Tips to Simplify your Business
recommended by Pierre Namroud, CEO of NAMTEK Consulting Services
Tip #1 Select a fully integrated software system to run your business
When selecting to set-up a new software solution, whether it be in accounting, sales, purchases, EDI, inventory management, Business Intelligence, or simply deciding to upgrade your existing one, remember that the best option would be to have a single fully integrated software platform to run your business.
Tip #2 Build an eCommerce presence
By 2019, financial and business analysts estimate that Canadians will be spending about $39 billion dollars online. This is almost double what was spent in 2016.
The industry is expected to grow at an extraordinary rate within the next few years. This makes the present an excellent time to jump into online retail.
Tip #3 Reduce your risks of investment in IT
There are two important points I want you to consider:
- Adopt the Software as a Service model (SaaS)
From time to time, I meet with business owners that are either unaware or are hesitant to adopt the “Software as a Service”, or SaaS, solutions for their business. SaaS is a model where the company pays for the software licenses “per user” either monthly or yearly, while the deployment could be in the “cloud” or “on premises”. This model eliminates the upfront investment of a software solution and converts the IT expenditure to an expense rather than to a depreciating asset. This option is truly an amazing concept for SMEs, since it is more affordable and much more flexible.
- Adopt a “Cloud-Based Solution”
The concept of “cloud” is fairly new. It has evolved to offer stronger security and higher availability. “Cloud” systems are running on powerful and secured shared computing environments. Today, it has become very popular, since mobile devices and files storage services, such as Google Drive, SkyDrive, Dropbox, etc., all use cloud-based infrastructure to access and store data.
Tip #4 Mobilize your enterprise
Certainly, tablets and mobile devices can’t replace computers in a workplace, at least for now. However, there are specific pre-defined areas in every business where mobility can add value in terms of efficiency and productivity.
- Warehouse management in a real-time
- The sales force on the road
- Keeping executives up to date while on the go