Lloyds TSB runs the business of IT with Business Engine

Source: Business Engine

Business Engine, a leader in application software solutions for running the business of IT, has announced that Lloyds TSB is successfully using its flagship product, the Business Engine Network (BEN) to align IT with strategic business objectives, increase project transparency and deliver value to internal business sponsors.

"The number one concern of CIOs today is alignment with the business - managing competing demands against scarce supply of budget and resources," said Mark Strauch, chief operating officer of Business Engine. "Business Engine directly addresses this concern at Lloyds TSB, allowing IT leaders to align, monitor, and adjust the technology portfolio to achieve a greater return on investment, and meet strategic business objectives."

The BEN is the premier industry choice for organisations running the business of IT. By integrating the entire IT portfolio within a single, web-based enterprise solution, the BEN provides organisations with the visibility and control they need to make informed decisions, align corporate objectives with IT investments, and measure business results.

Over 400 global IT organisations, including Deutsche Bank, Merrill Lynch, Delphi and ING, rely on Business Engine to improve business performance, manage regulatory compliance initiatives, and ensure IT governance. With the BEN, they can efficiently manage IT strategy, financial governance and operational execution, creating enterprise transparency that dramatically improves IT investment decisions, business alignment and delivery results.

The BEN application incorporates customer-driven functionality including: financial management (forecasting, budgeting, charge-backs), multi-currency support, time capture, complex labour rate support, project management, resource management, document management, automatic PowerPoint reports, as well as integration with existing platforms including Microsoft Project, HR and General Ledger systems including SAP and PeopleSoft. The BEN supports multiple user types through role-based security features and customisable portal dashboard views, meeting the diverse needs of executives, managers, team members, and business sponsors alike.

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