Technology is making it easier than ever to run your business. From managing projects to engaging with customers, the ways that technology can enhance your business are endless. Here are some of the main benefits of technology for businesses today and how you can utilize these tools to keep up with the competition.
Manage Projects More Quickly, Effectively, and Efficiently
Technology can help you manage your projects more quickly, effectively, and efficiently. Several different software applications can help you stay on top of your tasks and deadlines and keep track of your budget.
This software includes productivity apps, such as Asana and Trello, which help you keep track of your to-dos and allow you to collaborate with others easily. You can also use web-based payments systems like PayPal or Stripe, which make it easy to accept payments from customers online.
Additionally, you can benefit from backup software that will protect your data in the event of a computer crash or theft.
You can also use technology for trade facilitation to get shipments cleared faster and bring down the cost of moving goods across borders.
Benefit From Web-Based Payments
Web-based payments refer to the use of the internet to conduct transactions using electronic funds. Therefore, with web-based payments, your business can offer customers more convenience and flexibility in their shopping experience.
The following are benefits of web-based payments:
- Save time
- Reduced costs for your business
- Reduce the risk of fraud and chargebacks
- Better online experience for your customers
- Convenient and secure
- Delivered globally via the internet
There are a variety of web-based payments systems available.
Electronic wallets, such as PayPal or Stripe allow you to receive money from an electronic payment card or bank account directly into your wallet.
PayPal is free up until $500 per month in sales volume – after that, there is a fee of 30 cents plus 0.30% of each transaction's amount (but this can be reduced if you have lower monthly sales).
Offers both sender and receiver protection against fraud and chargebacks; seller only needs to pay fees when receiving funds, not sending them out; low fixed rate fee schedule: standard buyer fee is 30 cents, standard seller fee for goods and services is $0.30 + $0.30 per transaction
It gives you access to millions of users in over 200 countries worldwide who may be able to help grow your business through their network
Your customers can choose how they want to pay via a variety of different payment options – including cash on delivery, direct bank transfer, or mobile money service provider payments such as Mpesa
You can also use other web-based applications that will enhance the way you run your business online.
Improved Customer Service
Customer service can be enhanced through technology, allowing for better communication and tracking metrics to improve the customer experience. Technology will also allow you to streamline your employees' processes, so they have time back in their day to focus on what's important.
Conclusion
Technology is constantly changing and improving. It can be challenging to keep up with the latest tools, but there are many benefits of using them for your business. If you want to make better use of technology to improve productivity or marketing campaigns, then now is a great time to start.
