Romanian tech company seeks partners for adoption of performance management solution under commercial contract

Summary

Profile Type

Business Offer

POD Reference

BORO20240131021

Term of Validity

2 February 2024 - 1 February 2026

Company's Country

Romania

Type of partnership

Commercial agreement

Targeted Countries

All countries

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General information

Short Summary

A Romanian tech company based in Cluj-Napoca offers its technological solution to increase employee engagement and development. The company is looking for long term partnerships with companies and organizations particularly from the IT sector interested in effectively tracking and analysing employee performance, setting and monitoring goals, providing regular feedback and reviews, identifying areas for development, and aligning individual objectives with the overall goals of the organization.

Full Description

This Romanian company is specialized in software product development and organizational development consultancy. In its internationalization process, the company is now offering the technological solution for performance management on a global scale, making its comprehensive suite of performance management tools accessible to a diverse range of businesses and industries worldwide.

Due to it's flexibility, the performance management solution adapts seamlessly to organizational needs. Whether the client chooses to conduct annual reviews, opts for quarterly development reviews, or focuses on project-specific reviews, the solution is an all-in-one platform which includes:
- A complete, user-friendly performance management solution.
- Company, team, and individual objectives
- AI Copilot (in lab)
- A Central Location for all Performance Review Materials.
- Automated, Online Performance Reviews.
- Review Cycles.
- Peer Reviews.
- Satisfaction check-in (related to the company, team, and individual)
- 360-degree Feedback for Accurate Appraisals.
- Question Bank and Feedback Questions.
- Career Paths & Development Plans
- 1 on1 Meetings.
- Employee journey - Significant Events, Accomplishments, and Successes of the Employee.
- Customizable Appraisal Forms.
- It Allows you to Set Roles and Responsibilities.
- Reminders for Complete Tracking of Reviews.

Motivation for internationalization reflects a larger vision of influencing workplace dynamics at a European and global level. This vision centers on two key objectives:

1. Global Enhancement of Workforce Efficiency and Engagement: The company aims to extend its innovative performance management solutions across borders, contributing to improved employee engagement and efficiency in various cultural and organizational contexts. This move aligns with the global trend towards more dynamic and responsive workplace environments.

2. Promoting Cross-Cultural Collaboration and Innovation: By entering diverse markets like Europe, the company seeks to integrate different perspectives and challenges, fostering innovation and setting new benchmarks in performance management.

The company is looking for long term partnership with companies and organizations particularly from the ICT sector, but not exclusively, as the solution has been successfully implemented in a diverse list of sectors including manufacturing.

With respect to the contractual structure of the partnership, they prefer to establish commercial contracts that include technical assistance for implementation and personalization. They are looking to commence business immediately.

For start-ups and SMEs which have up to 20 employees the solution is available for free use, allowing them to leverage a robust performance management system without incurring initial costs.

For organizations with 21 to 101 or more users, several plans are available based on direct discussion with potential partners.

Advantages and Innovations

The cloud-based solution stands out with several unique features and characteristics that distinguish it in the realm of performance management solutions. It is designed to easily adapt to different organizational sizes and cultures, making it ideal for companies looking to expand internationally.

Main key features:
- AI Copilot (In Lab): This innovative feature, currently under development, promises to leverage artificial intelligence to provide intelligent insights and recommendations, enhancing decision-making in performance evaluations.

- 360-Degree Feedback: Unlike many traditional systems, it supports comprehensive 360-degree feedback, allowing evaluations from peers, subordinates, and supervisors, for a well-rounded appraisal.

- Automated Online Reviews: The platform automates the performance review process, making it efficient, paperless, and environmentally friendly.

- Employee Journey Tracking: Unique to the company's solution, this feature chronicles significant events, accomplishments, and milestones in an employee's career, offering a holistic view of their growth and contributions.

- Centralized Performance Data: All performance-related information, including reviews, feedback, and documents, is stored in a central location, streamlining access and management.

Stage of Development

Already on the market

Sustainable Development Goals

Goal 17: Partnerships to achieve the Goal
Goal 9: Industry, Innovation and Infrastructure

IPR status

IPR granted

Partner Sought

Expected Role of a Partner

The Romanian company is looking to partner with organizations that are (or will be):

Companies that are open to digital transformation and the adoption of innovative technologies like AI and cloud computing, which can complement and enhance the capabilities of the solution.

Organizations that are committed to sustainable practices, such as reducing carbon footprint, and promoting eco-friendly initiatives.

Businesses that prioritize employee well-being, professional development, and performance management, recognizing the importance of these factors in organizational success.

Companies with a global outlook, interested in cross-border collaborations, and open to integrating diverse cultural and operational practices.

Organizations actively seeking to improve or implement performance management systems and willing to adopt new solutions to enhance their HR processes.

Companies that are scaling up and require robust systems to manage their growing workforce effectively.

Businesses that value continuous learning, improvement, and are open to implementing new strategies and tools for better management and productivity.

Type and Size of Partner