1. Streamlining processes in order to eliminate unnecessary meetings decreases overheads and beefs up margins

Over the past couple of years, we’ve likely all lamented the explosion in the number of online meetings we’ve been having. The increased opportunity for meetings thanks to online platforms such as Microsoft Teams, Zoom, Google Meet, etc. has meant that many organisations find it easier to have more frequent, often unproductive chats rather than spending time adjusting internal processes for efficiency. While frequent meetings are not necessarily always a negative, choosing between fixing a core process here and now that would make meetings less necessary versus adding X non-billable hours per week in meetings for key employees should be a no-brainer.

Achieving the right balance takes an internal culture that discourages meetings-that-should-be-emails, while still making it clear that inter-employee communication is a top priority. It also takes a project management and software integration setup that allows team members to give and receive feedback deliberately and quickly. This boosts turnaround time for projects, along with reducing project management overheads that could be the key to being profitable that month – or even wining that new client.

  1.      Internal culture affects consistency and lowers staff turnover

A positive internal culture makes business sense for several reasons. And we’re not talking about billiard tables or health insurance benefits. While those are also great, treating employees like adults allows them to act as such. Fostering attitudes that prioritise mental health and compassion will help employees achieve a healthy balance between work and their personal lives.

Doing this is proven to reduce staff turnover and improve employee engagement, which in turn means that teams are more consistent. Additionally, less turnover means less time spent on training new recruits is required. More than half of our development team at Cleverbit is based abroad, yet through meetups, team building efforts, and overall concern with more than their performance at work, we’re able to keep a tight-knit team together for the long-term.

  1.       Using a recognised methodology can build trust during pre-sales

At Cleverbit, we use the Agile methodology to deliver solutions to our clients. When executed well, Agile can boost delivery accuracy, flexibility, and quality to our projects. It reduces downtime and makes our clients feel involved in the project without introducing bottlenecks. In the tech space, Agile is also relatively widely used, so for clients we work with that have used it in the past, it’s familiar, while also being a tried-and-tested, easy to understand system for those who haven’t.

Agile also makes it even easier to collect data about the progress of projects. Couple this data with a strong BI setup and you suddenly have the ability to get a very accurate idea of overall business performance with key indicators that outline where process improvements can be made or where potential issues may arise.

All three of these examples have the shared overall benefit of reducing overheads and increasing efficiency. These are key to increased margins and the ability of a business to reinvest in itself, creating a virtuous cycle of product offering improvement to current and future clients.

Related

Summer is almost here: 5 ways to beat the heat while working from home

27 May 2024
by Anthea Cachia

Lighter clothes, more hydration and working in cooler spaces.

Max Ganado and Marisa Xuereb appointed Atlas Insurance Non-Executive Directors

27 May 2024
by Fabrizio Tabone

The appointments, effective from May 2024, were confirmed during Atlas Insurance’s Annual General Meeting held earlier this month.

Hein Chetcuti named Chief Transformation Officer at Malta Freeport Terminals

27 May 2024
by Fabrizio Tabone

He has worked at the freeport for over 17 years.

Want to sleep better? Swap late-night emails with books, say local psychologists

26 May 2024
by Fabrizio Tabone

MaltaCEOs.mt speaks to Kim Spiteri, Emma Micallef-Konewko, and Joshua Aquilina on how sleep can have a significant impact on well-being ...

Close Bitnami banner
Bitnami