“Transparency in business” is a phrase that is becoming more and more common under managers, owners, and leaders. “We need more transparency in our business processes”; “There isn’t enough visibility on the ground!” they say.
But, what does all of this actually mean?
In its most basic form, transparency in business means honesty in the way we operate. It stands for a “lack of hidden agendas or conditions”, the availability of all information needed in order to collaborate, cooperate, and make collective decisions effectively. Thus, from this, we can establish that the sharing of business data is key to business transparency.
Making information available across all functions in real time is central to the objective of achieving transparency in business. Therefore, selecting an efficient communication platform will be your first step towards this goal.
What does an efficient communication platform look like?
These systems come in many forms with a variety of functions that are aimed at increasing communication and information sharing. Some systems work better than others so here are a few features to look out for: