Why Does Software Time to Value Matter to Your Business?

We all want to get the highest and fastest return from our investments, whether we’re purchasing a home, participating in the rewards program for our favorite products, or selecting a software solution for our company to help improve our work. Be it personal or professional, we all want to reap the benefits of our investments as quickly as possible.

Time to value (TTV) refers to the amount of time it takes for a business to realize the value of its investment in a new solution or product. It’s a crucial metric for businesses when implementing new enterprise software systems such as product lifecycle management (PLM), a quality management system (QMS), or enterprise resource planning (ERP). The faster a company can achieve TTV, the quicker it can start reaping the benefits of the system, which can include increased efficiency, cost savings, and improved customer satisfaction.

When selecting an enterprise software solution like PLM, QMS, or ERP, it’s important to consider the factors that can impact TTV. In this blog, we break down what to look for to achieve the fastest time to value.

Key Factors to Speed TTV

Ease of Use

One of the most important things to look for in a solution is ease of use. A user-friendly and intuitive system will make it easier for employees to learn and adapt to, significantly reducing TTV. Additionally, a system that is easy to use reduces the need for extensive training, further speeding up the TTV process.

Integration Platform

Integration with existing systems is an important consideration when looking to speed up TTV. A solution that easily integrates with other systems and tools that a business is already using shortens TTV. This is because integration can help eliminate the need for manual data entry and can improve the flow of information between systems, which can increase efficiency and reduce the risk of errors.

Customer Support

The level of support provided by the vendor is another important factor to consider when looking to speed up TTV. A vendor that provides comprehensive support, including training, implementation assistance, and ongoing technical support, can help ensure that a business can quickly realize the value of its investment. Additionally, a vendor that is responsive and proactive in addressing issues can help minimize downtime and disruptions, further speeding up the TTV process.

Satisfy Your Need for Speed With Arena by PTC

Arena by PTC is focused on getting PLM and QMS customers the fastest TTV, so they focus on what matters—delivering innovative products to market first.

Here’s how we do it:

Cloud-Native Architecture

The cloud architecture eliminates the need for hardware to specify, procure, install, and maintain. It also enables easy and secure connections outside your firewall with suppliers and other partners.  And, our multi-tenant architecture means that all our customers use the same version, reducing support and documentation costs.

No-Code PLM and QMS Solutions

Our product management team understands your pain points and sets priorities based on customer input and industry trends. Best practices are embedded in the application to reduce decision overload. Arena administrators can configure the system to their needs. We continuously add to our product, so you don’t have to worry about specifying, developing, documenting, testing, and upgrading custom code.

Experienced Customer Success

With Arena, no large consulting contracts are required. We have offered fixed-price implementations for over 20 years.

Our trusted, dedicated team provides ongoing educational support and industry best practices. This team includes trainers, solution architects, coaches, and support staff who are experienced with product lifecycle management, supplier collaboration, quality processes, industry regulations, and Arena products. They follow repeatable processes and tools used to implement over 1,450 customers.

Compatible With Your Ecosystem

Our partner ecosystem boasts numerous productized connections with ERP, CAD, MES, CRM, and many other solutions that are written, documented, tested, and ready to use. This ensures smooth integrations and seamless information exchange across your existing systems.

Easy to Learn

Users learn Arena quickly because our UI is designed for engineering, operations, and quality professionals. Job-focused homepages can be used out of the box or tailored and shared by end users for their specific needs without coding. Our online help and in-context guides assist users in getting started and learning more about the system.

Validation Subscription

For customers requiring validation, we offer a validation subscription service for installation qualification (IQ), operational qualification (OQ), and templates and services for performance qualification (PQ). New validation evidence is delivered with each release, ensuring compliance and reliability.

Save Time and Money

Companies under pressure to show results quickly choose Arena PLM and QMS. With Arena, you can avoid expensive errors by shortening the time it takes to get your PLM and QMS processes running and your teams using the system. Arena helps companies achieve faster implementations, improved productivity, and streamlined compliance, ultimately accelerating time to market and enhancing overall efficiency.

Explore how Arena can help you avoid costly mistakes and accelerate your time to value.