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white lable app for saas
10 Jan 2020
White Label Apps for SaaS: The Smartest Way to Save Your Time, Money, & Skyrocket Your Revenue
How do you like the idea of creating an application that will be rebranded by others?   Your client gets to resell it as their own product, but not before they pay you all the charges for production/designing.   If this idea interests you, then this page is where you need to be.   Take a break from your work or anything that you’re doing right now. This blog post needs your undivided attention.   5 minutes will be enough.   Let’s start with the basics.   White Label Application: Why is it gaining momentum? A white label application or service is designed, created, and manufactured by one company, but it is rebranded and resold by others as their own.   I hope you’ve noticed how during the last couple of years,     there has been a tremendous surge in the number of mobile applications. For every event or service, we need to download a new application. In fact, 62% of the companies, large and small, either have a dedicated application or are in the process of launching one.     Do you think these applications are created from scratch?  No. Not at all. Here’s the truth behind the majority of mobile applications created today: Most of the apps nowadays are created via a template. These templates are called as ‘White Label Apps.’   Much like Websites powered by Wordpress, where you get to use the pre-built themes and templates, a white-label application is designed by one company so that it can be used by others, with a few changes, obviously.   Still, Confused?   Let me make this clearer with a White label apps example: A while label application manufacturer, named as Company A, creates a marketing app and sells it to Company B. Company B, having purchased the rights, rebrands this marketing application with their own name and logo. Company B can now sell the product to end customers.   Summary: White label apps enable the resellers to expand their offerings and services without having to produce the apps from scratch. This allows them to scale both their offerings and revenue. The main advantage of this purchase is a smart time-saving. The companies don’t have to create a new application from square one.   White Labeling: Why is it gaining the Hype? White labeling, without a doubt, is a faster solution to save money and time. It’s a great option for software developers. They can consider white labeling as a technique and a powerful strategy to increase their distribution.   White Labeling benefits for Software Developers: There are many benefits of selling white labeled products other than cost-saving:   1. Faster Implementation: Since the remodeling and rebranding of these applications require only a few resources from your clients, the product delivery and implementation is way faster.   2. Reduced Commercial Risk: When you are into white-labeling, you offer your clients the products/templates that have been tested and offer a proven solution. This way, there is no commercial risk as such.   3. Optimized Product Line: White Labeling Sellers add value to White label app development & product lines by mixing and matching various offerings of multiple vendors, and in that process, they optimize their offerings.   White Label Product Benefit for Clients:  With 85% of online buyers reporting that they prefer using smartphones over mobile websites, it’s safe to assume your clients would also want to have a dedicated application for their business. If you’re still now sure how a white label can bring a positive change for your business, read these points:   1. White label allows you to focus on your company’s core competency. It’s never a wise thing to stretch your human resources and budget to something that doesn’t fit your business’s core competency. Prepackaged solutions offered by white label app developers provide such businesses an opportunity to trust experts and channel the resources towards core competencies.   2. It keeps the customers from turning elsewhere for solutions. The additional months or years it takes for developing your own solutions will most probably have your prospective customers turn elsewhere for solutions. This can be avoided through a pre-packaged solution that meets their needs.   3. White Labeling makes branding extremely easy. With White labeling, you can brand your products with a couple of clicks and swipes. You don’t need technical help. These solutions are ready-made, fully-integrated, making branding easier.   You don’t have to spend time on research and development. Simply add your identity and branding, and do the business!   Can it get easier than this?   How Do White Label App Work for SaaS Companies? For this section, I’d suggest taking Troop Messenger as an example. Since we are now offering Troop Messenger as a white label app our clients get complete access to our office communication and collaboration tool, which allows everyone on the board to communicate with internal team members and outside vendors.   As you purchase our pre-packaged, ready-made, and optimized product that has been through hundreds of quality tests and bug fixing, you can expect the following:    Instant Application Creation: When you purchase Troop Messenger as a white-labeled app, you get a market-ready Android and iOS apps within a week, without having knowledge of technical aspects  Customizable Design: Make the application your own, with the app icon (logo), and your branding on the dashboard or screen. Easily Scalable: Board as many members on the team. It doesn’t matter whether your team size is of 50 or 5,000, you can scale the numbers as you wish. Low Cost: With our white label version, you get to save tons of money and avoid all the up-front fees that you’d normally spend if creating your own app. Secure Control: Troop Messenger White Label App cost is low, yet you don’t have to compromise with control. You can easily manage all the data & information without having to worry about data breaches or security. Powerful Integrations: Should you feel the need to expand in-app features, you can seamlessly integrate with external applications.    Few Examples of White Label Apps (SaaS) Since white-label mobile apps have expanded their usability, they are being used in multiple industries, including SaaS. Other than Troop Messenger, SendBird and Cometchat are also great white-label apps example.   SendBird: A White Label Chat Solution This White-Label chat solution offers a fully managed chat infrastructure combined with messaging SDKs. The app’s flexible and powerful chat API enables businesses to launch a messaging platform with maximum effect and minimum effort.   Highlights of SendBird White label app: Chat Messaging: All essential features including media sharing, push notification, read receipt, typing indicator, and thumbnail generation. Security and Compliance: Advanced security standards and encryption. Customer Support: Ticketing, agent interface, and live chat support. Moderation and Data: Tools to protect your brand’s integrity and to explore chat data.   CometChat: Ready-to-Use White Label Mobile Chat Application CometChat App is also a white label app reseller. If you are in need of a customized chat platform for your company, CometChat is worth giving a chance. The app is completely white-labeled. It doesn’t contain any CometChat icon, logo, or name.   Highlights of CometChat White label app: Customize the feel and look: With pre-built UI, CometChat saves you all the additional effort. With a couple of clicks, you can change the feel and look to suit your brand. Easy to Deploy: It’s surprisingly easy to install your own app and deploy it. Speedy-Support: Customer support has been made easy with live chat support. Seamless Integrations: One-On-One integrations with over 50+ software   Key TakeAways Do-It-Yourself sounds cool. And as an entrepreneur, your first instinct might be to try DIYs for your business’s applications & software, alongside other core competencies. After all, entrepreneurship is all about that only.   Sorry, break the bubble. But it’s not applicable in all areas. In most cases, creating a customized solution from square one, in an attempt to exceed the client’s expectations can actually be a setup for failure.   Building your own apps and solutions can lead you to these pitfalls:   Reinventing the wheels of mistake: creating mistakes the other developers before you have already made and mastered. Slowing down your time in the industry: reducing your learning curve while you wasted time outside your core competencies Spending too much money on developing solutions and tools that are already there, in great formats, and simultaneously miss out on resources where you need focused attention.   In short, the white label apps can help you avoid all these pitfalls and help you in utilizing your business’s branding to over a product or solution without investing in technology or infrastructure creation around the solution.  
How do you like the idea of creating an application that will be rebranded by others?   Your cl...
team communication
07 Jul 2020
11 Sophisticated Team Chat Apps & Software to end endless email Threads
If you’re still using emails to exchange work messages,   who better than you can understand the problem of endless email chains, annoying CC’s, and accidental Reply All’s?   While emails have a certain charm,   they’re not the best tool for internal communication.   If you use email for work chat, reviewing all the conversations about a single project requires sifting through multiple email chains.   However, in a dedicated team chat app, you’ll save time by seeing all the conversations and documents about a project in one place — a thread or a channel. What is Team chat Software As the name implies, Team Chat Software enables virtual or remote communication and collaboration between team members. It’s not always possible for employees or employers to be physically present and have face-to-face interaction all the time. These tools let you communicate, share ideas, messages, make video calls, and transfer files from remote places Here’s what Benjamin Sternsmith, Area Vice President of Sales, Lyft Business says about using Email for office messaging: “You can’t have a good conversation over email – it’s not quick enough. Coming together in a team chat app, channels or threads allows us to easily discuss day-to-day management topics. That’s invaluable.”   Team Chat Software's: Benefits & features   1. What Are The Benefits Of Team Chat Software? 2. What Makes a Great Team Chat App?   The choice is simple. You could get buried in endless email threads.   Or you could get work done in team chat apps (in real-time). While team chat software allows teams to enable seamless communication, the right tool and its smart use can really help them zoom past the competition.   Part of this is about higher efficiency and better productivity. With a centralized workspace, conversation and collaboration happen faster —Got a query while you’re at work? Type a short text, get an equally short response, and get back to work.   Team chat apps also assure that all team members can participate in, or at least, review relevant conversations, while also ignoring files or text that aren’t relevant to them.   Hence, more and more businesses today are looking for digital solutions for team communication and collaboration. Take a look at these numbers:  According to a Statista 2016 worldwide Survey, 53 percent of businesses, globally, had onboarded their employees on a common team collaboration tool. Since then, this number only increased A Gartner study predicted that the team chats app market will reach $4.9 billion by 2021 and by 2022, 70% of teams will rely on work chat apps to get their work done every day — and thanks to COVID-19, businesses have already moved to the technology frontier. According to Cisco’s cognitive collaboration study, “9 out of 10 workplaces are willing to adopt a cognitive collaboration solution “as soon as possible!”   Team Chat Software's: 2020 Tools   1. Troop Messenger 2. slack 3. Microsoft Teams 4. Mattermost 5. Samepage 6. Rocket Chat 7. Google-Chat 8. Ryver 9. Discord 10. Podium 11. Teamwork Chat   All in all, team messaging apps are no longer limited to organizing team conversations and searching topics but have become a way of life too. And I know you’ve learned that too, or why else would you still be here? Dozens of internal messaging applications are available, and they can cut down the overwhelm of email and also eliminate a lot of the headache. But with so many apps out there, it can be hard to know which one you should use. In this article, we’ll help you cut through the clutter and walk you through our picks for the best team chat software currently on the market. We reviewed and tested over twenty-eight team chat apps, and these eleven are the ones we'd recommend.   Team Chat Software's: How To Pick   1. How To Pick The Best Business Chat App For Your Team? 2. How Do You Use Team Chat Applications 3. Can Admin see The Team or WorkChat 4. Putting it All Together   But before we jump to the tools section, let’s answer some of the FAQs about office chat programs, their usage, features, and more. Q1. What Are The Benefits Of Team Chat Software? Well, we already know remote collaboration tools are crucial for businesses to operate remotely. But there’s more to business chat tools than meets the eyes. Below are some of the proven benefits of using chat room software for your business:   Improved Communication Between Team Members:  No points for explaining, the team chat software is designed to improve communication. With features such as instant messaging, calling, voice recording, file sharing, and screen sharing, communication between team members is never compromised. Internal messaging that combines different modes of communication and information exchange into one thread or channel, can that can easily be integrated with other office tools, is important for reducing the distraction of app-switch or task-switching. With these tools at hand, access to shared updates, information, and project links becomes faster as well. An ideal work chat app will be available across multiple OS and devices so that whether your teammates love Android or apple, they won’t be left out. Better Employee Management: Needless to say, best group chat apps are the ones that allow teams to monitor and track employee’s progress with visuals, graphs, and analytics. In this way, these tools increase employee engagement, and hence, boost an individual’s productivity too. Features such as effective internal communication, actionable feedback, and user generated solutions through idea boards and forums, and real-time access to information builds a more engaged, informed, and connected workforce — all the things a team needs to bridge the disconnect between remote employees and managers.   Streamlined Workflow: The whole point of using these tools is easing the work and organizing it. With workplace chat apps, team members can schedule meetings, discuss current tasks, ask for feedback, and plan ahead. In short, streamline it all. The ability to share files, add tasks, and integrate other apps also streamlines workflow by making everything accessible within one application. It also helps teams to share and redistribute workloads more effectively. Take, file sharing feature, for example that allows you to use file hosting, sharing, and storage services of your choice without leaving the app. The best team chat apps include dynamic filter and search functions and let teams refer to files, texts, and multimedia easily. Effective Project Management: Proper communication is directly proportional to effective project management. When teams communicate effectively, they not only reduce the chances of errors or confusion but also pave the way for timely project delivery. Quality team communication software has the best features to increase efficiency of project management. At any given time, you and your team can communicate with coworkers and create to-do lists for projects and request information on the status. With a good team communication software, your teams can make collaboration easier and streamline business processes. It cuts the need for constant meetings since users can ask questions and access the right information anytime, with a few clicks. Increase Accountability: When an admin has in-place a set of instructions and regulations for employees to review tasks, update managers on their progress, get reminders of the ETD, it all increases accountability and increases team member’s sense of responsibility. Q2. What Makes a Great Team Chat App? While instant messaging and calling are the selling points of most office chat apps, these features alone don’t make such tools great. The best team chat apps are the ones that have these following functionalities:   1. One-Stop Unified Communication Via Organised Channels: Keeping track of correspondence, third-party vendors, and company data is overwhelming when team communication is spread out across different platforms or modes — emails, phone calls, and text messages. An ideal team chat app centralizes all of the internal communication into one unified space for better employee experience. The best team chat apps unifies and organizes conversations in a way that enables easy access to information by the right people at the right time. Some messages or documents need to be seen by everyone in the team, and others need to happen at an individual or group level. A team chat app takes care of this — through features that allow admins to add or remove team members only in the threads, groups, or channels relevant to them. 2. Option to Collaborate with Vendors, Suppliers, & Freelancers: Besides the internal messaging features, a great team chat app allows you to securely connect with vendors, suppliers, clients, and freelancers without posing your company a threat of security breach and information misuse. Through this feature, you can limit the vendor/client’s access to specific contacts, features, and information. Take, for Example, Troop Messenger, it has an ‘Orange Member’ feature using which admins can invite anyone outside of their internal team. These orange members can be prospective clients, vendors, suppliers, or freelancers. Admins also have the privilege to set conditions for an orange member and decide the features, contacts, and information accessible to them.   3. Advanced Search with Filtering Features When it comes to managing communication and collaboration on team chat apps, I don’t think there’s anything that could be more frustrating than finding a particular text, document, or link that was shared months ago. When you have a team of, let’s say, 200 members, can you scan through all the conversations to find a document that was shared one month ago? Without appropriate filters, you’ll only end up overwhelmed with the amount of information that’s exchanged in the workplace chat app. With universal search or advanced filtering features, your team can quickly find past conversations for relevant information. Take, for example, Slack and Troop Messenger — both these interoffice messaging apps have advanced filters that make searching super easy. Where Slack allows you to use search modifiers for making searching easy, Troop Messenger has different types of filters to serve the same purpose — Filter by Image, Video, File, Link, Contact, Location, Read Receipt, Respond Later, and Flag.   4. Easy to Control and Navigate This is perhaps the basic one. But would you ever consider onboarding your team or employees on a work instant messenger that has a clunky interface or too steep a learning curve? I bet not. An office messenger that lacks good navigation is counterproductive and will probably result in frustration. Your members need to be able to navigate through the dashboard, conversations, integrations, and files easily. For this, the user interface must be neat, clean, and without unnecessary clutter. 5. Rich API directory or Integrations  Now this one is as important as others mentioned above, or perhaps more, if your team requires access to multiple apps to accomplish the projects. For example, you may need access to Google Drive or Dropbox where all your files are stored. Now, normally, if you’d be using a basic chat app, you’ll have to switch to Google Drive or Dropbox to access those files. But with an office messaging app, you can access, edit, or share the files from many more apps without switching between apps. 6. High Security & Privacy Chat With the constant data theft, system hacks, and security breaches that data-sensitive companies get subjected to, it’s important for employers to implement a highly-secure, E2E Encrypted team chat application. Most of the popular remote collaboration tools now offer a highly secure medium for teams to communicate and collaborate while meeting the ever-changing security and compliance needs. For example, Mattermost uses TLS encryption for both in-transit and at-rest data transmission. Another security feature that’s grabbing headlines is Troop Messenger’s Privacy Chat feature where two individuals can chat in an incognito window that expires after a stipulated time, and the data isn’t stored anywhere. These 11 team chat software, in our opinion, are the only tools in the market that offer the best balance of all these great features. 11 Team Chat Software for a Chat-Powered Workplace  Troop Messenger  - Feature Rich Team Chat App Supported Platform: Windows, Web, Android, Linux, Mac OS, and iOS. Highlights: Some of the features that make Troop Messenger a robust team chat app is custom administrative control, option to add guests (orange members), privacy chat in a confidential window, and Self-hosting options. Summary: With Troop Messenger, teams collaborate on a single interface through features such as — one-on-one conversations, group conversations, audio messaging, voice-video calls, screen sharing, forkout, and integrations. It is one of the strongest team chat apps in terms of features. You get access to all the chat app functionalities and also an option to compartmentalize collaboration through ‘forkout’ and ‘orange member’ features. Through Forkout, you can send messages to select groups or people, at once, by filtering out people who the text is not relevant for. And via, Orange member feature, you can add third party members/vendors/freelancers by allowing them restricted access to the app. Troop Messenger allows you to integrate with Google Drive, JIRA, GitHub, LDAP, Dropbox and if you want more, you can build automations with the APIs. Robust security, fingerprint access, End-to-End encryption add up to its list of features. The tool has a ‘privacy chat’ (Burnout) feature that allows users to chat confidentially in an incognito window where chat history gets deleted after the stipulated time. Also, Troop Messenger has a generous pricing plan for both the self-hosting and SaaS delivery models — starting as low as $1 per user/month. So Troop Messenger could be a great deal for budget-conscious organizations.    Slack - Powered Workplace Chat App Supported Platform: iOS, macOS, Linux, Android, Windows, and Web Highlights: Slack, popularly known as team messaging free app, covers your instant messaging basics while supporting seamless integrations, file sharing, and video calling. Summary: Launched in 2013, Slack is ahead in the team chat apps space. It has been praised for having over 2000 integration, a very powerful search capability, and intuitive UX. On Slack, each team has a general channel where they interact for group/mass communication. But, usually, the day-to-day conversations happen in specific channels created according to the project or task. Team members can dedicate any of the channels they want to be in and receive notifications from. Furthermore, Slack makes searching very convenient with the multiple search modifiers that team members can use to filter through the conversations and find what they need. Useful features like drag-and drop file sharing, clever design, one-click audio or video call, and emoji reactions make Slack a favourite team chat app. However, some users call their interaction with this chat app a love-hate relationship. It’s mainly because notifications aren’t as easy to handle. Bulks of channels mean bulk of notification, and that can both overwhelm and confuse the users. Furthermore, Slack’s biggest downside is its pricing — most competitors and users highlight that it doesn’t come as a part of a broader software bundle and yet, Slack charges more than a standalone app should. Take a look at the pricing:  Microsoft Teams - Popular Team Chat App Supported Platform: iOS, macOS, Linux, Android, Windows, and Web Highlights: Some of the best features of MS teams include online meeting and video calling, real-time collaboration with Office 365 apps, background blur, and screen sharing. Summary: MS Teams brings together all your team members in a shared workspace where they can chat, call, and collaborate on documents and apps. In MS teams, every team is divided into different channels. Discussions or conversations in these channels are further forced into threads — breaking chats down yet another level. In short, there’s hierarchy that helps maintain a tidy interface. Key features of Microsoft Teams are audio and video calls. Users can schedule meetings ahead and also hop on to spontaneous conferences or calls — and the best part, all these features are available in the freemium version. There’s also an option to record the meeting, however, this feature is only available for paid users. And needless to day, the key emphasis is tight integration with MS Office 365 Suit, using which all teams can collaborate on documents, appointments, notes, calendars, and more. At the same time, Microsoft Teams has a it’s own downfall. It’s tricky to set up. You’d need to hire a dedicated IT staff to implement it for your workplace chat, but considering the size of companies MS Teams is built for, that shouldn’t be much of a barrier. Mattermost -  Self-Hosted Team Chat Supported Platform: iOS, macOS, Linux, Android, Windows Highlights: What sets Mattermost apart from other competitors is multi-factor authentication, Enterprise grade security, custom branding, and threaded messaging. Summary: If you’re too conscious about your team’s conversations and can’t risk others spying on your chats by hosting them on a third-party server, I think you’d love mattermost. It’s an open source app, which means, team can install it on their own company’s servers. It’s one of the most feature-rich self-hosted team chat apps we came across. Mattermost’s basic features include One-to-one and group messaging, unlimited search history, and file sharing. In mattermost, conversations are segmented into different channels and threads break them further. Search feature, with multiple filters, is complete and useful. The interface looks somewhat like Slack — even the keyboard shortcuts, modifiers, and emoji reactions are essentially the same.  Samepage - Threaded Team Chat App Supported Platform: Windows, Android, iOS, and macOS   Highlights: Built for remote teams, Samepage allows co-workers to write, chat, call, collaborate, and manage projects via one centralised space. Summary: Samepage, as one of the most promising team communication apps, facilitates collaboration, chat, project management, running meetings, video conferencing, and real-time document collaboration. Businesses are using Samepage to participate in real time brainstorming sessions and collaborate via spreadsheets, diagrams, videos, images, text, task board. Samepage chat directly integrates with it’s collaborative canvas that keeps conversations and canvas together, prevents teams from losing track of discussions and work in real-time to produce better results. Apart from the team communication features, Samepage offers calendars and tasks to keep projects moving forward through kanban boards, sheets, mind maps, pages, and agendas. Tasks can be assigned to co-workers according to priority level, recurrences reminders, and with due dates.   Rocket Chat: Omnichannel Team Chat App Supported Platform: iOS, Linux, Android, Windows, and macOS Highlights: RocketChat highlights include automatic real-time message translation, admin transparent, and asynchronous team chat. Summary: RocketChat is one of the most popular open-source and free interoffice messaging apps in the market. It allows team members to collaborate via real-time file sharing, chatting, and audio or video conferencing. The app segments chats into public channels, private channels, and direct messages. It has standard instant messaging features like emoji, @mentions, file uploads or sharing, and GIFs. But the main factor that differentiates RocketChat from other team chat software like Slack or MS Teams is it is completely open source — which means if your team has software development skills, they can change the app and customize it however you prefer. Another exciting feature of RocketChat is it includes an impressive multilingual support and also lets you integrate the Google Translation API to facilitate real-time translation of texts. These translations are obviously not 100% correct but they still help a great deal for companies dealing with global clients.    Google Chat - For G-Suite Team Supported Platform: Android, iOS, macOS, and Web Highlights: Some highlights of Google Chat includes screen sharing, HD group conferencing calls, and custom administrative controls. Summary: Earlier named ‘Hangouts Chat,’ this collaboration app by Google is a free group chat app for business owners and entrepreneurs who want basic workplace chat features like texting, audio, and video calling, and file sharing. It’s offered to G Suite customers at no additional cost. In Google chat, conversations are broken into threads, that creates a clutter-free chat space. Teams are allowed to add as many rooms as they wish, and users can join or leave them whenever they wish. Where Google Chat really shines is the option to organize a meeting via Google Meet and scheduling it through Google Calendar. Search is also strong — there are a wide range of filters and results appear in real-time as you type. Google Chat’s only drawback as a team chat app is the interface. It could work more on design. Some simple tasks like reviewing lists of public rooms are buried behind multiple clicks. But it’s a solid choice if your team already has G-Suite.    Ryver - The project-focused Team Chat App Supported Platform: iOS, Windows, Mac, and Android   Highlights: Some of the highlights include screen-sharing, clear audio, and video, automated daily process, and the option to add details in tasks through tags, checklists, and assignments.   Summary: Ryver is an easy-to-use, intuitive team chat app that brings all your workplace communications in one place. It’s USP is the proprietary ART that eliminates slow, error-prone human response with AI-powered automated response. In Ryver, chats are organised into Teams, People Forums, which are indirectly Channels, direct messages, and group messages. Within each Ryver group, there are segments such as Chats, Tasks, and Topics — Chats, as we know is instant messaging, Topics means threads for different types of discussions, and tasks are kanban-style boards where teams can organize, create, and complete different tasks. In Ryver, you’ll find other essential features of a team chat app, but this app, mainly, is an attempt to integrate project management features within the team chat programme.  Discord: For Team Chat for Communities  Supported Platform: iOS, Windows, Mac, and Android Highlights: Discord, now also known as a team discussion app, is mainly developed for gamers. But with it’s outstanding screen sharing and video calling capabilities, it’s being used for different businesses for remote collaboration. Summary: Discord now has a lot of communication or collaboration specific features but it works as a team chat app for one solid reason: excellent audio and video quality. The app has text channels the same as app team chat apps but there’s no option to segment the conversations within channels. Discord USP is the voice channel or audio chats where users can go for on-phone calls and switch back to texting whenever needed. Discord’s audio quality makes it a great pick for teams that need to speak frequently over the phone call. The app also offers an option to opt-out of sound sharing during a video call or screen sharing. You can opt-in or opt-out of sound sharing by toggling the sound icon between Off and On. Furthermore, the screen sharing features with multiple participants make it even more suited for remote businesses. There’s an option to swap from screen share to video. At any time during the conversation, you can swap between the two. When swapping your computer screen, you can opt for which monitor screen to share. You can also opt for sharing only a specific application window.  Podium: Messaging Tool for Local Business Supported Platform: Windows, Android, Linux, and macOS Highlights: Podium is a convenient team chat and collaboration tool that facilities employee interaction and communication with features such as DMs, Group messaging, and file sharing. Summary: To keep the conversations organised, the podium uses threads. What sets it apart from other apps is that it lets you keep all your messages from Google, SMS, Facebook messenger into one central space — which means you can respond and manage each message from a single platform. While sending messages, users have an option to choose from ready-to-send options or choose their own templates. There’s also an option to send automated messages, assign conversations, and set permissions to give right people access to the right conversation or files. The video conferencing feature in Podium is implemented via a third-party service. The app has no freemium version, and there’s no pricing plan as such. You’ve to get in touch with them and share your teams’ requirements to get a pricing quote. Pricing: Custom plans as per business’s communication needs  Teamwork - Teamwork Chat App Supported Platform: Android, Windows, MacOS, iOS   Highlights: With Teamwork Chat, you can bring all your team members to one centralised space where they can collaborate through better group communication, discuss feedback and solve problems. Summary:  Teamwork chat lets you turn messages into tasks and turn communication into workflows across the organization. With one centralised space for team members to share ideas and receive feedback, teams on Teamwork can reach a consensus faster, and also make better decisions. The app has an intuitive layout and features for a team communication app. Speaking of pricing, Teamwork chat offers an affordable package, especially compared to other team chat apps available in the market. Teamwork Chat pays attention to user privacy and data security as well. Furthermore, you can also integrate Teamwork chat with other apps you love. What I love about Teamwork Chat is its DND feature — it allows users to remove all distractions by muting all the push, desktop notifications, and email so you won’t be interrupted Teamwork chat also has features such as dedicated project channels where teams can share ideas, resolve issues, and make informed decisions to keep the project moving forward. You can also star the channels to bookmark conversations for easy access.   Some More FAQs about Team Chat Software How To Pick The Best Business Chat App For Your Team? Well, there’s no button-solution for this one. At the end of the day, choosing the best team chat app depends on your team’s requirements and collaboration needs. Let’s say, Team A needs to integrate multiple apps to accomplish its projects. So, in this scenario, they’d need a tool that allows seamless integration with third party apps — hence, Slack should be their go-to tool. Similarly, if Team B requires to collaborate frequently with vendors or suppliers, but cannot risk making them a part of the internal team, then they’d need an app that allows the feature to add guest members — hence, Troop Messenger should be the choice. Now, if Team C requires basic instant messaging and file sharing features but cannot afford monthly or yearly cost, then they can opt for a free group chat app — Google Chat can be a safe option. All in all, the selection of the best business chat app depends on your needs. So, if you want to choose one that fits the bill, you follow the five-step approach: Make a list of essential features your team needs  Read about the features, pros, and cons of the best team chat app  Compare who’s offering what, and ask the service provider for a trial  Onboard your team on the selected app for a month, and seek feedback about the ease of use from everyone If all members find the app helpful and convenient, purchase the monthly/yearly subscription   How Do You Use Team Chat Applications Well, using a team chat app or onboarding teammates is pretty easy in most of the remote collaboration tools. Thankfully, all the eleven tools mentioned above have dedicated videos, guides, and tutorials that make onboarding easy and ‘learning how to use the app’ even easier. Just add the phrase ‘How to Use’ before your favorite team chat app, and browse Google, you’ll find guides and videos right away. For example, Troop Messenger has a rich directory of all the How-tos, FAQs, and Videos on using the app effectively. Similarly, if you want to learn about using Slack or Mattermost, you can find heaps of useful guides and videos online. Can Admin see The Team or WorkChat It depends from app to app. Where some team chats software allows admins to access all DMs exchanged between team members, others won’t. For example, in Slack, team owners can request access to the whole Slack message history, including the direct messages and private channels. Similarly, in Troop Messengers, admins can track and monitor message exchanges between employees by enabling TM Monitor for a specific time period.   Putting it All Together Some of the team communication apps out there are foundational -- things like instant messaging, audio or video conferencing, file sharing, and CRM. However, other group communication apps are more specialized, with features such as confidential chat windows, project management tools, vendor collaboration, time tracker, and more. I hope this article helped you differentiate between such apps and learn what’s good, better, or the best. The ultimate choice, obviously, depends on your company’s communication & collaboration requirements, your team's strength, and the budget.  
If you’re still using emails to exchange work messages,   who better than you can underst...
apps
08 Apr 2020
5+5 Remote Collaboration Software and Tips to use during COVID-19
With the COVID-19 pandemic, work from home has become a norm and remote collaboration software has become more important than ever. In fact, due to the coronavirus outbreak, a vast number of employees are working from home for the first time - which can be daunting for the unversed. And it can be even more complicated if you don’t know the right tools. Fortunately, we live in a world where remote collaboration can be as effective as face-to-face interaction. There are dozens of feature-rich remote collaboration tools that can revolutionize how employees work from home. To keep the wheels running smoothly, we’ve gathered a list of best collaboration tools for businesses. I’ll divide these tools into different categories, depending on the functions they serve. Remote collaboration tools for Work from home pain points In order to manage your teams remotely and ensure business continuity, you need a combination of different software. You’ve to take into consideration the immediate goals of the company, number of employers, and the current economic situation. Generally speaking, a remote team needs different software: Voice & Video calling Software  Business Instant Messaging Software File Sharing and Collaboration Software Screen Sharing Software Vendor Management Software Fortunately, we have options. There are tools that can help your teams during these challenging times. But, onboarding your teams on so many different platforms, that too without prior experience, can be a headache. Put simply, the best practice is to stick with one platform that can resolve all your work from home pain points. Choosing a multi-purpose app can help you avoid app fatigue and onboarding issues. Troop Messenger for Remote Team Collaboration   As one of the most promising additions to remote collaboration space, Troop Messenger offers instant messaging, video conferencing, project management, and productivity features. Troop Messenger, as one of the best remote collaboration tools for business, has all the essential features remote employees may need. Troop Messenger is a feature-rich business chat app for internal communications. It has all the essential features you need to communicate and collaborate with your internal team: Instant Messaging in Private and Group Chats Video and Voice Calling  Hassle-free collaboration with Suppliers or Vendors  Confidential chat with in a private chat conversation room  Live location tracking  Cloud File Storage, Sharing, and Collaborative Editing  Integration with Google Drive and Dropbox   Case in point: Troop Messenger’s strong point is that it functions as a multi-purpose work from home software with all essential features.   Troop Messenger Highlights: TM lets you collaborate with all your employees, clients, and vendors regardless of where they’re working from. It pushes up seamless communication between the team members. It has a clean, easy-to-use interface that allows users to interact, engage, and collaborate. Some of the most impressive TM features include unlimited groups, unlimited message history, incognito window for a confidential chat, data records, storage up to 1 TB, and more. Troop Messenger has been designed as a compact tool for small, medium, and large enterprises. This high functionality, low-complexity tool addresses various domain specificities. TM allows admins to add vendors, suppliers, and freelancers as orange members who get restricted access to the workspace. Troop Messenger can be integrated with essential apps like Dropbox and GoogleDrive. With Troop Messenger, your team can migrate their files, documents, and do a lot more than texting. It is possibly the best work from home communication tools your team needs during these unsettling times. 4 More tools to Keep your Teams Sorted We get it. When it comes to employee and customer management, there’s no one-size-fits-all solution. Different teams have different collaboration requirements. If team A’s priority is video conferencing and screen sharing, Team B’s might be collaborative editing. Having said that, we’re adding below 4 more tools that can help you master other aspects of remote collaboration: Video Conferencing and Webinar Software  Task and Project Management Software  Remote Support or Desktop Access Software  Employee Tracking or Monitoring Software Together, this software can provide a productive remote experience for companies of different requirements, sizes, and capabilities. Zoom for Video Conferencing Whenever it comes to remote collaboration tools, no one can skip considering Zoom. It’s one of the best team communication apps everyone has heard of. Zoom provides a virtual space that helps teams to interact remotely, share ideas, and leave comments on files in real-time. Zoom’s video conferencing feature offers a simple yet interactive way of keeping communication alive. The thread format brings all the team collaboration and communication in one place and makes employee management easier than ever. Zoom, mainly known as a group calling and conferencing app, can help a great deal in managing employees and projects remotely. It offers an amazing quality of video and provides seamless collaboration features. One of the reasons remote teams love Zoom is it allows recording a full-length video. With Zoom, you’ll never have to worry about remote working or video collaboration. Zoom also supports screen sharing - a feature that can facilitate combined discussions between the distant teams. Via Zoom app, you can share the screen and also use the annotations features to draw and write on the screen. This makes communication more engaging. Other zoom solutions include meetings, Zoom room, voice sharing, business IM, and more. Zoom is easy to use. It has straightforward pricing. Zoom’s USP: Recording the video conference or call is a tremendously useful feature 3. ProofHub for Project Management ProofHub is one of the high-functionality collaboration and productivity software. Ideally known as project management software, ProofHub has earned the trust of hundreds of remote teams by bringing everything in one place. On ProofHub, remote teams can have seamless interactions with the clients, suppliers, vendors, and fellow employees. This work from home tool comes with plenty of features like discussion, proofing, and remote project management. There’s also an option to chat for feedback sharing. ProofHub, with dozes of collaboration and productivity features, is one the best tools to manage remote employees. ProofHub, as an all-in-one project management application, is a great tool for teams that require a higher level of efficiency. Remotely, team members can plan and organize different types of projects using notes, lists, charts, and calendars. ProofHub’s USP: Productivity features like proofing, adding timesheets, and track time manually using timers.   4. AnyDesk for Remote Access AnyDesk’s free plan makes it a high-functionality collaboration tool. Known as a free collaboration tool for remote teams, AnyDesk has multiple essential features. AnyDesk offers everything you need to work from home. It has several licenses and features to meet remote collaboration requirements. With AnyDesk, you can connect from everywhere, via any device and through the Unattended access. AnyDesk allows easy access to remote computers from your desk, all with ease. If you require unattended access to your distant employee’s computer, you’ll only need a password, and then you’ll be good to go. You can run AnyDesk from on different platforms like Windows, macOS, Linux, iOS, Android, and more. For the security-conscious teams, AnyDesk has whitelisting and encryption features. They use RSA 2048 encryption to verify every connection made via AnyDesk. You can also control your connection security by whitelisting only trusted desks. AnyDesk supports remote printing, file transfer, On-Screen Whiteboard, and Auto-Discovery features. AnyDesk’s USP: Unlimited EndPoints and Remote printing   5. DeskTime for Employee Monitoring & Tracking DeskTime is an easy-to-use time tracking app which combines features like employee monitoring and productivity analysis. It is one of the best productivity apps for employees. Additionally, this productivity tracking tool helps managers identify the unproductive habits of their employees by sorting apps and web pages into ‘productive’ and unproductive. Apart from tracking their time, DeskTime also automatically calculates the efficiency and productivity of an employee based on the categorization of programs, apps, and URLs. DeskTime allows admins to create employee groups where they can manage the efficiency and productivity for each of the groups. Known as the best time tracking application, DeskTime has features like Shift Scheduling, Absence calendar, Pomodoro timer, detailed visual reports, and daily productivity timeline. The app can also be integrated with other project management apps DeskTimer’s USP: Auto Screen Shots and Detailed visual and downloadable reports.   6. Xtensio If you are looking for something to help you ease the managing and task assigning work, Xtensio is for you! it lets you manage your teams, work and other important things in a swift. Using this, you can create, share and present everything in live documents. It's a cloud-based platform that lets you make impressive and smart documents with the help of free templates, color schemes, images and more. Furthermore, Xtensio has a customized dashboard that let your team collaboratively work. It's safe and all your data is safe within Xtensio. This makes Xtensio more impressive and trustworthy. Xtensio USP:It lets you collaboratively work with teams without any fuss 5 Tips to Work From Home During the Coronavirus In the midst of the COVID-19 pandemic, lots of us are facing an unusual challenge of working from home. Things are still not under control and we don’t know for a long we’ll be locked down in our houses. These tips will help you get your work done and also maintain your well-being. 1. Designate a Workspace: Find an area in your room that you can designate as your workspace. It should be well-lit and free from distractions. Make your workspace comfortable with an ergonomic chair you can sit on for hours. Remove unnecessary objects around you. I also suggest getting dressed. Take a shower, wear a dress, brush your hair, and don’t underestimate the power of putting on some nice clothes.   2. Defined Work Hours: The key here is to stay disciplined. You need to have a schedule - when you’re working and when you’re doing other chores. You’ve to treat yourself like an employee. Treat it like a real job. You’ll not get the best work done if you keep shifting from personal chores to professional tasks. You’ll need to hold yourself accountable for your daily schedule. Having a scheduled time will allow you to be present in your home life too.   3. Communicate Have a clear-set communication with your team members. A ten-minute call or video conference with your colleagues will do. The key to steering through these challenging times is communication. Don’t hesitate to reach out to your colleagues or the employer - ask questions and share answers. Break up work hours in a way you can dedicate some time to communicate with others.   4. Master the technology As mentioned before, there are plenty of tools available. Learn to use them for WFH and to stay productive. You can use free collaboration tools like Google Hangouts or other premium software like Troop Messenger for internal collaboration. Project Management tools like ProofHub and Asana can help you achieve team outcomes. And a list app like Trello can help you organise the day.   5. Social Media Time-Out Remove all social media extensions. Turn off the notifications in your browser and cell phone. The biggest challenge in work from home routine is the freedom to check our phones and do other unproductive things. You’ll need to block out these distractions by agreeing on ground rules for yourself. Play a pretend game if possible - act as though you’re in your office and you’ve no option but to follow the rigid work hours.    Over to you Now: With all these virtual collaboration tools and productivity apps, it’s likely that remote workers will stay efficient at completing their targets and ensuring productivity.  
With the COVID-19 pandemic, work from home has become a norm and remote collaboration software has ...
saas
23 Jan 2020
The Top 20 SaaS Products and Companies to Watch in 2020
Looking for the list of the top, best, and fast-growing SaaS Startups, products & companies in 2020 of India & Worldwide ?.   Your search ends here.   You can find all the examples of SaaS facts, Saas statistics, Saas Industry and  Saas examples. Read on to know.   Did you know that 73% of businesses plan to launch SaaS products and make all their systems SaaS by 2020?   Swiftly and Smartly, our World is shifting towards ‘Software as a Service’ era. Some of the best saas companies are already there, while most others are likely to follow.   Vendors and businesses are either building new SaaS products or acquiring the existing ones.   Wait for a couple of more years and your workplace will never be the same again.   Believe us or not, a new type of workplace has already emerged: SaaS-powered workplaces that rely less on the office desk, and more on the internet connection.   Compared to a conventional company, a SaaS company is 52% more likely to attract better talent, and in that process, succeed more.     While these statistics may surprise a few people, there’s no denying the fact that the way businesses operate, and the way services are consumed is changing.    List of saas content   1.  What is SaaS and its Definition 2.  Examples of saas companies 3.  SaaS Solution: Advantages 4.  SaaS Startups: Facts & Statistics 5.  Categories of saas companies 6.  SaaS Products and Companies What is SaaS and its Definition Software as a Service (SaaS), is one of the variants of cloud-based services where instead of downloading software in your business network or installing it in your PC to run and update, you instead get to access an application directly from the internet browser. The software application can comprise anything, from unified communications at the workplace to office software among an extensive list of business applications that are available.   Examples of saas companies BigCommerce Troop Messenger Salesforce Google Apps Dropbox MailChimp Hubspot ZenDesk DocuSign Slack SaaS Solution: Advantages For consumers: The ability to access the software on any device, at any time, anywhere Better affordability: Subscription basis pricing plans instead of paying a big lump sum upfront Instant software upgrades access For companies: Faster deployment of the solution in the company Increase in data security and decrease in software piracy Higher reliability because of scalability options and upgrade on-the-go Compatibility with different platforms, thus covering a wide audience using Windows, macOS X, Linux, iOS, Android, etc).   SaaS Startups: Facts & Statistics By the year 2023, the SaaS products market has been forecasted to have a worth of $60.36 billion, at a CAGR of 9% (Technavio). As per a survey, the number of SaaS products in marketing niches in 2017 was 8,500, which was only about 500 marketing tools in 2007 (PriceIntelligently). The revenue retention rate of leading SaaS companies is 100% (forentrepreneurs.com). 38% of companies are almost running as SaaS companies (bettercloud.com).   73% of businesses are planning to shift as a SaaS company in the next few years (bettercloud.com). 86% of businesses that are using SaaS products have reported having experienced higher employee engagement. (BetterCloud) What kind of multiples category do we see for saas companies?  Customer Relationship Management (CRM) Software Enterprise Resource Planning (ERP) Software Accounting Software Project Management Software Email Marketing Software Workplace Collaboration Software Workplace Attendance Management Software   Top 20 SaaS Products   1.  Dropbox 2.  Troop Messenger 3.  MailChimp 4.  HubSpot 5.  Salesforce 6.  Slack 7.  Time Dynamo 8.  Atlassian Jira 9.  Click2Magic 10.  GitHub 11.  Pluralsight 12.  Workday 13.  Survey Monkey 14.  iBUZR 15.  Veeva 16.  Splunk 17.  Paycom 18.  Wix 19.  TaskRabbit 20.  Teem    Dropbox: Cloud Storage Software (B2B, B2C) About the company: Dropbox is where you bring together all your content and files. More than 450,000 businesses have trusted this SaaS company for its security infrastructure and consider as one of the largest saas company USP Ability to share photos and files without a USB drive Team collaboration from anywhere, at any time.  What worked for them Innovative service and product approach that replaced USB drives and pen drives forever Easy installation process Dropbox offers a multi-language support The app is available on multiple platforms Simple design User-friendly interface High awareness among internet users   Troop Messenger: Team Chat Software (B2B) About the company: Troop Messenger, as an office chat software provides clients with a virtual workplace that can be accessed anywhere, anytime, and used for a great deal of communication and collaboration. From one-on-one messaging to audio/video, calling, live location tracking to file sharing, and integrations, there’s so much to do with this SaaS product and this is considered as one of the fastest-growing saas company USP High Trust Instant messaging platform designed for security-conscious organizations like Defence, Military, and Government organizations. Forkout (Send a single message to multiple users/multiple groups at once) Burnout (private chat conversation window) What worked for them  Reaching out to customers that are looking for Slack Alternatives Enhancing security with multi-factor authentication. Quick response rate Reduced storage cost Reaching out to customers with successful case studies  MailChimp: An Email Marketing Tool (B2B, B2C) About the company: MailChimp is a highly efficient email marketing service provider. Known for its low-cost plans and excellent built-in templates, this SaaS product has helped millions of companies streamline their Email Marketing needs. USP Sending ‘Superior Auto Responders’ is the Unique Selling Point of MailChimp Specific strategies of customer retention & acquisition MailChimp repeatedly targets their prospective customers by reminding them about the importance of Emails. According to their website, Email averages $52 ROI for every dollar spent. All in One Marketing Plan Personalized behavior-based campaigns Creation of marketing content using different audience tools What worked for them? This SaaS product Offers 4 flexible pricing plans for different types of businesses. The Free plan with all the basics for startup businesses helped MailChimp make a mark in the industry.   They nailed it further with additional plans like Essentials, Standard, and Premium: All designed to improve the insights for growing businesses in need for more customers   HubSpot CRM: Customer Relationship Management Software (B2B) About the product: HubSpot’s CRM is designed to offer a sales team a platform to create company profiles and contacts, and neatly organize every detail they need for streamlining communication with the customers. This SaaS product is one of the most biggest integrated CRM available in the market. USP: Easy blending with all the ongoing sales process is HubSpot CRM’s USP. The tool can be easily integrated with: Microsoft Google Dynamics SugarCRM BaseCRM Google Chrome Salesforce Zapier Shopify Specific strategies of customer retention Free pricing model with all essential features Frequent mapping out of customer experience Highlight case studies during their sales and marketing processes. What worked for them? Lead Importing Intuitive Interface Email and Phone Integration Drag and Drop Communicator   Salesforce: A Cloud Computing Service Software (B2B) About the company: Much like HubSpot CRM, Salesforce is also a SaaS company that has established a mark as a CRM service provider. This CRM allows businesses to use the cloud for establishing a better connection with their potential customers and client and consider as one of the best saas companies to work for  Products Example: Salesforce Sales Cloud Salesforce Community Cloud Salesforce Collaboration Salesforce Commerce Cloud Salesforce Platform Salesforce Einstein USP: Every SaaS product of Salesforce has different USP, but when viewed as a bigger picture, Salesforce offers a unique experience when it comes to re-shaping a company into an improved and informational organization.   Specific strategies of customer retention Salesforce has repeatedly worked to be perfectly clear in their marketing messaging. Making Every Employee a Key Player in the customer retention strategy Engaging the marketing leaders and Select Journalists Using Storytelling technique as a key marketing strategy   Slack: A Workplace Collaboration Tool (B2B) About the company: Slack is a messaging application that boasts of having onboard companies like BBC, Oracle, IBM, and more. This workplace collaboration tool is a SaaS product, an outcome of innovation coupled with exclusive marketing hacks.  USP: One of the primary reasons that led to the growth of Slack is that they never compromised or lost on the human touch during their journey towards growth. With Slack, you get a bright, bubbly UI, with great interactions that have helped the company create a personality for their product. Slack, like a SaaS product, provides a distinguished experience that lingers with each login. Specific strategies of customer acquisition & retention Fair Pricing Policy Growth acceleration via thousands of integrations Great implementation of customer feedback What worked for them? Slack didn’t build too many features, rather focused on establishing a few of them very well. For example, they focused on the three main features: Search, Synchronisation, and File Sharing. These three features have given slack a real competitive edge in a market that has witnessed the entry of many tech-giants.   Time Dynamo: Attendance Management Software (B2B) About the Product: Time Dynamo is a work-force attendance management software designed to ease the efforts needed for employee attendance and recording in a large enterprise. Tvisha Technologies, an Indian based SaaS company, has developed Time Dynamo, which cuts down on the labor costs through tracking the presence and absence of employees.   USPs Biometric Integration Attendance Tracking Analytics and User Report Payroll and HCM Integration Specific strategies of customer retention Re-engagement of customers Leveraging of customer feedback Over Delivering on the promise What worked for them? The SaaS product’s ability to allow real-time attendance has helped it get an identity in the market. The company reached potential clients and frequently reminded them of the importance of a one-stop resolution and a ‘to-go’ software for attendance management.   Atlassian Jira: Software project management tool (B2B) About the company: Atlassian is a SaaS company with several SaaS products. Atlassian Jira is one of the project management tools that is used by agile teams. This SaaS product is built for software teams that are planning to plan, release and track great software. USP Roadmaps for communicating plans with the stakeholders and employees Kanban boards for full visibility Easier configuration What worked for them? Agile reporting feature has worked in favor of Atlassian Jira since it allows teams to have access to over a dozen of real-time reports and also out-of-the-box and actionable insights into their team’s performance: Sprint Report Version Report Velocity Chart Burnup Chart Calculative flow diagram   Click2Magic: Customer Live Chat Support Application (B2B) About the Product: Click2Magic, a SaaS product, is a Live Chat Support Application by Tvisha Technologies, an Indian based SaaS company. Using Click2Magic, you can seamlessly connect with your customers and simultaneously resolve their queries. USP:Agents get to stay in touch with the customers and resolve queries even when they are not at their desk, i.e., anytime and from anywhere. What worked for them? Help Centre for valuable customers through Mobile and Web Application Provide Support even when agents are on the move Availability for both iOS and Android devices   GitHub: Software Development Program (B2B, B2C) About the Company: GitHub is a software development platform. Using GitHub, you can host and review codes, build software, and manage projects alongside 40 million developers. GitHub, as a SaaS product, offers users to take collaboration to the next level with many administrative and security features designed especially for teams. USP: Bringing together teams to work through problems, share ideas, and learn from each other along the way. Specific strategies of customer retention Building a most important social network for software engineers Developing a massive code repository Word of Mouth by Superfans What worked for them? Facilitating integration of tools that a user has been using through integrations Freemium pricing plans Welcoming Open Source   Pluralsight Skills: Technology Skill platform (B2B, B2C) About the Company:PluralSight is a technology Skill platform that provides web development training, IT certification learning, and on-demand skill training for employees to help their career move forward. Using this SaaS product, you can upskill your team into a better workflow efficiency and modern roles USPsTraining modules trusted by companies of different sizes to help them scale their business further. What worked for them Targeting the companies that faced backlash due to unskilled labors Making Skill Development a strategic priority Safeguarding against the security threats Software Dev Teams IT OPS teams    Workday: Cloud ERP System for HR, Finance and Planning (B2B) About the company: Workday is an enterprise-level SaaS company with multiple SaaS products used for financial management, human resource management, and planning. With this tool, employers can oversee time tracking, employee data, expense management, financial accounting, and procurement. USP A single, comprehensive, and all-in-one system for three things: HR, Planning, and Finance. Handling of accounting tasks from an analytical perspective, native accounting functions   What worked for them? Onboarding popular SaaS companies like TripAdvisor, Netflix, Airbnb, and National Geographic. Offering an Easy-to-Interpret Dashboard Visualisation Personalizing each employee’s education with interactive materials and tailored lessons   Survey Monkey: Surveying tool (B2B, B2C) About the Company: Survey Monkey, a SaaS product, helps the companies from different industries get the feedback they need, and seek answers to the questions they’ve been waiting for, and simultaneously ensures prioritising the trust, and sustaining data security.   USP Turn feedback into Action Easy to measure feedback Fully White-labeled Surveys Employee Engagement features Market Research features for keeping track of industry and market trends   What worked for them? Onboarding leading companies like Hp, Box, Lyft, and more. Quick Insights of survey results with summaries and automation charts Analysis of text responses with Sentiment Analysis and Work Cloud Fastest Survey Creation Customization with dozens of survey themes   iBuzr: Cross-platform instant messaging application (B2B) About the Product: iBUZR is a non-intrusive messaging platform developed by Tvisha Technologies, SaaS company, which sans the bother of being disturbed constantly. Users can exchange texts, images, audio messaging and videos for free. USPs: Quick Messaging: You can choose from existing templates to send a reply or create your own message as well. What worked for them: iBUZR meets the need of modern-tech savvy and extremely busy people who find it annoying to type long sentences as a reply, and would rather want something direct and ready-made to communicate.   Veeva: Cloud-Based CRM (B2B) About the company: Veeva Systems is a CRM app that has been built on the Salesforce, and specifically designed for businesses in the biotechnology and pharmaceutical industries. Using Veeva as an excellent SaaS product, the pharmaceutical companies can manage their sales, follow health industry regulations, and also control the operations. USP Account Identifier for an additional way of labeling accounts Coaching reports Surveys Account plan dashboard that helps manage activities around key accounts   What worked for them? Offering Veeva CRM for iPhone and Android phones Offering actionable insights through deploying questionnaires Targeting a specific industry   Splunk: An App that turns Data into actionable Insights (B2B) About the Company: Splunk is a SaaS product that captures, correlates, and indexes the real-time data into a searchable repository that is used for generating graphs, reports, visualizations, and alerts as well. It’s chiefly a horizontal technology that is used for web analytics and application management. USP Turn Data into Action Get a Complete View of relevant data from the organization’s system Designed for data-driven future What worked for them? Faster Investigations enabling users to fix issues in real time Reduced downtime that keeps a mission-critical app up and running Faster time to innovate and improve app release Engaging with the community of experts   Paycom: Human Capital Management Software (B2B) About the Company: With Paycom, you can pay your employees on time and accurately. The payments are processed faster so that your efforts to hire, retain, and engage employees are never blemished by errors. USP Eliminate the frustration of manual data entry One system of record for all employees Online payroll processes Payroll Tax management Payroll Analytics Employee managed data What worked for them? Communicating what the market wants and care about Highlighting all the advantages of SaaS products in a classy way Telling a story about their product   Wix: Website Creation Tool (B2B, B2C) About the Company: Wix is a highly intuitive and easy to use website builder. It has a great many features that make designing easy and offers good value for money. This SaaS product is recommended for website builders of different niches. USPs Over 500 designer-made templates Drag and Drop tool for customization requirements Custom Domains Mobile-Friendly What worked for them Offering a platform where one can create a website and manage the business as well- at one place Facility to build customer relationships right from the website Dedicated Support team to help customers along the way   TaskRabbit: Online and Mobile Marketplace (B2B, B2C) About the Company: Taskrabbit, a SaaS company, connects the everyday service providers like plumber, carpenter, movers, electricians with house owners, which means the people who need those services. With TaskRabbit, you can get more done in less time by connecting you instantly with skilled taskers that can do odd-jobs and errands, so you can be more productive at your job. USPEveryday life made easier by connecting taskers and people seeking help for odd tasks. What worked for them? Facilitating an easier interaction between both parties GPS location tracking Easy selection of taskers through genuine reviews   Teem: Workplace Experience Software (B2B) About the Company: Teem is a space booking software that makes it easier for businesses to plan and schedule seminars, workshops, conferences, and meetings. With this SaaS product, you can facilitate a seamless and very flexible booking wherever and whenever you want. USPs Seamless space booking wherever and whenever you want. Secure and effortless visitor management What worked for them Analytics that help businesses create a better workplace experience Web-based visitor experience to improve security and save time Navigation and wayfinding solutions that make it easy for attendants to find their way   HelpCrunch: All-in-One Customer Communication Platform (B2B, B2C) About the Company: HelpCrunch is an omnichannel customer communication tool that combines live chat, help desk, email automation, popups, and knowledge base. With HelpCrunch, you can deliver proactive customer service in real time, create email marketing campaigns, and boost sales without switching between the channels. USPs: Omnichannel customer communication platform Shared inbox Continuous communication Proactive engagement What worked for them? Technological and financial partnership with UniSender Integration with Slack, WordPress, Squarespace, Shopify, and others  Regular new feature releases (custom inboxes, snooze chat, mobile SDKs are the most recent ones) Best in class chat customization Great customer support   Lessons Learned: Key Takeaways To summarise, we can say that a significant number of SaaS Startups have made it big in the last few years. The credit goes to the rapid development of software-related technologies, the growing number of users, product innovation, and the smart marketing techniques these companies have employed. We can see that the majority of these SaaS companies have launched products that reduce manual labor by integrating a smart solution. SaaS companies are now on a runaway train. There’s no sign of stopping. As a result, we are going to witness a new variety of workplaces, called as the SaaS-empowered workplace. SaaS products are certainly creating incredible benefits, including increasing employee satisfaction, bolstering communication, and reducing costs.   With these points in mind, it is safe to assume that SaaS companies are the future, and in order to be future-ready, we need to learn a lot from these successful SaaS products that have made their mark in the highly competitive industry.
Looking for the list of the top, best, and fast-growing SaaS Startups, products & companies in 2...
productivity
18 Apr 2019
Working Remotely: 12 Tools to Manage Remote Employees
You are here on a page that talks about ‘remote tools for business.’ Would it be too early to say ‘your search ends here’? I guess not!. Because, here, you get to review an impartial analysis of top work from home tools for employee monitoring and communication software with pricing details. This blog post needs your undivided attention.! 5 minutes will be enough. Let’s start with the basics.   As days pass by, working remotely have become a trend now.   In the modern-day, it seems quite possible for an entrepreneur or businessman to run their businesses remotely.   For an employee, it’s now possible to work from home whenever he or she wants and be productive enough. Companies nowadays are focusing on their employee’s work-life balance and allowing them to work from their respective houses.   With technological markets enhancing their services every day, there are several productivity tools developed now which allows you to work remotely by the use of newly introduced applications.   This is a optimum way for companies to save money as well when it comes to the usage of computers and electricity. It also helps the employees to become more productive.   Tools and its Specifications   There are several tools introduced in today’s world which you can consider when it comes to working remotely.   Below listed remote working tools are currently ruling the market because of the services they provide:   Remote Working Tools   1. Slack 2. Troop Messenger 3. Proprofs 4. EveryTimeZone 5. Zoom 6. Basecamp 7. Asana 8. Zapier 9. Quip 10. Dropbox 11. Harvest 12. JotForm 13. Rebrandly 14. Timely 15. GanttPRO 16. Kipwise   Slack (Know remote working tool)   When it comes to managing remotely working teams, communication becomes an important factor for all managers. Slack is a chat-based online platform which can be accessed by your team members to communicate with you or other team members in case of any queries or doubts. A few reasons why you should consider this platform   Brainstorming File-sharing Comparing notes and keeping yourselves updated with the recent news of an industry. It can be linked with any other incorporate platforms such as Basecamp, Zoom, MailChimp or Skype.   You can onboard slack application into your company by investing about 6 dollars to 12 dollars per active user, which is cheap and affordable.   The storage limit set by the slack providers is about 10,000 messages or 5 GB data. It is a useful messaging remote tool for your team members which allows you to organize as well as prioritizing on necessary conversations which have to be addressed immediately. It can also be installed in your mobile phones. You can also use this software to build simple blocks, incoming webhooks, bots, commands, and so on. These features make the software for all the remote workers.   Troop Messenger (Work from home communication tool)   This is a comprehensive messaging application where you can deliver messages instantly. It can work for both the small business industries to large-scale industries. With the help of this application, you can connect with your colleagues who may be at different places in the world and cater to your business requirements. You also can get the benefit of upgrading your current technology, in terms of communication to an ultimate next level. The key features are   Pinging users and audio calls Video calling services Instant messaging and Customer support services through the year Forming groups to collaborate with all the members of your team. You can pay about 1 dollar to 5 dollars per month for an active user. This software supports any instant messaging platforms such as Gmail, FaceBook, Skype, etc. These were some tools which are currently dominating the market, and a lot of companies are availing benefits from using the applications. If you want to make profits and improve your work culture by using technology, the above-listed tools are some best options available for you.   Proprofs (All in one remote working tool)   This knowledge base software application can be utilized to empower your team members who are working remotely. Best features of this platform are –   Your teammates can produce user guidelines, FAQs, documentation for clients and employees. It develops employee efficiency significantly. It also promotes sharing knowledge with your team members and keeps them posted about the latest updates. It also features reporting tools which help the manager in extracting employee statistics and take a decision accordingly.   You can use this application by paying 9 dollars to 80 dollars per active user, based on the services you choose.   This is considered to be one of the best remote tools which have been introduced in the technological market, so far. Some of the best company’s platform this software supports are Sony, CISCO, DHL, Ford, Yale, Dell and so on. The user-friendly navigation within the software makes it the best platform for the remote workers to use this software.   EveryTimeZone (Time Tracking Tool for Work from home teams)   If you are looking for the best remote collaboration tool, then EveryTimeZone application would be the best tool for you. Advantages of using this application are –   You can keep a track of people or team members who are available for you to work and who is out of reach across the globe. It helps in solving your problem by displaying the time zones around the world. Assists in identifying your co-worker’s time and determining whether it would overlap with your time zone. It would cost you about 12 dollars to onboard this application into your firm or company per active user. It supports systems used in Amazon, CentOS, Debian, Oracle Linux, and so on. Assessing the time zones become easier with the help of this software and is considered to be user-friendly. This is why most of the remote workers across the globe use this software. It has the capability to store about 500GB of data.   Zoom (Virtual Collaboration Tool)   It is considered to be the best application when it comes to remote working tools. Key benefits of using this application are   It helps you to share your screens with your colleagues easily who are working remotely in different places in the world. A perfect tool for your teammates and permits about 25 participants to share their screens and be a part of it. Each meeting conducted using this application can last up to 40 minutes. You can also share files and messages using this application.   While the basic application for business purposes would cost you for an active user about 19.99 dollars per month allowing 100 participants to share their screens, you can also opt for high paid plans ranging between 35 dollars to 260 dollars per month, which would allow about 500 participants to share their respective screens.   This software support multiple platforms such as Windows, Linux, IOS, Android, and so on. The user-friendly coding structure of the software makes it comfortable for all remote workers to use this software. It can store up to 1GB of data, depending on the plan you choose.   Basecamp (Remote collaboration tool)   It is an effective tool in time management criteria, you can use the application to share and save confidential and useful documents. Apart from this, some of the other services offered by Basecamp are   Automatic Check-ins. To-do-checklist. Campfires permitting users to chat and respond to questions. Message dashboard is used for making effective discussions for the team. The work can be easily managed by using this application.   You need to pay 99 dollars per active user monthly to onboard this application in your company.   This platform supports web applications, Android applications, podcasts, Mac, etc. The application is easy to use when it comes to installation, which is why it becomes easier for remote workers to use this software.   Asana (Remote Project Management)   It is an effective management remote tool that all your remote workers can make use of. Some of the key benefits of using this application are   It permits you to allocate, cascade and assign tasks and projects to your teammates easily. It assists your team members in keeping track of their progress, for the projects assigned to them while also showing to-do checklists of an individual team member. You can also upload several attachments from your computer into the shared drives or Google Docs, Dropbox and many more platforms.   The actual cost to onboard this application in your firm can range between 10 dollars to 12 dollars per active user, every month. There are numerous platforms which Asana software supports. Some of them are Microsoft Outlook, Adobe Cloud, Salesforce, Litmus, and so on. The software is easy to download and can be accessed from anywhere at any time. For this specific reason, it becomes easier for remote workers to use this application. Even though there are no storage limits if you are using this software, you can upload up to 100MB of file per task.   Zapier   It is an important tool to remotely manage your team when it comes to using tools and applications together. Let’s help you in finding out why you need to use this application –   This remote collaboration tool helps in automating your work by connecting all your applications or tools together to ensure that your work becomes easier and smoother. You can also link website applications which can ease the process file or data sharing. You can use this tool to increase the productivity of your team within a short duration of time. You can also sync different platforms such as Dropbox, Skype, Gmail, Buffer, PayPal, etc. which can be accessed easily, helping you in saving a lot of time for your time.   Onboarding this application would cost you about 50 dollars to about 125 dollars per active user monthly basis.   Using this software, you can connect to thousands of other tools and applications which uses their storage capacity to store your data and information.    Quip      If your team uploads a lot of documents daily on platforms such as Google Docs or Dropbox, you can make use of this remote collaboration tool named as Quip. Advantages of using this application are   It is a document editing and sharing tool which also compatible with Andriod and Apple IOS platforms. You can install this application on your phone or tablets which you can access from anywhere at any time to upload any necessary documents which would help you in taking effective decisions. The tool also notifies you with the name of the users who have recently used or modified the document. You can use this application to save sensitive conversations and train newcomers accordingly.   It would cost you about 30 dollars per month for an active user to onboard this application. You can install this software as it supports platforms such as Jira, TaskRay, PDFfiller, smartsheet, altify, etc. You can integrate your sales department to work using this application. There are no restrictions when it comes to storage.   Dropbox    Considered to be one of the best platforms, which currently dominate the market, Dropbox permits you to invite your team members to interact on folders or files. Some other benefits of using this application are –   It integrates magnificently with other office tools and software, such as Microsoft office. You can integrate the application with all the applications which require downloading and uploading files and uses APIs to function. This will help you in improving collaboration, streamlining workflows of tasks, securing contents and data, and so on. You can onboard this application in your company by paying 50 dollars per month for an active user. It’s easy to use and upload files. Owing to this feature, it becomes easier for remote workers to download this application and use it for their benefit. It will allow you to store about 2GB of data.   Harvest (Employee Monitoring Tool)   Considered to be the best tool in tracking your employee’s working time, this application is easy to use. Why use this application?   You can track your team member’s login and logout time and accordingly create timesheets. This tool provides insight reports which would allow taking an effective decision for your business in terms of profits, invoices, payments, integration with any other preferred tools and so on. You can also sync this tool with any other time tracking applications such as Quip or Zapier.   You can pay about 11 dollars per month for an active user to use this application. You can integrate this software with your applications and tools to increase the productivity of your employees and save time. There are no restrictions when it comes to storage capacity.   JotForm(Online Form Builder) JotForm is simply a productivity tool that many remote workers are utilizing each and every day. With JotForm the users can create well-designed online forms so that they can collect the necessary and valuable data for their businesses without having to go into an office space. Here are the remote work tailored features of JotForm: Collaboration is very easy, as all the users have to do is to share a link with their coworkers so that more than one person can work on the same form at the same time. JotForm is a HIPAA compliant solution, which can be very useful for medical professionals who are using JotForm as a telemedicine tool while working from home. JotForm has hundreds of integrations with your other favorite remote work tools like Slack, Airtable, Square, PayPal... which can work with JotForm seamlessly. JotForm Mobile Forms offers an offline mode, in which even if you are collecting data without internet access while working remotely, your entries can still be saved and automatically synced to your JotForm account when you are back online. You can use JotForm for free for up to 100 monthly submissions! If you are going to need more than that you can receive 1000 submissions per month for $19 a month, 10,000 submissions for $39 a month, and 100,000 submissions for $99 a month. They also offer discounts for nonprofits and students!   Rebrandly (Link management platform) Rebrandly is a link management tool to brand, track, and share short URLs using a custom domain name. This tool enables you to easily create and share branded short links. As a result, you can improve your brand visibility and increase click trust. Key benefits of using this tool include: It is very easy to use and create new, rebranded links for any URL. Many features such as QR codes, link retargeting, link analytics, UTM builder and editable destination URL. The option to create custom-branded URL links along with the power of remarketing in one tool. You will also receive handy analytics and insights of how your links perform on any channel.   Timely(Time management for remote teams) Structure, coordination and visibility are essential for remote work success. By automatically tracking everyone's time, Timely helps remote teams achieve all three without compromising their productivity. The main features for remote teams include: An automatic private timeline of everything you work on each day AI time sheets which expedite reporting on tasks, clients and projects The "People Dashboard" – breaking down team capacity, overtime and hours Real-time project dashboards for tracking budget spend and activity A smart planner for visualizing colleague calendars and assigning tasks An intuitive calendar interface for time boxing your schedule As an employee-first time tracking tool, Timely actively protects remote worker privacy and dignity. It supports autonomy and self-management, enabling employees to manage their schedule and productivity on their own terms. Team plans start at $39/month, with the option to add more seats and scale features as your needs change. Timely has apps for web, Windows, Mac, Android and iOS, so you can manage your time fluidly across your work devices."   GanttPRO (Remote Project and Resoruce Management) GanttPRO is an elegant and intuitive project management software based on Gantt charts. It solves many project-related challenges for individuals as well as businesses of all sizes, up to enterprise level. No matter where your teammates are, with GanttPRO, everyone will know every detail about their tasks, deadlines, projects, and the goals they follow. The key features are Project and portfolio management. Resource allocation and workload management. Team collaboration through comments, file sharing, and mentions. Smart budget management based on duration, estimation, actual cost, and time logged. The Individual plan will cost you $15 per month. Team plans start at $8.90 per user per month. This is considered to be one of the best Gantt chart makers for project management on the market. Lots of world-known companies such as Sony, Salesforce, NASA, Booking.com, DHL, etc. enjoyed its beautiful and intuitive interface packed with robust management and collaboration features.   Kipwise (knowledge management directly within Slack) Kipwise helps remote teams share knowledge effectively and reduce communication lag by ensuring teammates from different sides of the world have access to the information that they need. Their key features include: Powerful Slack integration - Create and search for team knowledge directly in Slack using handy slash command and Slack Actions. You simply don't need to leave Slack to build up your knowledge hub. Real-time collaborative editor - Your team can edit the same doc at the same time and create visually appealing documentation with rich embedding options. Content review process - Set designated reviewers for your content and our system will remind you to review the content to ensure freshness and accuracy. Kipwise also support browser extensions and is integrated with many more tools that remote loves, such as Google Drive, Trello and Airtable. With Kipwise, you can create structured and visually appealing documentation and retrieve team knowledge easily, wherever you need them. To Sum-up with: These were some tools that are currently dominating the market and a lot of companies are availing benefits from using the applications. If you want to make profits and improve your work culture by using technology, the above-listed tools are the best options available for you. 
You are here on a page that talks about ‘remote tools for business.’ Would it be too ear...
slack vs x series
09 May 2020
Slack vs Zoom : Who is Losing the Momentum?
Since the nationwide lockdowns in wake of COVID-19, there haven't been too many stocks that have been spared from the share market massacre. Since February, the broader markets have lost more than a quarter of their value. But for virtual collaboration tools like Zoom and Slack, the scenario is completely opposite. Zoom’s download has skyrocketed. Just take a look at Zoom stock chart and see how COVID-19 changed the game for Zoom video Stock:   Zoom video stock has a strong RS line now. But considering the last few days, there has been a significant loss in the momentum: So, what happened? Why did Zoom lose the momentum? Why did Zoom Stock fall? For the answer, we turn to the pages of today's The Washington Post, which reports "some school districts around the country have started to ban the use of Zoom for online learning from home." These bans come in response to an FBI warning about the phenomenon of "Zoom-bombing" -- malefactors hijacking Zoom teleconferences and inserting themselves into the meetings. Now, this doesn’t mean Zoom is out of the game. Zoom Video stock is trading at a staggering 1,300 times trailing earnings -which suggests that the shares were priced for perfection. Much like Zoom, Slack also benefited from coronavirus lockdowns. Investors started to realize its full potential as a revolutionary product and this happened: But, unfortunately, it is not all sunshine and rainbows at Slack either. There is a massive elephant in the room - Microsoft Teams. Apart from the competition with Microsoft, Slack’s lack of growth still remains a principal concern among investors. And, eventually, Slack too lost the momentum:   Now, if these ups and downs in the Slack stock chart and Zoom stock chart confuse you, and you can’t decide between either of these, this article can help. Slack vs Zoom 1. Slack and Zoom: Key Background 2. How COVID-19 has Impacted Zoom & Slack’s Growth 3. Slack Gained Momentum amid COVID-19 4. Zoom’s growth amid COVID-19 5. Who is Growing Faster 6. Who’s Losing the Momentum 7. Want to Buy Slack Stock or Zoom Stock 8. Verdict   In this article, I’ll share everything you need to know about buying zoom stock or slack stock - starting from the key differences between these tools, current market changes in wake of COVID-19, the overall growth and profitability, and much more. By the end of the article, you’ll be able to make a more informed decision about slack and zoom stock. Let’s start with an overview of both these tools: Slack and Zoom: Key Background Slack as business communication and collaboration tool: Slack as a pioneer communication platform connects the teams with communication and collaboration features. Founded in 2013, Slack became one of the fastest-growing SaaS startups in just five short years. Slack offers a free plan with basic features. The paid plan offers more perks like unlimited apps integration, guest accounts, unlimited message archive, and dedicated customer support team. Slack paid plan starts:  at $6.67 per user per month when billed annually. For larger companies, Slack offers an enterprise plan that costs $12.5 per user per month. Zoom as a Video and Web Conferencing Tool: Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars. Zoom has evolved from an already-successful IPO to a stock market juggernaut worth more than Uber and Lyft combined. Its mobile app has skyrocketed 728% since March 2, 2020. Zoom is designed for larger group meetings. Its free tier allows users to host meetings for 40-minutes. The participant limit in the free plan is 100 people. Zoom’s paid plan costs: $14.99 to $19.99 per host per month. Paid users gain access to more cloud storage and larger group meetings and many more interesting features like auto-transcription and virtual backgrounds. How COVID-19 has Impacted Zoom & Slack’s Growth With the COVID-19 pandemic and the nationwide lockdowns, millions of workers have no option but to work from home. And Suddenly, it’s time for remote collaboration tools like Zoom ZM, +2.51%, and Slack WORK, -1.16% to shine. Amidst the bloodbath in the stock market, business collaboration and communication tools are on a roll — Both Slack stock and Zoom video communications stock have actually been rising. There’s a sudden increase in Google searches for Slack stock and Zoom Stock. Take a look: Since the pandemic lockdowns, the query for slack stock forecast has been on a consistent rise:        And the results are even more fascinating for Zoom. Take a look at Google Trend result for Zoom Video Communications Stock:       In all, both Slack Technologies and Zoom Video Communications are weathering the COVID-19 pandemic better than any other business in the market. Since 2020, Slack's stock has increased by roughly 25% And for Zoom, the numbers are jaw-dropping. Zoom Stock has surged more than 120%. Simply put, Slack and Zoom are gaining significant benefits because of the worldwide stay-at-home guidelines issued by the government. All employers and workers now rely on virtual collaboration tools - that explains why these tools are gaining momentum with mainstream and enterprise users. Let's review Let’s take a took at both Slack’s and Zoom’s growth: Slack Gained Momentum amid COVID-19 Slack’s growth rate, as shared in its quarterly report, looks solid. Here’s what Slack’s Chief financial officer said after it’s post-earnings plunge:   “We finished the year with 110,000 paid customers and 893 customers spending more than $100,000 annually with Slack,” said Allen Shim, Chief Financial Officer at Slack. While we invest in innovation and delivering more value to our customers, we also are showing significant leverage and remain on track to hit our growth phase target of free cash flow positive.”Slack quarterly reports.   Slack’s Fourth Quarter & Fiscal Year 2020 Highlights: Total revenue was $181.9 million, an increase of 49% year-over-year. Calculated Billings was $254.7 million, an increase of 47% year-over-year. Total revenue was $630.4 million, an increase of 57% year-over-year. Calculated Billings was $765.3 million, an increase of 48% year-over-year. Over 110,000 Paid Customers, up 25% year-over-year. Over 32,000 Paid Customers using shared channels, up from over 26,000 at the end of last quarter. Slack’s CEO Steward Butterfield shared his delight about the sudden increase in Slack’s usage. He shared these pictures on twitter. We could see in these charts the newly created Slack teams. The first chart is from March 12th, the second is from March 16th, and the third IS from March 23rd. Take a look:         Overall, Slack is winning not just as against the status quo but also against its competitors.   Zoom’s growth amid COVID-19 Slack sure has witnessed a spike in sales and usage. But Zoom generated more traffic, downloads, and sales than Slack in the last few months. Unlike Slack, Zoom didn’t disclose it’s exact number of paid users last quarter. But Zoom announced that its total number of users rose to 86% with over $100,000 annual revenue. Zoom also stated that the number of customers grew 61% to 81,900. According to Apptopic, Zoom saw about 600,000 new downloads last Sunday - which is the highest ever download in a single day. “Zoom sits atop Apple’s rankings of the most popular free apps in dozens of countries, according to data from analytics company App Annie. Investors love it, at least for the moment. The Zoom Technologies stock sells for 58 times revenue, compared to a price-to-sales ratio of 8 for Microsoft, and it’s gained 26% since Feb. 19, while the S&P 500 has plunged 32% over that stretch.”Jordan Nover, CNBC Zoom Usage Highlights: During the Covid-19 pandemic, Zoom witnessed an increase of 67% between Jan and mid-March 2020 (Apptopia) During the Covid-19 outbreak, Zoom was used by 90,000 schools in 20 countries to teach remotely (Zoom) March 30, 2020, saw 4.84 daily mobile US users (a 151% increase year-on-year) (Apptopia via Reuters) Over the 2020 financial year (2019), 641 Zoom business customers were worth $100,000 or more, up to 86% (Apptopia) Zoom expects a revenue rise of 63% to 65% in the next quarter, which clearly beats their expectations for 53% growth. Who is Growing Faster: Zoom Stock vs Slack Stock It’s clear both Zoom and Slack are having a gala time. But as the trends show, Zoom is way ahead when compared with Slack’s growth. Take a look: Revenue Growth of Zoom and Slack:   Revenue Growth (YOY) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Slack Technologies  47% 52% 47% 49% Zoom Video  103% 96% 85% 78% Source: Slack and Zoom Quarterly Reports It’s clear. Zoom is leading - leaving behind many of its competitors. Let’s have a few more statistical insight on Zoom’s growth over the last few months.   Which one is more profitable: Zoom Stock vs. Slack Stock? As the table depicts, Zoom is trading like a cult stock. So If you’re weighing options between Zoom technologies stock and slack stock, you’ve to see these statistics: Zoom daily downloads: January 2020 56,000 February 2020 1.7 million March 2020 2.13 million (Source: Apptopia via The Guardian and The Economic Times)   Zoom Revenue as of FY 2019: Q1 2019 $121.5 million Q2 2019 $60.1 million Q3 2019 $74.5 million Q4 2019 $90.1 million FY 2019 $105.8 million (Sources: Zoom and AlphaStreet) Zoom Revenue Forecast Q1 2020 $122 million Q2 2020 $145.8 million Q3 2020 $166.6 million Q4 2020 $188.3 million FY 2020 $622 million (Sources: Zoom and AlphaStreet)     Zoom Market Cap and Valuation: 1 July 2019 $23.6 billion 1 October 2019 $20.7 billion 3 January 2020 $16.1 billion 30 March 2020 $40.5 billion (Source: Macrotrends)   Zoom Technologies Stock Price: 1 July 2019 $86.86 1 October 2019 $75.81 3 January 2020 $68.72 30 March 2020 $146.12 (Source: Macrotrends and TechCrunch) Keeping these numbers in mind, one can see how Zoom’s net profit and usage has surged over the months. On a non-GAAP basis, Zoom’s net revenue increased more than six times to $101.3 million. Zoom is also expecting its non-GAAP EPS to rise 20%-29% in 2021 and it trades at 42 times its revenue forecast. Who’s Losing the Momentum? Slack Stock or Zoom Stock When you look at Slack in context to Zoom’s growth, Slack definitely seems to be losing the grip. If you’re considering buying slack’s stock, you have to know it’s not as profitable. We are saying that considering the cost of hosting, expanding, and promoting its servers continually offset its revenue from the paid customers. As you can see from their quarterly report, its net loss increased from $140.7 million in 2019 to $571.1 million in 2020. On the non-GAAP basis that excludes its one-time expenses and the stock-based compensation, Slack’s total loss narrowed very slightly from $115.8 million to $113.4 million. In simple terms, Slack expects to remain an unprofitable business despite the COVID-19 pandemic. When you compare Slack stock price with Zoom stock price, you can see Slack trades at 16 times the total revenue estimate for 2021. On the contrary, Zoom is trading at 42 times the revenue forecast. Slack’s Stock Forecast Slack is subject to the forces wreaking havoc across the economy. Slack’s Stock has tumbled 20% in extended trading. In the current quarter, revenue will be $185 million to $188 million. The Analysts projected $188.4 million. Excluding some items, the loss will be 6 cents to 7 cents a share. Analysts, on average, estimated 8 cents, according to data compiled by Bloomberg. Want to Buy Slack Stock or Zoom Stock: Consider These Points First Sure, both Slack and Zoom’s growth has surged amid the Coronavirus pandemic. Even before the lockdowns, these tools were taking the market by storm. But there’s another side of the coin that you’ve to consider before buying zoom or slack stock. So far you know who’s growing by what margin and which stock may be profitable. Now, let’s have a quick overview of why you should think twice before buying any of these stocks: Things to Consider when buying Slack’s Stock: Slack is fending competition with bigger rivals like Microsoft Teams -that witnessed even her surge in usage rates throughout the COVID-10 Pandemic. Slack’s net loss widened from $140.7 million in 2019 to $571.1 million in 2020. Slack's net loss only narrowed slightly from $115.8 million to $113.4 million. Analyst’s projected loss of 6 cents to 7 cents a share, and Slack reported an adjusted loss of 4 cents a share Things to Consider when buying Zoom’s Stock: A series of Zoom security blunders in the last two months sparked questions about its ability to help the security-conscious organization - that caused several customers to ban the app and go against its rivals. A report claimed that over 500,000 Zoom accounts have been hacked and are being sold on the dark web. In short, Zoom is still vulnerable to hacking attempts. Verdict: Wait for a Deeper Pullback Before Buying Zoom Stocks There’s no doubt that the COVID-19 crisis has lit a fire under team collaboration and communication tools like Zoom and Slack, but Slack still is far away from narrowing its losses. It’s also trying to fend off the competition with Microsoft and other Slack alternatives in the market. On the other hand, Zoom is trading like a cult stock. If you’re considering making an investment in either of these tools, Zoom may sound like a safe choice but Zoom’s vulnerability to hacking attempts has become a growing pain. It has caused so many businesses to ban the platform. Zoom needs to resolve it’s security issues before the hackers permanently trash its accountability and reputation. If Zoom can address such issues, it is definitely a better buy than Slack. But If you were to make a decision now, the best would be to wait for a deeper pullback before getting any shares.
Since the nationwide lockdowns in wake of COVID-19, there haven't been too many stocks that have bee...
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