Many businesses - both large and small - faced a tsunami of challenges in March 2020. Those who managed, or are still managing to stay afloat, had to adapt to new ways of doing business. Essentially, they learned how to make lemonade out of lemons. While lots of physical changes have been made to accommodate customers and employees, many businesses have become the master of their future by improving or instituting the use of digital technology.
Let's explore some of the digital management tools and software that may help your business run efficiently so it can be competitive and profitable in this new climate.
Website Content Management System (CMS)
A content management system (CMS) is an application used to manage a website. A CMS is typically designed for ease of use so a business owner can add, remove, or update information on the site without involving code or additional software. The most commonly used CMS is WordPress, which powers around 42% of all websites.*
Social Media Management Tools
Social media management tools make it easier to manage all of your social media channels. They streamline the process by help you with everything from scheduling posts, to automatically sharing content, creating images for social media, and analyzing performance—all in one place. A few platforms include Hootsuite, Sprout Social and SocialBee.
Not using social media?See why you should be!
Keeping track of the financial health of your business is much easier when all the data is in one place. Accounting software is designed to make bookkeeping less complicated and time-consuming. Many platforms such as Quickbooks Online, which is specifically designed for small businesses, offer access to accounting data online allowing you or staff to manage the books at the office or remotely.
Human Resources Platform
Digital HR is the transformation of human resources services and processes through the use of social, mobile, analytics and cloud technologies. The purpose is to improve both organizational success and employee experience by evolving to a digital-first, data-driven strategy. There is software available to automate all of your HR functions, including:
- Collecting bank account information for direct deposit
- Tracking vacation time
- Sharing important year-end tax documents
Read What Employees Want from Employers to ensure your business will be competitive as changes rapidly take place in the workplace over the next few years.
Project Management Software
Does it seem like your team is disconnected, you’re always short on time, or no one seems to know what others are doing? Project management software can help you organize and manage resources for improved planning and scheduling, budget management, and collaborating online. It is a great tool that offers these key advantages:
- Helps staff to be more productive and efficient
- Identifies where projects are in their lifecycle
- Allows everyone to see and track progress
Treasury Management Solutions
Streamline your business finances with a tool like Lakeland Bank's state-of-the-art Treasury Management Solutions. It can help you increase efficiency, drive profitability and automate business processes, leaving more time to focus on what matters most – running your business.
Video Conferencing Software
“I think you’re on mute.” By now, everyone has either uttered or heard that phrase many times! But, think about it - where would we be without video conferencing capabilities? And as much of the workforce and marketplace continue to operate remotely, it’s more important than ever to have video conference software that allows you to connect with your team or clients. The software promotes collaboration, boosts productivity, and reduces travel expenses. There are many solutions available – both paid and free – such as Zoom, Microsoft Teams, and Google Meet.
Another important tool, especially if you and staff work remotely, is having the ability to share large files at a moment’s notice. Sharing files allows you to speed up tasks and facilitate a smooth collaboration. Look for secure business file-sharing tools, such as:
- Dropbox Business
- OneDrive for Business
If you haven’t already done so, it’s time to make an investment in some digital tools to help your business succeed. These tools are more essential than ever and provide the flexibility to meet the needs of your customers and staff in a rapidly changing environment. Visit our Simply Speaking Blog section for more articles on how to help your business thrive!
If you’re looking for business banking services, we are here to help. We work with small businesses like yours on a regular basis, securing loans, providing online services and offering cash management solutions. Call us today at 866-224-1379.
* Source: WordPress.com