If 2020 was the year of uncertainty, 2021 is the year of evolution regardless of whether you thrive in a competitive market or have an ocean.
With most businesses opening in the last quarter of 2020 after the corona virus pandemic, accelerating business growth and business continuity are two unanswered elements. Running a business and growing a business are two different sides of the same coin.
For running a business, you focus on daily tasks, operations, and employees. For growing a business, you take a strategic approach to improving the workforce, creating successful marketing plans, and automating operations.
5 Tools to Accelerate Your Business
The right software products are instrumental in driving revenue and accelerating growth. The right software product is one that helps you achieve business goals without breaking the bank. We’ve listed the top five must-have software products in your arsenal in 2021.
1. Online presentation tools
A stellar business presentation is far more than a bunch of attractive slides.
When you turn a boring concept into something your audience will talk with their colleagues and share with others – you make a positive first impression. When giving business presentations, you would speak to venture capitalists, potential customers, or senior management, making delivering an impactful presentation a must. It lets you stand out from a dozen other speakers.
Benefits of an online presentation tool:
- Built-in business templates
- Easy to use
- Customization of a brand in seconds
- Help to make beautiful and attractive design
- Accessible from anywhere
Translates complex data into a visual treat
2. UX design tools
As rightly said by Thomas Carlye: “Man is a tool-using animal. Without tools, he is nothing; with tools, he is all.”
UX designers would probably agree with him. Why? UX designers create designs as described by clients, and not all designs are created to match a customer’s requirement, thereby resulting in conflicts.
That’s where a UX design tool comes to your rescue.
A UX design tool lets you create prototypes and convey the product’s idea to customers. It helps in creating designs, which a customer craves for. Furthermore, a prototyping tool lets designers paint a broader picture, conduct usability tests, and build design while ensuring consistency.
Benefits of UX design tools
- Early-stage identification of issues
- Incorporates changes iteratively
- Involves the stakeholders
- Results in stakeholder and customer satisfaction
- Enhances team collaboration
These tools create a win-win situation as customers get a visual overview of how the design will look.
3. Compliance Management tools
The word ‘compliance’ is no longer limited just to the financial domain. Thanks to numerous cybercriminals, it has become a part of every business’s life.
The increasing instances of data-breaches and compromise of customer information have given birth to various compliance laws like the GDPR and CCPA. Today, every business has to comply with these laws. Failure to adhere could not only land you on the opposite side of the law but put your business at risk. You end up paying hefty fines or, worst- face closure.
Benefits of a compliance management tool
- Vendor risk monitoring
- Consent management
- Alerts in real-time on data-privacy breach
- Alerts on a change in vendor policy
- Notifies on vendor lawsuit
- Alerts on changes to upcoming laws
Data subject rights management
4. Project management tools
Today, project managers want to streamline their workflow and get the most of their employees’ time.
A project management tool ticks all the above boxes and serves as a one-stop destination to micromanage projects.
Irrespective of your business, you can customize and tweak the project management tool to fit your business requirement.
Benefits of a project management tool
- Easier collaboration
- Better scheduling
- Efficient delegation of tasks
- Budget management
- Enhances communication
- Provides a platform for document sharing
- Enhances productivity
- Helps in remote working
Project management is the art, science, and everything else of getting things done, and a software product would ensure your projects are successful.
Without such a tool, businesses will always struggle to meet the three main constraints of a growing business – quality, budget, and scope.
5. Accounting software
According to a survey, approximately 50% of small business owners loathe bookkeeping for all the right reasons. When bookkeeping, you have to juggle payroll, taxes, and expenses. It might sound overwhelming, and a small mistake in entries is likely to ensure you’re sued for filing wrong taxes.
Accounting software is the only answer to your misery.
Benefits of accounting software:
- Greater accuracy
- Anytime access to accounting data
- Easier collaboration
- Enhances accounting security
- Real-time reporting
- Reduces business cost
- Improves sustainability by reducing paperwork
- Enhances invoicing
Conclusion
To climb the ladder of success, there is no harm in taking help from software products. These products will help accelerate business growth. Think hard about your business requirement before investing in a process, as a wrong decision might prove costly.
If your business is underperforming and not reaping the desired results, technology has a solution for it i.e. ERP solutions. Marrying technology with your business can bring about a sea change in the growth statistics and help you reach a wider audience.
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