How Technology Can Help Your Business Efficiency

Technology has done wonders for different industries over the past couple of decades.
In the business world, in particular, it has helped many organisations see exponential growth as well as improving their services. For the most part, technology has made it so that there is a solution for the many problems that businesses face on a daily basis. While for some, it may be their ability to communicate faster because of applications like Skype, for others it could be the improvement of payment systems thanks to specialist processing software. Whatever the case, there are endless examples of how technology is helping businesses today; this article will focus on how technology has made businesses more efficient.

Automation

On a daily basis, businesses tend to carry out several mundane and time-consuming tasks. Some of them include collecting CVs during the recruitment process, ordering ink for printers, mileage tracking for expense reporting, and answering frequently asked questions in the customer service department. However, technology has made life easier by automating many of the processes and as a result, increasing efficiency. There is a vast variety of software available now that can help streamline these repetitive tasks so that staff can focus their attention, efforts, and talents in more important areas of the business. Some examples of software that help with automation include BossAction which provides pph software for sportsbook owners, HackerRank which automates the hiring process, Motus which helps with expense reporting, and DigitalGenius which automates the customer service process. In terms of customer service automation, it has even been suggested that customer service specialists will become in high demand in coming years. Seeing as most of the processes will be automated by then, prospects will need to bring three core skills to the table which are creativity, community, and empathy.

Virtualisation

Thanks to technology such as VMWare for virtualisation provided by organisations like Bytes, businesses can now manage their applications on any device, be that desktop computer or tablet, from a single cloud platform. In addition to this, you can enjoy benefits such as software-defined storage, datacentre automation, and a strong end-user computing offering. This increases efficiency as you can find all of your data in one place and don’t have to navigate through different systems and platforms to find information. It has the capability of helping you save a significant amount of time and can also help you save money in some ways too.

Accounting

An important aspect of any business is the financial department. Quite frankly, without a strong financial department, it is very unlikely that businesses will be able to stand the test of time. For this reason, it is critical that they’re able to manage their finances adequately, and accounting software has made this a lot easier. Some of the best accounting software to consider using include Zoho Invoice for invoicing services, FreshBooks for expenses, projects and time-tracking, QuickBooks if you want an easy to use online accounting application or OneUp if you want something particularly strong in the area of double-entry accounting. In addition, for businesses with a lot of leases, lease accounting software can really make a difference. If this sounds useful but you are wondering how much does lease accounting software cost? -  take a look here. It can be a weight off your mind to know that your lease accounting is right and you are fully compliant with all relevant standards. 

Technology in many ways has been a saving grace for businesses globally. It has made running a business somewhat easier, especially taking into consideration that running a business already comes with its own unique challenges. In case you’ve been thinking about adopting technology as a means of making your business more efficient, hopefully, you will after reading this article.

 

Section:

Pete White Pete White

Love Shrewsbury editor and chief developer at The Web Orchard, find out more on petejwhite.com

Read More from Pete White