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Home Risk Management Risk Management Solution Providers

Pioneers of Change Intelligence

Raymond Kent by Raymond Kent
January 11, 2022
in Risk Management Solution Providers
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David Binny
David Binny, CEO

Panaya Logo

 

Panaya is the first and only solution built on a Change Intelligence platform that maps the system’s interdependencies and produces a tailor-made, ready-to-execute change workplan in less than 48 hours.

It is a known fact that change is essential for growth and innovation. Specifically, core business applications such as ERP and CRM are among the most frequently updated and adapted. These mission-critical applications generally have a touchpoint with every part of the business, which means that, when done right, a single change can improve operations across the entire organization. The tricky aspect of implementing changes is that a single localized update can cascade unforeseen effects over time – due to multiple fixes, legacy processes, and workarounds. This challenge makes it difficult to plan the next steps in upgrades, migrations, or, more broadly, digital transformations.

Panaya’s Change Intelligence solutions enable ERP and CRM professionals to see the full impact of any change they intend to make. It points out exactly what will break, what they need to fix, and how to test the results. It empowers the business to move forward without taking any steps backward.

Panaya is the first and only solution built on a Change Intelligence platform that maps the system’s interdependencies and produces a tailor-made, ready-to-execute change workplan in less than 48 hours. At the same time, the business-process-centric test management is focused and organized, requiring no downtime and eliminating the risk of defects at go-live.

Under the aegis of David Binny, the company has gone to great heights, and his leadership and passion inspire every person in Panaya to always “think outside of the box,” but at the same time be responsible for delivering on a promise. Binny is that rare kind of person who can balance vision and reality. He thinks and weighs all the possibilities and probabilities. He is not afraid to take calculated risks as long as he understands the upside and downside of that risk. There is no wonder that he leads a company that helps people manage their risk in an informed and data-driven manner. Binny believes in innovating according to the moment’s needs, and he is very open to experimenting with technology and ideas. He has a practical approach to setting goals: he sees a big picture in his mind, but instead of creating an unapproachable vision, Binny uses a step-based approach to make progress toward his vision.

Although in the backend of the Panaya platform, there is a sophisticated process of creating the impact analysis, the user experience is extremely simple. Panaya maps every inch of the SAP, Oracle, or Salesforce landscape, quickly capturing the most complex dependencies across the organization. With machine learning algorithms applied to the dependency map, the solution provides real-time risk assessments revealing the precise impact of every intended change. Users can then identify the exact code snippets that need to be revised and precisely what needs to be done. A single dashboard displays detailed Change Intelligence reports for the users, pinpointing the root causes of change failures, gathering related project results, and providing dynamic data visualizations. Whether the change is a vendor upgrade, service pack, or patch, Panaya makes it simpler to implement with easy-to-understand insights.

Tim Mallet, Global Test Manager, Center of Excellence – Oracle ERP at DHL Supply Chain, says, “With Panaya, I find that it’s much easier to set up testing projects. The time it takes to get the project set up and allocate it to its users has shortened significantly.” Panaya helps DHL manage dynamic projects with tens of end-users executing tests for around two weeks. Since the platform is so easy to use, DHL could train users to execute the tests in a matter of hours.

The main big new offering that Panaya will be launching in 2022 is a comprehensive solution for testing ERP systems, CRM, and any packaged application. Panaya’s AI-enhanced change intelligence platform will combine cross-functional business process testing with smart change analysis. “The new solution will enable our customers to reduce their test cycles by 85%, accelerate their digital transformation by 70% and completely reduce the risk,” says Binny. “It is the first AI-powered testing solution that is designed specifically for ERP and CRM systems. With a risk-based testing approach to changes, we can show our customers exactly what to test, accelerate their regression test cycles and remove over-testing by focusing on testing only the impacted areas.”

 

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Raymond Kent

Raymond Kent

Raymond Kent has worked in the entertainment industry for over three decades as an award-winning designer, author, educator, and presenter at some of the top venues and institutions in the US. Additionally, Raymond founded and leads the Innovative Technology Design Group for the global architecture firm, DLR Group.

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