Bespoke Valloop Exchange platform aims to help accelerate the
transition of Small to Medium Sized Enterprise (SME) businesses
from privately owned to employee owned through innovative use of
AI.
LONDON, Aug. 13,
2024 /PRNewswire/ -- As of June last year, there
were 1,418 employee-owned businesses within the
UK, a 37% increase from the previous year - a clear sign
that this transition is a growing trend in the UK.
Valloop, a Manchester-based company, that supports SMEs
in becoming employee-owned, has partnered with GFT to design,
build and support a digital platform that uses modern
technologies such as AI, to automate and accelerate the processes
to inclusive ownership for businesses.
The Valloop Exchange is a single marketplace for
businesses going through the transition, providing an easy-to-use
model for employees and business owners to access tools and
information about the process.
The employee-ownership model has proven to be a huge success
in the UK, highlighted in the Journal of Participation and
Employee Ownership last year in August, by empowering
employees to have more control of the company they work for.
A tool for an increasingly digital clientele
Speaking on the partnership, Carlton
Hopper, UK Managing Director, GFT said: "As the
adoption of employee-owned businesses continues to gather momentum,
the Valloop Exchange will be transformational for the market. GFT's
use of advanced technologies such as AI and Machine Learning will
ensure Valloop is able to accelerate the process of firms
transferring ownership to an empowered workforce."
Stephen Greenwood, CEO
Valloop highlights the value that GFT has brought to the
project: "Making something totally unique like the Valloop
Exchange in the SME market is complex. We knew we needed a trusted
and experienced partner to help execute and deliver an industry
leading platform; GFT's experience in the financial services sector
made them the ideal match for us."
Delivering value
GFT is building a digital platform that delivers a number of
benefits for SME clients and the new employee owners. A key
priority for Valloop is to ensure it is able to maintain peak
performance and security at all times. Given the context of
rising cybercrime, GFT is delivering a built-in design that
handles data with industry-leading security controls, ensuring
security is a top priority.
Valloop also benefits from GFT's best-practice 'GreenCoding'
approach, ensuring efficient IT development that supports a drive
to minimise the carbon footprint for both the development
and ongoing maintenance of the platform.
The Valloop Exchange is expected to launch in early
2025.
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