(Image credit: Shutterstock / LStockStudio) Spencer Tuttle, VP EMEA at ThoughtSpot And those companies who foster their communities carefully will tend to find their people are happier and more productive, too.' “A business isn’t simply a group of people trying to do tasks. Unlocking insight about how groups of people interact can be incredibly useful when it comes to optimising teams’ happiness, engagement, and, ultimately, productivity.” 'These communications are now increasingly digital - and the power of owning your own community data is becoming more and more important. Being a part of a team who share the same goals and talking to those who understand and empower you can make a huge difference to your state of mind.” “What’s far more important is the ways people connect - and how they align around the things they’re all aiming to achieve together. “Since working from home became the ‘new normal’, many business leaders are starting to realise that the physical locations their staff work from aren’t as critical as they might have thought.” Whether employees are based at home or in the office, channel-based messaging will empower entire workforces to remain productive as businesses continue to navigate this next normal.” Benji Vaughan, Founder and CEO at Disciple Media “Businesses which use tools that provide alignment and transparency are the ones best set up for success. At a time where many teams are distributed, it is no wonder that adoption has surged in the last few months.”

Unlike the fragmented view email gives, channel-based communication grants employees easy access to information, whenever they need it. Even before the pandemic, channel-based messaging platforms began gaining popularity due to the transparency they provide. “Despite its inability to seamlessly align teams, email has been the de-facto form of workplace communication for years. When planning for the months ahead, business leaders need to shift their focus away from productivity gains as a whole, and hone in on strengthening communication across the organization.” With many businesses moving to remote working, clarity and alignment have become more important than ever, and directly impact performance and productivity.

“The current pandemic has underlined the need for improved communication in the workplace. At the very least, businesses should be saving on the conversion fees banks charge by using more modern fintech providers.” Stuart Templeton, Head of UK at Slack Even just holding foreign currency against fluctuations and cashing it back to pounds at the right time can be a productive way to improve margins and make assets work hard for the business. The explosion of fintech innovation has transformed as financial services providers can now provide app or web-driven simple solutions to buy foreign currencies at transparent and low rates, making it easy to manage. Businesses still using their high street bank might still be feeling this pain. Changing, moving, and managing money abroad for buying goods, services, and staffing used to be terribly inefficient. 'It’s not as hard as many, particularly SMEs, might expect - especially the financial management side. For those in the UK it’s not always the default thinking - yet, ‘when one door closes, a window opens’.'

“Businesses often fail to look abroad for opportunities to increase profitability. (Image credit: Shutterstock / fizkes) James Butland, VP of Global Banking at Airwallex

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