Technology is changing every aspect of the way we do business, from cloud technology to email management to social engagement. And the pace of technological advancement is only increasing. But which advances can best help you grow your small business and stay ahead of the competition? Here are some important trends to consider in 2020.
Increased adoption of technology.
Many small business owners believe that cutting-edge technology is only for large companies. But embracing tech trends is increasingly important for businesses of all sizes. As a small business owner, you can’t afford to ignore advances in technologies such as AI, which can allow you to improve in critical areas such as the customer experience.
The continued growth of the cloud.
Cloud-based solutions are not new. But cloud technology continues to evolve, making cloud-based systems important – and cost-effective – tools for any business. A cloud-based accounting platform like Sage Intacct allows you to manage your finances whenever and wherever it’s most convenient for you. And it frees you up from unproductive manual tasks like data entry, so you can focus your time on taking care of your customers.
Most small business owners will tell you that they don’t have enough time. One reason is that too much of your day is taken up with repetitive administrative tasks. Studies show that US businesses lose an average of 4.8% of their time to admin functions – time that could be better spent on more strategic tasks. Automation allows you to eliminate repetitive, time-consuming, manual tasks that can decrease your productivity. Options include accounting software that automates your payment processing, and marketing platforms that integrate your website, email communications, and CRM systems.
A growing number of companies are exploring ways to increase sales directly through social media platforms such as Facebook, Twitter, and Instagram. And as the demand grows, the technology will continue to evolve, giving your small business an increasing number of options to reach more customers.
Today’s tech trends can help you save time, make better decisions, increase productivity, and grow your business. MicroAccounting can help you make the most of these trends with ERP and accounting solutions, including Sage Intacct. Call us today at 855-876-3773 or email us at firstname.lastname@example.org to find out more.