With the advance in technology we are seeing, the future of business is automation. Newspapers have even created algorithms that, based on a template, can produce copy without human interface.
For your business to remain on top it’s important that it be as efficient as can be. This includes automating these processes of your business.
Automate Your Inventory
Stocktaking need not be a laborious chore. There are several tools available that will automate your inventory, which helps you keep track of where your business stands at all times. For retailers, there are inventory system managers like Wasp Barcode, which not only manages your inventory, but syncs your online business.
No one likes unnecessary admin. It takes up a lot of your business’ resources in the form of man hours. To free up time and effort, automate your data entry. Shoeboxed will scan and organise your receipts, invoices and documents securely online. And it’s very easy. Just send your paperwork to Shoeboxed, which analyses and extracts the required data and then human-verifies the key fields accounting and taxing purposes.
Automating the collection of payments isn’t only easier for you, but for your customers as well. A simple debit order facility, for example, enables the collection of the correct amount owed to you from your customer via EFT payments. It’s perfect for businesses that would otherwise have to invoice the same clients for the same amount every month, such as gyms that collect memberships and insurance companies that collect premiums.
File Storage, File Sharing, and Backing Up
Automatically store files, back up data and share files in the cloud. No worries about the risk of a hard drive failure. You can try Dropbox and Box, both of which are available for free as a standard version, or as a premium version if you have premium needs.
We all know the value of a well-planned budget. But you might not realise it can be automated. You Need A Budget, or YNAB, helps you budget the money you currently have, letting you know exactly where and how much of your money is going out. Therefore, less chance of overspending. This is great for your cash flow.
To stay on top, your business needs to be as efficient as can be. The 21st century way to do this is to automate components of your business.
You might feel uncomfortable with the idea of automating your business, because to some that feels like taking control. And how far can you really trust machines to do a human’s job. You can trust them pretty far, but until you’re comfortable with the idea, simply start off by automating the simpler processes, and then look at the more complicated processes.