CEO wants to increase integrations so users never have to leave the collaboration platform to get work done.
Slack is steering into the idea that there’s no going back to the old way of working and taking on the more challenging element of remote work. The collaboration platform is building new features to make it easier to onboard new employees and work with outside partners.
Stewart Butterfield, CEO and co-founder of Slack, opened the two-day Frontiers conference on Wednesday. He said that the company’s next phase will focus on closing the gaps between productivity software and building new workflows instead of reinventing old ones. He described the familiar task of taking a screenshot of a graph or image from one system and pasting it into presentation software and then emailing the document for review.
“Sometimes the task will be improving step 3 and sometimes the goal is skipping from step 1 to step 11,” he said.
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He also used the example of a recruiter hiring a new employee and then completing a workflow that spans several business systems and requires email updates as well.
“These productivity gaps are everywhere and whenever we find one we think there are opportunities for improvement,” he said.
Another focus is creating tools that allow synchronous processes to be asynchronous. He used the example of a daily check-in and showed a series of video updates. The idea is that team members could post a video update wherever it’s convenient and other people could consume that update when it is convenient for them
SYDNEY (Reuters) – Vanguard Group Inc said on Wednesday it will close most of its business managing money for institutional investors and large pension funds in Australia and New Zealand, and focus on serving retail clients.
The U.S. investments giant, which has roughly A$164 billion ($118 billion) in assets under management in Australia, will stop offering customised products called segregated mandated accounts (SMA) to large institutional investors.
The exit comes as Australia’s pension funds, which make up the world’s third-largest pool of pension assets, have moved towards managing a larger portion of their investments internally to lower costs. This has intensified competition for investment mandates and forced the closures of several funds.
The Pennsylvania-headquartered manager will continue to offer some investment products that are “pooled” rather than customised, a spokeswoman said in an email.
It will work with existing SMA clients in Australia and New Zealand to ensure a smooth transition that is expected to take between 12 and 24 months, she added.
Vanguard declined to disclose the value of the assets managed in those SMAs.
In April, Vanguard launched an Australian platform for retail investors providing access to a range of its managed funds, listed ETFs and shares. It has also registered a superannuation product with the regulator, which hasn’t launched yet.
Vanguard said in August will close its Hong Kong and Japan operations and cut jobs across both locations as it shifts its Asian headquarters to Shanghai.
Reporting by Paulina Duran in Sydney; Editing by Edwina Gibbs