Like in every part of life, improvements in technology are having a positive impact on how small to medium businesses manage their processes and finances. An example of this is the evolution of online accounting software, giving businesses real-time access to their financial information.
But the advantages of online accounting software do not stop there.
In a world where business collaboration is becoming increasingly important, some online accounting software packages are intuitively integrating with other software providers. These add-on software applications can intelligently sync data between your accounting software and their software applications, which can make running your business much easier. The types of integrated software include anything from electronic payment processing, inventory management, time tracking and more.
Improved visibility on your business performance
Alongside some of these add-on software applications are a number of reporting and business intelligence tools. With visibly appealing reports and dashboards these tools can give you improved insight into your business performance. Many include the ability to incorporate non-financial data from other sources, such as your customer database or Excel.
Keeping a keen eye on your business performance is critical, and using technology can help make the process of monitoring your KPIs and business trends much easier, but it can be tricky to know where to start.
We have a team of specialists at BLG Business Advisers that make the world of technology look really easy.