Top 25 European Rising Stars 2012: Elastoffice

Top 25 European Rising Stars 2012: Elastoffice

Top 25 European Rising Stars 2012: Elastoffice

Emancipate Office Administration and Filing Work on C9 Cloud, Says ElastOffice

Elastoffice(EO) launched its business operations in mid-2011 in Hungary, but had already conceptualized and made feasible business commitments towards this realization half a decade before. This qualifies the startup as one of the European Rising Stars in a cloud startup sense. It also qualified for the recent prestigious EuroCloud award ceremony at the heart of Europe.

The company specializes in office administration software solutions, using the Cloud C9 as the business and data storage reservoir. It also leverages on day-to-day office paper documentation. The firm does this through its efficient outsourcing model both vintage and digital. The vintage is that of handling documents physically in hard paper, which, as such, can say little about the modern side of the organization. This digital side in fact is where the acclaim of Elastoffice, if it will ever reach fever-pitch, lies. It emphasizes on modern outsource models of papers by scanning hardcopies, digitizing signatures and distributing the digital content in various departments in a fraction of time that it would take to file the same in a in-house  bureaucratic setting.

There are parts that EO deserves, as an approach, in any critique, deriving from its double set of customer services:

  1. For Startups
  2. For Established entities

Here is a look at the startup dispensation of EO. Usually, the company says that it “liberates business” implying that it removes the clogs of administrative and office paper pile up. It says that it can help undertake the same set of work that an internal secretarial team can perform and in fewer hours. Accordingly, the startup’s kind of work is that of entering client’s shoes, per se, and walking them through the pay-as-you-go model. The latter will receive a treat in a few following lines. First of all, it says that it can devote 1-3 hrs, daily, of providing consultation on legal matters. Five more hours go towards injecting accounting work at a charge that reflects the accuracy of any cloud-based job.

This holistic approach of a pay-as-you-go model is rare to office work. One has to remember that files are always pouring in from diverse departments, documentation is under perpetual cycle and edits have to sieve through the hands of a tired secretarial team. Furthermore, there has to be scanning to do, as well as, digitizing and storage in either a CPU or a remote locale. For Elastoffice, the standardization of the cloud C9 helps to deflate the inflexibility that custom office solution providers impose on users. For example, instead of introducing vendor products that will limit the client to single secretarial software, the provider helps with OpenERP. This Enterprise Resource Planning offering, one has to say, is exceptionally smooth as far as working under a multi-application environment is concerned. Thus, whether it is administration or mere office work, the company says that it has got the goods.

Established entities, on the other hand, unlike startups, which outsource both administrative and documentation work, usually delegate partial departments, be it the secretarial or just mere filing section. ElastOffice says that most established entities in the continent usually have to install SAP software which, combining the patent charges and capital expenditure, goes to the tune of multi-million Euros.

By approaching large entities, EO says that it is relegating the burden of responsibility from in-house office teams and costly vendors who usually not only demand machine capital but also impose development expenditure, not forgetting vendor fees, for their installations. Perhaps Elastoffice is lucky that it came into a world where C9 is a better alternative to rigid office solutions, but in any case, it helps to reduce the rise of bile in secretarial departments that need to access their documents anywhere, in terabyte capacity and by using any device.

The operations of Elastoffice that aim to emancipate business are both offshore and physical. This is perhaps a great combination though limiting in its physical dispensation. With its roots in Hungary, widespread operations in Switzerland, as well as, a Romanian entry, it still manages to keep the face-to-face consultative part of the bargain floating. The digital dispensation ranges from, as already the introduction indicates, scanning, documenting, filing, storing, retrieving and profiling. The startup says that there is an allowance for personnel with demanding documents like tax returns and ledger accounts who need to consult personally through their HQ in Luzern in Switzerland or around its Hungarian base.

In a world where there is just a smattering of established ERP Software as a Service providers like Workday and SAP’s line of cloud-based office offerings, it is worthwhile that Elastoffice has come on board. Other than the exclusive appearance to emancipate both startups and dormant businesses from the sharks of fixed vending, it is the dual approach of physical and digital solutions that has earned Elastoffice a place in the Top 25 European Rising Stars.

By John Omwamba

About John

John posses over five years experience in professional writing; with special interests in business, technology and general media. Driven by passion and 'glowing' enthusiasm, he has covered topics cutting across diverse industries with key target audiences including corporates, marketing executives, researchers and global business leaders. John currently freelances for CloudTweaks as a frequent writer.

View All Articles

Sorry, comments are closed for this post.

Comic
Your Biggest Data Security Threat Could Be….

Your Biggest Data Security Threat Could Be….

Paying Attention To Data Security Your biggest data security threat could be sitting next to you… Data security is a big concern for businesses. The repercussions of a data security breach ranges from embarrassment, to costly lawsuits and clean-up jobs – particularly when confidential client information is involved. But although more and more businesses are…

Which Is Better For Your Company: Cloud-Based or On-Premise ERP Deployment?

Which Is Better For Your Company: Cloud-Based or On-Premise ERP Deployment?

Cloud-Based or On-Premise ERP Deployment? You know how enterprise resource management (ERP) can improve processes within your supply chain, and the things to keep in mind when implementing an ERP system. But do you know if cloud-based or on-premise ERP deployment is better for your company or industry? While cloud computing is becoming more and…

Four Recurring Revenue Imperatives

Four Recurring Revenue Imperatives

Revenue Imperatives “Follow the money” is always a good piece of advice, but in today’s recurring revenue-driven market, “follow the customer” may be more powerful. Two recurring revenue imperatives highlight the importance of responding to, and cherishing customer interactions. Technology and competitive advantage influence the final two. If you’re part of the movement towards recurring…

Connecting With Customers In The Cloud

Connecting With Customers In The Cloud

Customers in the Cloud Global enterprises in every industry are increasingly turning to cloud-based innovators like Salesforce, ServiceNow, WorkDay and Aria, to handle critical systems like billing, IT services, HCM and CRM. One need look no further than Salesforce’s and Amazon’s most recent earnings report, to see this indeed is not a passing fad, but…

Cloud-based GRC Intelligence Supports Better Business Performance

Cloud-based GRC Intelligence Supports Better Business Performance

Cloud-based GRC Intelligence All businesses need a strategy and processes for governance, risk and compliance (GRC). Many still view GRC activity as a burdensome ‘must-do,’ approaching it reactively and managing it with non-specialized tools. GRC is a necessary business endeavor but it can be elevated from a cost drain to a value-add activity. By integrating…

LAVABIT, EDWARD SNOWDEN, AND THE LEGAL BATTLE FOR PRIVACY

LAVABIT, EDWARD SNOWDEN, AND THE LEGAL BATTLE FOR PRIVACY

The Legal Battle For Privacy In early June 2013, Edward Snowden made headlines around the world when he leaked information about the National Security Agency (NSA) collecting the phone records of tens of millions of Americans. It was a dramatic story. Snowden flew to Hong Kong and then Russia to avoid deportation to the US,…

Three Ways To Secure The Enterprise Cloud

Three Ways To Secure The Enterprise Cloud

Secure The Enterprise Cloud Data is moving to the cloud. It is moving quickly and in enormous volumes. As this trend continues, more enterprise data will reside in the cloud and organizations will be faced with the challenge of entrusting even their most sensitive and critical data to a different security environment that comes with using…

The Importance of Cloud Backups: Guarding Your Data Against Hackers

The Importance of Cloud Backups: Guarding Your Data Against Hackers

The Importance of Cloud Backups Cloud platforms have become a necessary part of modern business with the benefits far outweighing the risks. However, the risks are real and account for billions of dollars in losses across the globe per year. If you’ve been hacked, you’re not alone. Here are some other companies in the past…

Cloud Computing Is Greener Than You Think

Cloud Computing Is Greener Than You Think

Cloud Computing Is Greener Than You Think Last week we touched upon how a project in Finland had blended two of the world’s most important industries, cloud computing and green technology, to produce a data centre that used nearby sea water to both cool their servers and heat local homes.  Despite such positive environmental projects, there…

Cloud Infographic – Cloud Public, Private & Hybrid Differences

Cloud Infographic – Cloud Public, Private & Hybrid Differences

Cloud Public, Private & Hybrid Differences Many people have heard of cloud computing. There is however a tremendous number of people who still cannot differentiate between Public, Private & Hybrid cloud offerings.  Here is an excellent infographic provided by the group at iWeb which goes into greater detail on this subject. Infographic source: iWeb

Cloud Infographic – The Future (IoT)

Cloud Infographic – The Future (IoT)

The Future (IoT) By the year 2020, it is being predicted that 40 to 80 billion connected devices will be in use. The Internet of Things or IoT will transform your business and home in many truly unbelievable ways. The types of products and services that we can expect to see in the next decade…

Big Data and Financial Services – Security Threat or Massive Opportunity?

Big Data and Financial Services – Security Threat or Massive Opportunity?

Big Data and Financial Services Cloud Banking Insights Series focuses on big data in the financial services industry and whether it is a security threat or actually a massive opportunity. How does big data fit into an overall cloud strategy? Most FI’s have a positive mind-set towards cloud IT consumption as it not only enables…

5 Ways The Internet of Things Will Drive Cloud Growth

5 Ways The Internet of Things Will Drive Cloud Growth

5 Ways The Internet of Things Will Drive Cloud Growth The Internet of Things is the latest term to describe the interconnectivity of all our devices and home appliances. The goal of the internet of things is to create universal applications that are connected to all of the lights, TVs, door locks, air conditioning, and…

Cloud Computing Then & Now

Cloud Computing Then & Now

The Evolving Cloud  From as early as the onset of modern computing, the possibility of resource distribution has been explored. Today’s cloud computing environment goes well beyond what most could even have imagined at the birth of modern computing and innovation in the field isn’t slowing. A Brief History Matillion’s interactive timeline of cloud begins…

Using Private Cloud Architecture For Multi-Tier Applications

Using Private Cloud Architecture For Multi-Tier Applications

Cloud Architecture These days, Multi-Tier Applications are the norm. From SharePoint’s front-end/back-end configuration, to LAMP-based websites using multiple servers to handle different functions, a multitude of apps require public and private-facing components to work in tandem. Placing these apps in entirely public-facing platforms and networks simplifies the process, but at the cost of security vulnerabilities. Locating everything…

Big Data’s Significant Role In Fintech

Big Data’s Significant Role In Fintech

Data Banking Fintech covers a range of financial fields such as retail banking, investments, and lending and thanks to the mobile and internet innovations of late is a thriving sector. Offering improvements which drive customer satisfaction and education in an area previously inscrutable and dictated by gigantic inflexible corporations, fintech is helping put the power…

Battle of the Clouds: Multi-Instance vs. Multi-Tenant

Battle of the Clouds: Multi-Instance vs. Multi-Tenant

Multi-Instance vs. Multi-Tenant The cloud is part of everything we do. It’s always there backing up our data, pictures, and videos. To many, the cloud is considered to be a newer technology. However, cloud services actually got their start in the late 90s when large companies used it as a way to centralize computing, storage,…

Infographic: 9 Things To Know About Business Intelligence (BI) Software

Infographic: 9 Things To Know About Business Intelligence (BI) Software

Business Intelligence (BI) Software  How does your company track its data? It’s a valuable resource—so much so that it’s known as Business Intelligence, or BI. But using it, integrating it into your daily processes, that can be significantly difficult. That’s why there’s software to help. But when it comes to software, there are lots of…

Cukes and the Cloud

Cukes and the Cloud

The Cloud, through bringing vast processing power to bear inexpensively, is enabling artificial intelligence. But, don’t think Skynet and the Terminator. Think cucumbers! Artificial Intelligence (A.I.) conjures up the images of vast cool intellects bent on our destruction or at best ignoring us the way we ignore ants. Reality is a lot different and much…