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    ASAN   US04342Y1047

ASANA, INC.

(ASAN)
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Asana Enterprise Work Graph: Helping the World's Largest Organizations Achieve Clarity in Unclear Times

10/20/2021 | 09:13am EST

Delivering a suite of capabilities to align global enterprise teams and streamline cross-functional work from anywhere

Asana to debut the new product innovations at Scale on Oct 20

Today Asana, Inc. (NYSE: ASAN)(LTSE: ASAN), a leading work management platform for teams, announced the Enterprise Work Graph, a suite of new features giving even the most complex enterprises the clarity, flexibility and confidence needed to adapt to any business challenge. Combining the power of Asana’s proprietary Work Graph data model and new enterprise-grade security and controls, Asana aligns teams around goals; coordinates workflows across teams and timezones; and gives visibility into where work stands in real-time.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211020005262/en/

Asana is evolving its Goals offering with a new Goals API connecting goals with data and insights from mission-critical tools to monitor impact and inform executive decisions. (Graphic: Business Wire)

Asana is evolving its Goals offering with a new Goals API connecting goals with data and insights from mission-critical tools to monitor impact and inform executive decisions. (Graphic: Business Wire)

Companies of every size across all industries are losing countless hours to work about work – the time wasted on searching for information, switching between apps and holding status meetings. As enterprises grow, so does their work about work, with organizations of 5,000+ employees losing 63 percent of their time to it every week.

“Enterprises today are organized functionally but the reality is that work happens cross-functionally,” said Anne Raimondi, Chief Operating Officer, Asana. “The misalignment between how teams are organized and how work actually gets done is fueling work about work across organizations. With the Enterprise Work Graph, Asana is solving the universal challenges of cross-team coordination by providing the clarity teams need to stay connected, no matter where they are in the world.”

Raimondi continues, “In today’s work from everywhere environment, the best leaders macromanage, not micromanage, their teams. By setting clear objectives connected to the work and the tools that bring them to life, enterprises can align effort and impact to achieve amazing results and increase employee happiness.”

Enterprise Alignment

Asana’s Enterprise Work Graph drives alignment through visibility into how work connects with company objectives up, down and across an organization. Today, Asana is evolving its Goals offering with a new Goals API connecting goals with data and insights from mission-critical tools to monitor impact and inform executive decisions. With the Goals API, organizations seeking a holistic view of their goals in a single place, automatic progress updates and the ability to make changes to goals in their tools of choice can now achieve this programmatically by building custom integrations. For example, by linking an Asana goal to a CRM tool report, when sales teams close opportunities, the goal will automatically update in Asana keeping all stakeholders across an organization informed.

Coming soon, Asana will deliver automatic progress updates for Goals that provide real-time insights on the achievement of company objectives with no manual work needed.

Cross-Team Coordination

Cross-team coordination today is chaotic with work living in team-specific silos and spreadsheets. Adding to the pain is that traditional process automation is a tops-down, IT-managed, expensive endeavor.

With Asana’s new Workflow Builder, anyone can create workflows, no coding required. This point-and-click tool builds and automates all the steps in a workflow and provides insights to optimize over time. The forthcoming Workflow Builder and Library will give teams the ability to create their own or leverage best-in-class, pre-built workflows to power projects and drive efficiencies. By helping teams scale processes across the organization, Asana eliminates the need for expensive tools and complex IT approvals.

Visibility

Asana’s Universal Reporting gives enterprises the visibility needed to track business objectives, make adjustments and guide teams to success, all without adding more meetings.

Inspired by the best practices of agile engineering teams who leverage velocity tracking to increase efficiency, Universal Reporting is being made even more powerful with the addition of reporting on data trends and workflows over time. From tracking budget spending across projects over days, months and years, to analyzing the amount of time teams are losing to inefficient processes, Universal Reporting over time will unlock powerful insights – helping even the most efficient teams continuously improve.

Security at Scale

With the ability to support enterprises of 100,000 users and beyond, and an availability commitment of 99.9 percent, IT teams can focus on business outcomes as they scale, with the confidence that Asana will keep their data secure and available. With new Admin Announcements, IT can keep the entire organization updated directly in Asana to get the right information to the right teams at the right time. In addition, new SCIM functionality automates group set-up and synchronizes profile updates with Okta and, coming soon, Azure AD.

Today, enterprise admins can get insight into what happens in Asana via the Audit Log API and notifications on unusual activity. Coming soon, Enterprise Key Management (EKM) will give organizations even more control over their data by enabling them to bring their own keys to encrypt data. EKM gives enterprises visibility and control over access to their data, allowing the use of Asana for sensitive information while meeting enhanced security requirements.

“At Asana, we’ve designed our architecture over the past decade to support the scale and security needs of the world's largest and most distributed organizations,” said Prashant Pandey, Head of Engineering, Asana. “From Enterprise Key Management to Audit Logs and an expanding ecosystem of partnerships with the world’s leading IT tools, we’re giving CIOs more control and flexibility to keep cross-functional teams connected, while ensuring data security.”

Asana will host its Scale Enterprise Summit today at 10 a.m. PT. Hear from leaders from Okta, Xero, Harvard Business School and Asana on how to scale your team’s impact with clarity, flexibility and confidence at scale.asana.com.

About Asana

Asana helps teams orchestrate their work, from small projects to strategic initiatives. Headquartered in San Francisco, CA, Asana has more than 107,000 paying customers and millions of free organizations across 190 countries. Global customers such as Amazon, Japan Airlines, Sky, and Under Armour rely on Asana to manage everything from company objectives to digital transformation to product launches and marketing campaigns. For more information, visit www.asana.com.


ę Business Wire 2021
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Analyst Recommendations on ASANA, INC.
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Financials (USD)
Sales 2022 372 M - -
Net income 2022 -276 M - -
Net cash 2022 285 M - -
P/E ratio 2022 -65,3x
Yield 2022 -
Capitalization 16 735 M 16 735 M -
EV / Sales 2022 44,2x
EV / Sales 2023 32,9x
Nbr of Employees 1 080
Free-Float 29,8%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 91,00 $
Average target price 106,42 $
Spread / Average Target 16,9%
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Managers and Directors
Dustin Moskovitz Chairman, President & Chief Executive Officer
Tim M. Wan Chief Financial Officer
Prashant Pandey Head-Engineering
Anne Raimondi Chief Operating Officer & Head-Business
Adam D'Angelo Independent Director
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