The most open business and technology blog

In order to support its customers, BITSoftware has aligned the Socrate Payroll solution with the new legislative changes, so that reporting is accurate and does not affect customers' business in any way.

Regardless of the industry, indicators are performance measurement tools and are the only means of knowing if a process's performance is improving or degrading and if an intervention is required.

Performance indicators (KPI) are of several types: strategic indicators (market share, profit, turnover, customer satisfaction), managerial indicators (availability of resources, costs, budget), operational indicators (individual performance, process performance, products, specifications, efficiency). If not measured and treated properly, performance indicators can negatively influence the results of companies operating in the field.

In the last two years, digitization has become a topic of increasing interest even for the more conservative and change-resistant sectors, and the construction industry is under more pressure than ever to adopt new digital tools.

Managing a distribution and logistics company in the age of speed requires a thorough digitization and automation process to keep up with the advancements. According to Gartner, over 50% of companies in the field are convinced that software solutions have a strong impact on business development and profitability.

Maracana, one of the oldest transport and storage companies with Romanian capital, made its warehouse activity more efficient and reduced working times on all operations with the help of the FluxVision WMS solution.

The digitalization and modernization of ANAF, the improvement of communication with taxpayers, individuals or legal entities, were just some of the wishes (and requirements) of the business environment. Here that the year 2022 is also full of changes in the tax system, some of the fiscal measures being assumed with clear deadlines in the PNRR.

The service sector is coming out of a period of massive disruptions, and companies need to adapt to new ways of working, changing customer requirements and constantly evolving business models. This is the context in which the digital transformation is no longer just an option, but is the essential condition for growth.

According to a study conducted by Deloitte, “Real Estate Confidence Survey for Central Europe”, the increase in construction costs is the biggest challenge of 2022 for 90% of real estate companies in Romania and other countries in Southeast Europe.

Study participants believe that the war in Ukraine has generated supply chain syncope, accelerating the rise in the price of both building materials and energy. This concern, together with that related to widespread inflation, the difficulty of finding land and the general uncertainty in the market, is reflected in the perception of developers about the evolution of profit margins, 90% of which expect a deterioration.

According to ZF, the percentage by which the prices of the main construction materials increased is between 15 and 100% from March 2021 to March 2022, given that in the spring of last year the same materials had already gone through several rounds of price increases. You need to maintain strict control of the materials consumed on site, and SocrateERP is the right solution. Why? We explain in more detail below.