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BOS GLOBAL focuses in on BOS360 Work Patterns product

BOS spies a huge opportunity for 360 and so will focus all its efforts and financial firepower on the product.
BOS GLOBAL focuses in on BOS360 Work Patterns product
The company's core platform is focused on workplace efficiency

BOS GLOBAL HOLDINGS Limited (LON:BOS) is carrying out a piece of corporate house-keeping that will allow it to focus solely on its BOS360 Work Patterns product.

In doing so it offloading what terms as non-core assets.

Included in this is the sale US$19,600 (A$27,000) sale of a stake in TSX-listed Azarga Metals and the disposal of its Hostisme hospitality software prototype for an initial US$10,000.

The unnamed US-based start-up buying the software will also pay a royalty, while BOS will provide certain support.

Finally, BOS plans to sell its 75% stake in a company called Copper Range, which has mining interests in South Australia.

BOS spies a huge opportunity for 360 and so will focus all its efforts and financial firepower on the product, which gathers and shares information to ensure businesses are more efficient.

These are measurable gains that have an impact on the bottom line.

In a large company, or government department, incremental changes can result in savings running to hundreds of millions of pounds.

So 360, which will launch commercially in full next May, is a company accountant or finance director’s fantasy.

Operating from the cloud, the platform is able to track the activity of an individual worker, team or a whole company.

In doing so it reveals the interactions and work practices that deliver the best results, and those that don’t.

Employers might then be able to work with a consultant to make the fixes that create a more productive workplace.

However, readout is so easy and intuitive to interpret that many of the changes can be enacted directly by management.

The system also provides human resource benefits. A drop-off in efficiency may flag up a problem with an individual that might be fixed before that person decides to leave the company.

Reducing the turnover of staff, particularly in large companies, provides further potential saving.

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