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What is Time to Value?

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Time to Value Definition

Time to Value (TTV) denotes the interval between the deployment of a new enterprise software solution and the moment a business begins to reap its advantages. In the current rapid digital environment, reducing TTV is crucial for optimizing return on investment (ROI) and sustaining a competitive advantage. TTV is particularly important when implementing enterprise software systems like Product Lifecycle Management (PLM), Quality Management Systems (QMS), or Enterprise Resource Planning (ERP).

Achieving a fast TTV means that businesses can start realizing the benefits of their software investments sooner. These benefits include increased efficiency, cost savings, and improved customer satisfaction. By focusing on TTV, companies can ensure that they are getting the most out of their software solutions, ultimately leading to better business outcomes.

Chart illustrating Time to Value growing and leveling out over time

Why Time to Value Matters for Software

Learn why evaluating TTV is crucial when selecting software solutions and how Arena ensures customers realize the fastest TTV.

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Key Factors to Speed Up TTV

  1. Ease of Use: A user-friendly and intuitive system can significantly reduce TTV by making it easier for employees to learn and adapt. This minimizes the need for extensive training and accelerates the adoption process.
  2. Integration: Seamless integration with existing systems is essential. A solution that integrates well with other tools already in use can eliminate manual data entry, improve information flow, and reduce errors, thereby speeding up TTV.
  3. Customer Support: Comprehensive support from the vendor, including training, implementation assistance, and ongoing technical support, is vital. Responsive and proactive support can minimize downtime and disruptions, ensuring a quicker realization of the software’s value.

Accelerating Time to Value with Cloud Software

Cloud-native solutions are intended to expedite time to value through faster implementations, reduced costs, and easier to use systems.

Using modern cloud technologies, enterprises can reduce their time to value (TTV), facilitating a more seamless transition, accelerating return on investment, and improving operational agility. Investing in cloud-native PLM and QMS systems secures a business’s future and establishes a scalable and efficient platform for continued success.

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