InSky is the winner of the award Travel & Hospitality Awards in the category for the best CRM solution globally, for the second time in a row.These are annual awards that celebrate and promote excellence in all sectors of travel, and the categories are chosen from the best hotels, spas, restaurants, agencies, digital solutions, etc.…So the solution of InSky Solutions, TourismInSky – declared for the best CRM solution in 2020 in Europe among more than 200 nominated solutions.TourismInSky is CRM software or a package of specific business solutions, specially designed and developed for the digitalization of the hotel industry. More than 10% of all overnight stays in Croatia are booked through the TourismInSky solution, based on the Microsoft Dynamics 365 platform.Co-founder and CEO of InSky Solutions, Trpimir Kvesic points out that he is proud that InSky is on the list of the world’s leading companies with revenues in the hundreds of millions of US dollars, which once again confirms the fact that InSky is committed to the global market and can compete with major global companies in terms of innovation and vision.”Definitely such awards and recognitions are welcome and are another confirmation of our work and product quality, especially when such recognition comes from independent bodies that compare our solutions with global competitors. This means a lot to us because it is proof that we have rounded off the whole story well, and that our product is competitive in the global market, which sometimes may not be seen by every user who uses it. But for us, every satisfied customer is always the best reward and proof of concept for our vision of global presence “, adds Kvesic.When asked about the situation on the market and in which direction the new maps are currently being mixed, Kvesić points out that there are still a lot of contradictions at the moment, and it is as if the market is still looking for ways to respond to new challenges brought by the covid crisis.”The process of digitalization has accelerated, which is great, because today it is no longer a trend but an urgent need and an integral part of the business of modern companies. Business process management is crucial today, and it is through digitalization and our CRM system that this is made possible, especially in today’s time when digitalization allows us to do business from home or any other place that does not have to be an office. Ultimately, those who digitize will survive in the market, digitalization, not reducing the workforce – is my key message, as evidenced by travel companies, our customers who, thanks to digitalization have managed not only to overcome the crisis but also improve business in many segments. ,, says Kvesic.The recent success of IT companies, such as Nanobit and Infinum, means a lot for our entire IT scene and for branding the country as a successful IT country, and Kvesić points out that InSky emphasizes that such successful global examples give them additional motivation and proof that and from Croatia can be globally competitiveadds that successful global positive stories about IT companies help in branding the country, and so do they because they provide additional motivation and proof that Croatia can be globally competitive. “We represent a narrow niche, and on that side we are specialized and quite unique. Our goal is to reach the global market more strongly with tourism solutions. Although we are already present in the global market, we are now ready for a real step forward because we have a competitive and innovative product, extensive experience and well-rounded processes. This year we plan to come out with a new product rebranding, strengthening human capital, education and further specialization of our product. We are already recognized and acknowledged here and we see our opportunity here, and such awards show that we are more than competitive in the global market.”, Kvesic pointed out.InSky is ready for the global marketInSky, despite the covid crisis, continues to grow and move into the process of globalization. Last year they opened an office in Amsterdam, and this year they have already opened some new markets such as Slovenia and Great Britain. Of course the focus is on the Mediterranean as the strongest tourist market.”We are working on new solutions, growing, expanding the team and we want to make an even stronger step towards the global market. That’s why this year we’re coming out with a new improved product. We work a lot on educating our employees and strengthening people’s expertise, and we also specialize closely”Kvesic points out.For global expansion, InSky is looking for additional reinforcement in terms of new IT professionals, especially in the AI department they want to strengthen. They see the segment of artificial intelligence in InSky as the next big step forward, in order to further drive a large amount of collected data and all networked processes and raise their efficiency and productivity.InSky employs: Data science and artificial intelligence experts are wanted”We have greatly strengthened the data science department and we now have an increasing focus. We are also looking for new employees in the sales and marketing departments and the development of new solutions”Concludes Kvesić, noting that everyone who wants to become part of their team is free to contact them.In the end, it is enough to point out only a couple of current InSky clients, which are some of the largest hotel chains such as Valamar, Maistra, Liburnia, Amadria Park, Arena Hospitality Group, Aminess, Sunny Hvar, Medora , Jadranka turizam, HUP Zagreb, Dubrovnik Riviera Hotels, Hotels Njivice, Hotels Metropol, Hotels Cavtat and many others.They have conquered our market, now it is the turn of a global match, for which they are more than ready in InSky..
Falling equity markets are dragging funding at four of the Netherlands’ five largest pension funds down to the 100% mark.The official ‘policy’ coverage for the €40bn metal scheme PME, as of the end of August, has dropped below 100%, which disallows it from transferring pension rights for leaving participants.Policy funding, the criterion for indexation and rights cuts, is calculated using a scheme’s average coverage over the previous 12 months. PME’s policy funding now stands at 99.8%, while its current coverage is 96.1%. Current funding at the large civil service scheme ABP (98.1%), the healthcare pension fund PFZW (96%) and the metal scheme PMT (96.4%) has also dropped below 100%, but their policy coverage remains slightly above this level.According to Mike Pernot, an actuary at Aon Hewitt, coverage ratios for Dutch pension funds over the first three weeks of this month fell by 2 percentage points on average to 100%.For now, the lower funding will only affect value transfer.From 2017, however, schemes’ coverage figures will serve as the basis for updating recovery plans, which must spell out how pension funds expect to raise their funding ratios to as much as 125% over the next 10 years (depending on their asset mix).None of the more than 150 recovery plans submitted to regulator last July mooted a rights discount as a means of shoring up funding.A pension fund, to recover on schedule, must apply rights cuts only if its coverage ratio falls below 95%.The critical funding ratio, however, depends on a scheme’s investment policy.Pension funds with more offensive investment target – having a relatively large equity allocation, for example – need to apply a rights discount at a funding of approximately 90%. BpfBouw, the €48bn pension fund for the building sector, is the only large scheme that managed to keep its funding well above 100%. As of the end of August, its policy coverage stood at 112.9%. read more