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Technology helps business owners use their limited funds in smarter, more effective ways. In many instances, technology adds versatility and enables a company to be more efficient. For many, it’s a natural progression for a lot of the processes you already have in place. In some cases, it may be necessary for you to make adjustments to take advantage of new tech-friendly solutions. The good news is the benefits of adding technology usually outweigh the cost and initial transition period as the new systems are put in place.

Here are several tech-based solutions that could make your business more efficient.

Freight Management Software

The number of businesses using freight management software is on the rise. This is because such technology greatly improves the processes that control shipping, receiving, inventory, and ultimately customer satisfaction. The best shipping software includes such features as freight management, rate management, seamless integration with existing systems, and dangerous goods compliance capabilities. Look for software that’s cloud-based as it allows unlimited access for all who need it.

Digital Filing Systems

If you’re still using a traditional paper filing system, you are wasting time and compromising customer and client security. When you implement an electronic filing system for your business, you make it easier to sort, find, save, and share documents with others both inside and outside your company’s walls.

Other benefits of a digital filing system include improved security and compliance, better disaster resistance, and almost instantaneous file retrieval and sharing.

Social Media

It’s no secret that social media is where a majority of the population hangs out on a regular basis. If you don’t have accounts for your business on the various platforms, you’re missing out on a valuable marketing opportunity. When it comes to affordable marketing, it doesn’t get quicker or cheaper to promote your products and services than with social media. That said, there’s more to it than just throwing together a free Facebook or Instagram post in a couple of seconds. There is much more to using social media as a marketing tool, so if you don’t have the time or know-how to do it yourself, hiring someone who does is worth every penny.

Online Invoicing

Invoicing customers is one of those tasks that can be downright tedious. Traditional invoicing methods involve creating paper statements, computing balances manually, making copies, and adjusting amounts due as payments are made. It’s time-consuming and impractical.

When you switch to online invoicing, however, you’ll make your job easier, save yourself a ton of time and money, and get done faster so you can move on to more important things. In addition to these benefits, online invoicing technology makes it easier for your customers to make payments, too.

Teleconferencing

Technology is a beautiful thing, especially when it allows you to communicate face-to-face with anyone, anywhere, at any time. There is a plethora of teleconferencing software on the market designed to keep you connected with employees and clients all the time. As a business owner using a customized teleconferencing system, you can virtually be in two places at once.

The goal of any business is profit. While selling a quality product or service is vital to making a profit, other aspects of business such as efficiency play a role, too. Thankfully with the items on this list, it’s easier now than ever to increase your company’s productivity. Simply by implementing the new technologies that are available today, your business can benefit tomorrow.