technology impact

Business Technology Impact

Introduction

Technology is the foundation of business. It is the foundation for us to build a game plan and design the right processes to achieve our goals. When we leverage technology effectively, we can create value for our customers and measure its impact on business outcomes. This is what makes technology so valuable: it’s not just about creating tools that make our lives easier but also about leveraging those tools in ways that help grow your business.

Technology is the foundation

Technology is the basis of the business. It enables and helps design business processes. It can be used to measure value, as well as continuity and sustainability.

Business processes are the game plan

Business processes are the game plan. It is the foundation of business and technology and essential to achieving your goals.

For example, let’s consider a company that provides printing services to small businesses. He might be inundated with requests from clients who need their marketing materials printed quickly — and don’t have time to wait for turnaround times or provide proof of their work. In this case, it would make sense for their design team to have easy access to many templates (including those of their clients), so that they can quickly and accurately create proofs based on these existing formats rather than creating something new every time it comes along. in which demand.

This type of process requires effective communication between designers and executives who approve designs before production begins. However, most importantly, it requires speed from all involved every step of the way – and this starts with business processes at its core – it affects everything else you do!

Design is the game changer

Design is the process of finding a solution to a problem. It is not only about aesthetics but also functionality. Designers don’t just create something beautiful; They find the best solution to a problem and design it.

Designers create new things and better versions of existing products or services by thinking differently than anyone else in their field. They think outside the box when it comes to what works for their customers/users/customers etc., rather than sticking to what was done before them (or worse: copying).

Value is the outcome

Value is the outcome of a process.

  • What the customer gets – The value customers receive from your products or services.
  • What the business gets – The value a company realizes by offering its products or services to customers.
  • What the employee gets – The reward employees receive for delivering those products or services.

All three of these elements must be present in order for there to be value, and each plays a vital role in determining whether your technology delivers that value well or not so well.

ROI is the measure of success

Return on investment is the measure of business success. It is a measure of value, productivity, and efficiency. ROI can be used to compare different options, so it is essential that you have an understanding of your company’s ROI before making decisions about technology investments.

Continuity is sustainability

Continuity is about ensuring that a business can continue to operate in the event of a disaster. It is also about ensuring that a business can continue operating in the event of an IT failure.

To achieve these objectives, there are two main things you need to consider:

  • Continuity planning and testing
  • IT resilience

The right focus on leveraging technology can lead to better business outcomes.

Business processes are the game plan. Design is a game changer. Value is the outcome, and return on investment is the measure of success – everything from sustainability to profit margins, customer experience to employee engagement, and growth to security hinges on an organization’s ability to leverage technology effectively.

There is no magic wand here: it carefully considers your business needs, goals, and challenges before you can leverage technology to transform your company’s capabilities and performance over time. But when you do it right – when you put all of these technologies together into a coherent system – you will find yourself with new capabilities that can give your company a real competitive advantage over others who don’t understand the concept as well as you do now!

Conclusion

Technology is the foundation for business. It drives process, design, value, and return on investment. A proper focus on leveraging technology can lead to better business results.

Technology Consultant,
Ahmad Jallabi

cloud based erp
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Why do you need NetSuite Cloud-based Enterprise Resource Planning (ERP) from trustangle in your Business?

Why do you need NetSuite Cloud-based Enterprise Resource Planning (ERP) from trustangle in your Business?

  • If the different sections of your business aren’t connected and able to easily share information, you’re not running as efficiently as you could, and that means devoting more time and resources to managing the business than necessary.
  • A scalable and affordable management system like NetSuite helps reduce these inefficiencies and drive productivity.
  • With improved integration, a centralised implementation framework, and improved system architecture and performance, NetSuite is simpler to install and upgrade than ever.
  • Because it’s available via the cloud, you don’t have to spend the time or money necessary to implement an on premise solution. You can start small with what you need now and scale up as your business grows and needs change.
  • You’ll also benefit from a significantly lower Total Cost Ownership TOC with subscription-based Software-as-a-Service delivery.

NetSuite Cloud-based ERP Features:

1.  Project Management:

NetSuite gives users an accurate, real-time overview of the entire product lifecycle.

It keeps employees informed at every stage, and keeping tabs on timings. It can help organizations monitor the progress of numerous projects at one time, so businesses know at exactly which stage a project currently is, and what the next steps are.

NetSuite is a smart software solution can let the users know if a project is likely to miss a deadline. AS well as exceed a budget, or send a reminder when a payment is overdue, helping everything stay on track.

2. Business Intelligence:

Business intelligence is a key aspect of NetSuite ERP. BI features in NetSuite ERP solution help track progress, measure performance, and produce in-depth reports. It provides the users with a complete picture across every department.

Thorough business intelligence tools provide digestible, up-to-date information via customizable dashboards. Also, allowing businesses to get deep insights into what’s working and what isn’t. Being equipped with the right data can help empower a company to make more informed, data-driven decisions in the future.

3. Customer Relationship Management:

NetSuite ERP has some CustomerRelationship Management features built in, giving additional functionality to businesses who perhaps don’t deal with customers on a scale that requires an additional platform.

4. Financial Management:

Having a clear picture of your finances is imperative for any successful business. This is why a sturdy financial management module lies at the heart of NetSuite ERP solution.

NetSuite will manage all of your business accounting requirements, it can also help manage a wider range of financial tasks, like budgeting, recording transactions, dealing with expenses, overseeing assets and collections, and measuring cash flow. NetSuite is good enough to keep financial data safe and compliant. Security is a top concern for makers of business software, particularly in light of recent high-profile data breaches.

5. Supply Chain and Operations Management:

Tracking all supply chain communication through one consolidated system means there’s no room for error; any and all contact is clearly recorded, and less time is wasted chasing up replies or searching through inboxes.

NetSuite ERP software can also help keep things ticking over by automating tasks, such as placing orders when stock levels drop below a predefined point.

When a business is part of a chain, it’s not only that business’ performance that can impact profits, but also that of your vendors. NetSuite will track and evaluate the efforts of those both higher and lower in the chain, allowing you to monitor KPIs — such as cost, error frequency, and timescales — and create a more efficient network.

See what the leading cloud ERP solution from trustangle is all about.

NetSuite provides a suite of cloud-based applications, which includes accounting, HR, inventory and order management, CRM and more. Watch our video 👇

Why to consider trustangle in NetSuite Implementation Process?:

trustangle team will work with you closely to ensure that you receive rapid implementation of complete, integrated solutions with minimized risks, controlled scope and superior end-user adoption. We provide you with the guidance and assistance you need to control the time frame for completion and help you achieve a rapid return on your systems investment.

It is very important that your IT partner be fully versed in NetSuite and able to train your staff so they understand the system’s ins-and-outs. trustangle team will work with you closely to ensure that you receive rapid implementation of complete, integrated solutions with minimized risks, controlled scope and superior end-user adoption. We provide you with the guidance and assistance you need to control the time frame for completion and help you achieve a rapid return on your systems investment. It is very important that your IT partner be fully versed in NetSuite and able to train your staff so they understand the system’s ins-and-outs. 

At trustangle!

  • Our team is highly experienced with a Proven track record
  • We offer High-Quality Deliverables & assurance of delivery
  • We offer end to end IT solutions
  • Most of our market expanding is done through referral which a clear proof of high customers’ satisfaction.
  • We have a dedicated business unit for integration, so whatever vertical system do you use to run your business is welcome to be added to our integration platform.
  • We are a partner for more than 55 International Products recognized globally.
  • We have very low employee turnover, which impacts operation positively and a clear sign of satisfied employees.

Get Started Today!

Contact trustangle Expert to get your Free NetSuite Consultation and join more than 22,000 Customers Worldwide using NetSuite the Cloud based erp solution. Submit your details here: https://trustangle.com/en/request-demo/



POS System

The Benefits of Moving to a POS System

Buying a point-of-sale (POS) system may seem like a hassle and an unnecessary expense, but if you look closer, you’ll find clear gains.

There are two main types of systems: for retail stores; and for restaurants and hotels, also known as the hospitality category. To understand the different requirements for the hospitality industry, read Tips on Buying POS for Restaurants.

The benefits of point-of-sale systems are:

  • Accuracy: Scanning is more accurate than punching in numbers from a sticker, or expecting the cashier to remember what each item costs.
  • Analysis: POS systems let you manage inventory, flag items for reorder, and analyze sales patterns.

A point-of-sale system is, at heart, a cash register — but because it’s based on a PC, it opens up a new world of data about your business.

A point-of-sale (POS) terminal can be networked to other terminals, and to a server in the back room or at another location. It can be expanded with handheld devices wirelessly linked to the main system. You can use it to can track a number of operations in useful ways and customize it as your needs change over time.

The main advantage of a computerized POS system over a cash box or a cash register is the sophisticated and detailed sales reports it provides. The software lets you analyze sales in different ways, such as by SKU (item sold), time periods, promotions, by store if you have more than one, or even by sales clerk. It will help your inventory manager buy in the right number of cartons of tissue paper with improved timing, and help your chef calculate how much cheese to order for the coming week, taking into account an upcoming holiday. It can also help reduce employee shrinkage.

But that’s only the start. Once your sales are computerized, you can plug that computer into a network, and the network into a back-office computer system that downloads results from all your registers, consolidating and monitoring the information in a variety of ways. If you bite the bullet and pay the costs, you can integrate all this into your accounting and inventory software systems.

Expect to pay anywhere from $3000 to $6000 per station, including software, scanners, printers, installation, training, and support, plus costs for integrating into your back-end system. (For an explanation of the hardware and software components of a POS system, read Understanding POS Components. But once you grow in size — as you approach a million dollars in annual sales, and especially as you add retail outlets or restaurant locations — computerized POS will not only pay for itself in improved efficiencies, it will become critical just to know what is going on.

The added and more immediate flow of detailed information about your sales will help you come up with better competitive ideas and then evaluate their effectiveness.

inventory

Six ways to manage your inventory

Your choice of point of sale can bring your store to the next level. With inventory at the very core of your entire operation and at the very core of Lightspeed’s EPOS software, there’s no better match for a retailer concerned with managing their inventory. With item tags, product matrices and work orders, with Lightspeed, you can strengthen that core, ensuring this aspect of your business runs smoothly.

What can it help you do?

1. Become more strategic when it comes to inventory

The logic is simple: you need to know what your best-sellers are so you can sell more of them. With Lightspeed, you can identify which items are gathering dust on your shelves so they don’t stay in your back office forever. Tracking your inventory, sales year over year or season over season, unit costs, margins and everything else pertaining to your stock, will help guide your decisions so you don’t waste resources on items that don’t move.

“Lightspeed is making us more productive by allowing us to organise ourselves more effectively. Stock ordering and control is something we didn’t have before, and it’s changed our business.”
Life on a bike

2. Take your inventory with you, out of store

As you hit trade shows or get on the road, with a cloud-based EPOS system you can take your inventory data with you. When customers ask you about whether this or that item is in stock, you can reply confidently because the answers to their questions will be in your hands.

“I enjoy being able to log in from wherever I am, on my computer or on my phone. It really helps for inventory management.”
Oliveology

3. Build purchase orders and order stock

After you’ve created a PO, you can fax, email, or, if working with a vendor that’s integrated with Lightspeed, submit it directly over the web. You can order stock directly from the system; Lightspeed has integrated catalogs from some of the biggest vendors in your industry. Simply click and receive.

Not only that, but by setting reorder points in the system, you can automatically fill in the items that are running low when building your next purchase order.

Guy on laptop

4. Find items quickly for customers in-store

Organize your stock into categories by type and tag items with similar attributes. By using tags and categories to narrow down your inventory search, customers will get the items they’re looking for faster.

5. Manage stock across several locations

Whether you run a single store or several locations, the system will connect your inventory across all stores. With Lightspeed, you only need to check in one centralized system to know what’s happening across your entire operation.

6. Manage inventory in your online store

Lightspeed’s web store is the only e-commerce inventory management system designed specifically for brick-and-mortar retailers who want to start selling online. Sync inventory and customers between in-store and online for a 360-degree view of your entire business.




“Lightspeed significantly cuts down the time it takes to do a stock count. Previously it would take us a week to count through the shirts. Now it takes us an hour.”
Mr. Start