A perpetual challenge many small- to mid-sized businesses (SMBs) face is budgeting. With only so many resources to go around, small business owners are always looking for ways to stretch a buck.
Here are some common resource problems SMBs face, and what business owners can do to work around such difficulties:
Inability to adopt new technologies
Let’s face it — tech can be expensive.
Automation and intelligent design were the biggest buzzwords of the previous decade — and in this age of a highly competitive tech race, they have become the cornerstone concepts for a new era of powerful and accessible business solutions from tech companies aiming for bigger growth across the board.
Microsoft Dynamics 365 Business Central (BC), offers a feature many of its competitors struggle with — a user-centered automatable workflow tool. This feature, which is powered by Microsoft’s AI developments, frees up your staff from dealing with menial inputs so that they can focus on delivering their best work.
An increasing number of small- to mid-sized businesses (SMBs) are turning to managed services providers (MSPs) for their IT and technology needs because of the scale of service possible on such an affordable subscription model. This has also resulted in numerous MSPs trying to capitalize on a still-growing market.
Automation used to be a “luxury” only big corporations could enjoy. Many business managers fail to realize that automation is closer to home than it seems, and nowadays, it’s something small- to medium-sized businesses (SMBs) should take advantage of to be more competitive.
Dynamics 365 Business Central took the world by storm in 2018, with global businesses discovering and then flaunting its powerful features. It was then the best example of a digital enterprise resource planning (ERP) tool.
Despite being praised for its ERP tool, Microsoft and other tech developers have introduced further enhancements by releasing apps that can be integrated directly with Business Central, to further improve all users’ Business Central experience.
There is a popular saying that change is the only permanent thing in life. And in the life cycle of business software like an enterprise resource planning (ERP) app, that adage certainly applies. Outdated ERPs are often bad for business — because of their usage limitations, their tendency to be difficult to use daily, and their absence of assurance that they will remain secure in digital-driven business landscape.
An enterprise resource planning (ERP) system serves as the brainstem of any modern business; through it, your organization’s decision makers can gather data and issue informed directives at the touch of a finger. It's crucial that business leaders keep their ERP systems properly managed and maintained.
Big data is a widespread term used to refer to data sets that are too large and/or too complex to be adequately processed by conventional data-processing application software. Many tech experts have touted big data to be the most important tech breakthrough in the industry, and it’s easy to see why.
Not many industries are as rife with challenges as the hospitality industry. Being part of a service-oriented sector, hotels and inns are faced with so many challenges that can easily fold the unprepared. Those that find opportunities amid all the chaos are most likely to prosper.
