Technology

Cloud Computing has changed the way we run our business, not only for our company’s internal processes but for all the clients we engage and work with. We have adopted the Revolutionary approach by using the latest technology and software available to achieve maximum efficiency for our clients who rely on their financial data to accurately monitor their business health and performance on a daily basis. Without this you are flying blind!

The Impact of Technology Changes on SME’s

Small businesses can now easily implement the latest technology and level the playing field with larger organizations.

Small business owners can use technology to reduce business costs. It helps automate back office functions, such as record keeping, accounting and payroll as well as creating secure environments for maintaining sensitive business documents or consumer information.

Technology

Updated technology can help SME’s improve their communication processes. Emails, texting, websites, social media applications, can help companies improve communication with consumers. By using different types of information technology communication methods, it allows companies to saturate the economic market with their message. They could also receive more consumer feedback through these communication methods and also allows companies to reach consumers through mobile devices in a real-time.

Small businesses can increase their employees’ productivity through the use of technology. Computer programs and business software usually allow employees to process more information than manual methods. SME’s can also implement technology to reduce the amount of human labour required to perform the same functions. SME’s may also choose to expand their business operations using technology rather than employees if the technology can provide a better production output.

Technology

Technology allows small businesses to reach new economic markets they were never able to access before. Rather than just selling consumer goods or services in the local market, small businesses can reach regional, national and international markets. Websites represent a low-cost option that consumers can access 24/7. SME’s can also use Internet advertising to reach new markets and customers through carefully placed web banners or ads.

Business technology allows companies to outsource business function to other businesses in the national and international business environment. Outsourcing can help company’s lower costs and focus on completing the business function they do best. SME’s can consider outsourcing certain functions if they do not have the proper facilities or available manpower.