Press Release.
AlKhobar, Saudi Arabia: 22 July 2020: Saudi-based WorkHint recently upgraded its systems and has launched the new B2B Software-as-a-Service (SaaS) management software that helps organizations create a matching platform for different business functions, help reduce operating cost, improve resources accessibility, and facilitate communication between a supply and demand network. Previously, WorkHint was a marketplace connecting management consultants with SMEs to reduce management consultancy services cost on SMEs.
This new SaaS platform can be used in different use-cases and functions mainly: advisory, mentorship, telemedicine, freelance management, part-timer’s management, and several others. With the new management software, organizations can create a platform using Workhint in 3 simple steps: name supply and demand, choose request type, and invite users. The management software helps simplify task scheduling, task tracking and invoicing to enable businesses launch a marketplace model for business functions. WorkHint streamlines the business activities with powerful software automation features for each point in the user’s journey such as customers looking to connect to the supply network, clients looking to automate manual tasks and management and finance teams looking to track costs.
Recently, since the launch some of the leading companies that have adapted WorkHint include: Wa’ed, Aramco’s entrepreneurship arm, Aramco Entrepreneurship Center, Badir Technology Incubators and Accelerators Program, Wadi Makkah, and several others.
Commenting on the announcement, Mahmood AlAbbas, CEO and Co-Founder of WorkHint said: “Since we founded WorkHint in 2013 we are proud of our milestone achievements to-date. With our latest product, the all new SaaS platform can help organizations to quickly go digital. Launching our product at the right time helped some leading companies to battle the storm using WorkHint during the current crisis. With the new range of plans, we are pleased to offer a free service besides the two other paid options to encourage growth and better support in-production applications for enterprises. Our ongoing strategy is to continuously offer products at minimum setup time and cost to help traditional organizations with digital capabilities specially to keep abreast of the current working-from-home normal since COVID-19. Looking forward we are confident WorkHint will forge ahead to be pioneers in this space.”
WorkHint provides companies access to three main dashboards; 1. a primary admin dashboard for the matchmaker 2. a demands dashboard for demand network viewing lists of supplies, send requests, and work with them; and 3. a supply dashboard to receive requests and deliver projects or tasks. The onboarding process involves an invitation link to onboard the users, a messaging system for communicating, a video call facility with easy booking and scheduling. Besides an additional feature to generate invoices automatically by tracking the number of hours.
Recent statistics reveal only around 3% established global companies adopt an effective platform strategy and this has caused many large companies to struggle during the current Covid situation. There is a huge market to be tapped and WorkHint has great opportunities ahead to bridge that gap. The new platform can help enterprises implement a multi-sided platform model for business functions at economical costs, manage efficient remote working and facilitate communication between a huge number of users.
Founded in 2015, by CEO and Co-Founder Mahmood AlAbbas and Co-Founder and CTO, Hrant Abelyan, WorkHint launched as a marketplace platform for SME’s at a time when the model for two-sided network was very popular. The platform was to connect SMEs with independent management consultants who are alumni of big firms and reduce management consultancy services costs. Since then the product has been regularly enhanced with minimal spending on marketing by using the network effect concept. The projects have attracted several leading consultants to work with WorkHint.