Technology and SME enterprises

Technology and SME enterprises

The technology of the information age has transformed the way of living so is the life of SME owners. With revolutionary technological solutions available in the market developed especially for SMEs, today, small and medium-size businesses can easily enjoy the benefits of sophisticated technology in their businesses. With this, businesses are able to save money, time and hassle while improving the service quality.

Here are a few ways technology can help small and medium-sized businesses. 

Streamline operations

Small and medium size businesses don’t have the luxury of hiring many employees as they wish. Thus, it’s common for one employee to wear different hats throughout the day.

For any SME who is trying to get the most out of their small team technology solutions such as enterprise software solutions can help in a great deal. Whether you want to streamline your manufacturing process, warehouse operations, accounting, sales and marketing, or even customer relations, right technology can save your day.

Speed up everything

Implementation of the right technology for the right solution will help you speed up processes and operation in ways you never thought was possible before. For an example, if you have an e-commerce store for your store, you will easily be able to take orders online and accept payment and send the order request to the inventory management department to deliver the shipment. All of this will take only a few seconds.

Better communication

Communication is essential for any operation to run smoothly. Digital technology presents you new communication methods that enable your teams to collaborate better and customers to reach out to you effectively. From custom email domains, project management tools, website catboats to custom web applications today, there are many cutting-edge yet affordable tools that can transform the communication and collaborations in your business.

Modern marketing

When you are starting small, your budget for marketing can be a little tight. Thus, you will have to find effective yet affordable ways to promote your business. This is why digital marketing is one of the most effective marketing strategies for small and medium-sized enterprises.

Different digital platforms such as websites, social media channels and online directories can help SMEs reach a broad audience of their target market for a very low cost.

Cashless payment

Today more and more people appreciate having the option to pay for products and services they purchase without cash. Offering your customers, the opportunity to pay with credit and debit cards or with bitcoins or electronic wallets such as Paytm, Mobikwik, Alipay, American Express and Apple pay, ensures a hassle-free service experience for your customers while setting you apart from your competitors. Whether you are offering services online or you sell in your store, finding the right technology for cashless payment has never been easy.

Conclusion

These are only some of the benefits technology can deliver to SMEs. High security over your data, 24/7 connectivity, better management options are few other benefits worth mentioning here. In conclusion, adopting the right technology can transform any SME upside down for good helping them with their day to day and long-term business struggles and challenges for a very low cost.

Why SMEs look for Service outsourcing in Dubai?

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Service outsourcing is catching fame like wildfire around the globe among small businesses. With this, small business owners get the ability to have their own accounting department or an IT department without having to invest a small fortune. Many small business owners are fond of outsourcing services due to its multitude of benefits. In this article we share are a few of the reason why SME’s tends to outsource some aspects of their business operations. 

What is service outsourcing? 

To put in simple words, the practice of having a particular job function done outside a company without having an employee or a team handle them is known as service outsourcing. Below are the benefits of service outsourcing. 

Save your money With outsourcing, you will be able to create entire new departments in your business without having to hire any employees. Thus saving you the money you will otherwise have to spend on employee salaries, allowances, workspaces and other operational resources. 

Reduce risks 

Hiring new employees can be a huge risk especially when you are starting in business. During this stage, team expansion should be done strategically and wisely. When you outsource your operations, you get to have a team for yourself that is not your own. Which reduces financial risks in a great deal. 

Make everything simple 

In small businesses often business owners lack business and operational knowledge and skills although they are expert in their industry. This might make it difficult for them to supervise other business aspect of the business such as accounting and supply chain, even if they hire employees to handle such operations. However by outsourcing what you don’t know you are always ensured a reliable service. 

Competitive advantage 

When you are handling everything in-house, all those expenses in managing inhouse employees passed down to the end consumer. With the costs saved with outsourcing, you will get a better competitor advantage in the market place. 

Experts’ expertise for a lower cost 

In early-stage on businesses, it’s difficult for business owners to afford well-experienced professionals for their company. But when you are outsourcing services, you get the opportunity to get the best expertise for your business from highly experienced professionals for a fraction of the price if they were to hire as in-house employees. 

Release you from employee obligations 

Managing an in-house staff is a huge responsibility and a lot of work. From payroll management, leave approvals, other compensations to employee privileges to be in compliance with the law, the list goes on and on. But once you outsource your services, you never have to deal with any of these ever. 

Save you the hassle 

When your team gets bigger, you need bigger spaces, better technology upgrades, and more resources, which piles up to the business challenges you already have. None of these requires with outsourcing which lessen the stuff that you need to invest yourself in. 

Enable you to start projects quickly 

Many small businesses have very tight budgets and this might hinder their ability to go conquer new business opportunities and start new projects. Complexity in operations and risk involved in can also add up to this. With the outsourcing options, the business gets the agility to start new projects at any time as it reduces the risk in a great deal. 

Service outsourcing can bring your business many benefits, only if you choose a reputable service outsourcing partner in U.A.E. like Cravety.