Five Affordable Technology Solutions for Businesses
Tags: ERP   CRM   Accounting   Service   Projects  
22/07/2011 12:00 AM

For expanding businesses, these five technology solutions can boost growth while minimising costs. From Business Software to low cost marketing solutions, use these five tips to take your business to the next level without incurring significant costs.

1. Alternative to Landlines
There are a plethora of VOIP services and alternatives to landlines. These can be used as long as you have an internet connection. Their pricing often comes to a fraction of traditional landline costs. Some common features of these alternatives include:

  • No fixed monthly line subscription bill
  • Per minute call rate
  • Flat monthly fee for unlimited calls
  • Very low international call rates
  • Prepaid packages
  • Cheap call-in landline numbers for your region.

These alternatives can present significant cost savings if your organisation makes numerous outbound calls.

2. Automated Training
Automated training and induction systems are growing in popularity. They have considerable benefits, including:

  • Flexibility for staff members who want to take courses at their own pace
  • Some are accredited, leading to recognised qualifications
  • Reducing the need for face-to-face training
  • Uniform programs help preserve standards for training quality

The technical nature of many induction or training programs can mean that it’s more effective to train staff through online and automated programs. Letting staff take courses at their own leisure provides more flexibility and helps sustain interest.

3. ERP Software
Enterprise resource planning software (ERP Software) is growing in affordability. More than ever small and medium businesses can make use of ERP software to stay competitive.

Businesses can integrate the following into one software package:

  • Customer relationship management
  • Accounting and financial management
  • Job tracking
  • Easier compliance
  • Job costing and project management aspects.

Benefits include:

  • Better organisation integration
  • Facilitation of communication between departments or functions
  • Easier report generation
  • Less paperwork – everything is centralised
  • Allows for automation
  • Scalability – grows as your business grows.

Well designed ERP software can be easy to use and customisable for your unique business needs.

4. Low Cost Data Backup
Data backup is something that many small or medium businesses ignore, or overlook. Scheduling regular backups can help your business:

  • Avoid costly information losses and disruptions
  • Protect the integrity of client information
  • Assist with meeting (data security) compliance requirements
  • Facilitate rapid recovery of lost information

Have a daily back up routine to protect crucial business information. There are professional data back up companies that provide online data back up for a low fee.

5. Social Media Marketing
Social media marketing is probably one of the most cost effective ways to market your company. Some of the benefits include

  • Broad marketing channel with almost unlimited reach
  • Target market can be as specialised in scope or broad as necessary
  • Businesses can capture information about potential clients, including suggestions for improvement
  • Speed – a support network or market can be quickly built
  • Social media marketing can be used to cheaply test new products, services, or niche areas before large scale investment
  • Once connected, you can continue to market your business to all your followers or connections.

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