“I crave clarity and organization,” said Innovation Home’s new Chief Operating Officer, Tommi Aaltonen, last autumn. Fortunately, the solution was close at hand: the Clarity service partnership was a familiar concept within the community and was quickly adopted. “And indeed, Clarity has brought clarity,” Tommi affirms now in February of the following year.
Innovation Home is a unique business home concept comprising venture capitalists, companies, and startups, creating a future workspace where the environment supports well-being, community, and innovation. In addition to workspaces, Innovation Home provides a community enriched with numerous events and networking opportunities. The company already has seven different locations on three continents.
Clarity Service Partnership brings clarity to business
Innovation Home has experienced significant growth in the last five years, especially by opening new offices. Often, as operations expand rapidly, grasping the big picture becomes challenging. In fast growth spurts, it’s natural for a company to lose its relative profitability, even as the overall results continue to grow.
At the core of the Clarity service partnership is custom software tailored specifically for Innovation Home. This software not only helps in understanding the company’s business but also allows for a detailed exploration of various business areas. The software consolidates all relevant data into one place and visualizes it as an easily comprehensible tree model. Besides financial data, the software can incorporate other data sources, such as customer satisfaction and sales pipeline leads. With the model, it’s easy to grasp the overall picture and delve deeper into the intricacies of the business.
Clarity has helped Innovation Home focus its operations, identifying unnecessary expenses and allocating resources where they benefit the company’s growth the most. “The Clarity service partnership, including the software and workshops, has helped Innovation Home concentrate on its core business,” says Chief Operating Officer Tommi.
Clarity enables data-driven management
In the phase of rapid growth, it’s crucial to have all the threads in hand and see the overall picture of the company’s business. “Previously, decisions were often made based on gut feelings, but with Clarity, we can now base decisions easily on the right data and numbers,” notes Chief Operating Officer Tommi.
Clarity’s software also facilitates easy sharing of information with the company’s stakeholders. Tommi utilizes customized reports within the software, enabling reports for the board and employees with just a few clicks.
Previously, similar reporting was not done at Innovation Home because it would have been too labor-intensive without the right tools. Now, Tommi can convey all essential information directly from Clarity to the board, allowing them to make informed decisions about the company’s direction. This leaves Tommi with significantly more time for decision-making and leadership, based on data that is already visualized and digested.
Employee reports help guide employees to focus on the right priorities, and comprehensive internal reporting keeps everyone on the same page, sailing in the right direction. “Clarity democratizes financial and management information for the entire company,” specifies Tommi.
The Clarity service partnership has helped us focus on our core business, trim unnecessary expenses, and manage growth based on correct information.Tommi Aaltonen, COO, Innovation Home