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Vision33 Blog

Insights to Transform Your Business

Business as Usual? Focus on What Matters Most to Your Business During the Pandemic

Posted by Matthew Melay on Mon, Mar 01, 2021 @ 05:05 PM

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Since COVID-19, the phrase ‘business as usual’ has taken on new meaning – although businesses are thriving despite the challenges, their priorities have changed. And while your current operations likely look different from a year ago, focusing on new priorities will allow your business to thrive as well 

If you’re having difficulty prioritizing, you’re not alone. Overcoming challenges like business continuity, competitive threats, and managing a remote workforce during a global pandemic are new experiences for every business owner or manager. 

Focus your attention on where changes will make the broadest impact so you can tackle challenges strategically and avoid doing too much at once. Consider these factors as you choose business priorities. 

Pay Attention to Your Cash Flow Forecast 

Cash flow forecasting is first on the list because cash is the lifeblood of small to midsized enterprises (SMEs), and leveraging intelligent reporting capabilities is vital to determining your organizational health. Knowing the monies you have moving in and out helps you take corrective action and steer your business based on global market variables.  

As more businesses undergo digital transformations, knowing your position will determine the right time to make enterprise technology investments to fill gaps in your processes and effectively navigate the new business environment. 

Contend With Costly Manual Processes 

One way to take control of a mostly uncontrollable situation is to learn to leverage your existing resources betterWhile external variables like market demand fluctuations are outside your business's influence, you can find roadblocks in your processes, define where manual labor reduces productivityand free up resourcesConsider investing in enterprise technology to automate time-consuming, error-prone tasks and make better use of your time and energy 

Fill Gaps in Your Business Management System 

When did you last upgrade your business systemMany companies are adopting enterprise technology faster due to the flexibility these solutions offer in redefining ‘business as usual,’ such as the explosion of eCommerce during the pandemic. 

Are your enterprise and web applications and other software systems integrated? If youdata doesn’t flow freely through your organization, you’re using too many manual processes, which wastes time and energy and leads to errors. 

Becoming more resilient business is a process, and prioritizing the steps you’ll take to tackle this challenge is vital to success. If you’re at a loss on how to prioritize, that’s okay – Vision33 can help your business redefine ‘business as usual. 

Watch our short video presentation about how simplifyingstreamlining, and automating with iDocuments can extend the reach of your business management solution and make you more productive. 

Watch the Video

Tags: Small Business Tips, eCommerce, Digital Transformation

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