Why Collaboration Is the Key to Business Growth

Collaboration refers to 2 or more people working collectively to design, develop, test and manage workflows. Collaboration is turning out to be more entrenched in how we work. As per the 2017 WorkPlace Productivity and Communications Technology Report, more than two-thirds of employees’ time, or six hours out of 9 hours worked, was spent in communicating with other people.

Likewise, a study done by Planview discovered that:

• 38% of respondents worked on cross-functional teams.
• 70% worked with people both inside & outside of their organization.
• 28% worked with team members placed in different nations.

The rise of remote working, especially in 2021 is also driving collaboration. Being a project manager, you perhaps manage team members who work remotely. Also you may work remotely and need to manage the project team from a different location to the rest of your team.

Successful collaboration provides numerous advantages to organizations including:

• Fast problem resolution
• Enhanced communication within and between departments
• Better understanding within and between teams
• Clear liability for tasks & deliverables
• Engaged workers, leading to greater retention rates
• Faster decision-making
• Improved knowledge sharing and communication among team members
• Improved Stakeholder communication

Collaboration is also the key to business growth. A 2017 survey published by the Harvard Business Review found that:

• 81 percent of respondents felt both external and internal collaboration was key to their present success.
• 68 percent of those who were prioritizing were ahead of their competitors.
• Organizations reporting ten percent growth in the preceding 2 years were also focused on collaboration.

Of late, the large number of tools and apps accessible has risen up the drive for collaboration. Now teams can chat, share and co-edit documents, allocate work, prepare reports, automate tasks employing workflows and more no matter where they are.

Why opt for project management and collaboration software?

Collaborative software helps teams to plan, manage, and track projects by assimilating crucial information & communication into one secure location. There’s no scarcity of project management and collaboration software on the market at present. At KL iTech Solutions, our project management and collaboration software enables collaboration with internal and external parties by gaining access to the information and functionalities they require.

With deep industry knowledge, state-of-the-art technology and interface design, our RFI management software is fully integrated and brings digital transformation across all industries. Through our robust software suite, your team will get all of the project management tasks including changes, contracts, correspondence, drawings, documentation, quality control, scheduling, etc. So why wait? Contact KL iTech at info@klitech.in for more information.