Mid-sized businesses occupy a unique position in the market and the company size falls somewhere between a startup and a large-scale enterprise. They are most likely to experience growth which brings with them a new set of challenges. Since they have progressed from the small business model with basic management practices, but still have not achieved the level of stability and maturity they are targeting, the mid-market company is in a challenging state. Their dynamic and complex structure requires support from a robust platform like Monday.com software.
Monday.com is a complete work operating system that has several features that are designed specifically to address the needs of a mid-sized business. Any user can utilize the tools included to create, monitor, and manage their work. It has the ability to run the major projects as well as the day-to-day tasks for the company. It combines the basic building blocks with integration options, giving teams the opportunity to build and customize their solutions in the best way possible.
This article discusses some of the advanced features included in the Monday.com software platform.
Key Functionalities
The Work Operating System or Work OS is an open-source platform included in Monday.com cost which teams can use to design and customize their workflows. They can speed up every process and execute them with greater ease. This platform offers a scalable and flexible framework that can adapt to any industry or field. It is completely scalable and grows with the company. The Work OS combines the basic functionalities of project management and task management system and provides the following features:
- Create new workflows and automate processes
- Assign tasks to employees
- Visualize work using tools like Gantt Charts, Timeline Views, and Kanban Boards
- Export and import data and other files
- Streamline internal team communication
- Generate reports and dashboards with visuals that are easy to follow
- Integrate with other third-party software
Monday.com Software Advanced Features
There are some other features that are specifically designed to help mid-sized companies grow and tackle the challenges they face with scaling up.
Company-Wide Network
The mid-market businesses are likely to grow in size and hire new employees for their company. They need a platform that covers all users in the organization and does not only offer functionality for specific teams. Monday.com software can accommodate everyone on the same platform which saves the company from wasting time migrating to another system.
Workflow Foundation
The system offers something unique in the form of building blocks which are functional items that can be dragged and dropped with the team. Users can assemble applications for their work, capture insights, and present data from the same system. The biggest advantage of using Monday.com software is that users can break down and reassemble their workflows at a later stage. They can use the application to create customized work experiences for their employees. The mid-sized companies have teams of different sizes and specializations so they can greatly benefit from these building blocks.
Data Storage
Monday.com software has the ability to store data related to user activity to make sure all information is available at all times. There are separate columns that are called Creation Logs where anyone can easily see which teammate has been assigned to a specific task. They can refer to it when distributing the workload or calculating estimates.
User Permissions
Data security is a major concern for a mid-market company especially when they are transitioning from the startup mode to enterprise status. The complete work system is based on permissions and governance features that only allow specific users to view, update and enter data. They can integrate and automate work based on their job role. The teams have options to work in unique ways so they are complying with all the industrial and organization standards.
Internal Communication
Unlike other project management software, the Monday.com demo gives its users the option to communicate directly through the platform. They can send messages or updates to other team members relevant to their work tasks. It is easier to share updates and employees do not have to rely on long email threads for correspondence. It offers the option of integrating third-party communication tools for messaging, video conferencing, and document sharing.
Status Tracking
One of the most impressive features of the Monday.com software is its progress tracking tool. It adds transparency to the process by giving every employee, team, and group the chance to contribute to initiatives and projects. Managers can easily track everyone’s work and align their goals. There is a workload widget as well which shows how the work is divided amongst team members and displays all tasks on a single timeline.
Low-Code Apps
A work management platform like the Monday.com demo has low-code requirements and teams do not need developers to work on custom widgets, integration, workflows, and applications. Users can deploy applications for commercial use too and the software has the framework to build custom functions. The process is straightforward and accessible to everyone.
Frequent Updates
Most mid-market organizations rely on a traditional system for their workflows, task management, and other processes. They expect frequent software updates but expect the newer version to have all the customizations they have made on their system. Monday.com makes sure all the user preferences are adapted into the new updated tool as well. They encourage users to upgrade and benefit from the new features by promising them a smooth transition process.
The customizable building blocks can be dragged and dropped anywhere so users are able to duplicate their previous settings with ease. The new update will not disrupt the workflow in any way and it comes with a pre-loaded template so users do not have to set it up from scratch.
Facilitate Growth with Monday.com
A mid-market business is unique in size and revenue and they are eager to experience growth. Software like Monday.com can help provide the support they need to navigate the challenges associated with gradual change. They can scale up without any hitches with the help of this centralized platform.