Smart Shopping
Cloud native framework empowering a wide range of solutions for consumer engagement and digital commerce.
eVoucher Distribution
End to end management of digital products distribution at physical stores & digital channels.
Financial Services
Consumer engagement and digital payments enablement for the Financial Services industry.
Retailer Payments & Tax Compliance
Card and modern payments integration with point-of-sale systems and eInvoice reporting.
Consulting Practice
WiseDart: Our Consulting & Advisory practice.

Recap of PHILOSHOPIC’s Kick-off Event 2024: A Vibrant Start to an Exciting Year Ahead! 

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Last week marked a pivotal moment for PHILOSHOPIC as we convened for our annual Kick-off at Paphos. A truly meaningful three-day experience for our team, filled with reflections, goal-setting, and fun.

Themed “Almost 10: Revitalise Focus, Shape Success”, this year’s Kick-off held particular significance as we stand on the cusp of our 10th anniversary. Our aim was clear: to harness the lessons from our journey thus far, leveraging our successes and setbacks to emerge as a more innovative, seamless and customer-centric technology partner in the years to come. 

Celebrating the milestones of 2023 was a moment of pride, with an outstanding 43% year-over-year growth and a notable 55% of our revenue now recurring. In addition to these achievements, establishing new partnerships and clientele for 2024 reaffirmed our impact on the shopping life and experience, reaching millions of consumers across 8 countries daily.

Demetris Constantinou, our founder and Managing Director provided an in-depth analysis of our financial results, products’ performance, and the geographic spread of our revenues. More importantly, he shared insights regarding customer feedback, highlighting both the positive aspects we need to maintain and improve, as well as the pain points experienced, setting the tone for strategic enhancements and swift action in the coming months. The plan and top targets for 2024 have been explained to the entire team, as well as the a revamped performance rewarding system that aims to empower PHILOSHOPERS, ensuring their contributions are recognized and valued.

Under the guidance of Xenios Kyriakides, our dev-team leader, innovative strategies and tactics – with a renewed focus on productivity and collaboration- were unveiled to propel us towards our objectives for the upcoming year.  Embracing agility through the Kanban methodology – recently migrating from Scrum – investing to further tools and applying best practices will strengthen our Customer Centricity. Our flagship SMASH Framework has a bold plan for new useful features across the various solutions offered to our customers. Our country-leading PHILOBROKER eInvoicing ZATCA compliance solution is heading to lifecycle having reached maturity, as we currently serve among others 3 of the top 7 Grocery retailers and 3 of the top 10 c-store/petroleum chains in the Kingdom of Saudi Arabia – a truly remarkable achievement -thanks to our solution robustness and strategic partnerships as Leonidas Stavrinides, who leads that product line, has outlined. Among the event highlights was a brainstorming session where the entire team generated and explored ideas on how to make our dev-team more effective in delivering projects with shorter lead times and higher quality. Several action items are already lined up!

But it wasn’t all work! The event, held at the amazing Elysium Hotel, provided plenty of time to relax and enjoy the exceptional facilities and spa services. Furthermore, the partners in life and kids of PHILOSHOPERS joined in, demonstrating our appreciation for their support throughout the year which fosters a better work-life balance for our team members and a cozy and inclusive culture.  Due to the sunny weather, we relished outdoor team-building activities provided by GAMESTERY, fostering collaboration and laughter. We also took a long walk and explored the nearby archaeological site “Tombs of the Kings”, guided by our colleague and local expert, Georgia Papaneofytou, who shared enriching insights into the areas’ history.

To cap off our event, we gathered at a traditional Cypriot taverna to honor our achievements indulging in dinner, plenty of drinks, music, and dance!

Recharged, ambitious, and already on our way to success.

Simple and Exciting – that’s how we roll at PHILOSHOPIC! ?✨

PHILOSHOPIC 2024 KICK OFF -Almost 10: Revitalise Focus, Shape Success

CSR – Supporting Education: Enhancing Safety and Sport Experiences for Students at School

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As part of our Corporate Social Responsibility policy, we have donated a number of paddings for goal-posts and goal nets to the Parents’ Association of the 5th Primary School of Aglantzia. Our contribution is geared towards not only enhancing the sporting experiences of the students but also significantly reducing the risk of injuries during recreational activities and physical education classes.

The equipment have been purchased in agreement with the school management from the approved in-spec supplier of the Ministry of Education “Askisis” and have been installed during the past weekend.

We are collectively striving to effect positive change within our community, ultimately creating a safer and more enjoyable environment for our youth. Let us continue to work in unison towards the realisation of a brighter future for our children.

The Rise of the 4-Day Week: Enhancing Work-Life Balance for Increased Productivity

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In recent years, the concept of a 4-day week has gained traction among forward-thinking companies and progressive societies. This trend has emerged as a response to the growing need for work-life balance and the recognition that employee well-being directly impacts productivity. Many companies that have adopted a 4-day week have in fact witnessed productivity levels rise by up to 20-40% (Gitnux, 2023). Drawing upon similar findings, it is evident that the implementation of a shorter week can yield significant benefits for both employees and the overall success of a company.

As part of our commitment to fostering a healthy work-life balance, we have piloted 4-day week last year. Prior to implementing a 4-day week last year, we had already introduced half-days on Fridays and a self-determined monthly afternoon off to our dedicated team. These initial changes were met with positive feedback, as employees appreciated the opportunity to enjoy more leisure time and rejuvenate themselves.

The primary goal of last year’s 4-day week was twofold: to enhance productivity during working hours and provide sufficient time for our team members to recuperate with the breathtaking summer in Cyprus or embark on short vacations abroad. The results surpassed our expectations. Despite working one day less each week, our ability to deliver exceptional service remained unaffected.

Keen on analyzing the lessons learned from this trial period of the 4-day week in 2023, we organized an internal workshop to gather feedback and insights by our valued employees. This introspection helped identify areas for improvement in the domains of a work-life balance and an opportunity to explore ideas to further bolster productivity. Due to the overwhelmingly positive response, we have decided to expand this initiative even further this year. Building upon the success of the previous trial, we are extending the 4-day week from one month to two months.

During the period of July and August, we will therefore not be operating on Fridays, affording our employees an extended weekend and more time to recharge their batteries. However, to ensure that our clients’ needs are met promptly, even in emergency situations, we have devised a system of standby staff on a rotational basis for the usual working hours on Fridays. This proactive approach guarantees that any urgent customer support request will be addressed.

With confidence, we anticipate a win-win-win situation for all stakeholders involved once again. PHILOSHOPERS will get to enjoy more leisure time and engage in activities that nurture their well-being. The company stands to gain from heightened productivity levels, and a motivated workforce. Finally, our esteemed customers will benefit from having dedicated partners who are laser-focused on their success, delivering exceptional service with renewed energy and enthusiasm.

Reference: 4-Day Work Week Statistics 2023: Trends and The Future Perspectives • GITNUX