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4 Terrific Tech Tools for Small Business Success

Approximately  77% of small business owners  regularly rely on tech tools for personal reasons, yet a significantly large percentage (40%) do not believe that digital tools are relevant for their business, as reported by Deloitte. The findings indicate that all too many small business owners and managers are simply unaware of the extent to which tech can  improve the quality of their research , boost the flow of projects, and mark their businesses as standard-bearers. If you are a small business owner, and you want to make sure you’re not getting left behind, you need to have at least one tool from the following four categories.

Communication Tools

Globally, around 16% of companies are fully remote, and that means that old-school communication and document-sharing methods like email and Dropbox simply won’t cut it. This is particularly true if your business has a high output of completed projects per day and various staff members working on the same projects. As such, communication software like Slack, Microsoft Teams, Zoom, and Google Workspace have become obligatory tools. Slack has features like real-time messaging, file sharing, and integration with other apps, allowing teams to work in group and private channels. Microsoft Teams also permits file sharing and task management and has easy-to-use video conferencing features.

Project Management Tools

For projects to flow at an optimal pace, project management software such as Asana. Trello, and Monday.com are indispensable tools. Asana, for instance, supports management via features such as project planning and tracking, which enables users to create detailed plans, define milestones, and assign tasks to specific team members. It centralizes communications in one handy place, so the manager can see all communications between clients and employees. The software also has useful features like a portfolio and dashboard for visibility and reporting, and integrations with over 200 apps.

Due Diligence Technology

The business partners you choose can make or break your business, which is why  making sure that collaborators are trustworthy  is key. Because many small businesses rely on freelance services and/or hire collaborators via bidding, it is vital for your sensitive information to be kept private. The good news is that numerous due diligence tools can enable you to discover pertinent information about third parties. These include DiligenceVault and Compliance Solutions’ Third Party Risk Management System. Quality tools  allow you to conduct risk assessments  of third parties. The next step is a thorough audit, which enables you to gain a comprehensive understanding of their risk posture and processes. The information you glean from these tools empowers you to reconsider a partnership, renegotiate terms, or go full speed ahead. Tools like Compliance Solutions’ Third Party Risk Management System also allow you to conduct continuous monitoring of your third-party relationships so you can take action fast to mitigate any new risks that arise.

E-Signature Tools

Tools like DocuSign, Adobe Acrobat Sign, and SignNow are all useful in an age in which many legal transactions are carried out online. These tools allow you to safely sign, send, and manage documents without having to scan or print them. Most tools have features like bulk sending, mobile signing, and real-time tracking. PandaDoc is a tool with document management and e-signing features. It allows you to create professional-looking documents containing multimedia elements and to send your documents safely to trusted collaborators and clients.

In a digital age, it makes sense to leverage the best possible tools for your small business. Above, four important tool categories have been mentioned. By embracing top communication and project management tools, your team can communicate optimally and work at an ideal speed.

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