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6 Business Technology Tools to Save Time and Money

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In today’s fast-paced business world, staying on top of technology trends is a must if you want to stay ahead of the competition. In fact, according to Gartner’s research, by 2025, 80% of B2B interactions will be on a digital platform.

While it’s great that technology is evolving so quickly and becoming more widely adopted across industries, these trends can also seem overwhelming as they change on an almost daily basis. Here are some tools to help you stay on top of things:

Online Payments Tools

Technology allows for safer, faster, and convenient online transactions. For example, ACH payments are becoming more popular across the business world.

These electronic payments use an ACH network to transfer payment transactions. They’re currently safer than checks or wire transfers because there is no need for manual intervention on behalf of banks or financial institutions.

All you need to do is send an ACH authorization form like the one on this website, and the customer will send money directly from their bank account over the ACH network.

Another online payment trend you should watch out for is peer-to-peer solutions like PayPal and Venmo. These solutions allow users to quickly send payments across the internet without having to use cash or checks, making them a great way to pay employees who work remotely.

Task Management Tools

Task management tools allow teams to work together to complete projects. While the most popular task management tool is probably Asana, several other options like Trello and Basecamp offer a free version of their product for small businesses or hobbyists with limited budgets.

These apps help users collaborate on projects by creating tasks, assigning them to team members, and grouping related messages together in a single place.

Task management tools are a great business technology for any company that has employees working remotely or needs an easy way to keep track of who is doing what task at any given moment.

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They also allow teams to track the progress of projects every step of the way, so there are no surprises when critical deadlines approach.

Enterprise Resource Planning Tools

ERP tools are comprehensive business management applications that combine human resources, payroll, and accounting into one system.

While many businesses use traditional Microsoft Excel spreadsheets to manage their finances, ERP software can be a great option for companies with more than seven employees because it allows them to monitor all aspects of their business at once easily.

ERP tools are great for businesses that need a comprehensive solution for managing everything from payroll and inventory control to invoicing customers and tracking expenses.

These applications also allow companies to integrate information across the entire company, so everyone is on the same page and working together to achieve business goals.

HR Management Software

HR management software is another type of enterprise resource planning tool that allows companies to manage everything from employee performance reviews, salary information, and benefits enrollment in one place.

This solution offers a comprehensive way for businesses to keep track of their human resources department without wasting time or money on manual processes.

HR management software also helps managers identify trends that may be leading to problems like employee turnover or low productivity.

Accounting Software

Accounting software is another type of business technology designed to save small businesses time and money.

These tools allow owners to quickly manage their entire accounting department without using any extra resources, which means you can focus on growing your company instead of worrying about how you’re going to pay employees or file taxes.

Accounting applications offer a comprehensive solution that includes invoicing and billing to payroll processing, tax filing, and more.

These tools help business owners track the financial health of their company at all times so they can remain on top of their budget without wasting time or money.

They also offer features like inventory management, which ensures you never run out of supplies or products during peak seasons or order too much during slow months.

Data Protection Software

Computer data protection software is another business technology that helps companies safeguard their most important information.

These tools are designed to protect any file, making them especially useful for businesses with sensitive client information or those who handle regulated documents like financial records and health care files.

These applications prevent unauthorized users from accessing the network to keep your company data secure.

They also ensure all files are backed up in the event of a system crash or other type of disaster, which means you won’t lose any valuable information if one of your devices goes down for any reason.

Conclusion

Staying on top of the latest technology trends and tools will help you save time, money, and energy. Time is valuable in business, so don’t waste it trying to complete tasks that can be automated manually.

From online payment tools that require ACH authorization form to data protection, all these tools are necessary for any business today.

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