Four Business Functions to Automate
Most small to mid-sized businesses operate under restricted budgets and must optimize existing resources to remain within budget, while ensuring that client services and client expectations are met.
Automation can assist small businesses in optimizing existing resources. Identifying key areas to automate can produce significant increase in productivity. Below are four business functions worth considering for automation.
Bookkeeping is the foundation for accounting. When a company automates bookkeeping functions, record keeping is completed in a timely and accurate manner.
Accounting functions are the backbone of every business, including start-ups. Accounting requires maximum attention to details. A minor error that occurs when recording financial transactions can result in under or over reporting of profits, or worse--significant tax implications. For many small businesses, the owners are responsible for the accounting and also providing the services to clients. Business owners can perform a finite number of tasks and do them well. They can either work diligently to ensure client services are met, thereby neglecting the accounting tasks, or they can pull resources from client services to concentrate on the financials. Automating the accounting function can assist in ensuring both objectives are met.
IT Processes: Small businesses depend on IT for speed and efficiency in servicing clients. Automating IT processes can assist in ensuring better record-keeping and adherence to deadlines through a system of automated triggers, email-reminders, etc.
Training and Communication: In the case of small businesses where employees may work remotely or in various geographic locations, business owners can create frameworks which serve as information and training portals, thus reducing time and expenses involved in live training and knowledge transfers.
Most small to mid-sized businesses operate under restricted budgets and must optimize existing resources to remain within budget, while ensuring that client services and client expectations are met.
Automation can assist small businesses in optimizing existing resources. Identifying key areas to automate can produce significant increase in productivity. Below are four business functions worth considering for automation.
Bookkeeping is the foundation for accounting. When a company automates bookkeeping functions, record keeping is completed in a timely and accurate manner.
Accounting functions are the backbone of every business, including start-ups. Accounting requires maximum attention to details. A minor error that occurs when recording financial transactions can result in under or over reporting of profits, or worse--significant tax implications. For many small businesses, the owners are responsible for the accounting and also providing the services to clients. Business owners can perform a finite number of tasks and do them well. They can either work diligently to ensure client services are met, thereby neglecting the accounting tasks, or they can pull resources from client services to concentrate on the financials. Automating the accounting function can assist in ensuring both objectives are met.
IT Processes: Small businesses depend on IT for speed and efficiency in servicing clients. Automating IT processes can assist in ensuring better record-keeping and adherence to deadlines through a system of automated triggers, email-reminders, etc.
Training and Communication: In the case of small businesses where employees may work remotely or in various geographic locations, business owners can create frameworks which serve as information and training portals, thus reducing time and expenses involved in live training and knowledge transfers.
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