Compare ServiceNow Strategic Portfolio Management vs. BigHand Resource Management

ServiceNow Strategic Portfolio Management

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BigHand Resource Management

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What is ServiceNow Strategic Portfolio Management?

Maximize the effectiveness of your initiatives while hastening the pace of transformation across the organization. Develop a strategic plan that prioritizes and tracks activities in alignment with the broader business objectives. Cultivate organizational agility to drive better business outcomes by managing results that create value effectively. Gain insights into investment portfolios and business strategies to bolster performance. Regularly assess progress in real time to achieve a clear understanding of financial outlays and the value derived from ongoing initiatives. Stay ready to adjust planning in light of uncertainties that may arise. Connect your investment strategy with actionable work plans to enhance your organization’s responsiveness. Ensure transparency in project outcomes, assess critical investments, and continuously refine strategies as circumstances evolve. Improve processes to elevate the speed and efficiency of deliveries. Centralize the management of strategic and operational activities to remove bottlenecks and accelerate time-to-market. Additionally, enhance agility by optimizing and reallocating resources in response to shifting business priorities, ensuring your organization remains flexible and quick to respond. By implementing these strategies, you are setting your company up for success in an ever-evolving business landscape, ultimately fostering a culture of continuous improvement.

What is BigHand Resource Management?

BigHand Resource Management acts as an all-encompassing platform for law firms, facilitating the efficient distribution of legal tasks and resources while assisting in identifying available staff, forecasting usage rates, and planning career advancements for lawyers. This cutting-edge tool delivers instant insights on team availability and related costs, boosts profitability for legal cases, and promotes diversity, equity, and inclusion through equitable task allocation. Users can track capacity at both the individual attorney level and across various practice groups within the firm. Additionally, it supports strategic work distribution by considering factors such as client requirements, vacation schedules, profitability, and DEI goals. Lawyers are also empowered to evaluate their performance against crucial metrics and targets, cultivating a sense of accountability for their roles. The platform further includes a searchable database of attorney competencies, industry knowledge, established networks, and language skills, while offering a transparent overview of current expenditure rates and projected distributions compared to matter budgets, ultimately assisting partners in managing matters more efficiently. By integrating these functionalities, BigHand Resource Management enhances operational workflows and aligns with the long-term strategic objectives of the firm, ensuring sustainable growth and improved effectiveness in legal practice. Moreover, it creates an environment where both individual lawyers and the firm as a whole can thrive through informed decision-making and proactive management.