Automation Triggering a Renaissance in Small Businesses

1. Automation: Triggering a Renaissance in Small Businesses Automation is no longer just a hot topic for the sci-fi movies of the 90s. It is real, is all around us, and is spreading its roots in every possible area. The best part about automation is that it does not relate to any one area or industry. It has its applications on more platforms than you can imagine, and yes, small businesses are a part too. Earlier, the entrepreneurial world had the misconception that artificial intelligence and machine learning can only be afforded by the large enterprises. Well, it is far from the truth. Automation is as much for small businesses as it is for the larger firms. Why Automate? Automation is not all about robots and replacing humans with machines. It is capable of a lot more and is actually securing the future of businesses. For instance, with smart tools and applications easily available on the internet, entrepreneurs are better able to analyze their company data, business operations have become streamlined, and collaboration among teams has improved. Small businesses, in particular, may find it easier to incorporate automation in their daily tasks since the major operations are done on a small scale. Also, automation is highly scalable, so businesses can expand easily. Here are 5 reasonswhy implementing automation in small businesses can be the game changer: Automation is the future The most convincing reason for businesses to upgrade is the fact that automation is the future. There are many problems with manual operations, for one, it is time-consuming, and two, the possibility of errors is significantly high. Automation not only does more work in less time, but it also reduces errors. An ongoing debate among people is that automation will replace humans and people will end up losing their jobs. But, a positive end to the case is that automation will free up humans so they can focus on more critical areas, such as business expansion. Better online presence to increase conversion rates With automated follow-ups, online chat-bots, and improved customer resource management, the conversion rates have improved recently. Since employees cannot man the desk at all times, firms can use automation to be always available, for example, installing chat-bots to create an online presence 24*7. This ensures that all queries are answered and prospective clients are being followed up. Reduced human input for greater accuracy Firms can enjoy greater accuracy by automating calculations and data processing. Humans have a greater possibility of committing errors. Employees may phase out while entering critical client data on software for example smart accounting software or may even make accidental omissions while making calculations. If not verified, the entire outcome can be misleading. Such mistakes can be controlled with the help of automation.

2. Automation motivates employees to be more efficient Instead of spending their time on mundane tasks, employees can now focus on areas that are conducive to growth, both business and personal. This is possible because artificial intelligence and machine learning allows routine tasks to be performed by bots, saving more time for humans to exploit. Employees are now more motivated to perform better at work. Accounting and automation are two sides of the same coin Accounting is highly prone to errors. Dealing mainly with numbers and dominated by humans, errors in accounting are common. But that doesn’t mean the trend needs to continue. The past few years have seen more accountants leveraging the power of accounting software. One of the most renowned accounting software is QuickBooks. The accounting software market has been dominated by QuickBooks for a long time now, and the most prominent reason is that it requires minimal human input and leaves no room for calculation errors. On top of that, QuickBooks can also be hosted on the cloud. So, the accountants who leverage the power of accounting software can also enjoy a greater amount of mobility, scalability, and flexibility with QuickBooks hosting. The Final Verdict: Time Is Money Small businesses that are still not convinced about automating their core operations can pay heed to one aspect that we have not discussed above: time is money. Small businesses enjoy greater direct interaction with their clients, a benefit that larger firms are void of. Shifting focus from unimportant, routine, and mundane tasks can help employees to work on improving services for their customers. With automation handling the unimportant tasks, the employee focus can be shifted on how to make the customer experience more unique and fulfilling. About Us Sagenext is a tax and accounting application hosting company, dedicated to serving CPAs, tax professionals, start-ups, and small and medium-sized businesses. For cost-effective hosting solutions and more information regarding the same, visit www.thesagenext.com.