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How Software is Changing the Way We Do Business

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Technology in the workplace is nothing new, but the advancements made over recent years have slowly shaped the way we do business into something entirely different to the way we worked in the past. Even as recently as a decade ago things were completely different, and the next 10 years look set for further change still.

Wise business owners see software as a canny investment for their companies. Many of the latest software suites allow them to complete tasks at a much faster rate and often with improved accuracy to the old, manual way of working. Let’s take a look at some of the different types of software available today and how they help businesses, both big and small:

Database software

Storing documents in the past used to involve a great deal of work and it also required a fair amount of space too. Things such as contact details, to-do lists, files and forms, and other types of documentation were all largely paper-based and needed to be completed and filed by hand.

Banks of filing cabinets are now a thing of the past as software allows us to hold all of this vital information on our computers. Cloud storage also allows employees to access company data from anywhere in the world and there is no longer the fear of these documents being damaged by flood or fire either.

Onboarding software

Onboarding is the current buzzword for company orientation, or organisational socialisation as it was once known, although it does include a little more than the induction days of old did. Things such as documentation, communicating essential content, access to relevant handbooks and information on the company’s ethos and values are all transmitted by onboarding software. This saves the employer both time and money, and it empowers the new hire by allowing them to work through the process themselves.

Asset management software

Any business that is involved with distributing, manufacturing or selling physical products will need to keep some kind of inventory to stay on top of stock levels. Previously this was often done by way of an annual audit or stocktaking; both of which required a certain amount of man-hours and often cost the company money to complete.

With the introduction of asset management software and sophisticated data analysis, companies are now able to keep track of their assets as they go. The software also has the added bonus of being able to keep track of other assets such as company finances and bank accounts too.

Payroll software

The introduction of payroll software has changed the way companies handle employees wages and taxes for good. Regardless of the size of the company there is likely to be a payroll solution that will fit their needs. Direct response allows users to print their on tax forms and pay slips whenever they may be needed and its emergence has streamlined payroll departments significantly. Once you print off those tax forms, you can use a company like Turbo Tax to do your free online taxes in most situations.

These are just a few of the software options available to companies operating in the 21st century; who knows what the next decade and beyond holds for those interested in business software.

Photo: Jason Rogers

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