Running your own business can be an overwhelming undertaking. As things start to take off and your business begins to grow, the amount of paperwork and admin tasks sitting on your desk inevitably rises. Without systems in place, tackling day to day responsibilities can become confusing.
Organization then is a key component for business success in 2020. Here are a few ways in which technology can play a crucial part in organizing business, and help entrepreneurs avoid missed opportunities and administrative armageddon.
Share data with relevant teams
Technology is great at sharing data from work systems to relevant parties in a business. Take a business’s Point of Sale (POS) offering as an example. There are several different areas of a business which could benefit from transparent, up to the minute data on what customers are buying.
Modern POS systems allow this information to be stored and shared to these stakeholders. This allows executives to make informed business decisions based on the latest sales reports, logistics to manage stock quantities based on demand and gives marketers purchasing information to inform their re-targeting strategy.
Sharing really is caring when it comes to modern business and technology allows this to happen seamlessly and instantaneously.
Keep on top of complex projects
Launching major pieces of work into the world is not something many businesses leave to just one person. These projects often take stakeholders from a variety of teams, some of which may not even be situated under the same roof…or even country!
With so many moving parts involved, it is crucial that there is a system in place to help everybody understand where things are in a timeline and what needs to be completed next.
Project management systems do just that, and there are many to choose from. These systems allow teams to congregate and plan out individual tasks, share files and log time. This can give managers an accurate breakdown of project progress and even create a Gantt chart to accurately predict the estimated completion date – and pinpoint the potential risks along the way.
This software also allows remote working to thrive, giving employers the ability to monitor employee output from out of office locations through time tracking.
Monitor your workforce
As teams grow, HR tasks such as appraisal meetings and salary reviews become more frequent. These meetings are guilty of often falling into a ‘benefit of the doubt’ session, in which the staff member and manager try to recollect the many successes and failings over the previous months.
This is why Digital HR solutions such as people management software are essential. Employees can log their successes throughout the year and display a comprehensive report of their performance in appraisal meetings. This removes any guesswork from the equation and ensures employees are aptly rewarded for their contribution to the business.
Aside from appraisals, people management software can have many other administrative benefits, such as the ability to monitor employee holiday allocation, secure data storage for personal information and even provide functionality for employees to reward one another for outstanding examples of work.