Can Do: project management software, portfoliomanagement & multi-project management » Press release

Budget Management with Can Do project intelligence

Schneider — Thu, 21 Apr 2011 09:55:58 +0000

Optimal planning of resources such as staff, departments and machines as well as of financial resources (finance budget) is of central importance for businesses and organisations. Project budgets form an elementary part of project target definition. Budgets are equivalent to content targets and scheduling guidelines. A budget plan determines how many financial and other resources can or may be used in the implementation of a project. The budget manages the use of resources such as departments, employees, machines or capital. It is usually binding for a designated period of time.

With Version 4.1 of the project and portfolio management software, Can Do project intelligence presents comprehensive budget management for the first time, for planning, managing and monitoring costs and project workloads.

Budgets can be defined for projects, departments and other cost types. If specific budgets are exceeded, Can Do project intelligence alerts the user to this through the use of warning lights. In this way it is possible to control allocated contingencies in workload and financial resources and to give early warning of an overrun. The project leader thus has the opportunity to monitor his project continually and to introduce necessary countermeasures.

Budgets serve exclusively to monitor the project. They do not alter capacities or financial processes. Budgeting by a department has no effect on capacity.

Capability Characteristics of Budget Management
Budgets can be defined for projects, departments and other cost types. These are then planned and used in the real (current) project. If specific budgets are exceeded, the software alerts the user to this through the use of warning lights. In this way it is possible to control allocated contingencies in workload and financial resources and to give early warning of an overrun.

Resource Budgets (Work Budgets)
A resource budget allocates various resources, i.e. employees or departments, to the project. Drag & Drop allows either individual employees or entire organisational units to be added to the budget plan. A predetermined workload (working hours, man-days) is then allocated to them, and is available for the corresponding phase of the project.
Finance Budgets
A finance budget assigns financial resources to a project. These are then called up in the project planning and implementation. Here, Can Do Project Intelligence distinguishes between fixed costs, which can be redefined for each project, and variable costs, which are based on the hourly rate of the resources allocated (employees and departments).
Project Budgets
As a rule, project budgets encompass either money (financial budgets) and/or workload (resource budgets). It is possible to draw up and manage a resource budget (work budget) as well as a finance budget. It is also possible to combine the two budgets with one another.
Departmental Budgets

Within a project a departmental budget can be defined either in the form of a work budget (workload) or a finance budget (costs). If the project is now planned in detail and the resources (employees and departments) have been allocated to individual projects, Can Do Project Intelligence monitors the level of the work or the costs. In case of an allocation of employees from the abovementioned departments or an allocation of the department itself, the software deducts the expenditure from the respective budget.

If the given budget is exceeded in the planning, the software reports a risk at project level (warning light) and in the budget plan (red line & negative residual value).
Budgeting with Item Numbers
With Can Do project intelligence, budgeting can also take place with individual item numbers – similar to SAP PS. Individual item numbers together with budgeting are initially drawn up in the budget plan. In project planning the respective item numbers are then allocated to the individual projects. Optionally, the saved items can then be transferred from phase to work package level.
The workload as well as the financial resources can be budgeted here. Both budget forms can be combined with the Can Do Tool.
Budgets for Cost Types
Can Do Project Intelligence enables budgeting for various cost types such as travelling expenses. These are chronologically divisible and can be limited with a budget lock. Here, it is possible to integrate actual data externally via interfaces and to manage and monitor it with the Can Do software.
Plan Budgeting vs. Actual Budgeting
The project management software distinguishes between planned budgets (plan budgets) and tasked budgets (current budgets). This is particularly important in detail planning and planning adjustments, as the project leader needs to maintain an overview of how much of the money and resources budgeted is available to him for further planning, or how much of the allocated capacity has already been used.
Time-based budgetary Limits
It is common practice for project budgets to be divided per financial year. Partially unused quantities of work or money can be carried over to the following year (quarter, month, etc.).
Budget management in Can Do Project Intelligence is able to determine budgets for freely definable periods of time. Optionally, these can then be carried over to the subsequent period.
Overbooking Tolerance
Projects seldom run exactly as planned. Deviations are the rule rather than the exception. For this reason the developers of Can Do have integrated overbooking tolerance into the budget management, which can be activated optionally.
Budget Management Feedback
Can Do project management software takes the feedback data during budget management into account. The tool is of course able to take feedback on a personal as well as on a departmental level into account, depending on the person for whom the budget is intended.
Allowance for inaccurate Values
Can Do budget management takes the use of inaccurate or inexact values into account on all levels.
Easy Use
Budget management is integrated into the project management software as part of the Properties window. Nearly all functions can be activated with a mouse click, and common operations such as “Drag & Drop” are supported.
Clarity
The user can modify the level of display detail with two practical slider controls. The number of budget management fields shown is set with View Control, while Detail Control regulates the display measurement (e.g. EUR, KEUR, and Million EUR). All viewing fields can be shown or hidden with a mouse click.
All informatione in real time
In budget management too, Can Do remains true to its philosophy to offer all data in real time, that is, live. All feedback and other changes to the project and budget planning are immediately taken into account in the calculations and illustrated graphically on the system.

Can Do enhances the functionality of its project management software

Schneider — Wed, 28 Jul 2010 13:18:26 +0000

Easy to use & highly efficient in its application

The new version of the project and portfolio management software allows for project templates to be created from project phases and parts. In addition, forward and backward scheduling simplifies planning of projects.

Can Do, provider of solutions for project management, introduces an even simpler and at the same time more efficient version of its software with its Can Do Project Intelligence 4.0. Among other features, Can Do enhances working with project templates. Can Do’s templates enable users to save entire projects and individual objects such as work packages or milestones. In the process, resources, rights and other details with regards to targets and activities are integrated into the templates. In the new version of the planning software, the templates function is expanded by subprojects and phases, from which a new project can then be created – by simply dragging and dropping. In this way, Can Do simplifies handling of project flows that repeat themselves in daily project work and thus increases the efficiency of project managers.

Planning projects with backward and forward scheduling
Can Do enhances the use of project templates with the “backward and forward scheduling” function. With Can Do Project Intelligence 4.0, project managers can simply drag the built project components and templates onto the fully graphic desktop using “drag & drop” and then decide whether the template should be scheduled forwards (start of the project) or backwards (end of the project) at the click of a mouse. Scheduling of project templates has never been this easy.

“Super copy” for regularly occurring operations and decisions
Can Do Project Intelligence 4.0 now also boasts the new “super copy” function. This command allows for work packages and milestones that are to regularly appear in a project to be integrated at the click of a mouse. In doing so, the time frame, period (e.g. weekly, monthly, quarterly etc.) or the amount of times the package should be created or copied can be chosen freely.

Can Do’s project planning and controlling software will in the future allow for the integration of objects from different projects. In this way, functional or schedule-related relationships that reach across projects can be reflected. In addition, set time frames can be defined when linking projects. This is very useful when, for example, set delivery times in a project plan need to be taken into consideration. If the defined time frame that was saved when two project objects were linked is cut short because one of the objects was moved, the software reflects this risk by means of a red warning light.

Apart from the functions listed here, Can Do Project Intelligence 4.0 offers additional new features, both on the project management as well as on the project portfolio management side. Can Do will publish additional information about the new features of version 4.0 soon. Can Do Project Intelligence 4.0 is set to be released during the course of the third quarter 2010.

Innovative project portfolio management by Can Do

Schneider — Wed, 21 Jul 2010 09:52:49 +0000

New version of project management software by Can Do is an efficient instrument for the controlling of projects and portfolios. Bubble charts, in which all project data is taken into account in real time, help with analysis and monitoring of project portfolios.

Can Do, the solution provider for project management will, among other things, present comprehensive functions for project portfolio management (PPM) in the upcoming new version of the software Can Do Project Intelligence 4.0. Users are able to create and manage project portfolios and simulate different scenarios in familiar clarity and simplicity via mouse click. Can Do offers portfolio managers an instrument with which they can select the right projects – meaning projects which are in accordance with the company strategy respectively, are feasible from a financial and capacitative point of view.

Portfolio manager determines valuation standards himself
Can Do Project Intelligence 4.0 is not predetermined on a method for the evaluation of the content of projects but offers companies, portfolio and project managers the option to set their own priorities. Here the method of ”balanced scorecards“ could for example be applied , in which various projects get a certain score in self-defined categories. Likewise the portfolio can be judged regarding the profitability of individual projects. The PPM software allows the user to enter values in freely definable fields and for any desired amount to individually create standards for the evaluation.

portfolio overview: new and ongoing projects

Project simulation on the highest level
In addition to the evaluation of the content, the planning tool from Can Do also simulates the feasibility of projects in portfolios. First and foremost, the feasibility depends on the available resources and the financial capabilities of the company. During the creation of a project idea, Can Do Project Intelligence 4.0 already considers the utilisation of resources for all projects of the portfolio, their actual times (confirmed working time) and all other capacity requirements within the portfolio. The PPM software is also able to record and process vaguely planned deadlines, durations and expenses. After all, it is not possible to accurately plan project ideas or offers in their developmental phase.

Ideal portfolio management for executive board
New and ongoing projects are established individually and simultaneously in the portfolios. That way, a connection between the individual projects can be created. Furthermore milestones like “supervisory board meetings“ can be incorporated. So it is possible to connect projects with important events and monitor them.

Bubble charts – portfolio analysis in real time
Bubble charts for analysis respectively for controlling of project portfolios are displayed in Can Do Project Intelligence 4.0 in the graphic client parallel to the chronological display of the portfolio. The risk of this project is represented on the x-axis, the value or benefit on the y-axis and the size of the bubbles reflects the amount of effort or cost. The bubble chart is updated continuously throughout all data changes in real time. Not only does this apply to the changes the portfolio manager makes in his portfolio, but Can Do Project Intelligence 4.0 also considers all data of the running projects in real time as well. This feature enables the Can Do software to not only becomes a complete portfolio system, but it can also be used as a control station for all projects.

In addition to the functions listed here, Can Do Project Intelligence 4.0 offers additional new features in the area of project management as well as in the area of project portfolio management. Can Do will be publishing further information about the new features of version 4.0 shortly. Can Do Project Intelligence 4.0 will be published during the third quarter of 2010.

Successful implementation of project management software with SAP and Outlook/Exchange interface

Schneider — Thu, 15 Jul 2010 14:12:56 +0000

Vast interest in the presentation by Austrian IT specialist makeit, partner of Can Do, at the PMI Chapter Austria Forum Event in Vienna

Munich/Vienna. makeit information systems GmbH gave a presentation on the successful implementation of a project and portfolio management tool with SAP and Outlook/Exchange interfaces for Wiener Wohnen within the framework of the PMI Forum Event at the Vienna University of Technology, on the 17th of June 2010. makeit has been an integration and marketing partner of the Munich-based Can Do GmbH since 2002. During the presentation held in the university’s ballroom, which was attended by some 90 participants, particular attention was given to the integration of the project management software, Can Do Project Intelligence, into the system landscape of Wiener Wohnen, with special emphasis on the interface with Outlook/Exchange. The lecture was presented by Alexander Thür, Senior Consultant at makeit, and Rudolf Randus, one of the two managing directors of makeit. The company Wiener Wohnen manages around 2 050 residential complexes with over 210 000 apartments, and utilises Can Do software to manage construction renovation projects, in order to ensure the maintenance of the value of the residential properties. With the aim of providing optimal support to the renovations manager (equivalent to the project manager of each construction renovation project) and for compliance reasons, two important interfaces were realised with Can Do Project Intelligence.

Alexander Thür (Senior Consultant makeit, zSPM) and Rudolf Randus (managing director makeit, PMP)

Once a construction renovation project has been set up in the SAP system, pre-defined deadlines and milestones which are known at the outset are sent to the planning tool via UC4 (service- automated file transport). UC4 is utilised because a direct online link to the SAP system was not permitted. Once the SAP data has been sent to Can Do Project Intelligence, a defined project template is automatically generated there – depending on the type of renovation and adjusted according to the data. Goals, virtual resources, documents and actions have already been stored in the template at the various relevant object levels (project/phase/work package milestones). The template encompasses 8 possible trade areas (for example roofing, windows, facade, cellar etc.) and the project managers delete those that do not form part of the renovation. In the course of the official award of contract, virtual resources are replaced by real ones and the project status is changed from planning to in progress. The project personnel now book the hours spent against the phase and work package levels.

In order to support the customary sequence of operations of personnel actively involved in construction renovation projects at Wiener Wohnen, management decided to link Can Do’s planning programme with Outlook/Exchange in order to be able to record, for example, hours spent on the project progress meetings or project meetings directly via the appointment request function in Outlook according to project, phase or work package level. A synchronisation mechanism between Outlook/Exchange and Can Do Project Intelligence synchronises the data every 2 minutes (the interval can be adjusted). A “Can Do Outlook Form“ makes a selection of those projects and their related phases or work packages alternatively available to the Outlook user against which he should record services. When selecting a phase or work package, further freely definable additional fields (responsibilities, deadlines etc.) can be displayed from the Can Do System in the Outlook form. In addition, it is possible to record the project progress – e.g. in the course of a progress meeting – at the relevant object level, and synchronise it with Can Do.

PMI Forum Event in Vienna

The communication between the Can Do Server and the Exchange Server of Wiener Wohnen was solved by way of J-Integra and on the basis of the information in the defined profiles. As an alternative to data input via Outlook/Exchange, personnel can carry out time confirmations either directly within the graphic Can Do client or via a so-called web feedback tool, which supports the recording of time spent via a standard browser user interface.

Both ongoing project reporting and special analyses for strategic decisions in conjunction with construction renovation projects, such as decisions concerning the overall portfolio, are solved via the integrated reporting system, the Project Data Collector (PDC). As a result every single staff member can, taking into account the specified system of access rights as the standard, generate specified reports or alternatively user-specific reports (e.g. in Excel or csv) in real time and then process them appropriately. Reports or special analyses can be activated across all construction renovation projects by way of an own licensed module, the PDC Resource Kit, whereby for company policy reasons, this function is available only to PMO staff .

The slides used in the presentation are available here.

International Machine- and Plant Constructor Oerlikon Barmag plans with Can Do

Schneider — Thu, 27 May 2010 15:37:21 +0000

Innovative project management software Can Do Project Intelligence enables for a realistic planning with – as usual – imprecise specifications at the initial stage of a project and makes a significant contribution to raise the efficiency at Oerlikon Barmag.

When it comes to the project planning, the worldwide operating machine- and plant constructor Oerlikon Barmag, Remscheid trusts in the software by Can Do. Oerlikon Barmag´s in-house project group, who does, besides the manufacturing, also undertake the planning and implementation of the spinning plants and texturizing machines for the international customers, hence focuses on an innovative planning-tool featuring extensive functionality and easy handling.

Oerlikon Barmag is the international market leader in the manufacture of spinning plants for nylon, polyester, and polypropylene and provides its customers all-in-one solutions from the development through to the process optimization. In order to achieve an efficient planning and implementation of the complex projects, Oerlikon Barmag decided to go for the multi-project management software by Can Do. „Can Do Project Intelligence allows for a better planning of projects, provides for more efficiency in the work flow and enables an intelligent resource planning – and all of this in real time. Oerlikon Barmag plans, produces, and installs plants and machines all over the world. Therefore it´s vital for us to appoint our project teams in a most ideal way, particularly in the event of time overlaps of several projects”, says Ralf Scheidemann, Senior project manager for Oerlikon Barmag.

Owing to the interfaces to other systems, the project management software by Can Do can be smoothly integrated into the existing IT-environment. Above all, it was the option for the planning with imprecise specification that convinced Oerlikon Barmag. “More than 75 years of experience in the plant construction business and project planning taught us that projects can´t be planned down to the very last detail. That´s why we put our demand on planning software being capable of processing imprecise specifications and displaying these, even though, accurately in the project plan. With Can Do Project Intelligence, we´ve found a solution that fully complies with our requirements and enables us for a realistic and successful planning.”, the project management expert Ralf Scheidemann points up. Despite its multitude of functions, the software by Can Do has been still remaining a planning tool, which can be operated intuitively and understood easily.

About Oerlikon Barmag:
Oerlikon Barmag, a branch of Oerlikon Textile GmbH & Co. KG with branches in Remscheid, Chemnitz, Wuxi, and Suzhou (both PR China) was founded as Barmag AG in 1922. The company is deemed to be the international market leader in the field of spinning plants for synthetic fibres such as polyester, nylon, and polypropylene, as well as texturizing machines and acts as service provider in the field of engineering, thus offers solutions along the textile value creation chain. Core competencies comprise as well the manufacture of corresponding components for the production of synthetic fibres such as extruders, bobbins, pumps, and godets. With the extension of the product range by poly-condensation plants and their key component, the company now projects the entire process from the monomer to the texturized yarn.
The main markets for Oerlikon Barmag are Asia, and at this point in particular China and India, as well as the Mid East and Europe. According to that, the company with its 1700 employees has a worldwide presence in 120 countries and operates manufacturing-, distribution-, and service organizations within the network of Oerlikon Textiles. In the Oerlikon Barmag-Technology Center – the largest one of its kind in the international sector – at the headquarters in Remscheid, well qualified engineers and technicians develop innovative and technologically leading products for the world of tomorrow.

Contact:
Susanne Beyer
Corporate Communications
Tel. +49 2191 67-1526
Fax +49 2191 67-1313
Email: susanne.beyer@oerlikon.com
Internet: www.barmag.oerlikontextile.com

HS Genion depends on the project management software of Can Do

Schneider — Tue, 23 Mar 2010 15:04:20 +0000

• Multi-project management with comprehensive resource planning
• Vehicle system developer convinced by ease of use
• First customer from the automotive industry

The automotive business HS Genion relies on the project management software of Can Do Project Intelligence. In future, the developer and manufacturer of movable components and vehicle systems will control the planning and implementation of complex customer projects with the software of the Munich based Can Do GmbH.

HS Genion can arrange the supply to European automotive industry customers more efficiently and precisely by means of the consistent application of the planning tools that Can Do offers. In the search for high-performance software, the intelligent resource planning with permanent capacity balance convinced the company headquartered in Gilching in Munich. “It was important to us that the software has the ability to co-ordinate several projects that take place simultaneously in different locations, in which numerous companies can be involved.” Paul Regauer, head of Project Management at HS Genion said. As a result of the optimised use of resources, a return on investment (ROI) is possible within a relatively short period of time. Beyond that, the software of Can Do offers further technical features like risk management and an integrated time registration system.

The high usability of the program played a big role in the decision-making for Can Do. “Amongst other things, modern project planning software has to be measured by how quick to it is to learn and easy it is to use”, Paul Regauer emphasised.

Can Do Geschäftsführer Thomas Schlereth

Thomas Schlereth, Managing Director of Can Do GmbH, said, “Through HS Genion, we have gained a customer from a highly technological automotive industry for the first time. It reflects the efficiency and the innovation potential that our project management software has.”

About HS Genion
HS Genion is a developer and producer of movable components and vehicle systems. The enterprise acts as a system partner for the European automotive industry in the areas of aerodynamics, cargo-management and linkage cover. As a strategic partner, HS Genion, with approximately 140 employees in three locations in Germany has been a system supplier for movable modules and components for many years. As a Full-Service-Supplier and with emphasis on the automotive sector, HS Genion GmbH offers their international customers innovative complete solutions on all process phases – from the idea to the concept up to the production of technically demanding products. The core areas of expertise are: aerodynamics, convertible components, cargo-management, comfort and lifestyle.

Contact:
HS Genion GmbH
Friedrichshafener Straße 4a
D-82205 Gilching
Tel. 08105 / 77 22-0
Email: info@hsgenion.de

Toshiba Europe decides for Can Do

Schneider — Mon, 09 Jun 2008 11:21:50 +0000

Toshiba Europe GmbH, one of the leading electronic manufacturers world wide, after a short test phase, has chosen Can Do Project Intelligence as their standard Project Management Software. The software distinguishes itself, among other things, with extraordinary features like planning with time uncertainty, i.e., a user can give a project or any object a duration range, for example, 6 – 8 months and Can Do with calculate all of the associated probabilities for resource leveling and cost allocation. In addition, the user friendly, full-graphical workspace and real-time information exchange make Can Do an exciting multi-user Project Management tool.

“The test phase for Can Do Project Intelligence in our company was unusually short. It really convinced us. As one of the most innovative IT companies, we are not just looking for tools that are modern but also cost effective. A quick Return of Investment is very important to us. We exist in a very fast paced market and must remain flexible. In the area of Project Management we regard Can Do Project Intelligence as the best solution for us. The product not only offers outstanding features but helps us to focus on the cost effectiveness of our project and resource planning”, explained Thomas Kossmehl, Expert for Projects and Outsourcing from Toshiba Europe GmbH.

“Naturally it pleases us very much to have such a renowned company like Toshiba choose Can Do”, remarked Thomas Schlereth, CEO of an Do. “Today a software product has to offer more than just great functionality. In today’s global market the competition is extremely tough. Factors, such as, user product acceptance and cost effectiveness are now more important than ever. Today it is necessary to provide a well rounded solution and we are satisfied that we have built a comprehensive planning tool that meets the needs and requirements of today’s global market”.

About Toshiba Europe
Toshiba Europe GmbH, Neuss, is a 100% subsidiary of the Toshiba Corporation, Tokyo. Toshiba Europe GmbH has 760 employees and in 2007/08 from the sale of computer systems, memory technology, etc. had a sales volumn of 2,9 Billion Euros. The company is responsible for operations in Europe, Russia, Mid-east and Africa. The CEO of Toshiba Europe GmbH, Neuss, is since July 1, 2007 Mr. Noriaki Hashimoto.

Can Do’s solution optimises project management at Hochschulbibliothekszentrum NRW

Schneider — Tue, 12 Jun 2007 11:00:26 +0000

The Hochschulbibliothekszentrum (hbz) of Nordrhein-Westfalen has the second largest card catalog system in Germany and is placing emphasis on innovative project management by using the multi-project management solution of Can Do since April 2007.

The hbz is planning to optimise management and control of its whole project portolio with the new software solution. The multitude of complex projects, as well as, cooperation, planning and the optimal use of resources in all departments couldn’t be realised with their previous solution.

“In a very strict selection process, Can Do Projects Intelligence turned out to be the most adequate software,” said Jan Neumann, manager of the project management center. “Most convincing for us were; the simple usability, the platform independence of the system, as well as, functions as uncertain duration planning, real time planning, active risk management and the flexible customisable report generator,” surmised Jan Neumann about the special features of Can Do.

With Can Do, small, as well as, big projects with a duration of several years get documented and managed. In addition, the hbz will check the possibility implementing Cando in other departments.

About the hbz NRW
For more than three centuries the Hochschulbibliothekszentrum (hbz) of Nordrhein-Westfalen stands for knowledge, information and innovation concerning libraries and information services. The hbz’s goal is the efficient implementation of customer oriented information services. As a reliable partner of Hochschulbibliotheken and public libraries in and outside of NRW the hbz sees itself as a service and development constitution, that’s working with its customers on the further development of existing systems, their capability and stability. The hbz uses innovative tendencies and current development approaches to find solutions for them. In the focus of the assignments is the tailored to suit a market need planning according to libraries. The hbz also works together with regional and national libraries and data processing equipment.

You can find more informations about the hbz on the internet: www.hbz-nrw.de

Press Contact:
Ms. Kathrin Gitmans
Leiterin Marketing
Postfach 270451
50510 Köln
Telefon: 0221 / 400 75 – 219

A Savings and Loan Bank controls their projects and portfolios with Cando project intelligence

Schneider — Thu, 10 May 2007 10:55:31 +0000

The Vereinsbank Victoria Bauspar AG (VVB) a Savings and Loan Bank, based in Munich, Germany, required a modern project management software and chose Can Do Project Intelligence. After an initial evaluation phase, in which the entire spectrum of Can Do’s project and resource management tools were thoroughly tested, VVB decided on a bank wide implementation.

The VVB now manages all of its IT, organizational and investment portfolio projects with the multi-project solution from Can Do.

“With our previous Project Management tools, efficient project and resource management was almost impossible. Can Do Project Intelligence supports all of our daily project management activities, from initial project conception, through the implementation phase to the final project close out. We have a clear and concise overview at all times because Cando alerts us to where possible planning and resource allocation problems are.”, commented Martin Schuster, Deputy Director of the IT/Organization of the VVB.

As a subsidiary of the Hypovereinsbank , which is a member of the Unicredit Group, high standards of project management are expected and here Can Do has helped the VVB to become even more professional.

Innovations prize 2007 for Cando project intelligence

Schneider — Fri, 20 Apr 2007 10:45:07 +0000

Commendation award in the category ERP from the Small Business Initiative in Germany

Can Do is commended with the German Innovations prize 2007 in the category Enterprise Ressource Planning (ERP) for its product Can Do Project Intelligence. The Jury voted Can Do Project Intelligence as one of the most innovative and interesting solutions for Project Management. The product of the Munich company Can Do offers high usability and outstanding functionality for middle sized firms.

“It took a lot of courage to create an innovative solution that was not just a copy of all the conventional solutions which exited. With more than 40 Industrial customers already using our software, its nice to have it officially recognized.”, said Thomas Schlereth the CEO of Cando projects GmbH.

The Innovations Prize competition was first held in 2004. In 2007, a total of more than 1,200 companies applied for the award.

In order to win the Innovations Prize 2007, a company and its product must provide an innovative solution for the Small Business community.

The award will be given every year and announced at each annual CeBIT.