5 Tech Solutions That Will Help Streamline Your Business
Companies lose up to 30% of annual revenue due to internal inefficiencies. As a small business, this can have a significant impact on business growth and scalability. Streamlining your processes can help save time, money, and resources. The less frustration there is with your teams, the more productive and happy they will be. If you’re trying to improve your business processes, consider these five tech solutions for making your working hours more productive.
A Document Management System
A document management system is a digital portal where you can securely store documents. It allows you to store templates, create version control, and restrict access to particular users. The benefits of document management system software include time-saving with centralized documentation, better security to prevent costly client data leaks and automation with version control and template generation. A document management system can help you sign off and store confidential client documentation.
Use Cloud-Based Technologies
Migrating company data to a cloud-based platform like SharePoint can reduce the need for collaboration in the same physical location. Users across different time zones can all work on centralized documents stored in one place online. It can also help with data security, especially when systems go down. If all your data is stored securely in the cloud, it reduces the risk of losing data or documentation if there are any technical issues.
Project Management Software
Project management software can help you see the status of multiple projects and rein in workplace disorganization. Software like Asana, Trello, or Monday can be great for businesses looking to easily track project management across the business. This can also foster better collaboration and team communication, resources, and time management. Centralizing your project tasks can help you pull out better reporting and data on how your projects are currently running.
Marketing & Sales Automation
Marketing and sales automation software like Salesforce is the best way to identify the success of particular marketing campaigns. You can also conduct cross-channel marketing, align your sales and marketing team, and better understand your sales funnel.
These tools can eliminate inefficiencies where Sales and Marketing perform duplicate admin tasks and ensure better accountability and tracking of both teams. Perhaps most importantly, many platforms like Salesforce also act as CRMs so that you can track potential leads and existing customers.
Accounting Software
Accounting software like Xero is helpful for small businesses managing payslips, invoices and cash flow from one centralized place. These systems have several benefits, as well as saving costs on hiring an internal or external person to perform the same tasks as the system. Setting up accounting software early on in a business is also helpful as it helps your company scale up over time.
Streamlining your business relies on centralization, automation, and visibility. Centralizing items like documentation, project tasks, and invoicing in one location has the benefit of saving time searching for items and executing version control. Marketing, Sales and Accounting software can help reduce the manual tasks these departments need to perform. Ultimately, anywhere you can cut back on manual or repetitive tasks will help you use your time to perform business-critical tasks that help your business grow.
Comments