application provides ViryaNet with unique positioning within the industry," stated Memy Ish-Shalom, CEO, ViryaNet. "We pride ourselves on focusing on Field Service Optimization and this new offering is another example of our leadership position."
Strategic Planning Features
ViryaNet Strategic Planning provides decision-making tools for the proactive manager looking out into the future, such as planners, supervisors, and business strategy managers. To produce the best possible resource plan, ViryaNet Strategic Planning provides users with automated and interactive features:
- The Workload Forecasting Feature uses objective methods, such as statistical models to predict future values, and subjective methods where business experts can alter values of the forecasted elements.
- The Workforce Analysis and Planning Feature is an iterative process for matching of resources to the corresponding activities by analyzing the performance of the workforce for each business level (geography, work type, shift), analyzing the gaps between supply and demand and applying new strategic plans that could adjust the workforce build-up, location and or performance.
- The Plan Monitoring Feature allows the user to view previously created strategic plans and compare their predictions with the actual business performance.
About ViryaNet
ViryaNet provides packaged industry solutions that intelligently guide, automate, and optimize both simple and complex field service work, resulting in operational excellence. ViryaNet's solutions specialize in the functions of scheduling and dispatching resources and enabling mobile field communication. Embedding industry best practices and utilizing a powerful workflow engine, web architecture, and visibility suite, the ViryaNet solutions allow companies to outperform their competition, better the customer experience, improve financial performance, and address regulatory compliance. ViryaNet possesses a 20-year history in the field service space, a vast number of customers across a variety of industries, and strong partnerships with leading platform and system integration companies. Headquartered in Southborough, MA, ViryaNet enjoys a worldwide presence with offices and customers located in North America, Europe, and the Pacific Rim. For more information, visit www.viryanet.com.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding ViryaNet's expectations, beliefs, intentions, or strategies regarding the capabilities of its products, its relationships with its customers, its customer purchases, its future operational plans and objectives including integration of other businesses, its future business prospects, its future financial performance, its future cash position, and its future prospects for profitability. All forward-looking statements included in this document are based upon information available to ViryaNet Ltd. as of the date hereof, and ViryaNet Ltd. assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to ViryaNet's business include market acceptance of and demand for the Company's products, risks associated with a slow-down in the economy, risks associated with the financial condition of the company's customers, risks associated with competition and competitive pricing pressures, risks associated with increases in costs and operating expenses, risks in technology development and commercialization, the risk of operating losses, risks in product development, risks associated with international sales, and other risks that are set forth in ViryaNet's Form 20-F, dated September 29, 2008 and the other reports filed from time to time with the Securities and Exchange Commission. Reported results should not be considered an indication of future performance. You should not place undue reliance on these forward-looking statements, which speak only as the date hereof. ViryaNet disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.