5 Ways How Technology Fuels Business Growth

Technology has a major influence in today's modern workplace. Businesses use technology to extend their facilities and to serve their customers better. Technology help companies to achieve growth and success when utilized effectively. Successful businesses don’t view technology only as a way to automate their work processes, but also use it to open up new and efficient ways of doing business. A business that has the technological capability to explore new opportunities will stay a step ahead of its competition. Technology implementation in a business will help the business to grow in many areas. Enhance Productivity The productivity of an organization can be improved with the help of using technologies like time tracking software - a tool for mapping out where time is spent, a digital filing system to arrange and store documents digitally to save time, physical space and cost, email management system for better flow of communication and other project management tools which help in making the work more easy. Improves Marketing The use of softwares to create a marketing plan that can be edited, updated and share in the team, using social media sites to promote your business, products, and services and getting more reach to people, writing blogs related to business to target relevant audience, etc. Promoting the business with a website and online marketing, create an opt-in form for clients in website and collect their information for utilizing bulk emailing system. All these technologies will enhance the marketing strategy of the business. Streamline Accounting Use an online invoicing service to reduce the costs of collecting payment from customers , use of online budget tracking to keep on top of and reduce your company expenses, online tax filing software’s, share digital files with your bookkeeper or accountant to improve your ongoing bookkeeping processes, use comprehensive accounting software to simplify your business finances. Communication and Training Use of teleconference calls, webinars and web conferences for keeping everyone in the loop for discussion irrespective of the geographical areas, online training to employees to reduce cost and time, team messaging platforms to share common messages. Better Customer Service Use social media to conduct customer service, online help desk or ticket system to handle customer issues, online meeting scheduler application, online surveys and questionnaires to get customer feedback. In short, if businesses will take wise and smart decisions on their investments in technology, adopting the right solutions for their business, then growth and success becomes easier to achieve than ever it was! This blog post is written by Mr. Sajeev, Business Advisor at Flying Colour, a leading business setup, VAT and Accounting Services company based in Dubai. He is always willing to go the extra mile to help clients with their new business activities and processes. For more details, please contact us at +971 4 4542366 or email us at info[at]flyingcolour[dot]com.