XU Magazine - Issue 30

Page 84

3

business challenges you can help clients conquer

While it’s yet another year that’s started with uncertainty, many business leaders are hopeful and optimistic. Here’s how you can help clients overcome three common business challenges so they can have that same positive outlook.

I

n the Winter 2022 Fortune/Deloitte CEO Survey, I read that “more than two-thirds of CEOs appear determined to see sunshine on the horizon.” Asked to describe 2022 in one word, they mentioned ‘hopeful’, ‘opportunity’, ‘optimistic’, and ‘recovery’, as well as ‘uncertain’ and ‘challenging’.

This article is

I can totally relate to this twosided outlook, and believe we’re getting better at anticipating and adjusting to disruptions as they happen. This new found flexibility and agility is leading to greater confidence in tackling challenges as they arise. It’s a positive mindset that can help you be hopeful and ready for what’s next, rather than panicked. While a confident mindset is essential to moving business forward, there are practical challenges that need to be addressed every day, especially as teams continue to be in and out of the office. I’d like to discuss three of these challenges that could be affecting your clients (and possibly your own team), and how you can help clients overcome them with WorkflowMax.

Koren Wines, Global General Manager, WorkflowMax at Xero With over 20 years’ transformational leadership experience in the tech space, I’m bringing people together to harness their individual strengths, along with our product, to deliver high impact solutions for our customers. I’m super passionate about business and technology and I love how technology can revolutionise a business and drive purpose, success and change lives for the better.

1. Preventing burnout and scope creep

management software like WorkflowMax, your clients can:

In addition to the importance of team communication, connection and empathetic leadership for creating a healthy workplace, there’s also the need to address the potential for burnout. Many people have extended both their role and hours over the past two years to help their companies get the job done. Add in working from home with family around and the never ending video calls, and it’s easy to see how having the time to truly concentrate on tasks is a luxury most of us don’t have.

• Plan ahead with job scheduling to better forecast capacity • Allocate tasks to each staff member and give them a checklist of to-dos, estimated times and due dates • Schedule tasks so employees have the time to do them well • Accurately track the time staff spend on each task • Share information easily using collaboration tools • Use in-depth reporting to have evidenced-based conversations about the balancing act between performance and wellbeing

These interruptions, combined with project and role scope creep, can leave people feeling fatigued, unmotivated, frustrated and like they’re not doing their best work because they’re stretched too thin.

These features are invaluable for monitoring who’s doing what and how projects are progressing. They also help managers know who’s working over their capacity and who has the time to take on more projects.

Get a better overview of everyone’s time

2. Improving the quality of data and analytics

Scope creep isn’t just related to the pandemic and everyone pitching in. It can be caused by missing details on a project, misunderstandings about employee availability, and the lack of a good feedback process.

An article on CDOTrends.com has stayed in my head for the last little while. It said that “Every year, poor data quality costs organizations an average US$12.9 million. Apart from the immediate impact on revenue, over the long term, poor quality data increases the complexity of data

By implementing job and project

84 / Issue 30

@WorkflowMax

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Articles inside

XERO APP PARTNERS OF THE MONTH

2min
pages 136-137

Updates and new releases from Xero connected apps

4min
pages 138-141

and finally Xero App Launcher

2min
pages 142-144

FOCUS: MENTAL HEALTH

6min
pages 128-131

EVENT Accountex

2min
pages 124-125

CloudPayroll Questions to Ask When Choosing an Online Payroll Provider

4min
pages 126-127

ExpenseOnDemand How disruptive tech solutions are benefitting small business

5min
pages 120-121

EVENTS Accounting Finance Shows

3min
pages 118-119

NEW TO THE XERO MARKETPLACE B2B Wave

2min
pages 112-113

QicWorks Find out why more businesses are moving to QicWorks!

3min
pages 116-117

TUTORIAL ApprovalMax

4min
pages 110-111

UPDATES FROM XERO

10min
pages 104-109

Joiin Cloud finance apps are on the up - The pandemic proved a cloud technology tipping point for many businesses

3min
pages 102-103

HR Partner How to Create a Wellness Program in Your Workplace

5min
pages 96-99

NEW XERO CONNECTED APPS

5min
pages 92-95

CASE STUDY Tidy International

5min
pages 82-83

WorkflowMax 3 business challenges you can help clients conquer

5min
pages 84-85

FuseWorks Digital signing for accountants: When frustration lights a fuse

4min
pages 90-91

Q & A Kolleno

4min
pages 86-87

NEW TO THE XERO MARKETPLACE Comma

4min
pages 78-81

AccountancyManager 10 tips to implementing new software

3min
pages 76-77

INTERVIEW Castaway Forecasting

3min
pages 74-75

Zahara Fundamentals for business finance success in 2022 - An updated guide to the future of finance and automation

5min
pages 72-73

NextMinute Back Costing is Business Fitness

3min
pages 68-71

WorldFirst Find out why every small business accounts team needs an FX risk management strategy

5min
pages 64-65

Spotlight Reporting Selling and Upselling Advisory Services in 3 Steps

4min
pages 58-59

Flagship Reporting Challenges when

3min
pages 66-67

MarketFinance 5 ways that tech is changing accounting

7min
pages 52-57

Annature Digital Signatures and Verified ID - The Secret To Customers And Profits

5min
pages 14-15

Satago Your clients’ least favourite job could actually be a golden ticket

6min
pages 16-19

CASE STUDY ApprovalMax

4min
pages 20-23

AdvanceTrack Outsourcing

8min
pages 36-39

Aider Aider: the Advisory Intelligence Platform for proactive accountants and bookkeepers

5min
pages 40-43

TUTORIAL G-Accon

6min
pages 24-27

INTERVIEW oNesto

5min
pages 34-35

Chaser Chase payments more effectively by supplementing email reminders with text

4min
pages 32-33
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