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
Fully Autonomous Cars: How’s It REALLY Going To Work?

Fully Autonomous Cars: How’s It REALLY Going To Work?

Pros and Cons and What the Experts Think Science fiction meets reality, and modern civilization is excitedly looking forward to the ubiquity of self-driving cars. However, an omnipresence of fully autonomous cars won’t happen as quickly as even some hopeful experts anticipate. While the autonomous car pros versus the cons race (See infographic discovered via…

The Lighter Side Of The Cloud – Bottlenecking

The Lighter Side Of The Cloud – Bottlenecking

By David Fletcher Please feel free to share our comics via social media networks such as Twitter, Facebook, LinkedIn, Instagram, Pinterest. Clear attribution (Twitter example: via @cloudtweaks) to our original comic sources is greatly appreciated.

Recent Articles - Posted by
Fintech Systems, Advancements and Investments

Fintech Systems, Advancements and Investments

Fintech Growth According to a recent report, global investment in fintech companies including both venture-backed and non-venture-backed businesses reached $9.4 billion in the second quarter of 2016; investment in venture capital-backed fintech startups, however, fell by 49%. Nevertheless, the Pulse of Fintech, published jointly by KPMG International and CB Insights, suggests venture capital investment in…

How Identity Governance Can Secure The Cloud Enterprise

How Identity Governance Can Secure The Cloud Enterprise

Securing The Cloud Enterprise Cloud adoption is accelerating for most enterprises, and cloud computing is becoming an integral part of enterprise IT and security infrastructure. Based on current adoption trends, it’s clear that the vast majority of new applications purchased by organizations will be SaaS applications. The allure is evident, from cost savings to speed…

Multi-Cloud Integration Has Arrived

Multi-Cloud Integration Has Arrived

Multi-Cloud Integration Speed, flexibility, and innovation require multiple cloud services As businesses seek new paths to innovation, racing to market with new features and products, cloud services continue to grow in popularity. According to Gartner, 88% of total compute will be cloud-based by 2020, leaving just 12% on premise. Flexibility remains a key consideration, and…

Adopting A Cohesive GRC Mindset For Cloud Security

Adopting A Cohesive GRC Mindset For Cloud Security

Cloud Security Mindset Businesses are becoming wise to the compelling benefits of cloud computing. When adopting cloud, they need a high level of confidence in how it will be risk-managed and controlled, to preserve the security of their information and integrity of their operations. Cloud implementation is sometimes built up over time in a business,…

Digital Transformation: Not Just For Large Enterprises Anymore

Digital Transformation: Not Just For Large Enterprises Anymore

Digital Transformation Digital transformation is the acceleration of business activities, processes, and operational models to fully embrace the changes and opportunities of digital technologies. The concept is not new; we’ve been talking about it in one way or another for decades: paperless office, BYOD, user experience, consumerization of IT – all of these were stepping…

Don’t Be Intimidated By Data Governance

Don’t Be Intimidated By Data Governance

Data Governance Data governance, the understanding of the raw data of an organization is an area IT departments have historically viewed as a lose-lose proposition. Not doing anything means organizations run the risk of data loss, data breaches and data anarchy – no control, no oversight – the Wild West with IT is just hoping…

Moving To The Cloud: A Smart Move Or Proceed With Caution?

Moving To The Cloud: A Smart Move Or Proceed With Caution?

Moving To The Cloud You hear it over and over again: The future of computing is in the cloud. Businesses should be moving to the cloud. If you’re not in the cloud, you’re behind the times. But trusting your essential data to a cloud may sound like a dubious proposition. Below are some of the…

The Industries That The Cloud Will Change The Most

The Industries That The Cloud Will Change The Most

The Industries That The Cloud Will Change The Most Cloud computing is rapidly revolutionizing the way we do business. Instead of being a blurry buzzword, it has become a facet of everyday life. Most people may not quite understand how the cloud works, but electricity is quite difficult to fathom as well. Anyway, regardless of…

The Cloud Is Not Enough! Why Businesses Need Hybrid Solutions

The Cloud Is Not Enough! Why Businesses Need Hybrid Solutions

Why Businesses Need Hybrid Solutions Running a cloud server is no longer the novel trend it once was. Now, the cloud is a necessary data tier that allows employees to access vital company data and maintain productivity from anywhere in the world. But it isn’t a perfect system — security and performance issues can quickly…

Unusual Clandestine Cloud Data Centre Service Locations

Unusual Clandestine Cloud Data Centre Service Locations

Unusual Clandestine Cloud Data Centre Service Locations Everyone knows what the cloud is, but does everybody know where the cloud is? We try to answer that as we look at some of the most unusual data centre locations in the world. Under the Eyes of a Deity Deep beneath the famous Uspenski Cathedral in the…

The Questions of Privacy In The Internet of Things Revolution

The Questions of Privacy In The Internet of Things Revolution

Privacy in the Internet of Things Revolution The Internet of Things (IoT) has been promising a lot to consumers for a few years and now we’re really starting to see some of the big ideas come to fruition, which means an ever-growing conversation around data security and privacy. Big data comes with big responsibilities and…

Utilizing Digital Marketing Techniques Via The Cloud

Utilizing Digital Marketing Techniques Via The Cloud

Digital Marketing Trends In the past, trends in the exceptionally fast-paced digital marketing arena have been quickly adopted or abandoned, keeping marketers and consumers on their toes. 2016 promises a similarly expeditious temperament, with a few new digital marketing offerings taking center stage. According to Gartner’s recent research into Digital Marketing Hubs, brands plan to…

Cloud Computing Services Perfect For Your Startup

Cloud Computing Services Perfect For Your Startup

Cloud Computing Services Chances are if you’re working for a startup or smaller company, you don’t have a robust IT department. You’d be lucky to even have a couple IT specialists. It’s not that smaller companies are ignoring the value and importance of IT, but with limited resources, they can’t afford to focus on anything…