11 September 2018

Will Technology Save or Ruin your Business?


By Joe Smith

There have been reports over the past few years of how technological advances will result in some jobs becoming extinct and things such as robots will take over tasks that are normally undertaken by humans.  And an extension of this could be that some businesses could be facing threats if the services that they provide can be delivered by some type of technology.

While I believe that this may be true to a certain extent, I also believe that businesses who keep their finger on the pulse with advances in technology in their industry will be better situated to maintain and grow their business as opposed to businesses who do not keep up with technological advances.  This is in line with a quote I read recently saying “technology won’t replace businesses but businesses who use technology will probably replace businesses that do not”.

I have recently been working with a client implementing the use of Deputy Software in their business.  This is employee rostering management software that is cloud based and has replaced a manual rostering process and employee database.  I was delighted to hear recently that after using Deputy for a couple of months the savings in e
fficiencies as well as staff hours far outweighs the investment in using the Deputy software.

So business owners should ask themselves the question – is it worth investing a few dollars in new technology where the potential is that I could save two, three or maybe ten times as much in costs or make my business significantly more efficient and attractive to potential new customers.

Further to this, software such as Deputy also directly feeds into Xero which in this case can streamline the payroll process for your business potentially saving yourself or your team a significant amount of time and stress! 

So I would suggest that business owners have a look at Xero and their add on partners to see if any of the software available there could be used in your business.

If you would like more information on how you use software to make your business more successful and sustainable please call UHY Haines Norton on 4972 1300 or email info@uhyhncq.com.au  

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