Small businesses have both a disadvantage and an advantage over larger companies. The disadvantage is they may not have as many resources as larger companies, but the advantage is that they can quickly take on new technologies. And, they can do so without all the vetting and certification required by larger organizations. To get a handle on this, check out these three technologies that every business needs to adopt now to be successful in the future.
Communication Technology
When it comes to communication technology, there is more than smartphones. It’s about integration among all types of communication devices and applications. For instance, programs like Skype or Microsoft Teams can be applied to desk phones as well as utilized for instant messages and project coordination. In turn, employees can keep in touch about the latest updates or problems, no matter where they are.
Scheduling Software
Maintaining a schedule of product or service implementation is key to all growth strategies. Brick-and-mortar companies, like retail businesses, movers, pest control companies and other such industries greatly benefit from scheduling software. This is not just to maintain a record of appointments and follow-ups. Scheduling software can be integrated with fleet programs to ensure deliveries are shipped on time. Furthermore, it helps developers track the progress of an application through all its phases. In addition, scheduling software can be integrated with enterprise resource planning (ERP) applications.
ERP Technology
And ERP is another key to a company’s growth strategies. Whether it’s a brand like SAP or something smaller, an ERP application maintains real-time records for a variety of activities and services. Some of the items it keeps track of include sales, billing, customer issues, raw material availability, production capacity, inventory requests, purchase orders and accounting services, like payroll. In addition, most ERP modules can be customized to a company’s standards. This allows the software to grow with their future needs.
Not every business has these three technologies, let alone two of them. Therefore, the small business that does set these up has an enormous advantage. They are able to keep track of their production and accounting, schedule deliveries and releases, and continually communicate with each other from any location.
A business with these technologies can free its employees and owner from becoming IT administrators chained to their desks. Instead, their time is allotted to help the business. They can develop new products, bring in additional clients, and increase their revenue. If done the right way, the disadvantage will soon be the larger company’s instead of the smaller one’s.
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