2022 was another strong year for unicorn creation in Central and Eastern Europe. It saw the rise of eight new unicorns in the wider CEE region, moving the total to 44. Startups with $1B+ valuations included Bulgarian fintech Payhawk, Czech enterprise software company Productboard, and Croatian automaker Rimac Automobili.
Despite the economic downturn, a total of €5.3B VC money flooded in the region, making it one the fastest growing regions for VC funding in Europe.
What is in the cards for 2023? The Recursive scouted for the tech startups to watch in 2023, as they have the biggest chances to become the next unicorns of Central and Eastern Europe.
We selected startups with an estimated valuation between $200-950M, the last funding year being at least 2017, and with headquarters or founding place in Bulgaria, Romania, Greece, Western Balkan countries, The Czech Republic, or Poland. Valuations estimates are provided by Dealroom, unless otherwise indicated.
In 2021, fintech startup Payhawk, which was on our previous soonicorns list, became the first unicorn originating from Bulgaria. Four years after founding, the company raised a $100M round in March 2022, extending its previous historic Series B. Another Bulgarian private tech company rumored to have a valuation of over $1B is SiteGround, the web hosting company founded in 2004. The rest of startups to watch in 2023 follows the candidate list from last year.
Founders: Dilyan Pavlov
Headquarters: Massachusetts, US
Industry: Enterprise Software
Solution: Asset management and reporting software for alternative assets.
Total funding: N/A
Estimated valuation: $900M
Last round: Strategic growth investment in 2021, undisclosed amount
Founders: Krasimir Marinov, Peter Brodsky, Vladimir Tzankov
Headquarters: New York, US
Industry: Enterprise Software
Solution: Data automation technology to improve operational efficiency.
Total funding: $289M
Estimated valuation: $400—600M
Last round: $100M Series E in December 2021
Founders: Ivan Osmak, Jordan Angelov, Radoslav Georgiev, Bo Pedersen
Headquarters: Colorado, US
Industry: Enterprise Software
Solution: A software and services company offering a data-drive OKR platform where companies can track their most important metrics to improve decision making.
Total funding: $160.6M
Estimated valuation: $480—720M
Last round: $120M Series C in December 2021
Founders: Snejina Zacharia
Headquarters: Massachusetts, US
Industry: Financial Services, Insurance
Solution: Virtual insurance platform for auto, home, and life insurance using AI and predictive analytics.
Total funding: $130M
Estimated valuation: $400—600M
Last round: $100M Series B in 2021
Over the years, Romania has produced two unicorns: publicly listed RPA company UiPath, and privately owned blockchain and crypto startup MultiversX (formerly Elrond). Privately owned e-commerce giant eMAG is also valued at over €1B+. Among the potential unicorn startups to watch in 2023, we see the rise of companies aiming to digitize and modernize the financial services system.
Founders: Florin Talpeș
Headquarters: Bucharest, Romania
Solution: Cybersecurity solutions for end users and businesses.
Total funding: $187M
Estimated valuation: $600M
Last round: $180M, secondary market, 2017
Founders: Eduard Oneci, Vasile Burcin
Headquarters: Nicosia, Cyprus
Industry: Fintech, Crypto
Solution: A crypto liquidity platform that enables instant card issuance for purchases at any merchant.
Total funding: $75M
Estimated valuation: $300—450M
Last round: $75M late VC series in November 2022
Founders: Sergiu Negut, Teo Blidarus
Headquarters: London, UK
Industry: Financial services
Solution: Low-code solutions for the digital transformation of the finance industry.
Total funding: $81.3M
Estimated valuation: $281M
Last round: $60M Series B in 2021.
Founders: Chris Turlica, Nick Haase
Headquarters: San Francisco, California
Industry: Enterprise Software
Solution: Tools for preventive maintenance and control of daily business operations.
Total funding: $42.8M
Estimated valuation: $156—234M
Last round: $39M Series B in 2021
So far, the accelerating Greek tech startup ecosystem has produced two unicorns: learning certification company PeopleCert and neobank Viva Wallet, which recently completed its partial acquisition by JP Morgan.
In 2022, automotive leasing company FlexCar made one step further towards becoming the next unicorn company from Greece, after a €210M VC round. An industry fellow company, Spotawheel, joined the ranks with a €100M growth equity round.
Founders: Konstantinos Davaris, George Desyllas
Headquarters: Athens, Greece
Solution: Automotive leasing solutions that make car ownership flexible and minimize advance payments.
Total funding: $326M
Estimated valuation: $924M—1.4B
Last round: €210M late VC round in 2022
Founders: Alex Chatzieleftheriou, Penny Papakonstantinou, Alexis Maragkos, Andreas Nezeriti
Headquarters: New York, US
Industry: Real estate
Solution: Proptech rental company offering a platform for booking flexible stays.
Total funding: $251M
Estimated valuation: $560—840M
Last round: Undisclosed late VC round in November 2022
Founders: Charis Arvanitis, Kiriakos Agadakos
Headquarters: Néa Ionía, Greece
Solution: Dealership platform for used cars.
Total funding: $138M
Estimated valuation: N/A
Last round: €100M growth equity VC stage in April 2022
Founders: Alexis Pantazis, Emilios Markou
Headquarters: Maroussi, Greece
Industry: Financial services
Solution: Offers car, motorcycle, and home insurance solutions.
Total funding: $50.9M
Estimated valuation: $141-211M
Last round: €32M late VC round in 2021
In 2022, Western Balkan countries welcomed a new unicorn – Croatian automotive company Rimac Automobili, after raising a €500M Series D round. Rimac thus became the second company with a >$1B valuation in Croatia after communication software company Infobip.
Other success stories in the region include Serbian gaming company Nordeus’ $378 million acquisition in 2021. Several Croatian and Serbian companies raised further rounds and 2022 and made our list of startups to watch in 2023 for unicorn valuations.
Founders: Aleksandar Čabrilo, Dusan Kosic
Headquarters: California, US; founding location – Serbia
Industry: Enterprise Software
Solution: Consulting, software engineering and digital product development services.
Total funding: $140M
Estimated valuation: N/A
Last round: $140M initial round at the beginning of 2022
Founders: James Isilay, Stjepan Buljat
Headquarters: London, UK; founding location – Croatia
Industry: Enterprise software, Marketing, AI
Solution: Sales intelligence software that uses AI tools to extract sales and recruitment leads from big data.
Total funding: $128M
Estimated valuation: $350—525M
Last round: $87.5M Series C in January 2022
Founders: Deniz Kural, Igor Bogicevic; CEO: William Moss
Headquarters: Massachusetts, US; founding location – Serbia
Solution: Specializes in software and data analytics to drive healthcare research.
Total funding: $113M
Estimated valuation: $250M
Last round: $15M closing of a $30M Series C in 2021
Founders: Davor Tremac, Filip Sturman, Ivan Ivankovic
Headquarters: Dublin, Ireland; founding location – Croatia
Industry: Enterprise software, Fintech
Solution: Solution for tax automation and compliance for companies to streamline the transactional chain.
Total funding: $85M
Estimated valuation: $240—360M
Last round: $60M Series B in July 2022
Founders: Mario Vuksan, Tomislav Peričin
Headquarters: Massachusetts, US; founding location – Croatia
Industry: Enterprise Software
Solution: Threat detection solutions for the software supply chain.
Total funding: $81M
Estimated valuation: $224-336M
Last round: €48M Series B in 2021
Founders: Andrej Bencic, Miljan Tekic, Bogdan Habic, Nebojsa Urosevic
Headquarters: San Francisco, California; founding location – Serbia
Industry: Enterprise software, Fintech
Solution: An Ethereum Developer Platform for real-time monitoring, alerting, debugging, and simulating of smart contracts.
Total funding: $55.3M
Estimated valuation: $250M
Last round: $40M Series B in March 2022
After becoming the first Czech unicorn in 2021, Rohlik Grouo raised a further €220M Series D this year. 2022 also saw the rise of San-Francisco-based Productboard, after it raised a $125 million Series D. The company’s valuation now sits at $1.725 billion. Logistics provider ShipMonk is also estimated to have a valuation of over $1B, after closing a $290M round in 2020. In January 2021 they raised another $65M growth equity VC round and at the beginning of 2022 they acquired competitor Ruby Has Fulfillment. Several companies with valuations over $500M and recent fundraising rounds could become the country’s next unicorns.
Founders: Dr. Ben Maruthappu, Marek Sacha
Headquarters: London, UK
Solution: A digital-first home healthcare company offering care, nursing, telehealth and repeat prescriptions.
Total funding: $303M
Estimated valuation: $686M—1B
Last round: £130M in debt and £130M from VCs in August 2022
Founders: Richard Valtr
Headquarters: Amsterdam, The Netherlands
Industry: Enterprise Software, Travel, Fintech
Solution: A SaaS-based property management system that simplifies hotel operations, from reservations to payments and others.
Total funding: $230M
Estimated valuation: $865M
Last round: $185M Series C round in 2022, one of the largest funding rounds in the Czech Republic in 2022
Founders: Jan Mrazek, Michal Klaus
Headquarters: Toronto, Canada
Industry: Enterprise Software, Deep tech
Solution: A software company that specializes in solutions for data quality, master data management, and data governance.
Total funding: ~$152M
Estimated valuation: $550M
Last round: $150M growth equity VC in 2022, one of the largest funding rounds in the Czech Republic in 2022
Founders: Tomas Gogar, Petr Baudis, Tomas Tunys
Headquarters: London, UK
Industry: Enterprise Software, Legal, AI
Solution: A cloud document gateway for automated business communication using AI.
Total funding: $106M
Estimated valuation: $400—600M
Last round: $100M Series A in October 2021
Founders: Marcin Cichon, Martin Dr. Wricke
Headquarters: Pfaffenhofen, Germany
Industry: Enterprise Software, Marketing
Solution: A provider of full suite price management and CPQ SaaS solutions.
Total funding: $126M
Estimated valuation: $260—390M
Last round: $65M Series C in 2020
Founders: Tomas Kratky
Headquarters: New York City, NY
Industry: Enterprise Software, Big Data
Solution: Offers a central hub of all data flows in the organization.
Total funding: $52.5M
Estimated valuation: $140—210M
Last round: Late VC round in December 2022, following a Series B of $35M in May 2022, one of the largest funding rounds in the Czech Republic in 2022
Founders: Jiri Kobelka, Samuel Sramko
Headquarters: Miami, Florida
Industry: Fintech, Web3
Solution: Empowers web 3.0 developers to build apps fast.
Total funding: $41.7M
Estimated valuation: $166—249M
Last round: An early VC stage round of $41.5M in October 2022, one of the largest funding rounds in the Czech Republic in 2022
Founders: Michal Mensik
Headquarters: Prague, Czech Republic
Industry: Logistics, Transportation
Solution: Delivery solutions for businesses of any kind.
Total funding: $66M
Estimated valuation: $264—396M
Last round: €60M Series B in May 2022, one of the largest funding rounds in the Czech Republic in 2022
The Polish startup ecosystem has vast tech talent and a growing pool of VC funding, key ingredients for breeding future unicorns. So far, healthcare startup DocPlanner is the country’s sole official unicorn. Another private tech company valued at over $1B is e-commerce player Modivo (formerly eobuwie.pl). 2022 saw several Series B to Series D funding rounds, bringing new contenders to the unicorn status.
Founders: Rafał Modrzewski, Pekka Laurila
Headquarters: Helsinki, Finland
Industry: Space tech
Solution: Micro-satellites for the capture of images from space. A spin-off from Aalto University.
Total funding: $302M
Estimated valuation: $544—816M
Last round: $136M Series D in February 2022
Founders: Michał Borkowski, Tomasz Kraus, Łukasz Haluch
Headquarters: Krakow, Poland
Solution: The world’s largest peer-to-peer learning community for students, parents and teachers.
Total funding: $152M
Estimated valuation: $320—480M
Last round: $80M Series D in 2020
Founders: Piotr Pisarz
Headquarters: London, UK
Solution: A revenue-based finance provider, which allows founders to raise growth capital without giving up control of their business.
Total funding: $117M
Estimated valuation: $320—480M
Last round: Support program from Tech Nation and a Series B of $80M in 2021
Founders: Konrad Howard, Stefan Batory
Headquarters: San Francisco, California
Industry: SaaS, e-commerce
Solution: A beauty marketplace for finding, scheduling, and managing appointments, enabled by a SaaS mobile app.
Total funding: €148M
Estimated valuation: €255—382M
Last round: $70M Series C in January 2021
Founders: Przemek Kowalczyk, Szymon Sypniewicz
Headquarters: London, UK
Industry: Fintech, Web 3.0
Solution: A non-custodial fiat-crypto exchange infrastructure that makes it easy for users to jump on and off of Web3 from anywhere.
Total funding: €123M
Estimated valuation: €255—382M
Last round: $70M Series B in November 2022
Founders: Wojtek Sadowski, Patryk Kabaj, Konrad Kwiatkowski, Arkadiusz Wasilonek
Headquarters: Warsaw, Poland
Industry: Packaging, Retail
Solution: Online marketplace that simplifies ordering and management of branded packaging.
Total funding: $56.3M
Estimated valuation: $176—264M
Last round: €40M Series B in 2021
Founders: Martin Markiewicz, Julia Markiewicz
Headquarters: Singapore, Singapore
Industry: Fintech, AI, Legal
Solution: Explainable AI that enables you to solve more screening alerts in less time and with greater accuracy
Total funding: $55M
Estimated valuation: $160—240M
Last round: $40M Series B in March 2022
Over 1 million people from all over the world have learned about the tech ecosystem in Central and Eastern Europe thanks to The Recursive. In order to keep our content free for everyone, we need your help. If you believe what we do is important and have the means to do so, support us in giving a voice to Central and Eastern Europe with as little as €7. Thank you!
Every single contribution of yours helps us guarantee our independence and sustainable future. With your financial support, we can keep on providing constructive reporting on the developments in the region, give even more global visibility to our ecosystem, and educate the next generation of innovation journalists and content creators.
Find out more about how your donation could help us shape the story of the SEE entrepreneurial ecosystem!
You can also support The Recursive’s mission with a pick-any-amount, one-time donation. 👍
Address: Sofia 1504, 6 Shipka Str.
For news stories, reach out to: [email protected]
For content marketing partnerships: [email protected]
© 2020 – 2022 – Recurisve Media JSC | All rights reserved Web Development by Vipe Studio – WordPress Agency
Enter your email address to instantly generate a PDF of this article.
Whether you’re a freelancer or supervise small teams for enterprise-level companies, project management tools are a must if you want to stay efficient and organized. Today, two apps that dominate the project management workspace are Trello and Asana. Both are industry-leading applications used by both startups and Fortune 100 companies for team collaboration, and they each feature free versions that you can start using right now.
Yet, the two have critical differences in functionality, integrations, workflow, pricing, and features.
At a glance, Trello is the go-to platform if your primary project management tool is a kanban board, as that’s what it undoubtedly does best. Its kanban board is highly user-friendly, and you can add other functionalities to Trello through power-ups.
If you’re after more features and flexibility, you may prefer Asana.
Why is that?
It’s because Asana lets you break down projects into specific categories and groups of tasks with particular assignees. Other features include Gantt charts (starting with the Business Plan), subtasks, and customizable dashboards.
Asana also has kanban-style planning, but it’s not as robust as Trello.
However, neither application can do everything, so it’s crucial to familiarize yourself with both to determine which is best for you. That’s why I’m pitting Trello vs. Asana in a detailed breakdown of each platform’s features, pricing, and support.
If you’ve never used any project management apps before, you may not know anything about Asana or Trello. Both offer project management solutions for freelancers and companies, but the key difference lies in the features they focus on. In particular, Trello relies heavily on its kanban board for work management.
What’s a kanban board?
It’s a visualization tool that uses cards to represent tasks (along with due dates for each card), columns to represent workflow stages, and swimlanes to represent different teams and activities. A kanban board is one of the most effective ways to monitor progress on a project due to its simplicity, and it’s what Trello focuses on the most.
Asana, on the other hand, also features a kanban board, but it’s not the main focus of the application. Instead, Asana has more robust features for task management, including lots of customizability.
With Asana, users can assign individual tasks to assignees in a feature, story, or project. There’s also a calendar view and a to-do list for each team member containing their current tasks (as well as their deadlines).
In short, Asana works better for more complex projects requiring lots of teamwork, while Trello excels at more straightforward tasks. As such, which app you choose will depend heavily on the scope of your project.
Due to its simplicity, Trello is excellent for freelancers wanting to keep track of a few daily assignments. It’s also an excellent tool for smaller teams that don’t want to spend much time dealing with a steep learning curve.
That’s because the Trello board view is so user-friendly and simplistic that anyone can learn how to use it without needing tutorials.
If you’d prefer to hit the ground running on a new project instead of learning the ins and outs of Asana’s more robust features, Trello is an excellent option. It’s also free to use (as long as you don’t add any power-ups), making it even more appealing to freelancers and small businesses.
Yet, if your work is a bit more complex and involves many moving parts, Asana may be the better choice.
If you’re juggling managing a ton of tasks and projects at once, Asana can help you keep track of it all. Compared to Trello, Asana can do much more with task dependencies.
What are those?
In project management, task dependencies refer to the specific order in which certain tasks must be completed.
An example would be specifying that a blog article cannot proceed to the publishing phase until editing/image creation is complete. Another example is stating that electrical work can’t begin until the drywall installation is done.
With Asana, you can easily add dependencies to any task, which is a definite plus. That way, you won’t have to worry about certain phases of the project getting done out of order.
That’s why many large companies choose Asana over Trello due to the wide variety of features and customizable options.
Now it’s time to take a closer look at the core features of both applications to determine which suits your needs better.
Right off the bat, it’s crucial to note that Asana offers more features out of the two by default. While it’s possible to add more capabilities to Trello, they involve power-ups (either by Trello or a third party), and these tend to be hit-and-miss.
Trello’s key features
As stated previously, Trello’s interface revolves around its kanban-style features, which consist of:
Boards. Trello’s kanban board is where every project lives. They keep all your tasks organized along each stage of the project, from ‘things to do’ to ‘completed tasks.’ The boards are highly visual in nature and are easy to read, even if you’ve never used a kanban board before.
Lists. Each board will also have a list view, which represents the stages of each project. These include to-do, doing, and done — but you can also create custom fields. That way, if your project has unique stages, you can edit the list to reflect them.
Cards. Lastly, the cards on each board represent individual tasks. Each card contains all the information that a team member needs to get the job done, including the due date and any special requirements. To visualize progress on each task, you move the cards through each stage (to-do, doing, done).
As you can see, Trello provides an extremely straightforward approach to project management that’s effortless to pick up and use.
Each Trello card contains tons of helpful information, including:
Members. These are the assignees for each task, letting you know who’s in charge of completing what at all times.
Due dates. Keep your team members motivated and on track by including clear deadlines for every Trello card.
Attachments. This is a convenient feature, as it lets you attach anything to the card as you would to an email. That way, your team will have all the files, resources, and attachments they need to get the job done straight from Trello.
Checklists. This feature allows you to break tasks into smaller ones on Trello. You can provide a checklist for each card containing all the stages to completion. That will enable you to monitor progress in real-time, which comes in handy.
Besides these core features, Trello also boasts some impressive integrations, including:
These integrations make tracking your team’s progress effortless without having to change any of your regular tools. For instance, if your team regularly uses Salesforce, integrating it with Trello will allow you to send info easily between the two.
If you’re a fan of Trello’s simple visual style but want more features, you can opt for its power-ups. These are integrations that come from both Trello and third-party developers.
For this reason, Trello’s power-ups can vary in quality, sometimes drastically. On average, the power-ups provided by Trello tend to be the most reliable and high-quality. Third-party power-ups are more of a risk, but that doesn’t mean that all of them are bad.
It just means that it can be tough to tell if a power-up will be worth it or not, which is a risk you won’t have to take with Asana.
With that said, here’s a look at some of the most popular power-ups you can add to Trello.
Calendar. The most downloaded Trello power-up is Calendar, an app that places all your active projects on one central calendar. That makes it easy to identify projects and tasks that are falling behind schedule so you can get them back on track. The Calendar app also incorporates color-coded organization to Trello cards, and you can export your calendar to integrate with other third-party apps.
Board Sync. Another popular power-up is Board Sync, which lets you sync projects together (including all cards, lists, and boards).
Crmble. Do you wish your project management software could double as a CRM (customer relationship management)? If so, Crmble is the power-up for you. It’s an easy-to-use CRM that you can use straight from Trello, which means you never have to leave the app to manage customer relations.
Plenty of other power-ups are available, including Google Drive integrations and Gantt charts.
It’s crucial to note that not every Trello power-up is free. Some are, but a majority are considered premium power-ups and require an additional fee. Considering this, Asana has the advantage here as all its features come by default without the need to spend money on add-ons.
Instead of a kanban board, Asana centers around its patented Asana Work Graph® model. It uses a series of graphs, boards, and calendars to visualize your work projects, your team, and the people doing the work.
In particular, Asana represents your work timeline as a graph that’s filled with all your tasks.
You can assign each task to an assignee — as they have their own dashboard. There, they can see their assigned tasks, the deadline, and lots of other information about the project.
You can include attachments and hotlinks in each task description to ensure your team has everything they need to complete the project.
The timeline view is completely adjustable and uses drag-and-drop controls, so you’re able to make tweaks to it on the fly (such as for unexpected setbacks or getting ahead of schedule). You can use these timelines to streamline marketing campaigns, event planning, product launches, and more.
Other features include:
Convert spreadsheets into Asana timelines. A highly useful feature (especially if you’re migrating from using Excel as your project management tool) is importing a CSV file and converting it automatically into an Asana timeline. That way, you can quit using cumbersome spreadsheets without having to input them into Asana manually.
Powerful automation tools. With Asana, you can automate much of the busy work involved with project management. You can automatically direct new tasks to the right project, auto-assign teammates, automate due dates, and more.
Built-in calendar view. Unlike Trello, Asana comes with a calendar view that you can use without downloading an add-on. Its visualization tools make it easy to identify gaps and overlaps in your schedule, which is a plus.
Like Trello, Asana can integrate with many third-party applications and tools, including:
Microsoft Office 365
Adobe Creative Cloud
To see a complete list of apps Asana can integrate with, click here.
Asana has so many valuable and customizable features that it easily wins this matchup. Yet, if simplicity is what you value above all else, you may prefer Trello.
Now it’s time to compare Trello vs. Asana in terms of pricing. First, I’ll start by comparing Trello and Asana’s free plans.
In this regard, Asana is the winner. That’s because you get a lot more features from its free plan than you do from Trello (once again, power-ups are what’s holding it back).
With Asana’s free plan, you get the following:
A list view
A kanban board
Unlimited cloud storage
With Trello’s free plan, you get:
A kanban board
Unlimited cloud storage
As you can see, you get unlimited projects with Asana’s free plan (Trello limits you to 10), as well as a handful of other features missing from Trello.
Here’s a look at Trello’s paid plans:
Standard plan. Tello’s first paid option is the Standard plan, which is $6 per month or $60 annually ($5 per month). The pay is on a per-user basis, so you’ll need to pay for additional users. With the Standard plan, you get unlimited boards, advanced checklists, custom fields, single-board guests, 1,000 workspace command runs each month, and saved searches.
Premium plan. Next up is the Premium plan, which is $12.50 per month or $120 annually ($10 per month). New features include unlimited workspace command runs, table, and calendar workspace views, workspace-level templates, collections, observers, and priority support.
Enterprise plan. Lastly, the Enterprise plan runs $17.50 per month, or $210 annually (still $17.50). Exclusive features for this plan include unlimited workspaces, organization-wide permissions, multi-board guests, attachment permissions, and free SSO and user provisioning.
Realistically, there isn’t much use for the Premium or Enterprise plans for most users. If you’re a freelancer or small team using Trello, 9 times out of 10, the Standard plan or free plan will suffice.
Asana’s pricing structure looks like this:
Premium plan. Above the free plan is the Premium plan, which costs $13.49 per month or $131.88 annually ($10.99 per month). Exclusive features include unlimited essentials, four project views, automated workflows, reporting, community support, and scaled security.
Business plan. Next up is the Business plan, which is $30.49 per month or $299.88 annually ($24.99 per month). Features include advanced workflows and advanced reporting.
Enterprise plan. Like Trello, Asana also has an Enterprise plan. Yet, it’s not a standard plan and requires you to contact their sales department to learn more. This plan is for larger companies that need more visibility, control, and support than Asana’s Premium and Business plans.
As you can see, Asana’s plans are a bit pricier than Trello, but they tend to offer more functionality, especially the Premium plan.
Lastly, let’s compare how both applications handle customer support. After all, if nobody is around to answer your questions, why even bother downloading the app? Here’s a look at the support options for both platforms.
In this category, Trello is the clear winner by a long shot.
Why is that?
It’s because Trello has a far more robust and active customer support system in place. Should you have a question, you can get an answer relatively quickly through live chat or over the phone.
On the other hand, Asana places almost all its support focus on its knowledge base, which consists of guides and tutorials. Should you have questions, you can contact support, but they tend to reply slower than Trello.
By now, we’ve looked at Trello vs. Asana in terms of features, pricing, and support – so it’s time to look at the judge’s scorecards for a final verdict.
Let’s tally it up:
While both applications are project management powerhouses, Asana takes the win by a split decision. It’s a more robust and customizable tool than Trello, which is why it gets the nod. Yet, Trello remains the ideal app if kanban boards are your thing and your projects aren’t too complex.
Instantly access free expert advice, management strategies and real-life examples of workplace success.
October 11, 2022 07:00 ET | Source: Market Research Future Market Research Future
New York, New York, UNITED STATES
New York, US, Oct. 11, 2022 (GLOBE NEWSWIRE) — According to Market Research Future (MRFR),”Global Pharma Knowledge Management Software Market, By Software, By Deployment Type, By End-Users – Forecast 2030”, the global market is poised to touch USD 5.15 billion by 2030, registering an 18.2% CAGR throughout the assessment period (2020 -2030).
Pharma Knowledge Management Software Market Overview
Using pharma knowledge management software helps optimize manufacturing processes in real time. With the growing competition among pharma companies, knowledge management software is becoming increasingly critical to efficient and compliant product development. Rapid digitization and the use of advanced technologies & processes across pharmaceutical companies impact market growth positively.
Top Key Players leading the global pharma knowledge management software market are,
Get Free Sample PDF Brochure:
Pharma knowledge management software features document management solutions for effective & collaborative workspaces connected through the internet and networked systems. It allows sharing of ideas, experience, and knowledge among team members, contractors, and associates. Over recent years, knowledge management solutions have become crucial for pharma companies to share scientific data and other R&D information securely. Pharma companies are boosting investments to deploy sophisticated knowledge management tools to enhance, retain, and transfer knowledge extracted from their R&D.
The global pharma knowledge management software market is expected to gain significant traction in the next few years. The growing demand for robust knowledge management platforms from pharma companies worldwide is a critical driving force. Besides, the spurring rise in healthcare and pharmaceutical industries boosts the market size. Pharmaceutical firms worldwide are increasingly embracing automation.
Today, most pharmaceutical companies and research institutes use these systems to protect the knowledge extracted from their R&D activities and manufacturing professionals during information sharing among various departments across the organization and partnering companies. With the rising demand for these solutions to increase productivity and improve the engagement & performance of employees, the market is projected to perceive significant growth over the past few years.
business continuity, eliminating commute times, expanding the talent pool, and encouraging diversity.
Pharma Knowledge Management Software Market Report Scope:
Browse In-depth Market Research Report (100 Pages) on Pharma Knowledge Management Software Market:
Pharmaceutical and biotech companies need to handle large amounts of complex data extracted from their R&D processes and specialized researchers. The knowledge management system also helps salespersons with accurate information when pitching a specific drug and collects & stores the feedback and data accessed from physicians. AI-powered pharma knowledge management solutions are trending.
The pharma industry is vulnerable to cyber-attacks due to the involvement of vast innovations, massive R&D investments, and intellectual property on patient health data. The risk of intellectual data theft is significantly higher in pharma and biotech companies. Resultantly, the pharma industry is rapidly turning to knowledge management software to securely manage and share their critical data within the organization and with partnering companies during mergers & acquisitions and licensing deals.
Pharma research and drug development processes are extensively complex and require multiple clinical trials. Therefore, drug development companies need a robust system that can help them recognize unusual patterns in vast clinical trial data and ensure no critical information is overlooked. Pharma companies are increasingly adopting AI-powered knowledge management solutions to enhance their research processes.
Pharma Knowledge Management Software Market Segments
The pharma knowledge management software market report is segmented into software/solutions, deployment types, end-users, and regions. The software segment is sub-segmented into iOS, Android, Windows, and many others. The deployment type segment is sub-segmented into hybrid, cloud, and on-premise.
The end-user segment is sub-segmented into environmental biotechnology, animal biotechnology, medical biotechnology, forensics biotechnology, agricultural biotechnology, academics, and others. The region segment is sub-segmented into the APAC, Americas, MEA, Europe, and rest-of-the-world.
Ask for Discount:
Pharma Knowledge Management Software Market Regional Analysis
North America dominates the global pharma knowledge management software market. The growing adoption of pharma knowledge management software across pharma enterprises drives the pharma knowledge management software market growth. Besides, the early uptake of knowledge management systems in pharma companies of all sizes boosts the market size, supporting interaction & information sharing among scientists and pharma researchers.
The rapidly growing competition and vast demand for multi-disciplined processes among pharma firms in this region escalate the market demand. The growing need for integrating and delivering external & internal scientific data for decision-making and attaining organizational goals influences the market size. Additionally, increasing R&D investments in developing other related technologies, cloud solutions, and economic growth accelerates pharma knowledge management software market revenues.
Pharma Knowledge Management Software Market Competitive Advantage
The global pharma knowledge management software market appears highly competitive due to several notable players forming a competitive landscape. Industry players initiate strategic approaches such as mergers & acquisitions, collaborations, expansions, and technology/product launches to gain a larger competitive share.
Also, they make significant investments to drive research & development activities and expansion plans. Technology providers employ continuous improvement strategies to analyze product updates, implement improvements, and launch new technologies to meet the changing consumer needs.
Software developers are increasingly collaborating with biopharma manufacturing to develop automation technologies. Such deals strengthen their position as crucial software & solutions providers. Pharma companies developing biologics, small molecule, and new drug modalities create significant market demand for well-developed knowledge management software to optimize biopharma manufacturing processes in real-time.
Ask To Expert:
For instance, on Sept. 29, 2022, TetraScience, a leading scientific data cloud company, announced a partnership with Scilligence, an industry leader in unified informatics solutions for small molecules and biologics, to enable its customers to access the Tetra Scientific Data Cloud to accelerate productivity and scientific outcomes. Scilligence is committed to helping customers use their scientific data more effectively.
Its proprietary technologies address three main areas of Life Science informatics needs, including knowledge management and collaboration. TetraScience primarily transforms the way scientific data is used, making it actionable and available for advanced analytics. The partnership will enable TetraScience to help customers gain operational efficiencies, more powerful insights, and better outcomes across the pharma value chain, leveraging the value of all their scientific data.
Knowledge Management Software Market Research Report: Information By Type, By Deployment Type, By Organization size By End User and Region—Forecast Till 2030
Clinical Practice Management Software Market Information, By Mode Of Delivery, End User – Forecast Till 2030
Healthcare Revenue Cycle Management Market Research Report, By Type, By Component, By Deployment and By End-user – Global Forecast till 2027
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Follow Us: LinkedIn | Twitter
Remote work has become increasingly common in the past few years, but with it comes the challenge of keeping remote teams connected and ensuring everyone is on the same page. Fortunately, various tech tools are now available to ensure that online collaboration is engaging and interactive. Let’s take a look at some of the best ones out there.
Messaging platforms like Slack and Microsoft Teams are great for sending quick, real-time messages to your team. Both allow users to create various channels, making organizing conversations and staying on top of any project updates easier. These tools also offer video conferencing and file-sharing capabilities, making it easier to keep everyone in the loop. These platforms also offer integration with other software, such as Google Drive and Asana.
Teams that need more powerful collaboration capabilities should look into Zoom. This platform offers features like private chat rooms and virtual whiteboards, making it easier for multiple people to work together on the same project. They also provide breakout rooms for smaller group discussions and screen-sharing capabilities.
Sometimes, the best way to collaborate is with a hands-on approach. Remote access software can make this possible even when team members work from different locations. TeamViewer and AnyDesk are two of the most popular tools out there, offering secure remote connection capabilities that allow users to collaborate on projects easily. Their remote desktop apps allow users to share files, chat and even view each other’s screens while they work.
Collaborators can use these desktop-sharing tools to access software and resources only available on specific computers, making it easier to get the job done. Some of these platforms offer additional services, such as online meetings and remote printing. They’re great for teams with members located in different parts of the world.
Many project management tools offer collaboration features that make it easier to stay organized and keep everyone on the same page. Asana is one of the most popular platforms out there, offering features like task lists and to-do’s that can help teams stay on top of their goals. It also offers file-sharing capabilities and a communication center where team members can discuss their progress.
Trello is another popular platform, offering project boards that make it easy to visualize progress and assign tasks. There’s also a commenting system so team members can provide real-time feedback and updates. And its integration with Slack is perfect for teams that use both platforms. Users can send messages and project updates via Slack without switching between different tools.
Document collaboration tools are essential for teams that need to work on documents together. Google Docs and Microsoft Word Online offer easy-to-use features that allow multiple people to work on documents simultaneously. They also include real-time commenting and messaging capabilities, so that team members can provide feedback without waiting for someone to respond.
These platforms can also be used for document storage, making it easier for teams to access documents from anywhere in the world. This can be especially helpful for virtual teams, as it allows them to access the same files without transferring them between different devices. Even better, these tools offer version control capabilities that help teams keep track of any changes to the document.
Wiki software is a great way for teams to share information in an organized and secure way. It can also be used for collaboration, as users can quickly create and edit wiki pages to keep everyone up-to-date. Compared to document collaboration tools, wiki software often offers more features and functionality by providing version control, user permissions, and the ability to link pages.
MediaWiki is one of the most popular wiki platforms out there. It’s free, open-source, and has a user-friendly interface that makes creating and editing pages easy. Its powerful search engine also lets users quickly find the information they’re looking for. Plenty of third-party extensions add additional features and functionality to the platform, making it even more powerful.
Remote work isn’t always easy, but having the right tools makes all the difference in staying productive and connected with your teammates while working from home. Always make sure to do your research and find the tools that best fit your team’s needs. With the right online collaboration tools, your remote team can be just as productive and efficient as if they were all in the same office. Remember, collaboration starts with communication, and having the right tools can help you stay connected no matter where your team is located.
Copyright © 2020 Carousel News | All Rights Reserved.
Document management software is an important tool for any business. Depending on the service, it can help save time, increase data security, ensure regulatory compliance and improve collaboration. To help you find the best document management software for your business, we assessed various document management services on the market. We considered features like security, mobile functionality, usability, document sharing and collaboration and version control. We also analyzed different prices and payment options and compared cloud-based to on-premise software to determine which is best for your business.
Rubex by eFileCabinet Online is a cloud-based solution that allows remote employees to log in from any computer with internet access and have the same functionality as they would have when working from the office. We previously selected Rubex by eFileCabinet as the best document management system for businesses with a remote workforce.
Editor’s Score: 97/100
We liked that Rubex offers a sophisticated mobile app that provides access to every stored file, unlike some of the other document management software we reviewed. The system uses a traditional cabinet-folder filing structure and provides several ways to search for documents. Rubex by eFileCabinet Online is available in three pricing plans, which vary in features and storage.
M-Files is a comprehensive document management system with an intuitive and easy-to-learn interface. M-Files contains numerous tools that we found helpful for organizing documents seamlessly, digitizing large volumes of physical papers and automating workflow processes. For example, we loved the automatic metadata suggestions DocuWare offers as well as its version control features, which simplify the storage and retrieval process.
Editor’s Score: 94/100
M-Files can also integrate with Parashift, a deep-tech company that specializes in ML document retrieval, so you can accelerate and simplify your document management processes further. Instead of classifying documents and reading data manually, you can process a wide variety of structured, semi-structured and unstructured documents automatically. It’s also a versatile system that can serve a variety of industries, such as accounting, business consulting, construction, engineering, energy, financial services, manufacturing, professional services and real estate.
For businesses that use many different types of software, DocuWare may be the best choice for a document management solution. Integration helps support consistency and organization and offers real-time updated data. This kind of automation ensures that the team’s valuable time is spent on projects that matter rather than day-to-day tasks.
Editor’s Score: 96/100
DocuWare can integrate with over 500 different applications, ensuring that no matter the industry, you can keep track of your documents automatically while maintaining work output. We found DocuWare’s support for different methodologies of integration especially useful, from deep API-based integrations to simple point-and-click integrations. We also liked that DocuWare offers dedicated connectors for SAP, Outlook and other leading software platforms.
Those looking for scalable document management software should consider FileHold. With several pricing tiers and room to add or subtract users, we found FileHold flexible enough to support the needs of businesses of any size. Those looking to add specific features to their document management systems can do so with FileHold, choosing between standard, optional or custom features. Interested customers can sign up for a 30-day free trial to test its various features before making a final decision.
Editor’s Score: 94/100
FileHold also offers FileHold Cloud, allowing teams to upload documents remotely and work from anywhere in the world where there’s an internet connection. This service supports remote teams and collaboration, ultimately saving time and money. We especially liked this feature given the remote or hybrid nature of many teams in the modern business environment.
DocuPhase offers teams a document management solution that supports productivity and helps team members stay on-task. We found this cloud-based system to be very customizable — your team will be invited to try a curated demo before purchasing the software and pricing is based on factors specific to your team. We liked the level of attention DocuPhase pays to your unique needs since every business is different.
Editor’s Score: 92/100
DocuPhase has a lot of standout tools and features that help teams stay organized and productive. Auto-indexing technology allows team members to preset tags and sort incoming files automatically using artificial intelligence, a feature we found particularly useful and uncommon among other document management software. Advanced search functions help teams quickly find information, facilitating simple document retrieval. Automatic file routing shares information with the appropriate people and ensures that documents don’t get lost in the shuffle. We found these tools to be helpful in boosting productivity and reducing the time it takes for a user to accomplish tasks within the system.
isoTracker provides the best customer support out of all the document management software providers we reviewed. Interested customers are connected with a live agent via chat once they access the website. Then, under the “contact” page, customers have the option to either call a customer service representative or fill in a contact form where there is room to describe either a question or a problem. We liked how quickly this process connects you with a representative and found each interaction with an isoTracker team member to be helpful and supportive.
Editor’s Score: 85/100
Another very customer-friendly feature we liked can be found on the pricing page. While prices aren’t explicitly listed, customers are able to fill in key information about their document management needs to get an estimated price, even before connecting with an agent. This allows prospective customers to compare prices per user, storage and other features outlined on the website. Using this tool, you can know ahead of time whether isoTracker will suit your needs and budget.
The most secure solution on the list belongs to Canon USA, a company that may be more well-known for its cameras. However, Canon provides a top-tier document management system as well, ensuring that documents remain protected. We liked its robust array of security features, many of which are customizable and can be designed to fit the needs of your team.
Editor’s Score: 83/100
Our favorite feature that Canon provides is its Cloud Remote Monitoring, which can help track devices in real time and ensure they’re being used by authorized personnel. Additionally, there are many built-in security solutions that help protect your documents. Using the imageRUNNER ADVANCE DX platform guarantees your data’s confidentiality, accessibility and availability. There are also many optional authentication features that can be used as an added level of security, which we found increasingly important in the age of remote work.
The Kyocera Cloud Information Manager offers unique features that help your team stay on-task and save time wasted on tedious tasks. We believe it’s best for automation because of all the simple and advanced features the software has to offer. One of our favorites is its ability to analyze documents using OCR and extract keywords to help label documents with one click. This tool streamlines the process of uploading and organizing documents, reducing the work needed by the user.
Editor’s Score: 82/100
We also liked that the Kyocera Cloud Information Manager offers one-click indexing too, saving time when searching for requested documents. Documents can stay organized easily using the “drag and drop” function to immediately get scanned documents onto the web. These automation tools help save time and boost productivity in a way few other solutions we reviewed could.
Dropbox offers great solutions for those looking for document management software, whether you’re a solopreneur or a large team. It may be one of the more common document management solutions because of its free plan option, but it is also well-known for its mobility, allowing remote team members to work seamlessly in the system. We liked that Dropbox offers these capabilities with its free version as well, giving small teams and bootstrapped startups an accessible document management solution.
Editor’s Score: 87/100
Dropbox makes moving documents around simple and saves time when doing so. Users are able to complete an eSignature with the click of a button or request an email signature from someone else. We especially liked that Dropbox can also be used anywhere, so teams that work remotely can connect and search for documents as if they were working in the office. When working remotely, Dropbox offers mobile offline folders. We also liked that it comes with the option of a remote account wipe, which can help you remove sensitive data from a lost or stolen device before it falls into the wrong hands. Whether your team is often on-the-move or the documents you work with are, Dropbox’s mobility features will help your team stay on-task.
Document management software can vary widely in pricing and cost structure. The first and perhaps most important factor in the cost of your document management system is whether you select a cloud-based or on-premises version.
Cloud-based software takes the infrastructure maintenance and burden of security off your business and places it with a third-party company. While this reduces the expense and challenge of managing it in-house, you’ll just have to trust that the company is handling your data properly. Cloud-based software is typically paid for on a subscription basis. For most document management software, this could range from $15 to $200 per month per user, depending on the complexity of the solution you choose.
On-premises versions of document management software require your own servers and, generally, a dedicated information technology staff for maintenance. Your business is wholly responsible for the security of your data, but this also means you have full control over your own data. With on-premises solutions, you generally have to purchase a license for each user. Each license can cost $1,000 or more, but it is a one-time fee. However, on-premises solutions typically charge an additional fee for technical support and software updates after the first year, which is usually about 20 percent of the initial licensing cost.
For small businesses looking for software that is easy to manage and not a large overhead expense, we recommend a cloud-based solution. However, make sure your provider adheres to the best cybersecurity practices to protect your data.
The actual price for document management software varies by company. Systems with more complex features tend to cost more while costs for basic document management software without extra features (such as task management tools and workflow automation functions) can be pretty low. Also, the more users you add to a cloud-based system, the higher the monthly subscription price will be.
Key takeaway: Cloud-based document management software typically costs between $15 and $200 per user, per month. The price varies on how many features and tools you want access to.
While all document management systems digitize and organize documents, making them easy to retrieve and revise for users with permission, many other features might be built into your document management software. Here’s a look at some of the tools and aspects you might want to consider when choosing a document management system.
One of the most important elements of any software is usability. It could offer all the features in the world, but they won’t do you any good if the system isn’t user-friendly. Many document management systems offer free trials that allow you to test them before buying. If possible, allow your team to try out the software during the free trial period and offer their feedback on what they like and dislike about it. Since everyone has to use the system, be sure all stakeholders get the opportunity to test it out and provide insight about their experience before buying.
While the primary function of a document management system is to digitize and organize files, most modern software also allows users to share files and collaborate on editing them. Some document management software allows users to edit a document simultaneously while others rely on a check-in/checkout feature that guarantees only one user can work on a document at a time. Others offer both options. Determine which is best for your team’s workflow and the types of documents you collaborate on together.
Version control, sometimes referred to as “versioning,” is a critical feature of document management software that lets you keep track of changes to a document. The best document management software even maintains an archive of old versions, letting you see how documents have changed over time and revert to an old version if needed. This is especially important when collaborating to edit documents as human error could result in important information being altered or deleted. With version control, you can revert to an old version of the document and recover any lost information easily.
Image scanning and OCR are useful features for businesses that have a lot of paper records they would like to digitize. Scanning is the first step in turning a paper record into a digital file that can be imported into the software. OCR is a more advanced feature, but it’s a necessity for streamlining large digitization projects. OCR reads the text of an image and makes the content of the image searchable. The best document management systems use OCR to fill out metadata automatically and make it even easier to search for the document later.
Document management software is often home to files that require a manager’s signature, such as purchase orders (POs). Many document management systems integrate with an e-signature tool, such as DocuSign, to allow electronic signatures. You can often send a document to a recipient with a request for their signature through the software. This can improve efficiency when it comes to getting clients to sign important documents or when onboarding new employees to the company, helping you to sign and store files in one central location.
Workflow automation features move tasks along automatically. Take a PO workflow as an example: You could set up workflow automation so that once a PO is generated, it goes to the appropriate manager automatically for their signature. The manager will receive a notification, and when the task is complete, the next relevant team member, such as someone in the accounting department or the manager’s supervisor, will be notified. If more action is necessary, you might be able to build that into the automated workflow as well. The best document management systems allow you to customize workflows to suit the way your teams work together.
Tip: Automated workflows can help streamline your business processes and maintain legal compliance.
An essential element of document management software is the ability for administrators to set individual user permissions. Permissions allow certain users to view or edit files while others can be prevented from even seeing those documents in the system. Not only is this useful for efficiency purposes, but it is also an important security measure. The best document management software allows administrators to set permissions by specific groups, as well as to change permissions on the fly if you need to make an exception while keeping the default permissions settings the same.
Many document management systems have a dedicated mobile app. Others rely on web browsers or online portals. Make sure the mobile version of any document management software you are considering is truly mobile-friendly. Even if you personally don’t use it on mobile devices, it is likely other members of your team will.
Not every document management system checks all these boxes while others offer all of them and more. When choosing your document management software, consider which tools and features would be most useful to your business. It is important to strike a balance between comprehensiveness and usability. Some systems can do it all but are a challenge to navigate (not to mention more expensive than simpler software).
Data security is a vital part of any document management system. As an increasing number of businesses go digital, more customers are entrusting sensitive personal information to the companies they do business with. Your organization is responsible for ensuring sensitive information is safe and protected from a data breach.
Did you know?: Look for document management services that offer encryption and compliance tools, auto-updates, data redundancy and backups.
Researching the document management market will help you understand the most common and important features of document management software. Understand the most basic document management software elements like centralized document storage, built-in collaboration and task management, mobile functionality and data security. Identify market leaders and vet your options before selecting the right software for your organization.
Understand your unique document management needs as a business. For instance, maybe you’re seeking a digital archive that can be updated periodically, or perhaps you’d prefer software that enables the daily creation and editing of new documents. Weigh the benefits of a locally hosted, on-premises solution in relation to a cloud-based solution managed by your vendor partner or a third party. Get specific with what you require in a system before searching.
A good document management system is also easy to implement and scale. The complexity of the software should be based on your team’s technical know-how, allowing them to store and locate documents easily as needed. Your team should be able to share documents and collaborate within the platform, even when they are using mobile devices.
Although every document management system should have security protocols, access controls and file versioning, these features are especially important for those operating within heavily regulated industries. Other features that lend to a document management system’s usability are metadata and tagging options, keyword searching, document editing history and restoration, automatic document retention and deletion, image scanning, optical character recognition and customizable workflows. The best software can also integrate with your other business platforms.
Once you understand what you need from document management software, ask the following questions to software providers:
Additionally, read through customer reviews to get a more grounded understanding of each service’s pros and cons. This is where you’ll get the most authentic and holistic view of a particular software and its offerings.
Once you choose document management software and are ready to sign a contract, closely read any legal documents and ensure everything you’ve discussed is in writing, including which features you are getting for your money. Additionally, ensure there is a fair exit strategy included in your contract that does not threaten you with outrageous fees.
Once you start using your document management software, regularly test your performance with it to optimize your workflow. Do this by inputting and storing documents, granting access to your team to make edits or updates to documents and testing document security to ensure your data is safe. Should you run into any issues, address your concerns with the software provider. If they are unable or unwilling to resolve these issues, consider terminating your contract.
Key takeaway: Assess your options and consider your unique needs as a business before deciding which document management software is best for you.
A document management system can improve efficiency for you and your staff by organizing all of your files and making them easy for anyone in the organization to find. A good document management software is more than just a file cabinet, but an interactive depository for all the files your organization needs.
If you are currently using a manual system, you are costing yourself hours that could otherwise be spent on other, more pressing business matters. A document management system automates many aspects of document management, taking that responsibility off your hands.
A document management system is more flexible than a traditional paper filing system. It accommodates your business’s growth easily, and your indexing system can be adjusted with a few clicks. For growing businesses, most document management software providers offer multiple pricing tiers, so you can increase your storage capacity as the size of your organization increases.
Ensuring that your information is secure is critical, from customer payment information to company trade secrets. Document management systems come with built-in security and access controls so you determine who can access certain documents. In addition, you can see all activity on any given document. In the event of a disaster, like a fire or flood, your files are stored safely in the cloud, away from physical harm.
Searching for the right document can be difficult and time-consuming; it can even cost you money. With the right indexing system, finding a document can take mere seconds, and employees can access the documents they need remotely. The best systems apply appropriate metadata and tagging automatically to make finding documents even easier, without much need to classify them on the front end.
Did you know?: Organizations can lose thousands of hours of productivity each year due to poor document management. Discover some other benefits of a paperless office.
Compliance requirements for many business documents can be complex and demanding, but a document management system can help you avoid fines, revoked licenses or even criminal liability by automating key documents within the requirements. For example, HIPAA and the Sarbanes-Oxley anti-fraud law have strict security and policy regulations regarding documents and records. The best document management systems automatically follow those guidelines, so you can rest easy knowing your business is compliant and has an auditable trail of required documents.
A document management system makes sharing information and collaboration easy, allowing documents from different sources to be accessed from multiple locations. Users can also share documents, monitor workflows, grant or deny access to certain documents and see what
Document management systems are used for several things, including securely storing important documents, tracking changes made to documents and sharing documents easily between members of an organization.
A document management system also makes it easy to find certain files by assigning keywords and tags to each document. These systems can also help companies ensure compliance for sensitive documents, such as the Health Insurance Portability and Accountability Act, by providing required security and permission restrictions on certain key documents.
A document management system captures the document, which is done by scanning the physical document or downloading a digital version via email or using other applications. Next, the document is indexed, meaning it is classified with tags, keywords and metadata that make it so it can be searchable. Finally, the document is organized and placed in a folder, where it can be accessed by the appropriate employees.
Most document management systems are cloud-based, so once a file is appropriately secured into the system, it can be accessed from anywhere with an internet connection.
Did you know?: Some document management software providers offer mobile apps, which give users even more flexibility and convenience in accessing documents.
The best document management system should be easy to use; it should allow for document sharing; and it should have collaboration tools, mobile functionality and version control. The first two features allow your team to work together on critical documents without needing to be in the same office. Version control maintains a log of every change (and who made it) to your company’s documents.
You’ll also want to make sure the software you choose offers airtight security protocols to ensure that only those with the right permissions can access files.
Microsoft subsidiary, GitHub, rolled out its secret scanning service to all users on Dec. 15. This service was previously available only to GitHub Enterprise Cloud users with a GitHub Advanced Security license. GitHub’s secret scanning looks through public repositories for over 200 token formats. In 2022, GitHub alerted its partners to over 1.7 million security exploits.
“Secret scanning alerts notify you directly about leaked secrets in your code. We’ll still notify our partners for your fastest protection, but now you can own the holistic security of your repositories,” read the GitHub blog.
Users will also get two-factor authentication (2FA) security feature in March 2023. GitHub had previously announced that it’d implement 2FA for high-impact package maintainers in Nov. 2022. However, it recently outlined 2FA’s wide-scale implementation across its 94-million user base.
The rationale behind GitHub’s free scanning tool is to prevent secrets and credentials compromises. A “secret” is a token or an authentication tool. Developers rely on them for communication with external services. Secret scanning takes place in Git history and all its branches.
As per the GitHub document, the secret scanning tool looks for known security vulnerabilities. This is something to keep in mind as a caveat, given that vulnerabilities can also be unknown (found only months after they occur).
That said, users can implement secret scanning alerts through “Code security and analysis” settings. Already exposed secrets are present under the “Vulnerability alerts” section. When you select any of the exposed secrets, you can view the exposure type and the remedial action you need to take.
Users and partners get different forms of secret scanning on GitHub. Users constitute:
On the other hand, partners get an alert when the same file has two keys. GitHub works with a number of partners to find exposed secrets. GitHub automatically alerts its partners when secret scanning detects a secret in a GitHub commit. The platform currently works with over 100 partners, including Adobe, Azure, Atlassian, Dropbox, Discord, Hubspot, Meta, Shopify, Stripe, etc.
According to IBM, leaked credentials are the most common type of data breach. These data breaches cost more than $150,000 than the average data breach and take 327 days to identify. The IBM report, cited by GitHub, highlighted that 83% of companies could suffer from one or more of these data breaches. The report further recommends using automation tools, which can cut threat identification times by 74 days.
Leaked secrets are especially worrying in the context of the software supply chain. Google recently released a report concerning the software supply chain and open-source dependencies. With open-source software in wide circulation, a compromised commit can affect all developer dependencies. Moreover, the line between commercial and public software is growing thinner as commercial entities begin relying on open-source code.
Companies using open-source code allow cybercriminals an increasing number of attack vectors. Sadly, organizations cannot reduce these dependencies without also reducing operational efficiencies. Enforcing 2FA can be the best bet for companies in such a situation. And that’s what GitHub is working on implementing in the next phase to reduce the damage from attacks that target related software systems.
In addition to free secret scanning, GitHub is also rolling out 2FA from March 2023 to all code contributors. 2FA increases network security by asking users for an additional passcode before logging them into an application. This stops cybercriminals from compromising a network unless they gain access to either the physical device or application.
The following user classes will be able to use 2FA:
By the end of 2023, 2FA will be mandatory for all users, including people who publish code on the platform — everyone will have to fulfill a 2FA login. Users who fail to enable 2FA will have 45 days before they’re blocked from using GitHub features. Overall, 2FA will make the software ecosystem safer for all parties. As a bonus to this, GitHub, like Google, is also adding passkey support, which is an alternative to passwords.
Alex Weinert, Microsoft’s Director of Identity Security, said that an account using 2FA is 99.99% less likely to be compromised, whereas cybercriminals always compromise passwords. Microsoft research further stated that using powerful passwords doesn’t prevent compromises, but it’s still better than weaker passwords.
Google research also indicated that “adding a recovery phone number to your Google Account can block up to 100% of automated bots, 99% of bulk phishing attacks, and 66% of targeted attacks that occurred during our investigation.”
Identity management is a significant issue. The debate around it will get even more heated as we increase the adoption of online authentication. GitHub has committed itself to protect its users’ and partners’ identities by rolling out 2FA and secret scanning, laying down an example for us all to follow.
The CEO of Zurich Insurance, one of Europe’s largest insurance companies, has said that cybercrime could soon become uninsurable, warning that the risks surpassed climate…
Read More »
Facebook owner, Meta, has agreed to a $725 million settlement in relation to the longstanding Cambridge Analytica scandal that first emerged in 2018. Facebook allowed…
Read More »
Ireland’s Data Protection Commission (DPC) has launched a Twitter inquiry after a breach affected over 5.4 million users through an API vulnerability. DPC launched the…
Read More »
A recent report from Prodaft has unveiled FIN7 as one of the deadliest cybercrime groups on the planet, with a particular emphasis on breaching corporate…
Read More »
Your email address will not be published.
document.getElementById( “ak_js_1” ).setAttribute( “value”, ( new Date() ).getTime() );
Join Our Newsletters
Learn about the latest security threats, system optimization tricks, and the hottest new technologies in the industry.
TechGenix reaches millions of IT Professionals every month, empowering them with the answers and tools they need to set up, configure, maintain and enhance their networks.
Copyright © 2022 TechGenix
If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
Construction management software includes many different types of platforms, from all-encompassing solutions to tools that focus on one aspect of construction. This guide will help you find some of the best construction software platforms out there and provide everything you need to know about which solution may be best suited for your business.
Ranking construction management software isn’t easy because in this industry, everyone needs something different.
Construction management software is a broad category. Some platforms — like Procore and RedTeam — are all-encompassing solutions that cover every aspect of construction management, from bidding to the last coat of paint.
Others, like Raken and BIM 360, focus on one aspect of construction such as daily reporting, document management, or building design. While they handle these tasks well, you might be disappointed if you were hoping for a construction project management solution that can handle all aspects of your job — or, at the very least, you’ll have to pay extra to get other software that can supplement it.
And still others, like CoConstruct, are focused on only certain types of construction. As a result, a solution may include some construction management tools you don’t need yet and be lacking in some you do.
All of that is to say that, while we can rank these software solutions by how well they do as general construction management platforms, it’s important for you to dive into the reviews to determine which solution best fits your business.
CoConstruct is currently our top-rated construction software option thanks to the fact that it’s very easy to use, covers all aspects of construction management, and offers good customer support. CoConstruct is packed with features, and most companies should be able to afford its price tag.
CoConstruct is aimed at homebuilders and remodelers, so those in commercial construction may not get as much out of the software.
However, many of its features are based on what every construction manager needs, such as bids, change orders, project scheduling, communication with clients and subcontractors, documentation, and more.
CoConstruct’s change orders page. Image source: Author
Key feature: Change orders can be a pain, so one of the welcome aspects of CoConstruct is the fact that it’s easy to create change orders. Also, you can get sign-offs from clients virtually, preventing unnecessary hold-ups.
While PlanGrid isn’t a comprehensive construction management platform — instead focusing more on the document management aspect of things — it’s a strong software option for those looking to more easily store, share, and edit blueprints and drawings.
The software is easy to use and boasts solid customer support. If you need a platform that can manage a mess of paperwork, you can’t do much better than PlanGrid. Just be prepared to pay for additional software that can handle other aspects of construction management to supplement it.
PlanGrid’s blueprint editing tool. Image source: Author
Key feature: The ability to mark up plans and drawings is definitely a standout feature. The software eliminates the need to pass around PDFs via email and helps manage the clutter every construction manager has to deal with.
Raken is primarily focused on tracking a project and daily reporting, so it may not handle all aspects of construction management, but it will help any manager stay on top of an ongoing project. It also scores well in terms of ease of use, and it will help with time cards and safety training as well.
You can sign up for a free trial, and it’s relatively inexpensive, so it’s a good option for those with a limited budget who want to make sure they’re making the right choice before fully committing. The software integrates well with other construction platforms such as Procore or Oracle’s Aconex.
It also has one of the best construction project management apps out there if you prefer to operate off your mobile device.
Raken’s main activity feed. Image source: Author
Key feature: Daily reports are the bread and butter of Raken. You’ll be able to track time and products, upload photos of the job site, and make notes, all while operating from the cloud.
RedTeam is another all-encompassing construction management solution that can help you with everything from managing your bids to actually running the project.
Its price tag makes this option more suitable for large enterprises, but if you can afford it, it offers the features you’ll need to run a construction project end to end.
RedTeam is primarily geared toward those in commercial construction and offers features ranging from financials and design to scheduling and field reporting.
RedTeam’s manage opportunities tool Image source: Author
Key feature: Unlike a lot of construction software solutions, RedTeam offers sales and construction marketing tools, including an “Opportunities” section that allow you to manage customers.
Buildertrend handles all aspects of a construction business and has an intuitive dashboard that you’ll pick up quickly. Its customer support is a big selling point, as you’ll get assigned a coach who will help with onboarding and technical issues.
For mid-sized firms to large enterprises, the pricing is attractive — but for very small contractors, it’s a bit on the high end. This software is ideal for juggling multiple jobs at once, with a dashboard that makes it easy to manage a team of workers.
Buildertrend also has a sales module, which is not something offered by all software platforms.
BuilderTrend’s project dashboard. Image source: Author
Key feature: Builderetrend’s jobs menu does a great job of putting everything you need to know about a project in front of you. It’s easy to navigate between jobs, and you can always dive into more detail if you want to.
When it comes to features, Procore can’t be beat. This giant in the construction software industry offers powerful software that will help any construction manager handle complex projects. It’s expensive, but there are few options out there that do a better job of managing all aspects of a construction project.
Procore may actually offer too much if you’re just a small construction company with just a couple of people, so it’s best to get a demo first to determine if it suits your needs.
Procore’s custom reports tool. Image source: Author
Key feature: Procore’s custom reports are impressive. You can create reports by dragging and dropping specific data points, which means there are nearly unlimited ways to break down data and spot opportunities for improving your business.
Sage 300 Construction is packed with powerful features, although it does come with a steep price tag.
It’s a Windows-based platform rather than cloud-based, which may be a dealbreaker for some construction managers, but it will offer just about every functionality you might need as a construction manager, whether that be change orders or human resources or even inventory management.
Sage 300’s main dashboard. Image source: Author
Key feature: Sage’s financial tools make life a lot easier for construction managers. You can get an overview of your financial performance, and the software will send you an alert if, for example, the project drops below a profitability threshold.
BIM 360 is narrowly focused on the architectural and engineering side of construction, so it won’t meet all the needs of a construction manager.
However, it handles its core function really well, allowing you to do extensive modeling of your project and ensuring everything is designed properly at the outset so you don’t run into problems in the middle of the project. There’s a bit of a learning curve, but fortunately, it has strong customer support to help you.
BIM 360’s project management page. Image source: Author
Key feature: BIM 360’s publishing and viewing functions are top notch. The software can handle any file type, and you can share these files with anyone who has the proper permissions. The software also enables you to track updates and view previous versions.
Construction management software tends to vary greatly — some focus on being an all-encompassing solution for construction managers, while others aim at excelling in one particular area, such as document management or job monitoring.
As a result, comparing them can be tough. However, we’ve settled on these three aspects in particular when it comes to our reviews.
The job responsibilities of construction managers can vary significantly, but almost all of them deal with project management. As a result, we look for software that handles important aspects of project management such as scheduling and job site monitoring.
Software that doesn’t deal with project management because it focuses more narrowly in other areas won’t score as highly in our “features” category, even though those solutions may have plenty of customers who are perfectly happy with the product.
More than many other software categories, construction software varies widely in terms of pricing — not just in terms of how expensive it ultimately is, but also in the pricing structure.
Some sell monthly subscription fees, others make you pay an annual fee based on how many users you have, and still others will let you just purchase the software and price it based on how many “modules” you buy.
We’ll break down the pricing for each option so you can figure out how much you’ll probably end up paying.
No matter the industry, ease of use is of the utmost importance when it comes to software. It doesn’t matter how powerful it is — if you can’t figure out how to use it (or if it will take months to get your crew to figure it out), the software will be a net negative for your business.
A total of 40% of the score for each of the software options is based solely on how easy and intuitive we found that platform to be.
Why spring for construction management software? Why not just keep using a spreadsheet? There are a number of tremendous benefits you might not know about.
The ability of construction software to handle document management alone will save a huge amount of time. Many software options will manage your blueprints and permits in one place, and make it easy to share them so you’re not passing around PDFs or PNGs via email.
When a project runs into a problem, such as necessary materials being unavailable or not enough workers for a project on a specific day, you end up with delays, and that means money wasted.
If you want to increase your bottom line, the best way to do it is to implement a software solution that will make you more organized and efficient.
Have you ever made a huge mistake with payroll, or misplaced a permit you need in order to proceed with a project? That can cause major problems for your business. Software keeps all of this organized and ensures you’re not missing anything.
DP Taylor has a passion for good business software and wants to help software users find the solution that best fits them. He likes to understand people’s personal and business needs and figure out how software can solve problems. When he’s not studying the world of business, he can be found hiking.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. The Motley Fool has a Disclosure Policy. The Author and/or The Motley Fool may have an interest in companies mentioned.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 – 2022 The Ascent. All rights reserved.
Canopy Workflow introduces new industry-leading automation to streamline and simplify workflow processes for accounting firms
DRAPER, Utah–(BUSINESS WIRE)–Canopy, the leading cloud-based practice management platform for accounting professionals, today announced the availability of new automation enhancements to its Workflow software. Canopy’s Workflow automation helps firms streamline the delivery of accounting services by reducing manual, repetitive processes leading to increased efficiency and accuracy.
By incorporating automation across accounting firms’ workflows, professionals have better visibility of their processes, optimize their time to get more done, and are able to use the time saved to focus on higher-value and more profitable efforts. The robust capabilities of Workflow automation are also extremely effective as a holistic practice management solution, working across the firm to ensure information is retained and the user experience is simplified.
“As accounting firms grow, they experience more complex workflows due to more clients, more internal staff, more projects, and ever-changing regulations. Managing these complexities can be time-consuming, but these new features make that experience significantly easier for firms,” said Larry Furr, Chief Product Officer, Canopy. “These updates are part of our continuous endeavor to make accounting processes as easy as possible for professionals in the industry. Workflow automation will drastically reduce time spent on a myriad of tasks and is built directly within the Canopy Practice Management suite.”
These new enhancements improve the experience of Canopy’s Workflow by allowing professionals to set automated rules for tasks based on conditions and the desired action. For example, workflow users can choose to assign a team member a specific task directly after a previous subtask has been marked as complete, helping ensure staff only see tasks they are able to work on.
Additionally, these updates will:
Canopy is an award-winning, cloud-based accounting practice management software suite designed to increase efficiency and boost revenue for accounting firms. It offers tools for client management, document management, workflow, and time & billing, as well as specialty compliance solutions that help accountants obtain IRS transcripts and resolve notices quickly. Canopy was ranked by Capterra as the #1 Top Performing Accounting Practice Management Software in 2022 and included in The Women’s Tech Council’s 2022 Shatter list, highlighting Canopy’s inclusive and diverse culture of innovation and well-being. Canopy’s solutions are SOC2 certified and data encrypted to ensure personal information is secure. Connect with us @CanopyTax and https://www.getcanopy.com/.
mPR, Inc. for Canopy
mPR, Inc. for Canopy