8 Business Applications to Modernize Your Business
Today’s small businesses have many resources they can leverage to increase the efficiency and effectiveness of the business. Gone are the days when business owners needed to rely exclusively on pen and paper or physical filing cabinets to organize and run their company. In this article we will discuss the 8 business applications to modernize your business.
QuickBooks Online (Or Any Cloud Based Accounting Program)
Cloud computing is gaining in popularity as a way to increase business efficiency. Cloud computing simply refers to applications that do not need to be stored or installed on your computer, but instead are housed on separate servers that are accessed with an Internet connection.
QuickBooks Online is one of the most popular cloud accounting programs available, and is a great application to modernize your company’s accounting department. Let’s look at a few of the main features of QuickBooks Online and how they help your company.
Bank Feeds/Transaction Categorization
QuickBooks online can link to your bank and credit card accounts and automatically download daily transactions to your accounting books. Additionally, you can add “bank rules” to the program that automatically categorize each transaction into discrete categories.
For example, suppose you want to track income by client. You have three clients, A, B, and C. You can create a rule that automatically categorizes payments coming from each of the clients into a separate income category, such as “Client A” income.
This is a valuable tool you can use to evaluate if sales for certain clients are above or below expectations, and any corrective action that needs to be done.
Financial Report Generation
Every business relies on financial reports to gauge business performance, and QuickBooks Online makes it easy to generate profit and loss and cash flow statements that provide valuable insight into business performance.
Asana
Asana is a workflow and project management app that is a great application to modernize your business. Asana is intuitive to use, and comes with a number of features including task delegation, organizing by priority or date, creating checklists for team members, and visualizing if a project is on track to meet its deadline.
Asana also integrates seamlessly with Google Drive, Slack, and DropBox, which makes transferring and sharing files much easier than its competitors.
Expensify
Tracking expenses is especially important for business owners, as qualified business expenses are tax deductible. Expensify is a particularly useful application to modernize your business as it streamlines the process of recording expenses by allowing you to upload receipts from your phone, track business miles, and link a bank account so they are automatically transferred to your books.
Toggl
Toggl is a great application to modernize your business if you rely on tracking hours to determine wages earned. This is especially useful if you have remote workers, as your workers can login to the Toggl website and add their hours for projects or days worked.
Toggl also allows you to customize vendors and edit entries to ensure hours are updated and accurate.
Docusign
Docusign is a fantastic application to help modernize your business. Docusign is an app that allows parties to receive documents electronically, add their signature, and transmit the document back.
Many companies in today’s business world do business with parties all around the world, and meeting physically is impracticable. Docusign streamlines the signature gathering process and also backs up your documents if needed.
ShipStation
Many businesses engage in Ecommerce, and ShipStation is a fantastic application to modernize your business. ShipStation seamlessly integrates with the most popular Ecommerce platforms, and takes charge from the time of order until shipment.
Having an app like ShipStation saves companies a great deal of time that can be better utilized by focusing on the higher margin aspects of your business, such as customer retention or marketing.
Bill.com
Bill.com is an app that is growing in popularity with many business owners. With features such as automatic upload of picture receipts, the ability to approve a payment with a phone swipe, and seamless integration into programs such as QuickBooks, Bill.com is a valuable tool to streamline your company’s accounts payable process.
Shopify
If you are interested in Ecommerce, Shopify is a fantastic app that can make entering the Ecommerce sector as quick and painless as possible. Shopify’s interface is elegant and intuitive, and comes with features such as automated emails to clients who leave with items still in their shopping cart.
Shopify also allows businesses to rent hardware for customers to make in-store purchases if available. Overall, shopify is a great application to modernize your business.
Summary
We hope you have enjoyed this article about the best applications to modernize your business. Please note that the list is not exhaustive, and there are additional apps we can help integrate into your business to help increase efficiency and effectiveness.
