Advancements in technology have been improving the life of business owners for years and there is still more to come. Technology can streamline business processes, make them more efficient and ultimately save, if not, make money. So here are some ways in which technology may be able to improve your business operations.
Robotic Process Automation
Robotic Process Automation (RPA) is essentially ‘robots’ that are programmed to complete specific business processes, once completed by humans. The use of RPA is widespread and can be seen in industries from retail to healthcare. RPA can help make a process more efficient and without the margain for human error. Not to mention is can work around the clock, every day of the week. No coffee break required. RPA is becoming more and more sophisticated, in fact, there are companies that go further and utiize automated process discovery robots, a highly sophisitcated and powerful Artificial Intelligence tool that can save your business eye watering amounts in monetary terms but also productivity and efficiency.
Collaboration software is a great way of managing the workflow for all members of staff regardless of their location. It allows staff to keep up to date with ongoing projects, incoming tasks and can improve communication between employees. Collaboration tools allow you to upload files, send notifications, share calendars, schedule meetings, undertake conferences the possibilities are wide reaching. Different software models have different advantages so look into the needs of your business and which software will be best suited to you. For example Asana is well known for its sophisticated calendar and diarising system as well as it’s ability to assign tasks and monitor performance.
Collaboration software is also a great way of allowing more people to work remotely and reduce the need and expense of office space. This in itself can save your business money and improve employee productivity.
Time tracking software
Tracking your time during working hours can have a multitude of benefits. One of the most popular advantages is that it can improve the accuracy of your billing records or project estimates. Ensuring accuracy in your billing is an invaluable resource for any company. It can esure you are not being underpaid but equally you can satisfy customers that they are being charged a fair amount for the services you have provided and the time in which it has taken.
Even if your company doesn’t bill by the hour or provide time sensitive records time tracking software can still be a useful tool for improving productivity and efficiency. It can allow you to measure the time spent on tasks and highlight the distractions you face. Some time management tools can measure every aspect of your day from the time spent on websites to how long it takes you to answer an email. Once you have the information you can assess how you or your employees are spending their time and put together a strategy to streamline the working day and improve productivity and efficiency . Time tracking software is available in different forms. It can be by way of online desktop tools, apps, or it may be a feature that is integrated into project management or collaboration tools.