If you are involved in running a business, you will know how technology has changed almost everything in recent years. But, making sure that tech works in your interests is sometimes a problem, and choosing the right tech to ensure business growth can be a daunting task.
All modern businesses thrive and grow on data. Whether it is data around their customer base or data derived from internal processes, the information that it gives is crucial to future success. As more organisations realise this, more begin to invest in resources that help collect and interpret business data. Chief among these resources are combined CRM and ERP systems such as Microsoft Dynamics 365.
What are CRM and ERP systems?
When first hearing about the reach of the EU’s General Data Protection Regulation (GDPR) rules and regulations, it may have sent a shudder through you or your IT department. Many firms weren’t set up to comply with a large set of new obligations, which is why so many have yet to make the necessary changes. The new laws, aimed at giving individuals more control over the way third-parties handle and store data about them, came into force over six months ago. Large fines and penalties can be handed down to anyone falling foul of the rules.
It might not be comfortable to know, but the biggest threat to your data security is already in your business. If you have ever wondered how hackers gain access to systems, it doesn’t always involve hi-tech gadgets or knowledge. More than 90% of these type of attacks begin with emails that are not what they seem, which then rely on human responses to trick their way through your defences.
With much uncertainty around the possible outcomes of Brexit, and with the leaving date a few months away, you would be forgiven any confusion about the best steps to take for your business.
Whatever the Brexit result, the optimal outcome for any business will be to find ways to increase productivity. Although some aspects of the months ahead will be out of your control, by concentrating on the things you can influence, you can ensure that your transition is smooth.
When you have a business that relies on computer systems for any number of different aspects of day-to-day running duties, the need to stay current with updates is a key concern. It’s pretty hard to find an organisation that doesn’t rely on some form of computer these days, as even the smallest SME or sole trader will be using a personal device of some kind for communications and data management at the very least.
This means that your desktop computers, laptops or other devices are vital business tools and so you need to make sure they are making use of the latest safety, security and efficiency updates and versions.
When you have a business that is growing, you know that you are doing something right. Taking on new employees usually means that demand for your services or products is increasing, and you need a bigger workforce to keep up. Of course, having new starters might also be part of a process of planned expansion, aimed at creating more demand. In either case, the need to ensure your onboarding system is adequate is key to success.
You don’t have to be an IT security professional to know that there are plenty of risks facing anyone who uses internet tools in their work, and these days that means just about everyone.
That’s why an initiative called Cyber Essentials is something that you need to know about. Not only can it help protect you against a range of threats, but it can also help your productivity and increase security for your customers and clients.
Power Business Intelligence (Power BI) is an array of applications, software services, and connectors that work side-by-side to turn your firm’s unrelated data sources into visually stunning, logical, and interactive insights.
Whether the data consists of a mix of in-house and cloud-based information, or a single Excel spreadsheet, with Power BI you can quickly connect to all your data sources, discover and visualise the most important features, and then share it with anyone you wish.
Readers familiar with the cloud will be aware of how it can boost efficiency and productivity for a business. Most may not even remember what it was like having to manage their client and financial data via a variety of applications and software, or even a multitude of printed reports.
More and more businesses are choosing to deploy their financial management and accounting software in the cloud. Here, we explore some of the reasons why we believe cloud-based accounting will become the universal norm in the not-too-distant future.