Technology has the ability to help you improve your business efficiently and effectively even if you don’t have lots of capital available to invest in it. Using tech makes perfect sense because it’s the natural way to make progress with the existing processes already in place.
The benefits of adding technology to your company workflow will certainly outweigh any potential challenges and short-lived transitional periods you’ll have to go through. When your new system is finally in place, you’ll reap the benefits of using technology to make your company more versatile and efficient even if you aren’t tech savvy yourself.
With that said, we’ll take a look at the biggest areas where technology will help you improve your business and increase your bottom line.
Use Technology to Improve Productivity
The great thing about adding new technology to your work environment is the ability to improve productivity. There are wonderful technological advancements that have taken place recently which can help your company kick its productivity levels into overdrive.
First off, using time tracking software makes it easier to track employee productivity, track productivity on a per job level, and help you save time by having employees “clock in” and “clock out” directly online enabling you to pay them exactly for the hours they worked without any confusion. You can also integrate these excel time sheets with the program and save time by no longer manually inputting this information into excel spreadsheets.
Second, there are many inexpensive open-source programs that companies can use in an effort to save money. Instead of buying expensive name brand software, check open-source options first to see if there’s a viable substitute. This will not only help improve productivity overall, it will also save your company money over the long run.
Next, if you or your employees spend the majority of your day writing, you can cut down on that time by using valuable and inexpensive dictation software. It will take time to get used to, but once you do, you’ll be able to write much faster than by typing.
Finally, you can use Dropbox or Google Drive to save and share files with other employees over the internet. If you forget a file for an important presentation, you can log on to your cloud server and access the information from any location with an internet connection. This is very convenient and easy to use in a pinch.
Use Technology to Improve Money Matters
As far as money matters go, today’s advanced technology makes it easier than ever to manage your money, collect payments from customers, and so much more.
For starters, many companies miss potential opportunities by being unable to collect credit card payments. Dharma Merchant Services makes it easy, affordable, and worth your while to start collecting credit card payments through your business. Instead of turning customers away, now you can promote your ability to collect credit card payments and begin building another facet of your business that was previously closed off.
Second, if you aren’t doing this already you’re missing a huge opportunity. What are we talking about? We’re talking about selling your products and services online. Set up a website, a shopping cart, and begin selling products right over the web. By taking this step, you’re opening up another income stream that can make serious money if promoted correctly.
It is apparent how much your business can improve with tech. Please use these suggestions to make positive changes to the way you run your organization and improve your chances of experiencing lasting success and growth.
- Pros and Cons of Financing a Business
- Best Credit Cards for Every Type of Purchase
- How to Use Business Credit Cards to Build Business Credit
- Starting a Greeting Card Business
- Minimize the Risk to Your Personal Credit When Starting a New Business