Software is loaded onto a computer to provide specific types of functionality. 25. Computers are often linked to form a network. These systems keep track of every item in your inventory, ensuring you do not run out of stock, nor you order too much. That’s why it is important to understand the modern-day technology that’s readily available to us and how it can be used to our convenience. Alyssa Gregory is former writer for The Balance Small Business covering small business management. Added bonus: environmentally-sound choices are cool! That’s why we offer IT support services for your business to keep your operations in perfect order. If your business benefits from the latest technologies, then you are on the right track and are opening your business to successful results. Companies require an adequate and organized system to manage its inventory in order to maintain the right balance of items in their warehouse, to understand what they have and to review their finances. One popular choice for smaller companies is Quickbooks by Intuit, which is simple to set up and maintain. Productivity tools, such as Microsoft Word, a word processing package, and Microsoft Excel, a financial spreadsheet system, can perform many of the most common tasks a small business requires. Entrepreneur: What Technology Does My New Business Need? 19. Although technically software, accounting systems deserve their own mention because of their mission-critical role in any business. Business Technology as a concept describes all technology that helps an organisation run its business and operational processes. Use online surveys and questionnaires to get customer feedback. 8. Start a blog related to your business and target audience. Businesses utilize productivity tools such as Microsoft Word, a word processing package, and Microsoft Excel, a financial spreadsheet system. Although you might not consider an office telephone to be a piece of technology, today's business phone systems are quite complex. 5. Networking is essential to businesses because it provides a means to build relationships with others within their related fields in order to find new customers and partnerships, and to grow. Choosing the right accounting system depends on the size and needs of your business. Conduct teleconference calls to make sure team members in different locations are on the same page. On the other hand, you may feel overwhelmed and intimidated with the rising technology in society or lack the necessary tech-savvy skills and experience. Macintosh computers with Apple operating system are also used but mostly among professionals. There are now business telephone systems that come with a variety of features to fulfill the needs of a company. Having great customer service with clients and effective communication with your staff will ultimately help your business build a successful reputation and grow. Millions of other titles are available, each developed to perform specific tasks. This can allow people within an organization to share documents or information, provide a central repository to store documents, or for people to communicate using email within an office. Accounting systems are software that enables businesses to manage their expenses and revenue. It keeps track of customer interactions by collecting and storing information about them. What Is Business Technology? Quickbooks is most often used in small businesses. In addition, it allows a business to make calls, send emails, create reports, add notes and much more. A network can be limited to computers within a shared office, or span across multiple offices and locations. For this reason, we’ve created a list of the most common types of business technology that are widely used around the world and that you should also use to run your business. However, you are depriving your business from opportunities of growth and success. The most common type of phone system consists of a … Chris MacKechnie is a graduate of Carleton University's Law Program and has been writing professionally for more than a decade. HubSpot and Salesforce are two popular CRM software packages. 26. For more technology tools for your small business, read about these 12 tech solutions that won't break the bank. Create a new income stream by selling your products online. 18. 14. A network can either be restricted to computers within an office location or connected among numerous offices. On the other hand, bigger companies use SAP Business One or Sage Accpac, which allow more customization and integration with other systems. Computers are vital because they allow businesses to manage their daily activities in a more productive and efficient way. Microsoft PowerPoint or Apple Keynote allow users to prepare professional-looking sales presentations quickly and easily. In this minor, you’ll refine your communication skills and become proficient in a variety of word processing systems, digital presentation tools, and records and database management systems. Larger companies may want to consider SAP Business One or Sage Accpac, both of which allow for more customization and more integration with other systems. Use an online invoicing service to reduce the costs of collecting payment from customers. Streamline your work processes with digital dictation. Create a mobile office that allows you to work productively from anywhere. Use project management and task management tools to stay on top of your daily business responsibilities. File your taxes more efficiently online. Networking is used to interact with groups of people to share information and documents, to store information and to communicate using email. Your email address will not be published. Voip, Voice Over Internet Protocol, has become extremely popular that allows users to make phone calls using the Internet instead of the traditional analog phone system. Technology can help small business owners leverage limited capital in smarter, more effective ways. Microsoft PowerPoint and Apple Keynote are also used to easily and quickly prepare professional-looking sales presentations. The future of business A minor in business technology applications prepares you to use the tools and technologies necessary for business communication and information management. Communicate quickly and clearly with your team through team messaging. Successful businesses rely heavily on technology for communication, productivity and tracking purposes. PCs (Personal Computers) with Microsoft Windows is the most frequently used. Set up an online help desk or ticket system to handle customer issues. From the moment you obtain information about the customer, the CRM system will track their interactions with you. McKinsey: Adopting an ecosystem view of business technology, Basic Supplies Needed for a Small Business, Examples of System Development in a Company. Applications of Business Intelligence is going to bring diverse benefits in the tech market. It is recommended to consult your accountant to explore your options before making your decision. Communication is the key to establishing business relationships. Voice Over Internet Protocol (VOIP) phones are becoming more popular. Similar to having a useful telephone system for effective communication purposes, a customer relationship management system (CRM) is equally important that can help a business move forward. In preparing to enter today’s fast-paced, ever changing, and exciting business environment, every business owner has to understand the new thinking of […] The computer itself could be a desktop model with a separate monitor and keyboard, or a mobile laptop. Such analysis when properly utilized is great for accountability, process improvement, and productivity. SAP Business Technology Platform is an integrated offering comprised of four technology portfolios: database and data management, application development and integration, analytics, and intelligent technologies. If a customer calls to order a product or service, or calls for help or a technical question, the CRM system will tell the service representative when the items were shipped, what is back-ordered and any other conversations the customer may have had with your company. Required fields are marked *. 3. to promote your business, products, and services. Get a virtual phone number and electronic fax line that you can take anywhere. 15. Computers are used across multiple businesses. The decision to contract an IT services provider to manage your IT network is not only a great investment, but could be the key to significant growth. 1. 33. 6. Few successful companies do not use technology to improve productivity, communicate more efficiently and track customers and goods. Although there are many types of technology available, going digital doesn't have to intimidate business owners. Use social media sites like Facebook, Twitter, Google+, Pinterest, YouTube, etc. Although you might not consider an office telephone to be a piece of technology, today's business phone systems are quite complex. Go paperless to save money on supplies and storage in your office. Business technology is comprised of a wide range of hardware components and software applications which keep a business running to ensure efficiency and smooth operation of daily business activities.