24th February 2008, Monetical Limited, Cambridge, is the provider of a management consultancy service enabling self evaluation and performance optimisation of software engineering, deployment and support activities. Today Monetical announces that it has signed an exclusive agreement with Paul Sloane the UK’s leading independent consultant on innovation who provides leadership and innovation services to clients including American Express, BT, Lloyds of London, Shell and 3M.

Montetical's Innovation Audit provides software and IT organisations with focused, practical feedback on their current performance from innovation. It features an easy-to-use 'checklist' interface that can be tailored to meet the specific requirements of your organisation. Preconfigured information provides the facility for comparison over time and for 'benchmarking' against other users. Developed in conjunction with academic specialists in management and organisational innovation, this audit module helps help diagnose potential problems, identify practical solutions and develop a greater awareness of communication issues throughout your organisation.

Monetical's Founder, John E. Abram commented, ‘innovation is more than just the ability to create exciting new products or services. True innovative organisations are also innovative in their process, structure, and delivery enterprise sections. Failure to develop an Enterprise wide innovative strategy that bridges across all four domains leads to innovation bottle necks. We have therefore, been delighted to be able to provide our clients with the ability to evaluate their own capability in this important field’. Adding, ‘our Managing Innovation Audit Module, incorporating Paul’s expertise, provides our clients with the necessary means to evaluate their own capabilities and to identify their critical challenges.

“Monetical's Innovation Audit is a powerful diagnostic tool which will quickly and accurately identify areas of weakness in a company's innovation capability. If you want to improve your performance in this key competency then the audit provides clear pointers on where to start and what the priorities are. It will give leaders the information they need to significantly improve their ability to succeed through innovation;” Commented Paul.

Based in Cambridge UK, Monetical Limited is the provider of a management consultancy service backed by a network of leading subject matter experts to address the increased complexity of software and IT project engineering, deployment and support activities. Its unique expertise and analytical capabilities empower software and IT organisations to optimise their performance in an increasingly complex business environment. Monetical helps small and medium-sized businesses to gain cost-effective access to a wealth of industry expertise by providing tools which enable them to compare their own operational and commercial performance against best practice. For a comprehensive description about Monetical and its solutions, visit www.monetical.com or write to info@monetical.com

Paul is an acknowledged expert on innovation, creativity and lateral thinking in business. Paul took a first in Engineering at Cambridge. He joined IBM and was part of the team that launched the IBM PC in the UK. He went on to be MD of the database leaders, Ashton-Tate. He became VP International for MathSoft Inc. and CEO of Monactive Ltd. He founded Destination Innovation, a consultancy that helps develop innovation and leadership. He is head of the Innovation Unit at the British Quality Foundation.