Better And Faster: Tech To Improve Business Efficiency

Improve Business Efficiency

The average employee is only productive for around 2 hours and 53 minutes each day, according to Voucher Cloud. With employee productivity directly related to completing projects and earning profits, businesses need to find ways to improve and streamline how tasks are done. Thankfully, technology has come a long way in improving lives. So what pieces of tech can help improve business efficiency?

Communication Software

Employees of businesses with around 100 employees spend an average of 17 hours each week on clarifying unclear communication, according to Quantified Communications. The same study found that this miscommunication ends up costing businesses a minimum of $525,000 each year. To avoid this, businesses can tap into using communication software like Slack, Zoom and Skype, which offer free, seamless, and real-time communication channels for employees. It is best to select communication software that has data encryption so that sensitive communiqué is protected.

Time Tracking Software

Time And Expense Tracking

A general business day expects employees to shoulder multiple tasks at a time. However, multitasking while not keeping track of time decreases productivity by 45%, according to Tempo. A good piece of tech to tap into to avoid that decrease is time and expense tracking software. Businesses can integrate time and expense tracking into their existing systems and streamline their collection. It can also help avoid human errors, as tracking software has built-in validation to ensure accuracy. Time tracking software also provides business owners with clear employee logs that can help with a faster issue of invoices.

Collaboration Platform

Around 75% of employees say that collaboration and teamwork are very important, according to the Queens University of Charlotte. With most employees working remotely, technology can help fill in the gap through collaboration platforms. Some good examples of these are Flowdock, Proofhub, Filestage, and Freshdesk. The point of collaboration platforms is to provide workers with a digital workspace where they can interact with coworkers and bosses about projects and other tasks. It ensures that employees still feel connected to the company instead of an isolated gear that needs to keep turning.

These are only a few examples of the many pieces of technology that have made business processes faster and better. It would be prudent for business owners and those in administrative positions to look over their processes and see where it would be appropriate to inject helpful technology. That way, they can take full advantage of the benefits that are suited to their needs.

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