The BFSI industry is highly competitive, and the key players focus on innovating their existing services and processes. The industry faces huge challenges to cater to the changing requirements of customers in a highly competitive and regulated market place. Crowdicity Ltd. (U.K.), Qmarkets (Israel), HYPE Innovation, Inc. (Germany), and Brightidea, Inc. (U.S.), among others, are the key players providing idea management software to organizations to connect them with their employees and customers. Thus, the use of idea management software enables various organizations to develop new processes and products, increase their efficiency and profitability, and break down organizational barriers hindering their growth.
Financial services require an interdisciplinary approach that provides expert opinion to organizations in innovation, management, marketing, economics, business, finance, technology, and legislation. As such, organizations require an open innovation approach in financial services. The BFSI vertical is growing at a rapid pace, due to the increasing usage of social media for financial services. Social media, such as Twitter, Myspace, Facebook, and YouTube are used to offer new financial services to organizations, which help them in increasing their interaction with the customers, thereby enabling them to collect new ideas from sources, other than financial institutions. These social media allow organizations to collect feedbacks and ideas from people in real-time that can be used to initiate innovation processes of different organizations.
Idea Box Brightidea Innovation Management Software is the Best Innovation management software in North America. Idea Box acts as the central hub for connecting and managing different innovative initiatives, crowdsources and collaborates on ideas while measuring the success at each stage. Brightidea Innovation Management Software offers the on-cloud idea management software which is highly implemented by mid-sized companies and enterprises. With large customer base and outstanding features Brightidea Idea Box is ruling the market as Best Innovation management software in North America. Brightidea pricing is not disclosed by the vendor but can be availed by contacting the vendor directly.
Anaqua offers innovation management software named as ideaPoint. The software helps organizations in improving efficiency to identify, evaluate, track, and manage innovation opportunities in the company. The software enhances internal innovation programs.
Idea Drop offers idea management software that enables users in capturing the ideas that can drive business outcomes. The software enables users in sharing ideas quickly and easily. With the gamification program, it becomes possible to engage employees and keep them motivated.
Kindling offers the team level idea management software. The software is used by numerous global enterprises. With this software users can develop the ideas through collaborating with each other, through iterations, and connections.