With a strong talent community and a business environment that entrepreneurs find favorable, Sofia, Bulgaria, is home to a number of growing tech businesses, including Kanbanize, a startup company that provides small to medium-size business and Fortune 500 firms with workflow management software.
Kanbanize helps clients become more efficient
using relatively new operations engineering principles. Professionals often
talk about “lean manufacturing principles” -- goals for reducing waste and
promoting excellent and results. The company uses Kanban, which is a specific type
of just-in-time inventory method pioneered by Toyota guru Taiichi Ohno.
In Kanban, a technical process controls inventory levels for
a type of "on-demand" system where businesses only stock what they expect to
sell in a given time.
Balkan Business Wire spoke with Kanbanize marketing expert Alex
Novkov, who explained how the business works and how the company supports
results for clients.
“Visualizing and limiting
the queues in the system on Kanban boards, automating processes with the
business automation engine, and being able to measure each step of the process
brings a significant boost to the efficiency and, as the result, productivity
of a company,” Novkov said. “The idea for Kanbanize was born out of a necessity for
higher productivity and efficiency in software development teams.”
Novkov said the principles of lean manufacturing composed of
what he called a “repeatable five-step cycle” that can help companies become
core (of lean principles) is the belief that providing value is the most important
aspect of any activity,” Novkov said. “Lean aims to create a constant stream of
value-generating steps in every process and remove as many of those that are
considered wasteful. The goal is to create a smooth flow of delivering value to
the client and continuously seek ways to improve the quality of the work
For funding, Novkov said the company's co-founders
brought their own cash to sustain the business for the first year.
After that, Kanbanize secured $125,000 in funding from Eleven, one of two
startup accelerators giving money to young companies in Bulgaria and other nations
under the European JEREMIE initiative.
While growing organically, Novkov said, Kanbanize acquired
more funding over the next four years but now the majority of funding comes
from company revenue.
Why is the company headquartered in Sofia?
Novkov said one of the big draws is the available community
of tech workers.
located in Sofia gives us access to a huge pool of talent,” Novkov said. “The
local tech community is strong, and that allows us to find qualified and
motivated professionals relatively easily.”
That strong tech community, plus a relatively low cost of
living when compared to capitals like Paris and London, is attracting
many businesses to Bulgaria and to Sofia in particular. More and more of these types of innovative startups are considering this hub of tech
activity a place to call home.
Bulgarian capital a good fit for efficiency company Kanbanize
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