Growing your business whether it is a café or retail outlet, requires business development that moves with the times. Technology developments can help you run your business more effectively. Businesses need to focus on three main areas to create success:

  •  increased revenue,
  •  decreased costs,
  •  building customer relationships.

Seven emerging technologies can help transform your company to achieve these three items.

Virtual Onboarding

Businesses with multiple locations can still streamline their onboarding process, using a single location to handle the paperwork. Simply use virtual reality to conduct onboarding. You purchase specialized software. Your new employees use a VR headset to communicate with your human resources personnel and trainers at your corporate offices. This method ensures that your appropriate business procedures are followed, and all items are appropriately completed.

Optimized Scheduling Software

Software optimizes scheduling by analyzing historical staffing data, sales forecasts and time off requests. The mobile app version lets employees shift swap and update their availability. The app lets management generate and distribute weekly schedules digitally. These applications can monitor sales, enabling the manager to schedule according to the busiest times of the establishment. Food service establishments became one of the first industries to use this type of software. Establishments using it reduced labor costs up to two percent.

Bluetooth Temperature Sensors

Overcome the hassle of achieving and maintaining appropriate temperatures required by Hazard Analysis Critical Control Point (HACCP) using Bluetooth smart sensors to monitor temperature. Use fixed sensors to automatically monitor or handheld probes to do so manually in four seconds. Use of this technology also creates an automatic record of the temperature readings for compliance.

Electronic Inventory Tracking

Track inventory using smart sensors and mobile devices. The connected software also lets employees view product counts. Compare the point-of-sale receipts with smart sensor data to reduce shrink. Link this software with your business’ ordering software to automate re-stocking.

Automated Procurement

If your procurement software does not allow for automated re-ordering, update it. Automated purchasing systems can send alerts when product levels get too low or can submit an automatic order. You’ll also be able to forecast sales quantities, approve orders and verify invoices.

Payment Kiosks and Tablets

Make the cash register a thing of the past. Payment kiosks for point-of-sale processing already proved popular in major retail outlets and some fast food establishments. Any retail or food service establishment could implement them though to take orders and allow customers to swipe a credit card for payment. During the order taking process, the software automatically cross-sells and upsells. While human employees might forget to cross-sell or upsell, the software simply follows its programming. Another emerging technology in this area, social media point-of-sales, eliminates the need for a cash register since you can link payment to an online processor.

Digital Reservation Manager

Book dinners, meetings, rooms and services using a digital reservations manager. This software even creates optimal seating charts based upon reservation times and party size. Make planning conventions and conferences simpler with this tool.

Retail is the third largest type of company driving growth in mobile point-of-sale technology adoption contributing to 62 percent of the growth. But the real figure is to see how much digital payments, reservations systems, optimized scheduling and other technologies can contribute to your business growth and bottom line.