Hybrid Work Environment: Challenges and Advantages

Hybrid Work Environment: Challenges and Advantages

Hybrid Work Environment:
Challenges and Advantages

What exactly is a hybrid workplace?

People perceive and apply hybrid working models in many ways. However, there is one unifying principle that underpins hybrid work: flexibility. Hybrid systems are inherently more adaptable than more uniform, inflexible models that require employees to work wholly or primarily in the same central place.

Workers in a hybrid work style have more flexibility to complete tasks when they are most efficient. Effective hybrid working involves the updating of formal flexible working rules, as well as the recognition that a one-size-fits-all strategy rarely actually suits anyone.

COVID-19 has led in significant changes in the way people work and wish to interact in the workplace during the last two years, and these changes are still ongoing.

The current difficulty for companies and employees is determining the optimum combination of in-person and remote work to fulfil the demands of a diverse collection of stakeholders.

 

Advantages of hybrid work

Hybrid employment has given some people new career options, greater family time, and the ability to choose whether to commute. However, they are not the only advantages.

 

  1. Improvements in individual performance

Employees have diverse work habits and perform better in different environments; hybrid work allows employees to take advantage of this.

  1. Hybrid work is a technique for retaining talent

Build-in flexibility may be a retention driver in the same way that the hybrid work choice enhances the talent pool.

  1. It boosts productivity

A hybrid approach can provide flexibility and allow individuals to work to their strengths, increasing productivity. Teams may achieve a healthy mix of creativity and cooperation by promoting a culture that considers remote work as a beneficial option to completing deep-focus activities in the office. Employees who want solitude and quiet to concentrate or who flourish in an office environment might be offered the option of working where and when they are most productive.

  1. It boosts mental health

According to Microsoft statistics, one in every five global survey respondents believes their company is unconcerned about their work-life balance. While work and life are rarely perfectly balanced, work-life fit is an essential component of any healthy working environment.

 

Challenges of Hybrid work

  1. Despite all the talk about the great return to the office, the truth is that most organizations will continue to function remotely, at least in some degree, for the near future. This new reality of a completely scattered workforce jeopardizes one of the most crucial Agile principles: collaboration.

 

  1. Keeping organizational agility

Understanding how and where the existing workforce is deployed, as well as ensuring that those employees are informed on objectives and goals, will be required.

Hybrid work has mostly influenced how Agile ceremonies operate. Many teams’ communication and collaboration might be hampered when not all the people in the room are present. Estimating and Retrospective Sessions are two of the most effective ceremonies for keeping your team on track during a project.

 

As a leader, you want to foster a hybrid work environment that is collaborative, efficient, and encourages team members to perform to their full potential. There are several approaches to achieve this aim in today’s ever-changing economic landscape.

When thoughtfully and strategically organized, the hybrid work model can propel your organization to new heights of productivity. Previously, the hybrid model was seen as an alternate work style. However, as more employees want flexibility, it will become increasingly widespread. Companies must address the requirements of their employees or risk losing talent to competitors.

 

Roehan Manders – Head of Delivery

Roehan completed a B.Com Entrepreneurship & Business Management at North-West University (awarded with Cum Laude) he is also a certified Scrum Master. After developing and running his own marketing website business, he successfully sold the business and became a business adviser, analyst, and high-income private banker. Roehan then used these skills to transition into project management where he trained in SCRUM and Agile methodology.

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The Disadvantages of Not Using a CRM Software for Your Business

The Disadvantages of Not Using a CRM Software for Your Business

The Disadvantages of Not Using a
CRM Software for Your Business

Imagine running the business of your dreams, but you can’t seem to get any sales or retain customers. Before you deem your business a failure, consider using CRM software.

Then, you can manage multiple things in one place to help promote your business and increase sales. And you don’t have to juggle different tools to get the job done or risk losing out on sales because of a lack of organization.

Read on to learn what you’ll have to deal with if you don’t use a CRM.

Managing Multiple Tools

When you don’t use CRM software, you have to manage multiple tools that do the same thing as a CRM. Good CRM solutions can help with everything from marketing and sales to customer service.

If you don’t have a CRM system you would need something to market your business, a sales tool, and a customer service system. All of those can take time and money to set up, and they may not even be as efficient as a CRM.

You may waste a lot of time trying to manage and connect the various tools to run your business. When that happens, you may lose out on sales and customers, so your overall business could suffer.

Less Data Access

Data is essential to making decisions for how to move your business forward. If you don’t use CRM software, you may not have as much access to customer data or management data.

When that happens, you may need to spend more time collecting data on the members of your customer base. However, using a CRM can make collecting and accessing data much easier.

Whether you want to make decisions about finances or product releases, having access to data can make a huge difference. You can track data without a CRM, but it will be much more difficult, especially as your business grows.

Manual Data Entry

Even if you can get some data, you may need to enter it manually into something like a spreadsheet. This will require you to spend more time on admin tasks and less time on actually helping customers.

You’ll need to decide how often you want to work on data entry and what data points you want to track. Then, you or someone on your team will have to input that data on schedule so that you can track it.

When you have a small business, you may be able to get away with manual business processes. But eventually, you won’t have time to track all of your data and will need CRM software.

Bad Data

Another risk of manual data entry is bad data, which refers to inaccurate or misleading data. You could do everything possible to make sure the data is correct, but you may still have some inaccurate entries.

If you don’t recognise the bad data, you may use it to make decisions. Depending on how inaccurate it is, you might make decisions that won’t help you reach your business goals.

You might implement business processes that will hurt your sales and growth. Fortunately, an accessible CRM can help you reduce the risk of bad data and its effects.

Missed Sales Opportunities

Not having a CRM can also affect your sales and revenue. You can easily miss out on chances to cross-sell and upsell customers to get them to purchase other offers.

A CRM can help you track what customers have purchased. Then, you can promote similar products or services that each customer can buy to help them even more.

While you may be able to offer upsells manually, it can be hard to track what to offer to each person. Meanwhile, a CRM can help you keep track of sales so that you can get people to buy more.

Weak Customer Relationships

Along with other business relationships, customer relationships are vital to the success of your business. However, building and maintaining those relationships can be difficult without a CRM.

You won’t have information on how the particular customer found you or what preferences they have. Not knowing that information may keep you from being able to sell to your customers.

For example, if someone found you through a referral, you would be able to use that when selling to them. But you’d have to know that’s how someone learned about you and your business.

Decreased Productivity

Not having a CRM may also keep you and your team from being the most productive you could be. The tasks you assign to your marketing, sales, and customer service teams may require the use of different tools.

Of course, employees will have to use different programs to do their jobs. However, it can take time to log into everything, and people can waste small bits of time switching between the programs you use.

By switching to CRM software, you can make sure everyone knows how to complete their tasks. Then, you can minimise confusion and maximise productivity.

Hard to Control

Even if you do have a good system to track data and work on customer relationship management, it can be hard to control. You may want certain employees to access only a few pieces of that system.

A CRM lets you control access so that people can get to only what they need. But if you use a spreadsheet or another program, you can only grant access to the entire thing or none of it.

That can make it easy for employees to access more data than they need for their jobs. Then, you may not have as much control over the use or accuracy of your data.

Will You Use CRM Software?

CRM software can make a huge difference in your productivity, sales, and other aspects of your business. Whether you have a massive corporation or a small team, you should start using CRM software.

Then, you’ll be able to manage your time better and focus on building good customer relationships to help your company grow. Soon enough, the CRM will be easy to use, so you don’t need to stress about the tech.

Are you ready to start using a CRM? Check out our Power CRM and get started today.

 

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The Power of User Adoption

The Power of User Adoption

The power of User Adoption

– A quick Google search defines inertia as “the tendency to do nothing or to remain unchanged,” while Wikipedia defines it as “the resistance of any physical object to a change in velocity.” This includes changes in the speed or direction of motion.  One element of this quality is the tendency of things to continue travelling in a straight path at a constant speed in the absence of external influences.” It should come as no surprise, therefore, that individuals, by definition, oppose change. It’s perfectly normal and natural. Expect some resistance when implementing a new system in an organization; it’s natural, but for goodness sake do something about it. Apply the force that causes them to shift direction.

 

You must have a User Adoption Strategy in place.

 

Whether you believe in creation theory, are a big-bang fan, or anything else, there is one unavoidable truth:

Even the most ideal system is vulnerable to failure due to an internal element that far too many businesses overlook and disregard in their planning.

Who is the perpetrator? If you are not proactive, the same people for whom you made this paradise may corrupt it and turn it into a wasteland.

Your most cherished users are your greatest potential danger.

Simply put, we must reduce this risk…

History has shown that implementation efforts will fail in the absence of a strong user adoption strategy.

 

7 Reasons Why Technology Projects Fail…

I just bought a Haval Jolion Super Luxury.

To replace my 2015 Volvo XC60 T6 AWD R-Design Polestar, I would have loved a Volvo XC40 or perhaps the considerably smaller Volvo S40. Any vehicle would have sufficed as long as it was a Volvo, but my budget protested loudly.  I didn’t know anything about the Haval brand. So I conducted my research and found some extremely intriguing things about these vehicles, to the point where I was so pleased that I tracked down a car 500km away and had it delivered to me within 5 days, despite the 3-month waiting list for brand new vehicles. Because I was loyal to the brand I have owned before, I almost missed out on what I now consider to be the finest vehicle I have ever owned.

The point is that no matter how elegant and technologically advanced a car is, if no one embraces and utilizes it as soon as it leaves the factory, it may as well be a bicycle. This is a pretty typical end-user problem. Why should I use Excel when I already have this handy calculator? I don’t require SQL because I keep all of my client information in Excel. I don’t need the Power Platform because my SQL database has all of the information I want. People are naturally resistant to change from what they have gotten accustomed to and feel at ease with.

Alan Lee-Bourke is a Principal Consultant in Microsoft’s Adoption and Change Management Global Practice, a Prosci Certified Advanced Instructor, a Prosci Experienced Practitioner, and the Director of the Scotland Association of Change Management Professionals.

In a recent article titled “7 REAL REASONS WHY TECH PROJECTS FAIL,” he provides the following frightening statistics:

  • 25% of IT projects fail outright
  • 20% to 50% demonstrate no ROI
  • and up to 50% require extensive revision when completed

 

The 7 reasons are…

 1. Poorly defined projects – this definition should cover more than just WHAT we are doing, but also:
– Why are we doing this?
– Why are we doing it right now?
– What will happen if we don’t?

2. Lack of leadership – An implementation project should never be confined to the IT department. Implementation is a business project which needs a strong key sponsor, who is active and visible – and one who will build a sponsor coalition and communicate effectively.

3. Lack of Accountability – Businesses simply must take responsibility for managing the change process. In our world that means getting users through the ADKAR process for them to make the project successful.

4. Ineffective or poor communication — Effective communication is crucial in change management.

5. User Testing & Feedback – We must focus on the end-user’s DESIRE to step out of their comfort zone and use the system.

6. When we evaluate ROI – When we go live, we will begin to see genuine business benefits from a people-dependent project.

7. Solving the incorrect problem — What are the issues, based on what your end-users are telling you? To put it another way, why would they want to switch to the new system?

 

At The CRM Team, we believe that to gain and maintain credibility, User Adoption Strategies must be actively led from the top down. The higher up, the better. The key sponsor should preferably be a member of the executive team – the CEO, MD, CIO, or CTO – and their message should be: “I am completely in support of this initiative.” The primary sponsor should then be supported by a Sponsor Coalition comprised of managers and supervisors who are in charge of influencing user behaviour in the departments affected by this project.

It is vital that the Key Sponsor and the Sponsor Coalition drive this change and emphasize the importance and urgency of the change. Their personal engagement is critical to the project’s success.

Reward and Recognition

A strong Recognition and Reward system would motivate and inspire users and fuel the User Adoption Drive.

The Recognition and Reward strategy can be built around key metrics such as

In terms of sales:

  • Which Business Unit is working the hardest to increase sales?

In terms of Customer Service:

  • The number of cases that have been resolved.

Just to name a few….

These are small steps to ensuring optimal user adoption. Each step building on the momentum and energy generated by the previous one.

Conclusion

Friedrich Nietzsche stated many things, most of which I disagree with, but one of them remained with me: “He who would learn to fly one day must first learn to stand and walk and run and climb and dance; one cannot fly into flying.”

On the perilous journey toward User Adoption we must be careful to take each of these little steps to ensure that our system implementation does not crash and burn, but that it will fly and take your organization to new heights.

When you succeed, we succeed!

 

Mark James – Head of Training & User Adoption

Mark has been a Microsoft Certified Trainer for many years and has been training Dynamics since CRM version 4.0.

He specialises in Dynamics 365 end-user training and has trained across the UK, Africa, and the Middle East. Mark is proficient in Microsoft Dynamics 365: Sales, Service, Deployment, and Customization & Configuration.

 

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What Are Some Trends in Improving Financial Services?

What Are Some Trends in Improving Financial Services?

What Are Some Trends in Improving
Financial Services?

Did you know The Harvard Business Review conducted a study that showed 50 per cent of consumers would trust AI to provide financial services?

The business and finances world is in constant evolution and you want to be sure you can keep up. Financial services institutions have to be on the lookout for the latest trends so that they can offer the kind of services their clients want.

If you are afraid of falling behind, there are some trends and emerging technologies in the financial service industry you need to watch. Read on to learn what they are and how they can benefit your services.

 

Hyper-Personalisation

The newest generations do not want to be treated like a number or even as a segment of the population. They want personalised financial services.

Hyper-personalisation uses big data to find ways of making the financial experience of a client unique. It works with what the particular client needs at that time and does not use a one-size-fits-all process.

Hyper-personalisation can be as simple as allowing clients to set up automatic mobile payments. It can also be as complex as suggesting investments the individual would be interested in making.

With this kind of personalisation, you will be pleasing the client. You will also be building up long-lasting relationships that will ensure the person relies on your services and your financial institution.

 

Digital Engagement

Digitisation is the rage in the financial industry. Technology comes in to provide gaps in the industry. This is why banks are cutting down on spending in physical branches and instead investing in self-service digital options.

The customer base depends on mobile and online banking. Smartphones are making it easier than ever to offer targeted services to individuals.

Customer service has also taken a leap into the digital world. Clients expect to be able to chat with someone online or resolve issues via apps. In 2020, the need for contactless transactions and digital options increased and that is only going to continue.

 

Artificial Intelligence

Data protection laws have increased with the trend of financial services heading toward digitalised options. Regulatory compliance is a concern that financial industries were not sure how to tackle.

AI is the solution. Artificial intelligence for anti-fraud services, as well as data analysis and reporting increase security. AI completing repetitive tasks can increase operational efficiency, as well. Even robo-advisors have become more popular in banking and financial services.

Not only does AI offer a great customer experience, but it also frees up the institution’s workforce to deal with more complex activities that AI cannot perform. Robotic process automation is the future.

 

Collaborating with Fintechs

Banks are beginning to collaborate with FinTechs to improve and grow their digital experience. FinTech companies were seen as the competition at first. Since they could offer the services that the slower-evolving banks could not, they are now part of the evolution of the banking and financial services world.

FinTech companies provide loan servicing, marketing, administration, and other services. This lets the bank offer banking services and products that work with the latest technologies. FinTechs provide the chance of constant innovation.

 

Bank Loyalty

A challenge that banks face is ensuring they can offer whole bank loyalty even for clients who only have credit cards with them. The client-bank relationship has to extend beyond credit cards. The bank has to provide all  the essential services that a customer needs.

You want to be able to offer excellent services throughout the entire relationship between a customer and you.

 

Biometrics for Financial Services

This is an excellent option that providers digital transformation and operation efficiencies. With biometric access controls like fingerprints and facial recognition, it can be simple for customers to make payments and perform other services solely through mobile options.

 

Cross-Platform Services

Financial transactions many times cross over to retail, utilities, and even healthcare services. It can be frustrating and slow for clients to have to switch back and forth between apps and other websites. Providing cross-platform services is essential to solve this.

You can do this with embedded payment services. Turn to mobile pay or hybrid wallets to allow your clients easy transactions without having to switch back and forth between sites or apps. The financial services industry will greatly benefit from cross-platform services.

 

Chatbots

Chatbots can save, on average, 4 minutes on every interaction. This makes them a huge asset to any financial services provider.

Chatbots provide the 24/7 interaction that clients expect. Financial markets can also benefit from the quick resolutions to problems that they offer. They maximize the customer experience and can allow for customer feedback, as well.

 

Blockchain

Blockchain can help ensure the safety of customers’ payment transactions. It can also help investment banks with challenges they may face.

Blockchains also ensure data security.

 

Moving Trading Off the Trading Floor

2020 proved that trading does not have to happen on the trading floor. This has opened up opportunities and options. There is now a need to separate financial activities from physical locations.

Zero trust networks can allow for these transactions and are not tied to any location. They still remain secure.

 

Updating Data Systems

When 2020’s shutdown occurred, there were backlogs of loan document processing. It was taking too long to get the loans reviewed and approved.

The data system was too slow to respond to customer needs. It could not provide the real-time information needed. Stronger, faster, and secure technology systems for data are vital for financial institutions.

 

Improve Your Services

You want customers to be satisfied with your business. Financial services can always evolve and you want to be certain you are at the cutting edge of improvements.

Contact us today to revolutionise your business!

 

 

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Don’t miss more articles by The CRM Team

 

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What are the benefits of Microsoft Dynamics 365?

What are the benefits of Microsoft Dynamics 365?

What are the benefits of
Microsoft Dynamics 365?

Nucleus Research found 64 per cent of companies using customer relationship management (CRM) consider it impactful or very impactful on their businesses. Sales teams displayed a 17 percent job satisfaction increase when it was added to their tool arsenals.

CRM technology is vital for your company, but how can you implement it in an efficient and user-friendly manner?

One of the Microsoft products that are making a difference is Microsoft Dynamics 365.

Read on to see how it can impact your company.

What Is Microsoft Dynamics 365?

Microsoft Dynamics 365 makes it easier for mid-market companies to engage with customers, team members, and prospects. It is the only cloud-based option that offers what a company needs in terms of CRM and enterprise resource planning (ERP).

It unifies all of the CRM apps you utilize, making the sales process much simpler and more streamlined. It gives employees the tools they require to improve customer relationships, customer experience, increase productivity and sales.

Since it uses both CRM and ERP technology, it makes communicating internally, as well as with customers, much easier.

Microsoft Dynamics 365 brings digital intelligence to all business processes and can be the digital transformation you want for your company.

Benefits of Microsoft Dynamics 365

If you are considering implementing Microsoft Dynamics 365, it’s important to know what benefits to expect. Let’s dive deeper into what it offers.

 

Easy to Use

Not only is it simple to implement, but you can also use it in the cloud or in a hybrid cloud setting. Microsoft Dynamics 365 has an intuitive user interface that is incredibly clear.

Users can create personalized workspaces that are activity-based. This enables them to manage assets and processes. It is similar enough to Office 365 where users will quickly feel like they know how to use the program. Therefore, reducing the stress of new software implementation.

If your company requires employees to have their own devices, this software is ideal. Employees will be able to access all of their information through its cloud-based functions.

This software comes in many languages and has country-specific functions for more than 50 countries.

 

Integrates with Microsoft Products

Dynamics 365 fully integrates with Office 365, allowing the simple use of Outlook, Power Bi, and SharePoint.

It is quick and efficient to move between apps when you use Microsoft Dynamics 365. You do not have to worry about your employees taking more time to input customer data into other platforms. You also do not have to provide added personnel re-training.

This software will give you the complete picture of your business that you can analyze and improve on.

 

Better Customer Service Experience

Microsoft Dynamics 365 collects a vast amount of data from clients. It can analyze how they interact with certain brands, what kind of websites they visit, and what communities they belong to.

You can expect to receive information on brand loyalty and buying patterns when you use the BI tool. This offers invaluable help for customer service representatives.

With all of this data in their hands, customer service representatives will be able to have personalized interactions with customers. This is beneficial to the client as well as to the business.

 

Built-In Analytics

Microsoft Dynamics 365 has built-in analytic tools and real-time insights. Azure Machine Learning, Cortana Intelligence, and Power BI are all embedded in the software.

Cortana and Azure and their algorithms take descriptive statistics and can use them for predictions on the opportunities your business should take.

With these tools, you can get predictive insights and see hidden trends. The business application of these pieces of data are invaluable.

When you make a decision, you will do it based on accurate data reports. Not only is this better for your business, but it also offers much more responsive customer service.

 

Data Privacy

Data privacy is a growing concern, but it is one less thing you will have to worry about with Microsoft Dynamics 365. Although it is a cloud-based solution, Microsoft Azure offers top-level cybersecurity.

It has disaster recovery and technical support available for twenty-four hours. With physical data centers, service hosting platforms, and network connectivity, you can get the help you need.

 

Save Money

With software that allows you to reduce the sales cycle, you can expect fewer costs. It offers the real-time insights employees need to answer questions and make decisions during the sales process.

Its advanced automation functions also help identify redundancies in resources and processes. This goes a long way to save on costs.

Since Microsoft Dynamics 365 uses the cloud for its functions, you also save money on having to maintain your own servers and hardware.

 

Customization

Dynamics 365 has many built-in workflow tools and modules. They can help you automate functions and tasks across marketing, customer service, field service, sales, and project service.

If you find that the built-in tools are not offering exactly the functions that you need, you can customize them. You can use the customization tools in the program to add new fields and new objects.

You can also expect flexibility in the program’s architecture. There are pricing tiers which allow you to customize the program to your budget and team size.

 

Scalability

Like most other cloud-based Microsoft products, you can change your subscriptions on a monthly basis. When you want to scale up or down, depending on your budget, project, or team size, you can do so with ease. Scalability provides the business intelligence that you need from this type of software.

Improve Your Business

To reduce costs, improve efficiency, and offer the customer service your clients deserve, you want to implement Microsoft Dynamics 365.

Book a demo today to see how it can enhance your business.

Transform your business

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