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New SaaStr Annual Speakers!! CEOs of Calendly, Y Combinator, Vimeo, President Shopify and More!!

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How to launch a successful RPA initiative

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Robotic process automation (RPA) is rapidly moving beyond the early adoption phase across verticals. Automating just basic workflow processes has resulted in such tremendous efficiency improvements and cost savings that businesses are adapting automation at scale and across the enterprise.

While there is a technical component to robotic automation, RPA is not a traditional IT-driven solution. It is, however, still important to align the business and IT processes around RPA. Adapting business automation for the enterprise should be approached as a business solution that happens to require some technical support.

A strong working relationship between the CFO and CIO will go a long way in getting IT behind, and in support of, the initiative rather than in front of it.

A strong working relationship between the CFO and CIO will go a long way in getting IT behind, and in support of, the initiative rather than in front of it.

More important to the success of a large-scale RPA initiative is support from senior business executives across all lines of business and at every step of the project, with clear communications and an advocacy plan all the way down to LOB managers and employees.

As we’ve seen in real-world examples, successful campaigns for deploying automation at scale require a systematic approach to developing a vision, gathering stakeholder and employee buy-in, identifying use cases, building a center of excellence (CoE) and establishing a governance model.

Create an overarching vision

Your strategy should include defining measurable, strategic objectives. Identify strategic areas that benefit most from automation, such as the supply chain, call centers, AP or revenue cycle, and start with obvious areas where business sees delays due to manual workflow processes. Remember, the goal is not to replace employees; you’re aiming to speed up processes, reduce errors, increase efficiencies and let your employees focus on higher value tasks.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/06/17/how-to-launch-a-successful-rpa-initiative/

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Fortino Capital closes €105 million fund for promising early-stage B2B software & tech companies across Europe

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Fortino Capital Partners, a Benelux based venture capital and private equity investor in software and technology companies, announces the final closing of its third fund. Fortino Capital Venture II is a €105 million fund dedicated to promising early stage B2B software and technology companies across Europe with a focus on The Benelux, France and Germany.

Its predecessor, Fortino Capital Venture I was launched in 2016 with a capital of €80 million, and has made 18 investments in software companies including Teamleader (BE), BuyBay (NL) and inSided (NL). The fund has realized 10 exits so far, i.a., Trendminer (Software AG), Zentrick (Double Verify), Piesync (Hubspot), Melita (EQT), and more recently Bloomon (Bloom&Wild) and Riaktr (SDS).

Fortino Capital Venture II is looking to establish long term partnerships with passionate entrepreneurs who are building their business with the ambition and potential to become a winner in the market they operate in. The fund focuses on late Seed to Series A stage investments in B2B SaaS and technology companies with initial tickets ranging from €1 million – €3 million, and sufficient capacity for later funding rounds.

Duco Sickinghe, Managing Partner Fortino, explained more: “We are living through exciting times. As a reference B2B Saas investor, we would like to, more than ever, invest in digital platforms and  contribute to society. Our third Fortino, and our second VC, fund provides us with the critical mass and fire power we need to continue investing in B2B software. Companies in this space are the main engine driving a digital and sustainable economy.”

Fortino Capital aims to make a positive contribution by leveraging its deep operational and strategic expertise, especially in the area of product market fit and software development. Fortino has also launched an online community where founders and executives from Fortino portfolio companies meet on a regular basis for peer-to-peer networking and to have a sounding board with captains of industry. Fortino also grants access to its own talent acquisition resources that help its portfolio companies attract the right talent.

In addition to its loyal existing and reputable private investors base, a number of strong institutional investors such as EIF have signed up as cornerstone investors in the new fund, complemented with successful entrepreneurs from the region.

Fortino has also recently expanded its team in the Netherlands with experienced venture capital investors Marcel van der Heijden (former partner at Speedinvest) and Wouter Goossens (former Investment Director at ING Ventures).

Marcel van der Heijden, Partner at Fortino, said: “I am excited to have joined Fortino, to strengthen its Amsterdam team, and to hit the ground running working with the Kaizo team as a first investment. Fortino has a unique combination of deep Venture and Growth experience that can support founders very well along their journey. Rooted in the Benelux, the view of the fund and team is very clearly Pan-European.”

Next to its Venture Capital practice, Fortino also invests out of a different fund Fortino Capital Growth PE I. This is a growth private equity fund with a capital of €242 million targeting larger and more mature B2B software companies, supporting further organic growth combined with buy-and-build. The fund has invested in 7 companies so far, amongst which Maxxton (NL), Efficy CRM (BE), Odin Groep (NL), Tenzinger (NL) and Cenosco (NL).

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.eu-startups.com/2021/06/fortino-capital-closes-e105-million-fund-for-promising-early-stage-b2b-software-tech-companies-across-europe/

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Finland-based Contract Mill raises over €1 million to disrupt document automation business 

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Finnish startup Contract Mill has announced the successful closure of a funding round of over €1 million. The round was co-led by Swiss investment company Actium AG and Veenay Shah, founder of HighQ, together with multiple distinguished international investors from the UK and Sweden. The funding will be used to further expand its operations in the UK and Europe, and prepare for further growth in addition to the 15 markets where Contract Mill is already deployed.

Founded in 2016, Contract Mill is a no-code document automation SaaS platform – one of the first in the world to have a 100% visual automation interface. This next-generation SaaS makes the automation of even complex documents fast and easy, compared to traditional software that requires significant IT resources, time, and money to deploy.

Until now, powerful document automation software has been accessible only for a few – Contract Mill’s software is not only suited for all companies about to start their automation journey, but it also finally brings a real alternative for change for companies with existing incumbent solutions in use.

“As lawyers, we saw a huge underserved market – law firms and companies who needed document automation but who are not capable or willing anymore to take on the total cost of automation that is inherent in the complex incumbent systems,” said Kaisa Kromhof, founder and CEO of Contract Mill.

“We discovered that the market was missing a modern, state-of-the-art product that would combine true ease of use with powerful logic. So we decided to build such a product that we would love to use ourselves – high tech yet beautifully designed, self-explanatory to use, fun to work with, and accessible for everyone.”

Once a document template has been automated, users can generate new custom documents in minutes by answering a dynamic list of questions. Generated documents can be made in one or more languages, and they can form a total suite of many documents that are generated in one go instead of an inefficient and error-prone manual process.

When used by in-house legal teams, business people are empowered to do more themselves when it comes to legal documents, still being fully compliant, and in accordance with their company’s policies. Instead of high costs and the risk of failing to implement heavy contract lifecycle management (CLM) systems, in-house legal teams can cherry-pick the best parts like Contract Mill, and combine it to their existing systems with our extensive APIs and growing number of direct integrations,” said Kromhof.

Like many traditional industries, the law sector needs to grow with technology. Contract Mill makes it possible for law firms to digitize and scale their service delivery, as purely selling their own time does not scale indefinitely. Additionally, millennials entering the workforce are ready to embrace new, more efficient ways of working that disrupt how things have been traditionally done.

As corporate and transaction lawyers, we experience the increasing need to streamline the legal documentation processes on a daily basis. We are convinced that legal tech will eventually transform the legal industry, even though it has traditionally been slow to change. To achieve such a big transformation, a product must be not only technologically advanced but also easy and intuitive to use. We believe Contract Mill checks both those boxes,” said Till Spillmann, Partner and Chairman of Actium AG.

For legal service providers, the white-labeled, cloud-based technology of Contract Mill opens up new possibilities to generate new, scalable revenue streams.

“As part of our Legalbuddy online service, our clients can be granted access to predefined automated documents 24/7. This brings the client relationships beyond the mere provision of services paid by the hour and allows for the scalability of our business model by generating predictable and recurring subscription revenues,” said Ulf Linden, Founder of LegalWorks, Sweden, and customer of Contract Mill.

Contract Mill so far has offices in Helsinki and London. Its customers include a growing number of large international companies such as Bird&Bird, Solita, and TietoEvry, and a variety of businesses around the world like AdvisMe, Ijos Rechtsanwälte, and MK Law.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.eu-startups.com/2021/06/finland-based-contract-mill-raises-over-e1-million-to-disrupt-document-automation-business/

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Hybrid Work Series, Part 2: How will we organise work spaces? An interview with Max Verteletskyi, CEO of Spaceti

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How should we view hybrid working from the perspective of space? Is it merely workers dividing their time between their homes and the offices that they used to occupy before the pandemic? Or does hybrid working also mean being able to work from an ecosystem of places (home, co-working space, cafés, company offices, etc.)? How will companies ensure the health and safety of workers in the hybrid workplace? What space parameters should companies monitor?

In this series on hybrid working, we spoke with Max Verteletskyi, CEO and co-founder of Spaceti, about these questions. Spaceti is a singular SaaS platform for managing spaces from individual offices to entire campuses. Founded in 2016 and based in Amsterdam, Spaceti offers a combination of a Workplace Analytics suite that collects data from proprietary or third-party sensors (desk/room/parking space occupancy), with indoor air quality management (temperature, humidity, CO2, etc.), and a Workplace App that offers booking and communication functionality. It is also compatible with the hardware of the most popular office solutions like Cisco cameras and Gantner lockers.

Max spoke of his definition of ‘hybrid working’, how to help companies adapt to the post-pandemic workplace, and the concerns current and potential clients have about the hybrid workplace.

Do you think that hybrid working is here to stay, or is it just a passing trend?

Indeed, I believe that hybrid working is here to stay. It’s important to define what hybrid working means from my perspective. It’s the ability to work from ecosystem of places – let’s say you can perform some of the focus work from your home, more collaborative work from your company office location or nearby co-working centre, and some creative work from a café or even a hotel somewhere in the alps that could give the right inspiration and vibe.

In my opinion, the lines are being blurred between the types of physical space and more importance will be given to the quality of space, which will become more of a benefit for your employees.

As a result, ‘Space management’ is needed more than ever before as the pandemic is forcing companies to adapt to this new hybrid workplace reality.

Whether it is hybrid or going back full-time to the physical offices, how can SPACETI help companies adapt to a post-pandemic workplace?

Prior to answering this question it’s important to point out what they actually need help with nowadays. Corporate real estate managers are looking for cost savings while ensuring a healthy and safe work environment. Lack of transparent occupancy and air quality data creates uncertainty in decision making. Employees feel insecure about no longer having a dedicated desk or a parking space when returning to the office.

Spaceti addresses efficiency and effectiveness challenges workplace occupiers face and provides reliable data that enable them to make key decisions that would improve workplace utilization, air quality and create a safe, data-driven, and interactive workspace.

Workplace occupiers can monetize better office usage (up to 25% savings on office space) and workforce productivity. Spaceti technologies are crucial, now than ever, because of the COVID-19 pandemic as they help manage the transition to more flexible and healthier offices. Furthermore, the collected data can help workplace managers decide how much space they will need in the future.

What top three concerns/issues about the hybrid workplace do you get asked by current or potential clients?

Firstly, given the major trends and shifts in the industry, clients want to know how they can make better data-driven decisions that would improve productivity and their people’s wellbeing. Workplace occupiers often lack data regarding how much rental space they currently need and will need in the future, causing uncertainty due to changing external conditions.

Secondly, people always ask how they can make a safer and more flexible environment for their people. This goes hand in hand with data collection. Due to a lack of environmental data, people cannot be alerted to poor air quality, which can transmit airborne infections and significantly affect health and productivity. Furthermore, since the pandemic, workplace managers need to flexibly change how the offices are being used. Their people need to have the tools to use the space and be sure there will be a place to park and a desk if they go to the office.

Lastly, clients are always concerned with implementing a fast and cost efficient solution to their problems. Corporate occupiers need to find suitable solutions for the new normal, which is accelerating market demand, including smart workplace technology that is not difficult to install (as it requires cabling, electric power, and high CAPEX).

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.eu-startups.com/2021/06/hybrid-work-series-part-2-how-will-we-organise-work-spaces-an-interview-with-max-verteletskyi-ceo-of-spaceti/

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