After a fast-paced period of pre-analysis and scoping of the solution, Projectum suggested the user-friendly and yet advanced Power PPM product (built on the Microsoft Power Platform) to manage and visualize Nordea’s portfolios and initiatives, as well as Time For Teams (built on the Microsoft Azure and Teams platforms) for time reporting purposes and capturing of actuals.
It was decided that the cornerstone should be a modern solution for work management based on the Power Platform with easiness of configuration. The first wave covers 6700 time registration users and 1500 Nordea professionals using the core Power PPM product.
With the first wave concluded, the combined solution helps Execution Leaders in governing and follow-up on initiatives, performing management reporting, capturing actuals, and helping mitigate risks in business deliverables. The newly found data can easily be displayed in Microsoft Power BI, providing clear data transparency and Management reporting – as well as making everyday life easier with a user-friendly input system.
In the words of Camilla Brahe Stenbæk, Head of Technology Transformation at the Nordea CIO Office, the main benefits are: “[…] annual cost savings – that is the number one. Then it is increased automation of processes, increased data quality, and reduced time spent on our processes.”
“Now, we can work smarter and reduce time on the manual processes – with a certain automation level – because of the ease of filling in data in the Power PPM and Time for Teams products. At the same time, we can be compliant with governance rules and banking regulations, because of the build-in workflows. We have a lot of governance procedures to follow, especially around IT development. And lastly, we have experienced a better decision foundation, which is linked to the data quality” states Camilla Brahe Stenbæk.