Business Efficiency

6 Tools & Resources To Improve The Efficiency Of Your Business

When you’re running a business things don’t always go smoothly, there will always be bumps in the road or challenges to face. To support your processes and enhance the efficiency of your business there are lots of different tools and resources that you can use. If you’re not sure where to get started, take on board these six ideas.

1 . Project Management Tools

Project management tools help teams or managers to manage their tasks or projects. These tools include many different features, such as:

Scheduling and planning features

most project management tools include scheduling and planning features. These allow you to delegate work, and create a roadmap, using subtasks, tasks, and workflows.

1. Collaboration tools

To help teams communicate effectively, project management tools provide plenty of different ways to collaborate and communicate. You can access messaging features, leave comments, organize dashboards, and more.

Project management tools also allow you to manage and share key files. You can track the progress of your projects and provide your team with feedback. There are lots of different software options to choose from. Check out project management software like Asana or Trello. With the help of project management tools it’s easy to boost office productivity.

2. Time Management Tools

Business efficiency relies on excellent time management and there are lots of different time management tools that you can choose from. For a few great software options, try out the following:

Harvest: This is a well-known tool for time management and billing, the software makes it easy to bill clients and track time. Using Harvest you can make invoices and estimates; track time on any project; and access time tracking reports.

Toggl: Using this time monitoring software you can improve productivity, create schedules, and oversee the progress of your team. You can use Toggl to figure out how much time you spend per task, and you can also access productivity charts.

3. CRM Tools

Customer Relationship Management tools help you to manage your customer accounts, including your interactions with potential and existing customers. With the help of a CRM system, you can streamline your sales pipeline, and improve your profits. There are plenty of other benefits to using CRM software including:

• You can improve your customer relationships.
• Gain detailed information about your customers.
• Data can be used to improve segmentation.
• Fully understand your customer needs.

4. Accounting Tools

All businesses need an accountant or a good set of accounting tools. With the help of accounting tools, you can simplify your invoice tracking, handle your taxes, and improve your financial management. Here are some of the top accounting tools for small businesses:

Quick Books: One of the leading options for businesses and startups, Quickbooks can help you with invoice management, tax calculation, sales tracking, and more. Take advantage of features such as bill management, synchronization of banking data, and profit and loss reporting.

Fresh Books: This is an award-winning solution that can help you to manage your company accounts. You can customize invoices, set auto payments and keep up with tax deadlines. There’s even the useful option of tracking payments offline. Using accounting tools can save you money and time. There are a range of other tools out there, and many companies offer free basic versions.

5. Budgeting & Forecasting Tools

To improve your financial health you need to keep an eye on your budgeting and make accurate forecasts. With the help of budgeting software, you can oversee your expenses, and see where you might be able to cut some costs. Forecasting is important to secure your financial future, and inform your business decisions. A few software options include Prophix and Jirav. Remember to review your budget regularly, as your business needs change, you’ll need to make adjustments.

6. Resources To Support Regulations

When you’re running a business you’ll need to adhere to various regulations whether it’s taxes or insurance. If you’re operating as a limited company you’ll need to file confirmation statement on a yearly basis. Your confirmation statement includes all the relevant info about your business, from the address to the shareholders and SIC codes. To support you with your confirmation statement take a look at the First Formations site. To avoid setbacks, it’s important to adhere to all the necessary business regulations.

When you’re choosing the right tools for your company, make sure that you compare a few different options. No one business is the same, we all have different needs depending on the industry or project.