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For some businesses, there is some hesitation when discussing technology with regard to introducing new technology. There is the fear it will cause disruption or that it will be too expensive. This is not true, and with the right approach, your business can get the full benefit from recent developments in technology.

Social media

Social media is increasingly important for companies. Aside from being a relatively low-cost platform to advertise on, it is also a great place to create word of mouth. Furthermore, it is a great chance to address any feedback (positive or negative) directly. Indeed, some high-profile companies have used these platforms to their advantage, creating a buzz in a way that arguably would be a lot harder even a couple of years ago.

Improved accountancy

In the past, accountancy used to be a difficult issue for companies. With more specialised software available, this has helped to make the business more efficient. They are also useful for accountants, allowing them to spend more time with their clients and allowing them to take advantage of tax breaks and other opportunities for your business.

Better project management

Project management tools have also allowed companies to become more efficient. Knowing who is doing what tasks (as well as tracking their process) makes it easier to schedule tasks, reducing the risk of duplicated work and reducing the amount of emails you need to send in order to chase people up.

Lower costs

One aspect you may not have considered is machine learning. This is where a device looks for patterns. What this can mean is it can pick up trends that a person checking might not be able to. For example, this could look at when demand picks up for certain items, allowing you to stock accordingly.

More payment options

There are more payment options available for customers now. The more you can offer, the more likely they are to choose your business. It is also important to ensure that these payment options are as secure as possible. For example, being able to transfer credit through phones can be a way for cafes to arrange pre-orders.

Better security

It is a mistake to assume that hackers will not go after smaller businesses. While some will target smaller businesses due to easier access, others may do so in order to reach bigger targets through the smaller business. Better technology reduces the risks of these hacks and data leaks. With more companies using cloud technology and multiple devices, this is becoming more and more important, and the right software and hardware can prevent that.

We can help

At Streamsoft, we work closely with businesses to ensure their software is tailored to their needs. We talk to companies, guiding them through the process, from the initial design discussions through to the final launch. If you would like to know more about what we have to offer, please contact us today, and we will be happy to discuss your needs in more detail.