The most open business and technology blog

One of the goals we set ourselves a few years ago was to offer our customers a complete solution for construction companies. To automate timekeeping for employees working on site, we developed SocrateTimesheet, the mobile application that allows you to enter timekeeping directly from your mobile phone or tablet.

After a rather long waiting period, on Friday evening, the Ministry of European Funds published in a public debate the draft Applicant's Guide and the de minimis scheme for the SME Digitization Program. The public consultation period is 10 days, starting with 09.10.2020 until 19.10.2020, at 17.00.

Even if 2020 was a year with many online meetings, autumn brigs us a new start, and the business trips are back more and more.

To help you get back and start your trips again, we launch today the SocrateExpense mobile app, a native extension of the SocrateCloud solution, that facilitates the introduction of statements, simplifies the approval flow, automates the generation of the statements in SocrateCloud and helps to reimburse the amounts faster.

Easily manage customer requirements and increase service quality

The companies that offer services vary greatly depending on the field in which they operate, the size and the services they offer to customers. Despite all these differences, they are similar in terms of business model, all their activity focusing on projects, resources and customers. Three very important aspects, but not at all easy to manage.

The remote work came overnight before we could really test how the work with the entire remote team would work. We had to find the necessary resources to face the new professional challenges and the new face of the professional environment, the new virtual and collective workspace.

The teams had to adapt to the new working conditions, and this also meant keeping and improving our distance communication and collaborative work skills, because at work everything became virtual - meetings with customers , daily or weekly meetings with the team, documents and even conversations with colleagues "in the hallway".

Business models are changing under the impact of new technologies, as well as other factors (economic, political, etc.). At the same time, companies have their own development strategies that involve innovation, market differentiation, higher profitability, attracting and retaining talent or social responsibility projects.

What does transformation mean? In essence, it is about more efficient processes, more dynamic and flexible decisions that involve the whole organization. However, creating an agile and flexible organization is a huge challenge, which is why there is a constant need for innovation, operational improvement or new ways of working with technology.

The logistics services industry is one of the industries that must be most adaptable to economic, political or any other conditions. Despite all the constant pressures (fuel price, lack of qualified staff, lack of investment in infrastructure and, especially, constant customer pressure in the area of ​​applied tariffs, logistics service providers are forced to meet all these challenges, but also to create development opportunities.

A report by the American company Mulesoft and quoted by the "Construction Agenda" says that 75% of managers believe that the lack of digitalization affects companies' revenues. The same study shows that the digital transformation has become a strategic imperative for most companies (92% of respondents), as they have ongoing or planned investments in the digital area for the next 12 months.

“Cash flow is King”. This is a reality that you need to pay special attention to, especially in times of crisis.

For all organizations, regardless of size or field of activity, cash flow management is a topic of maximum interest, the continuation and success of the business depending on it. A sudden economic change, such as the pandemic, can affect cash flow quite quickly, which is why business people need to be prepared with the necessary tools to help them overcome any problem related to an unstable cash flow.

Regardless of the size of the company or the field in which it operates, there are repetitive operations and tasks, such as standardized emails / notifications, reports, invoices. Recently, however, the digital transformation of the company by automating certain business processes with the help of software robots has started to be discussed more and more often.