Why time-sheet is important?

Every entrepreneur wants to make sure that all his employees are working effective and their productivity enhances day by day the business well-being and profit. As the company grows, it can be more difficult to keep track of what everyone is up to, and where people are spending their time. A good manager has to make sure that his people are working efficient and the efforts are made in a coordinated way to a clear measurable objective.

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The simplest ting that have to be done is the implementation of a time sheet system. Seems simple, but in fact is a sensitive topic and have to be treated with high professionalism. People are usually discomforted by such activities as fill in the time sheets. To do this activity as smooth and pleasant as possible this shall be implemented as an opportunity for the employees to track their good results and eventually to receive rewards based on clear measurable achievements. More of that such tool no not have to be source of discomfort but contrary, shall provide other important information to the employee like vacation days, remote work, track of the overtime worked hours and other such information that could be relevant and useful for every employee in day bay day activities.

For companies, such system provides a simple solution to problems that can affect growth and can help to minimize waste and improve employee productivity and satisfaction. Used by companies large and small, and favored by agencies, remote teams and growing startups, employee time-sheets are a quick and easy way to make a meaningful change to the way your business runs. They can take the form of paper printouts that individual employees keep at their desks and hand in at the end of each week, an online shared document that everyone fills out each day or a powerful and automated online time-sheet software that runs in the background and monitors what your employees are working on.

Employee time-sheets can help to quantify time lost or roadblocks and help managers and executives take better leadership decisions that can reduce time waste and help encourage employees to work productively. Being able to see what everyone is working on and how long they spend working throughout the day, not only informs better decisions, but can also make you a more empathetic leader, as you understand intimately how hard your employees are working and the sacrifices they are making to help you grow your business. Showing empathy at work can inspire your employees to commit to their jobs more readily, make greater sacrifices, and can make your team better respect you as a leader — all things that can greatly boost your business’ chance of success.

Keeping track of your employees time-sheets doesn’t have to be a headache. There are tools and solutions available that can help you to manage your teams performance and take smarter and more informed business decisions.

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Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

For details please visit: https://wibiway.com

Do you know how to regain full control over your projects?

First you need to know that nowadays there are better ways for implementing great projects and lead amazing teams. All you have to do is to find a suitable software application to implement. The days when these apps were expensive and difficult to implement are long gone.

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Today these Business Management apps are highly affordable, easy to use and more of that, you do not have to bother with infrastructure because all is in cloud. This means you do not have to pay for servers and maintenance and IT guys to ensure 24/7 support. All you have to do is just having an internet connect and that’s it. All is there, plain and simple, and you pay only what you need. Usually the subscription is per user or per instance. We think that the most optimized price is per user because the entire set-up behind is developed to offer the best price for the service you get and offers you the price flexibility.

After you decide what the best app is for you, you have to enroll your entire organization in this app. You have to create the organization inside the app, set up teams and roles and make sure that you onboard everyone. That will ensure you do not miss any cost you have with manpower.

The next step is to create projects. For some organizations it is easy because they are already working on projects so it will come natural but for others it is difficult because the business is repetitive and there are no actually projects. Good news is that even these organizations can benefit on such apps because they can consider their support and productive departments or product lines as projects so they can track relevant profitability KPIs during time.

After you create the projects you have to make sure that your middle management empower this approach and they are using correctly and thoroughly the new system. If all the data is inserted in the application (manpower and invoices) you have the chance to actually analyze projects KPIs and in the end the entire business line or company. The process to onboard all the activities in the app is not easy but in the end the effort worth because you have an objective image on your performance. More of that it helps you take the right decisions at the right time not on feeling but on facts.

After you gone so far, the things get easier because all you have to do now is to fine tune your system. Over time optimizations can be done like integration with invoice systems or CRM systems but first make sure that you put in place the right system to match revenues with expenses and keep expenses under control to be able to obtain the maximum profit.

Keeping track of your projects and costs doesn’t have to be a headache. There are tools and solutions available that can help you to manage all of your finances and make smarter and more informed business decisions.

Start using Wibiway today

Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

For details please visit: https://wibiway.com

How leverage on digital technology can increase revenue

In this era of digital transformation, new technologies have opened up opportunities for businesses and created new challenges. At present, advanced technology has also become more accessible to a wider audience. In a recent past, only big companies had access to the latest technological developments. Now, digital technology is reachable to businesses of all sizes. Such accessibility allows the growing of digital culture which can bring many advantages across all business functions. Studies reveal that more than half of start-ups have already adopted a digital business strategy compared to a third of traditional enterprises and start-ups increase revenue by 30% when they rely on digital-first strategies.

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Digital transformation can improve cost efficiency and make your company stand out from the competition, At present, the collaboration between technology and business processes is no longer optional, but a must-have.

Digital transformation is the deep transformation of business activities, competencies, and business models to leverage the opportunities of digital technologies. It is about using digitalization to transform a business unit or an organization approach to business. This concept marks a profound rethinking of how an organization uses technology and resources to change business processes and performance.

There are many operational benefits of digital transformation:

  • Improved efficiency
  • Better customer experience
  • Informed decision making
  • Boost profitability
  • Improved market penetration

The businesses can leverage on digital transformation to:

Use information to optimize business operations

Success does not depend on how much data you can collect but on how quickly you can analyze and act on that information. Digitalization can help you to turn data into instant insights, to optimize processes and to eliminate unneeded costs. Streamlining business operations and reducing operational costs will help you to increase worker productivity and improve business alignment.

Create value from data

Companies that use big data effectively could generate higher revenues and develop more original ideas and competences. In the process, they create entirely new revenue streams, business units, and stand-alone businesses.

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Why digital transformation matters?

More than a third of organizations have already started implementing a digital transformation approach to business processes, operations and customer engagement. Some of them are in the integration process of making operational and technology changes throughout the enterprise, and others are executing their digital plans and making process, operational and technology changes on a department and business unit level. Just a small part of companies have already fully implemented their digital first approach and are in the maintenance phase.

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People truly believe that digital transformation is a big deal, a game changer. The majority of enterprise decision makers believe that if they don’t make serious progress on digitally transforming their businesses in the next 24 months, they’ll fall behind the competition and take a hit on their bottom line. But despite the significant enthusiasm and high hopes surrounding digital transformation, many people are still fuzzy on exactly what it means and how to implement it.

What is digital transformation?

Essentially, digital transformation is the process of using digital tools and technology to improve existing processes. This process involves strengthening or even replacing archaic, slow, tedious, often manual processes, with easier, efficient, and often automated processes. But we also can apply a broader, more fundamental way to understand digital transformation. It means integrating digital technology into all departments of a business, which then dramatically changes how each one operates.

Digital transformation also means a change in the business culture. This change starts in the C-Suite and filters down through every level of the business. It involves a commitment to using digital tools to increase the efficiency and, ultimately, the bottom line. Digital transformation requires commitment because it’s not typically a simple process. It takes significant changes to long-used legacy systems. This, in turn, means time and resources, as well as buy-in from the employees who will have to learn new ways to do tasks.

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Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

For details please visit: https://wibiway.com

Go for your digital business transformation with Wibiway

The increase of awareness and development of new competencies revolves around the capability to become more agile, innovative, people-oriented, customer-centric, streamlined, efficient and able to leverage opportunities to challenge and change the status quo and tap into big data and new unstructured data sources – and service-driven revenues, with the Internet of Things as a vital enabler. Digital transformation efforts and strategies are often more urgent and present in markets with a high degree of commoditization.

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Present and future shifts and changes, leading to the necessity of a faster deployment of a digital transformation strategy, can be induced by several causes, often at the same time, on the levels of customer behavior and expectations, new economic realities, societal shifts (e.g. aging populations), industry disruption and emerging or existing digital technologies.

Find more on Digital transformation section.

In practice, end-to-end customer experience optimization, operational flexibility and innovation are key drivers and goals of digital transformation, along with the development of new revenue sources and information-powered ecosystems of value, leading to business model transformations and new forms of digital processes. However, before getting there it’s key to solve internal challenges as well, among others on the level of legacy systems and disconnects in processes, whereby internal goals are inevitable for the next steps.

Digital transformation is a journey with multiple connected intermediary goals, in the end, striving towards ubiquitous optimization across processes, divisions and the business ecosystem of a hyper-connected age where building the right bridges between data from ‘things’ and decisions, people, teams, technologies, in function of that journey is key to succeed.

Digital transformation is the profound transformation of business and organizational activities, processes, competencies and models to fully leverage the changes and opportunities of a mix of digital technologies and their accelerating impact across the company in a strategic and prioritized way, with present and future shifts in mind.

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Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

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Digital transformation with Wibiway

Digital transformation is the cultural, organizational and operational change of an organization, industry or ecosystem through a smart integration of digital technologies, processes and competencies across all levels and functions in a staged way. Digital transformation leverages technologies to create value for various stakeholders, innovate and acquire the capabilities to rapidly adapt to changing circumstances.

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We mentioned it before but it’s important. It’s a mistake to think that organizations are really ready for profound digital transformation in a broad way. There are still far too many gaps in regards to the digitization (and automation) of existing processes and the digitization of data from paper carriers. What is sometimes called digital transformation is sometimes “just” digitization (turning paper into electronic information into processes). You need digitization in order to optimize in a digital transformation context but digitization does not equal digital transformation. What matters is the combination, strategic and prioritized interconnecting and the actions you take to achieve business goals through digitization and combining data.

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Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

For details please visit: https://wibiway.com

Digital transformation, a nice to have or a must?

Digital transformation impacts all the business activities, functions, processes and operations. Companies have to adapt to the newly arouse technologies and modern ways of working. It helps management to set, track and achieve specific goals. Business process optimization and business process automation come into picture.

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Business process optimization is essential in digital transformation strategies and in most industries and cases is a mix of customer-facing goals and internal goals.

New ecosystems are built between companies with various background upon the fabric of digital transformation, information, whereby data and actionable intelligence become innovation assets.

Organizational culture must be a clear customer-centric, agile and hyper-aware goal which is achieved by acquiring core competencies across the board in areas such as digital maturity, leadership, knowledge worker silos and so forth that enables to be more future-proof.

Digital transformation puts people and strategy before technology. The changing behavior, expectations and needs of any stakeholder are crucial. This is expressed in many changes on customer-centricity, user experience, worker empowerment and workplace models. People involve and empower other people and technology is an additional enabler and part of the equation of choice and fundamental needs.

Start using Wibiway today

Get in touch with Wibiway team and we will be glad to support you. We are experts in digital transformation, business strategy and business profitability. Our dedicated application will lead your digital transformation way and provide you the means to steer your business to success.

For details please visit: https://wibiway.com