The coronavirus has abruptly affected our businesses, some more than others. Small and medium sized businesses have experienced closures, reduced hours, layoffs, and furloughs. As a result, SMB’s will need to think differently to be successful in the post COVID-19 environment.
Define your core: rethink staffing, workspace, and technology tools.
Business services will be needed more than ever and will replace non-core activities. Technology, accounting, and marketing positions are typically held by individuals with specific skill sets. Outsourcing these services to Managed Service Providers, automated bookkeeping applications and CMO’s for hire can afford post COVID-19 businesses with the ability save money, access expertise, reduce risk, and redeploy retained employees within their businesses.
The concept of a remote workforce has been slow to adoption by many SMB’s. With most SMB employees now working remotely, workspace expense can be reduced, and funds allocated to technology solutions. Business owners are looking for ways to reposition staff and support them in remote working. Better tools increase productivity and can offset the impact of employee loss.
Smart bookkeeping and accounting solutions are needed.
SMB owners are wearing multiple hats and accounting and bookkeeping tasks are relegated to weekend afternoons and late-night QuickBooks entries. In the post COVID-19 world, these business owners will need to focus on their core business activities. The question becomes “How can I get the financial work done in a secure and less expensive manner?” Automated applications that think and act like a person that are cost-effective, readily available, and can:
- Provide better financial insights
- Analyze data faster
- Automate tasks like paying bills and managing cash flow
- Reconcile bank and credit card accounts
- Deliver smart alerts for tasks you need to perform
- Provide financial visibility 24/7
- Lower your cost of managing your finances
- Reduce your risk of fraud
- Prepare and deliver monthly financial statements
Bookkeeping solutions and systems will replace the task-oriented work so that you can work together with financial advisors to make better financial decisions. The freedom in your schedule can focus on growing your business and continuing to uncover ways to be more efficient.
Try Expex for 60-days with no fee, no obligation.
We want to ease your burden and stress of arguably one of the most critical functions in a business. Contact us for a review and 60-day free trial. So, where is your bookkeeper? Right where she should be. Carly is the last bookkeeper you will ever hire.
Expex is based in Schenectady, NY offering convenient and innovative bookkeeping services to help your business succeed. Our application, Carly, can do everything a traditional bookkeeper does and more. This financial management program expertly fulfills services such as bills payments, bank and credit card reconciliation, and financial records consolidation. Call (518) 389-2305 today to get started or contact us to learn more about Carly.