Small and medium-sized enterprises, so the SMEs ( according to the European standards those are the ones hiring from 10 up to 250 employees, while the companies with less than 10 employees onboard are defined as micro companies) account for 99% of all firms in the European Union, contribute most of total employment and are an essential element of every developing economy. In the UK alone there are 97.000 SMEs formed each year! SMEs spend between 45% and 60% of sales revenue on procurement of raw materials and professional services. Small business owners are increasingly subscribing to cloud-based software services too.
A transparent procurement process ensures equal access to all the process elements for all its participants and suppliers (certainly, except the sensitive data). Procurement methods, procurement process rules (for example, acceptance workflow), legislation, evaluation criteria (such as attaching significance to the particular criteria), technical specification, supplier rights should be definitely transparent.
There are 4 key features which matter in business: : fluency, flexibility, visibility and forecasting. Those features are most wanted by business leaders while selecting and implementing software supporting various teams’ work. Every system, whether for HR, Finance or Sales should:
be so flexible to answer the needs of the companies which do not operate in a standard way
provide data flow
be able to analyze the data
According to the Wall Street Journal specialists taking care of millennials in corporations earn even up to 20 thousand dollars per hour. It shows what an important role employees born between 1980 and 2000 play on the job market. Millennials, thus generation Y, is one of the most dynamically developing social groups. Research shows that nowadays there are about 75 million millennials in the world and they are set to make up more than half of the workforce by 2020.