Digitization of working spaces is on the rise as most companies see it as a future proof strategy to optimize their resources. The same is true in case of Coworking companies that have switched to digitization early with the objective to scale and also to gain a competitive edge in the market. It meets the need for a unified, simplified and well connected solution for improved management.
The rise of Coworking businesses over the last decade has been instrumental in bringing forth the dormant entrepreneurial spirit of our generation. While the successes have been reported, the challenges faced by the coworking company owners have also made their way into discussions at various forums. Managing a coworking company isn’t all that easy. It comes with its share of pains.
In recent times, technology has made it’s interventions in the shared workspaces and has transformed the coworking culture. Technology has not only reduced the hassles in operations but also paved the way for multiple possibilities to make their business scalable with the existing resources. Let’s take a look at how a Coworking Software, a complete digital solution, creates a positive impact in a coworking business.
Five ways in which technology impacts coworking business
Optimizing Space with Intelligent Planning – While coworking spaces are all about saving space cost, not all spaces in such offices are utilized to their optimum value. For example, allocating seats according to urgent needs of the member, long queues and booking hassles prevent the cafeteria and meeting rooms from being used up to their full potential. The community lounges and common areas do not cultivate sufficient belonging among the members.
Intelligent space planning with Coworking Software, lets you manage and assess space allocation through an intelligent space planning system makes a huge impact on optimization strategies. With AI, one can get detailed insights into the optimization of every square foot of the space. Manage meeting rooms and desks for complete optimization. Also, real time usage and inside reports offer the ideal analytics to strategize space usage.
Smooth Operations for the community manager – Operational hassles are barriers in day to day experiences affecting productivity of the members as well as the community managers. Lack of connectivity and collaboration can slow down the growth of a coworking business. A major part of the operations personnel’s work is controlling access, ensuring security and managing incidents. Eliminating paperwork entirely and digitizing the process imparts transparency in daily operations like incident management.
Building Employee Community – As coworking spaces have a stable set of audience utilizing their resources, it becomes crucial to continuously take measures to give them great service and amenities to ensure their loyalty and retention. It is also important to make them feel inclusive and bonded to foster community experiences. Such a community becomes a monetizable resource that can be leveraged to drive higher profit within coworking spaces. Community engagement is a great way to ensure member retention and profitability. This also adds to the work life balance of the employees which is a proven criterion for people loving their workplace.
Improve Member Experience – Digitization of the workspace has member experience as it’s main focus. From meeting room bookings to ordering food and beverages, lack of connectivity in shared spaces is a barrier for members in day to day activities. Using printers, booking meeting rooms, ordering food constitute the experience of the members which can be marred by lack of connectivity. Digitization makes such activities quicker, easier and hassle free and imparts improved employee experience.
Work Management for all Sales and Managerial needs – Coworking management software simplify the operations of sales and managing business. Tracking and managing leads reserving booking and other features on a digital platform makes work easier and simpler. Managing the life cycle of various members and tracking their payment process can be achieved effectively with digitized solutions. In addition, the hassles in inventory management can also be avoided with the help of digital transformation.
Coworking management software simplify the operations of sales and managing business. Tracking and managing leads reserving booking and other features on a digital platform makes work easier and simpler. Managing the life cycle of various members and tracking their payment process can be achieved effectively with digitized solutions. In addition, the hassles in inventory management can also be avoided with the help of digital transformation.
Connectivity is the buzzword for companies globally and in coworking spaces, it becomes even more crucial. As offices adapt to the changing needs of the current generation of workforces, technology increases flexibility and independence at work. A digital workplace solution like Jumpree addresses the needs of the coworking members by improving their daily experiences. On the other hand, coworking businesses can leverage the multiple features that help them scale with the existing resources. Know more about Jumpree.