Whether you’re a veteran entrepreneur or newbie, there is no gainsaying that launching a startup can be daunting. Given the full range of tech solutions readily available to entrepreneurs today, running a business has never been easier, especially for small business owners. These innovative technologies provide entrepreneurs with small businesses the adequate functionality and scale to drive productivity and thrive despite intense competition and ever-changing market trends.
Despite how useful these digital technologies are, many entrepreneurs, some of whom are less tech-savvy, have yet to incorporate them into their business processes. As a small business owner or an entrepreneur with a business plan for a new business, you should be using some of the below tech solutions.
1. SAP Solutions
SAP (Systems, Applications, and Products) is an Enterprise Resource Planning (ERP) solution designed to help companies streamline their workflow, regardless of the size or type of business. Depending on your company’s needs, there are several SAP modules you can choose from, ranging from human resource to finance.
These SAP modules can efficiently manage your business operations and revolutionize the way your organization functions. SAP equips you with innovative tools to scale and grow your business. Additionally, with an SAP solution, you can use private or public cloud, customize your workflow, and secure your company’s data.
That being said, SAP application has evolved over the years since its inception in the 1980s. The developers of this software have announced that by 2027, it’ll discontinue support for the SAP R3 ERP suite. Companies should complete their SAP Migration to SAP S/4HANA—which is the latest version of the cloud-based software.
Completing your migration to SAP S/4HANA will increase your small business’ value by enhancing your business processes, providing you with improved insights, and better business agility. However, to complete the SAP migration, it’s best to use a strategy that simplifies and consolidates your SAP instances.
2. CPQ Solutions
Good and efficient tech solutions can play an integral role in running a successful business. So, to be a leader in your industry, your company should incorporate a CPQ solution into your company’s business processes to acquire and retain customers as well as drive sales. CPQ (Configure, Price, and Quote) software can help reduce errors, accurately generate quotes, and drive sales.
There are many CPQ software available on the market. For example, companies like Configure One excel in providing premium CPQ solutions for new businesses across the United States. You can efficiently automate your quoting and proposal processes from start to finish under a predefined set of rules. More so, you can streamline your pricing, configuration, and sale processes.
Also, like most CPQ solutions, this particular software integrates fully with ERP and CRM systems, enabling you to leverage existing customer data when negotiating deals. What’s more, you won’t have to create duplicate customer records as both processes occur within the same system. All in all, Configure One’s core values are centered on revolutionizing the sale of products.
3. Project Management Software
The best way to become a successful entrepreneur and grow a profitable business is by seeking cost-effective means of scaling your business venture. There are some technology solutions every growing new business needs to succeed, and project management software is one of them.
Every project starts with a good idea, but without proper planning and organization, it falls through. With project management software, you can efficiently plan and manage your resources to achieve your business goals. It’s not enough to surround yourself with the right people, you need to coordinate with them as well to make sure you’re all following the best practices for your business structure. There are various project management tools out there, with each one varying slightly in functionality. Some well-known tools such as Trello and Asana serve as the perfect collaboration tools.
Other functions of project management software include time tracking, task distribution, and budgeting. The bottom line is that the vendor you select must make your project easier to organize and manage in the long run.
