Business Services Industry
Recent Industry Research Supports ViryaNet's Product Roadmap and Value Proposition
Business Wire, June 11, 2008
Aberdeen Group Research Indicates Leading Firms Are Placing Strong Emphasis on Workforce Management and Scheduling Solutions
SOUTHBOROUGH, Mass. -- ViryaNet Limited (OTC BB: VRYAF.OB), a leading provider of software applications that automate business processes for field service management, and the Aberdeen Group, a Harte-Hanks Company (NYSE: HHS) today announced the release of a ground-breaking industry report that examines how leading companies are optimizing processes and adopting scheduling technology to improve their staff productivity, operational efficiency, and financial performance.
The report, entitled Complex Service Work: Scheduling Technicians, Crews, and Physical Resources, finds that leading service firms are twice as likely as all other firms to centralize the function of scheduling across the entire organization. Success characteristics of these leading firms include:
* 95% project deadline and Service Level Agreement (SLA) compliance
* 83% current technician / crew utilization
* 7.3% reduction in overtime pay over the last 12 months
* 8.8% increase in equipment utilization over the last 12 months
"This report, the first to cover the topic of complex work, provides a benchmark against which firms can measure themselves," stated Jack McAvoy, Research Director and author of the report, Aberdeen Group. "The sheer number of moving parts, people, and processes -- as well as a hierarchy of dependencies -- can make complex work projects overwhelming without proper oversight and automation. Better managing these long-duration, resource intensive projects has become a required best practice for leading service organizations to meet regulatory requirements, financial valuations, and customer satisfaction metrics. The adoption of scheduling software, coupled with business intelligence (BI), project management, parts management, and smart field devices can make organizations' financial and operational goals a reality."
"ViryaNet recognizes that in order to truly optimize enterprise work schedules, a company needs to centralize their scheduling and dispatch operations so as to manage all types of work, including complex work," stated Memy Ish-Shalom, ViryaNet President and CEO. "That's why ViryaNet's software solutions allow customers to plan, schedule, dispatch, and track all types of work from a single application."
To obtain a complimentary copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?spid=30411230&cid=4880
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen(TM) for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or go to http://www.harte-hanks.com.
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 August 29, 2007, 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.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders



