SME

Technological change is driving growth modern businesses, and offering SMEs the ability to expand and enhance their operations far faster than in previous decades. Software solutions are all the range, and there are many different types of software which smaller businesses can now invest in at relatively low cost.

There is even some software which is free, which could benefit cash strapped startups in particular. As such, it pays to know what’s on the market, so here are some of the most popular options for SMEs.

Cloud Computing

Cloud computing has been making a name for itself in the business world, not least because it is now used extensively by a wealth of companies as a regular part of operations. Rather than investing in expensive hardware, it allows employees to do much of their computing online, massively reducing operational costs as well as offering greater security and opportunities for collaboration.

It also allows employees to work from almost anywhere, given that they can access their work online from their own computer. This can help to boost flexibility in the lives of employees, potentially increasing overall job satisfaction.

Payroll Software

Before the advent of payroll software, there were many different challenges which businesses faced when the time came to paying their employees for their hard work, such as human error and potentially even fraud.

Now, though, payroll software is on the market which cuts a great deal of the work out of organising and managing the payment process, generating payslips automatically, working out any bonuses, and sending all necessary information straight to HMRC. This allows the business to save both money and resources which would otherwise be used managing the payroll process manually.

Accounting Software

Another great piece of kit for SMEs, accounting software also has the potential to greatly save time and resources, as well as a great deal of money in the long run. One of the best aspects of accounting software is that there are many applications which are completely free, and geared towards smaller businesses.

It allows them to enter data easily and quickly, as well as greatly reducing delays commonly associated with things like invoicing. Much of it is cloud based, and it allows businesses to automate a great deal of their accounting processes.

File Sharing

Another useful software solution for SMEs comes in the form of file sharing platforms, which have become increasingly important to business operations. Applications like Dropbox allow employees to easily upload files of almost any kind to a single platform where their colleagues can access them.

This means that they can collaborate much more effectively, and access important data with incredible ease. This once again improves efficiency and potentially productivity within the business.

Software will likely continue to revolutionise the way businesses operate for the foreseeable future, with increasing levels of automation being introduced to cut out onerous processes. As such, it will be intriguing to see which newly developed software solutions will be revolutionising businesses in the next decade.