As the world becomes increasingly globalized and tech savvy, it’s led to the rise of ecommerce businesses that operate strictly online. To get ahead and create a successful company in this niche, it’s important that ecommerce business owners utilize the right tools that simplify their lives and improve the customer/client experience. Here are three types of technology that are excellent for streamlining multiple aspects of operations.
Technology for Ecommerce Business Arena
Research shows that “the average person has 19 passwords” for logging into various accounts – and that number is likely to be higher for an online business owner. Rather than trying to remember all of those passwords while still ensuring security, LastPass does it for you. This password management service is one of the most trusted and can be used on everything from small-scale micro businesses all the way to large enterprises.
It works by creating complex passwords that are virtually unhackable and saves them on the sites that are used to run a business. LastPass also uses leading encryption technology and multifactor authentication to ensure heightened security. At the same time, users have a master password in case they ever need it. In short, this is an effective way to simplify the log in process and keep sensitive password information safe, which can save ecommerce business owners a lot of time and hassle.
Staying on top of projects, being organized, and maximizing productivity are all key parts of running an online store – and Trello is the perfect tool for doing just that. The concept is simple – use a series of lists and cards to set goals, manage workflow, and track progress to keep a business running at a high level. And one of the things that users love most about Trello is its utter simplicity and intuitiveness, which makes it easy to see what’s been done and what needs to be done.
Whether it’s a solopreneur setting reminders for themselves or a larger team who’s in constant collaboration, this tool keeps the wheels turning. Some added perks are that it integrates with cloud platforms like Google Drive, OneDrive, and Dropbox so documents can be conveniently added, and it syncs with most mobile devices so business owners can stay productive on the go.
When it comes to handling back end operations, Xero is one of the best types of technology for a few reasons. The comprehensive accounting software can be used for everything from managing cash flow and tracking inventory to creating invoices and bank reconciliation. What’s more, it’s incredibly user-friendly with a clean and intuitive interface. Finally, it integrates with over 400 third-party apps so business owners can customize it to meet their specific needs.
In terms of handling expensing and managing payroll, Xero streamlines this process as well. Users can simply snap a photo of a receipt via smartphone, and it’s instantly saved online. For payroll, business owners can keep tabs on employee attendance and hours worked for accurate paychecks without any hassle.
It’s also an excellent accounting tool and makes it easy to prepare W2s or 1099s, calculate sales tax, and file sales returns all the while ensuring compliance. As a result, this platform takes much of the guesswork out of accounting and empowers ecommerce business owners like never before. For QuickBooks users who are looking to make the shift to Xero, it can be done conveniently by converting the data within about three hours.
To truly thrive in ecommerce, it’s necessary for business owners to take advantage of all of the technology that’s available. Whether it’s organizing passwords, streamlining workflow management, or handling back office matters, these three tools can be a huge help. Not only can they make an online business run more efficiently, but they can also be the catalyst for increased profitability in the long run.