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Understanding the Tech Behind the Remote Business Revolution

The remote revolution is in full effect in the working world. 87% of employees are embracing flexible work, eagerly taking employers up on their offer when given the option to work remotely.

Employees are realizing the benefits of remote and hybrid work on their work performance, holistic health, and quality of life. Likewise, businesses also see how beneficial remote work can be for their workflows, employee wellness, and overall operation.

Having said that, successful remote and hybrid work wouldn’t be possible without technology. 

Let’s look at three prominent industries, how remote work and its technologies are infiltrating and the benefits these industries are reaping while adopting more remote and hybrid work.

Source: sloanreview.mit.edu

Healthcare

Healthcare is one industry right in the middle of the remote revolution. There’s been a significant increase in the demand for remote appointments and healthcare services on the patient side. The pandemic saw an uptick in mental health concerns and a decrease in the ability to commute to a doctor’s office. In turn, patients increasingly rely on remote mental health services and other digital healthcare appointments to receive the support they need.

Healthcare facilities, companies, and medical professionals have had to find a way to navigate this demand. Tech solutions were and continue to be the key to that navigation.

For example, although patients can take remote appointments over the phone, video conferencing tools elevate the experience. Patients not only get to attend their appointments remotely, but they also get the comfortability of seeing their doctor’s face and communicating with them on a more personalized level.

Telehealth wouldn’t be nearly as safe and secure without cybersecurity tools. Remote work and services have spotlighted how vital cybersecurity is to the experience. Cybersecurity tools are essential in healthcare because of the sensitive nature of the work and information shared on both sides.

Unfortunately, not all cybersecurity tools are created equal — nor can healthcare facilities control how secure the devices their patients are using to conduct their remote appointments. So, more must be done to ensure telehealth is as safe and secure as possible on both sides. A deeper understanding of this tech is likely the next step in the healthcare sector of the remote revolution.

Source: futureforall.org

Business

Business owners worldwide are also taking advantage of remote work. For one, top talent is likely looking for a hybrid or remote work arrangement to ensure they have the healthiest work-life balance.

To meet this demand, company leaders are offering hybrid and remote work options to stay competitive and increase their chances of landing top talent. They’re also using their global workforces and growing knowledge of how to use technologies to their advantage to help their businesses thrive in the digital age.

However, business owners find communication and collaboration challenging to maintain in a remote workforce. Those two things are critical to a remote or hybrid team’s success. Fortunately, project management software, instant messaging, and video conferencing help ease both critical components of a remote work team.

Business owners have also seen the rise of coworking spaces and technology as we settle into remote work. Coworking spaces allow owners to broaden their employee base while providing high-quality tech tools to support their work without having to foot the bill for them.

The tricky thing about coworking spaces and their tech tools is that the business owner doesn’t own or run them. So, when things go wrong, leaders must rectify them through a third party. That can halt the work of their remote employees, stopping their overall operation for the time being.

Another tech tool business owners are implementing in their remote workforces is employee monitoring software. Many company leaders are hesitant to adopt hybrid or remote work arrangements because they can’t monitor remote employee activity as they can with employees in-office.

Employee monitoring software makes that possible. Business owners can track when their employees clock in and out for work. They can keep an eye on what their employees are doing on company-provided laptops. They can also monitor their productivity by tracking specific key performance indicators (KPIs).

Source: yonseiuiscribe.com

Industrial Services

The industrial services industry is another key industry in the thick of the remote revolution. Industrial services include:

●       Shipping;

●       Manufacturing;

●       Construction;

●       Building maintenance;

●       Landscaping services;

●       Woodworking;

●       General contract work;

●       Engineering.

It may not seem like jobs in these industries can be conducted remotely. In certain circumstances, they absolutely can with the right technology.

For example, automation and artificial intelligence tools allow employees to work remotely in certain manufacturing positions. An employee can operate a picking robot and other machinery from a remote location, so long as they’re adequately trained.

The tough part is the latter. If employees aren’t adequately trained to operate machinery remotely, they can disrupt the workflow and ruin their operating machine. Or worse, they can threaten an employee’s safety who is working in the warehouse.

Cloud computing and storage are also helpful for employees working remotely in industrial services. They can easily store and access any information digitally, regardless of location. The key is to grant only the level of access employees need for their particular position.

Source: ericsson.com

The Demand for More Access to Remote Work

Simply put, employees across all industries are demanding their companies make remote and hybrid work a permanent part of their operations. Flexible work supports holistically healthy and high-performing employees. And that, in turn, sustains a profitable company.

Employees are spending less and less effort fighting with employers about more access to remote work. Instead, they’re choosing to leave companies that don’t allow it for businesses that do. So, if businesses want to keep their employees happy and their operations functional, they mustn’t ignore their workers’ requests for flexible work options.

Conclusion

As you can see, various technologies support remote work in different industries. If businesses want to remain relevant in an increasingly digital world and attract and support highly talented employees, they must focus on implementing — and fully understanding — the right technologies.

8 Common Pitfalls of Contract Management and How to Solve Them

Contract management is about managing a contract with the client to ensure that everyone involved fulfills them. The process covers reviewing, negotiating, and maintaining contracts. It also includes evaluating and implementing new agreements and terminating old ones.

Another crucial part of contract management would be communicating with clients about their needs and expectations. The contract management process involves three steps: negotiation, drafting, and execution.

Since contracts are a critical aspect of any business, you can expect to encounter problems regarding them along the way. Here are eight common pitfalls of contract management that you should know and how to solve.

Contract language and contract clause limitations

Contracts are essential documents; you can use them to manage parties’ expectations. However, for a contract to be effective, it must have the correct language and clauses.

Sometimes, contracts may not have all the necessary elements to bind them legally. For instance, if there is no consideration in a contract, likely, it will not be legally binding.

Contracts may also include clauses that are not enforceable under law or contain unreasonable or excessive provisions. This lapse could cause problems for both parties because one party might use these loopholes to exploit the other party.

To avoid these problems arising in the first place, legal counsel should review any contract before signing it to ensure that it contains all necessary elements and does not violate any laws.

Lack of clarity and scope on the goals

A lack of clarity and scope can cause the following problems:

  • Lack of trust
  • Misunderstandings
  • Delayed deadlines
  • Increased costs for both parties involved

It is crucial to clarify the goals and objectives of the contract to help avoid these problems. This step will help you understand what tasks and goals need accomplishing and how you should do these tasks.

This step is also vital for both parties involved in the contract. They will know what the expectations are for them to do and how they can meet these expectations.

It is crucial for all parties involved in contractual negotiations to be clear about what they want from their partnership. This way, there will be no surprises, and both parties will know what they need from each other and what they should expect from one another.

Source: nycomdiv.com

Limited visibility throughout your contract process

Contracts are a vital document in the business world. They regulate relationships between two parties and define each party’s obligations and rights.

The contract process is long and can be challenging to manage. It includes many steps, such as negotiating the terms of the contract, drafting it, signing it, and executing it.

Limited visibility throughout this process can cause problems in contract management because the people involved might not perform some of these steps correctly or entirely.

There are many ways to solve this problem, including:

  • using an automated workflow for drafting contracts and executing them,
  • using a digital signature service for signing contracts,
  • and using artificial intelligence for contract management

Slow contract turnaround time

Contract management is a crucial part of any company. It helps ensure that the company has a suitable contract for any situation.

Unfortunately, this isn’t easy when a contract requires a turnaround time that is too long. This poor turnaround time can cause problems in the following areas:

  • The agreement may not be ready in time for the next step in the process
  • The company may lose out on opportunities because they don’t have a current contract
  • The company may have to pay more because they are working with an outdated agreement.

To reduce the turnaround time on contracts, consider using tools for Contract Lifecycle Management or CLM tools. It will help you organize your arrangements by date and category so that you can find them easily when needed.

Source: kofirm.com

Lack of standardization and centralization of contracts

The lack of centralization and standardization in contracts can cause problems like vague contract language, no clear definition of responsibilities, or even no mention of what happens if something goes wrong.

The solution to this problem is to create a standardized boilerplate contract that covers all the necessary points that are important for your company and has it reviewed by a lawyer before signing it. This template will help you avoid any future problems with your contracts.

Disorganized management of expiry and renewal dates

Keeping track of the expiry and renewal dates of your contracts is vital. This vigilance will help you manage them better and avoid any problems that may arise from disorganized management.

The first step is identifying which contracts need to be renewed or expired. You can locate them by looking at the contract’s date or checking its status in your system.

Once you have identified which contracts need to be renewed or expired, you can start working on them one by one. Ensure you are renewing or expiring them on time, so they don’t get canceled automatically.

Source: spotdraft.com

Not involving commercial teams in contract negotiations

When businesses did not engage the commercial team in contract negotiations, solving the problems arising from this lack of involvement was challenging.

First, the lack of involvement can cause misunderstandings and confusion when interpreting contracts. To prevent this from happening, one should ensure that all parties clearly understand what people agree upon before signing any agreements.

Second, if there are any errors in the contract or discrepancies with what was agreed upon and written down in the agreement, one should be able to point out these errors or discrepancies and resolve them quickly. This inclusion will help avoid future problems with these contracts later on down the line and ensure that all parties are satisfied with their agreement.

Missed deadlines and contract reporting

Missed deadlines and contract reporting can cause problems in contract management. For example, if a company misses a deadline, it might not be able to deliver the product on time, and this will cause an issue with the contract.

To solve this problem, companies should make sure that they clearly understand what you want from them and what the company expects from them.

For this issue not to happen, organizations must establish a set of rules and guidelines that are communicated with all parties before any contracts are final.

Wrapping up

Contract management is tricky. Knowing the common pitfalls that you are likely to encounter with it can help you be aware of what usually leads to them. That way, you’ll be able to solve them before they even cause significant issues in your business.

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Andi Croft is a freelance writer interested in topics related to business, technology, and travel. She has a passion for meeting people from all walks of life and bringing along the latest tech to enhance her adventures.