If you want to be a successful business owner within the current climate of our world, it’s crucial to effectively leverage the digital tools that are available to you. There are a plethora of software integrations that have been created with the intention of streamlining business processes and operations. The trick is finding the right software solutions for your company’s specific needs. The following are some leading digital tools that are helping change the way that modern businesses operate during the unprecedented times of our post-COVID world.
1. Software Solutions for Cutting Business Costs
Reducing business costs is especially important now when many companies can’t operate under their normal conditions. With businesses having to adapt quickly to mandatory stay-at-home orders and social distancing regulations, a large majority of workers have been forced to work remotely for the first time. Since the traditional operations of so many businesses have been turned on their heads, cutting costs within the right areas could be these companies’ saving grace. But how do you go about cutting costs in effective and efficient ways?
One company that is paving the way for systematic cost-saving decisions throughout various industries is Incito. The Value Stream Mapping workshop by Incito helps business owners evaluate the current state of their operations so as to make productive and pronounced changes to lower costs. Value Stream Mapping (VSM) involves assessing your business operations as a whole to make better decisions about the material flow and logistics. VSM with Incito allows business owners to appraise the flow of value for their deliverables and other products at every individual step of the order fulfillment process. With the help of Incito’s VSM workshop, your company’s leadership team will be able to effectively lead the rest of your team members through the Value Mapping process. Incito is dedicated to empowering company leaders and instilling them with the skills they need to revamp their company’s logistics.
A Value Stream Map allows you to meet customer needs for specific products on an individual level. VSMs let you secure the highest value possible on customer orders and deliverables. The first step to cutting costs for your company is to make certain that you’re getting the most possible value out of all your raw materials and products. Incito’s VSM workshop is committed to educating company leaders on the flow of value and information within your business. The skills and information that you gain with the help of a VSM workshop give you the insights you need to rethink your business processes.
2. Integrations for Goal-Setting and Streamlining Workflows
Goal-Setting is an essential part of any successful operation. Realistic goal-setting can be difficult, especially in the time of COVID-19, when operations have been so drastically disrupted. WorkBoard is a leader among goal-setting software solutions, and their OKR tools reimagine the way your team members engage with one another as well as company goals. The OKR process focuses on the alignment of employee performance with company objectives on both a team level and an overall company level.
OKR is an acronym that stands for Objectives and Key Results. WorkBoard’s OKR framework provides a template for goal alignment and regular performance management check-ins. With powerful OKR software, you can take into account the difficulties created by remote work by providing clarity for day-to-day communications and operations. WorkBoard’s OKRs help you create a shared vocabulary and open up communication between team members. OKRs allow you to achieve amazing results by focusing on measurable results in workflows.
A great way to ensure your team is on track is by promoting employee engagement and continually updating your team on their progress. Any effective business strategy or action plan involves keeping your team in the know. With WorkBoard’s OKRs, you can be sure that your employees are always aware of where they stand. The power of OKRs lies within their ability to offer high visibility for company objectives, information flow, and performance reviews. Once you set goals for your team, WorkBoard’s OKRs provide an entire overview of these objectives for your team at a glance. With weekly progress reports, your team is always aware of improvement opportunities. The metrics and analytics provided by this powerful tool ensure that your team is always moving in the right direction.
3. The Many Benefits of Utilizing Accounting Software
Accounting software is an amazing resource for business owners, especially small business owners. When your company is just starting out, a good way to overwhelm yourself is by handling all of your finances on your own. The best way to overcome these challenges is by integrating a trusted and powerful tool such as accounting software. Depending on the size of your team, accounting software can save you both time and money. With many businesses working with remote teams currently, it’s easy for minute details to get away from you. Accounting software will reduce the risk of human error when it comes to data entry and computations. It will also allow you to easily track spending and costs so you can always stay on top of your cash flow and profit margins. With all of these powerful tools at your disposal, it’s important to make the most of these resources as a business owner.
