Friday, October 10, 2014

Success stories series: 6/7 - Investor evaluation (Private Judging & People’s Choice Award)


It's been an incredible ride validating Ranktab's value with key early adopters. We are excited to share our first series of success stories with our followers, here is our sixth case in a series of 7, we hope you like it, and if you do please share!

Case Study: Investor evaluation (Private Judging & People’sChoice Award)

Organization profile – The first Lean Startup certified accelerator in Latin America, focused on creating high-growth successful businesses. The accelerator is part of the largest private university in Mexico, creating a unique ecosystem and resources for accelerated teams.
  • 21 week program.
  • 750+ accelerated startups.
  • Over 30 mentors and coaches.
Business situation – The accelerator’s main event is the yearly demo-day for accelerated companies. In the event, qualified investors evaluate startups using pen and paper, and if interested they approach startups after the pitching event. The process of documenting the judges’ feedback and event winner was very time-consuming.

Decision Making challenge – 19 projects, 12 high-profile investors, 5-minute pitches and only 2 hours for the complete event, including the winners announcement.

Solution – Using Ranktab’s Public Platform (open for the audience) and Private Suite (for judges), the event’s logistics reduced from a 2-day span into instant results. Our mobile interface allowed external participation using mobile devices with no app installation.

Benefits – Instant results and ease-of-use in an environment-friendly solution helped the event organizers speed up their demo-day. Accessibility and open voting enabled a People’s Choice Award, while keeping access private for the official judging of certified investors.

Services used -
  • Ranktab’s Private Suite
  • Ranktab’s Public Platform 
  • Mobile Webapp
  • Instant Results Display

Wednesday, October 1, 2014

Success stories series: 5/7 - Recruiting & Hiring Process (HR Staffing & Outsourcing Vendors)


It's been an incredible ride validating Ranktab's value with key early adopters. We are excited to share our first series of success stories with our followers, here is our fifth case in a series of 7, we hope you like it, and if you do please share!

Case Study: Recruiting & Hiring Process (HR Staffing & Outsourcing Vendors)

Organization profile – Fortune 500 semiconductor company, a global leader in embedded processing solutions for the automotive, consumer, industrial and networking markets.
  • More than 6,000 patent families.
  • Invests about 18% of its net sales in R&D every year.
  • Approximately 17,000 employees in more than 20 countries.
Business situation – Semiconductor companies live in a constant struggle for the industry’s best talent, creating a scarcity environment in which speed and accuracy in the HR process is a key factor for success.

Decision Making challenge – One job opening, 10 applicants from 3 HR staffing vendors, 4 in-company-cross-functional managers involved in the decision. Adding the time factor to this equation creates a bigger challenge for the department in charge.

Solution – Ranktab’s Private Platform (RPP) allowed the management team to transform never-ending discussions and subjectivity into a step-by-step documented and collaborative process with an objective funnel to ease decision-making. While the platform’s nature is to share, RPP allowed keeping control and privacy in such a delicate matter.

Benefits – Removing ambiguity to a key process to make it faster and more reliable without the complexity of an expensive licensed system was outstanding. The customer was able not only to have all the relevant data for each applicant, but also to leverage previous interviews’ intelligence to save time.

Services used -
  • Ranktab’s Private Suite
  • Instant Results Viewer and PDF Reports 
  • Private Sharing Options
  • Ranktab’s Proprietary Algorithm