In today’s digital age, to remain competitive, many small and midsize enterprises (SMEs) are adopting business management software to optimize and streamline operations.
Choosing an SME Business Management Solution for VARs is relatively challenging. It is because they need several processes such as sales, marketing, sourcing, billing, reporting, and many more in one application.
Most SMEs start their business with an average of three to five solutions. Then, as their businesses scale up, they start implementing more solutions in their business. Any single-purpose software with no integration capabilities constitutes more challenges and minimizes the chances of successful implementation.
In this scenario, you should consider opting for an efficient Business Management Tool, which enables your SME business in accessing technological advancements seamlessly and provides you with a competitive edge to drive your business towards growth. It also saves excessive use of resources required for training staff on just one software application.
But, how to determine an appropriate SME Business Management Solution for Office Supplies VARs? This guide delivers detailed information on choosing the best business management software for small businesses.
- Why Do SME’s Need Business Management Solutions?
- Features To Consider In SME Business Management Solution For Office Supplies VARs
- Project Management
- Resource Management
- Accounting Solution
- Time Tracking Capabilities
- VARStreet as a Business Management Solution for Office Supplies VARs –
Why Do SME’s Need Business Management Solutions?
SME Business Management Solution for IT Office Supplies is critical due to the large scope of products they have to offer. It is a need for them to organize and streamline the functions and manage the resources optimally through automation.
As they begin evolving in a market environment, they refine their established processes based on internal and external factors. Business management tool manages these processes to differentiate your business from that of the competitors and add more value to your customers.
You need a business management solution for your SME business due to the following reasons.
- Increases Profits- Business Management Solution helps small businesses in managing their operations, improving their processes, and adding value to their customers, thereby increasing profits.
- Improves Employees’ Efficiency and Increases Employees’ Productivity-
Business Management Software automates the business processes of small enterprises. It eliminates the need to do things manually, reduces errors, and streamlines the operations, which ultimately improves the efficiency of employees. It will also assist in increasing the productivity of your employees by involving them in other productive work.
- Provides Security In Transactions- Business Management Tools are secure solutions that provide specific admin privileges to their users. Therefore, it enables you to enter your credentials into the software before accessing it. The access is restricted according to the user’s work profile.
- Minimizes Errors- When data is entered into the system manually, it can lead to several errors. Business Management Solution effortlessly detects the mistakes and increases the speed of troubleshooting and minimizes the errors eventually.
- Management And Monitoring Tool- With Business Management Tool, you can access specific modules, including Accounting, Sales, and Inventory. These modules help you in generating financial reports and statements to effortlessly monitor business operations in real-time. These up-to-date financial reports also help you in the decision-making process.
Features To Consider In SME Business Management Solution For Office Supplies VARs
Although there are a bunch of SME Business Management Solutions for IT resellers available in the market, every business has a different requirement. A tool is only effective to the business when it is integrated successfully with its processes.
Consider the following features before selecting SME Business Management Solution for IT resellers and office supplies VARs.
A cloud-based business management solution gives you and your team the benefit of mobility as it can be accessed anywhere anytime. All you need is an internet connection. It is a cost-effective proposition too which fits well in the budget of the VARs.
Cloud-based solutions offer flexibility and options to scale up as per the business needs.
Robust project management plays a very crucial role in the success of the VAR business. Small VAR businesses find it difficult when the processes and systems are not integrated seamlessly and working efficiently.
As SMEs handle a lot of workloads themselves, they face multiple difficulties like poor work quality, missed deadlines, and so on due to the lack of proper management solutions.
Integrating an appropriate SME Business Management Solution for VARs helps to structure the project accurately in the project view, by recording timesheets, uploading documents, creating support cases, adding expenses, creating emails, and enabling discussions with the latest insights of the project. It eliminates the need of looking for updates in different folders or emails.
Every project is performed specifically by different people. For instance, a project manager requires a particular chart in visualizing progress. Similarly, the contractors use straightforward project data to access a task list.
Business management tool allows everyone to access the information which is relevant to their work area on the same platform and make precise decisions accordingly. It ensures that the project is profitable by managing timesheets, labor costs, expenses, and materials effectively.
SME Business Management Solution for Office Supplies VARs combines CRM and CPQ with sales management, project, billing, etc., and enables the entire team to deliver the best outcomes to the customers.
With the help of these integrations, every activity and interaction, including sales email, invoice, product purchase, and support ticket in a timeline becomes relatively effortless to access.
The solution also enables your organization in automating and managing the sales processes by tracking leads from the data and closing new business easily.
It does not matter whether you have a big-sized or small-sized organization, you need to complete the projects consistently and efficiently. Everything done by your team is based on the tasks concerning these projects.
They need to align their processes with the project goals to achieve success. Thus, resource management is a crucial aspect to consider while selecting a SME Business Management Solution for IT Office Supplies.
Managing resources effectively helps your organization in improving its products and services and project and service delivery by optimizing the allocation of resources. It models project data and enables the business to make risk-free, data-driven decisions over every task they handle.
IT and Office supplies VARs handle a vast catalog. A good business management solution maps the huge catalog with their eCommerce store.
Having a SME Business Management Solution for IT resellers with integrated accounting software simplifies the process of recording transactions, managing payables and receivables, collecting taxes, closing the books, precise reporting, and greater control of financial assets.
When you access real-time financial data, you resolve issues immediately and generate statements and disclosures that comply with multiple regulatory financial compliance requirements.
You can acquire real-time insights into financial metrics like profitability ratios, inventory margins, liability, fixed assets, taxes, and cash positions. Hence, you start focusing on reviewing transaction details, anomalies and analyzing trends. It enables the accounting team, executives, and operational teams to work anytime and anywhere.
Time Tracking Capabilities
Small enterprises have to ensure smooth operation and optimal workforce management. And, time tracking plays a huge role in streamlining these work processes.
Selecting a business management software with time tracking capabilities not only provides your business with real-time information but also makes its processes transparent, efficient, error-free, and instant. This information helps you and your team in organizing projects, delegating responsibilities, and tracking cash flow effortlessly.
It also enables your employees to monitor their productivity by tracking the amount of time each employee is spending on their projects. This way, they can allocate their time and improve their performance thoroughly.
When SMEs scale their business, they think of increasing the prices of their offerings. A business management tool provides a time tracker with analytics features. It provides clarity by offering access to precise real-time data.
VARStreet as a Business Management Solution for Office Supplies VARs –
VARStreet is a cloud-based, complete, and cost-effective package of Business Management solutions for IT and office supplies VARs. It helps you in sourcing right with real-time distributor feeds for 45+ distributors with over 7 million products from popular manufacturers. VARStreet provides you with sales quotation software and CRM that can be integrated with your eCommerce platform. What’s more, VARStreet gives you a ready-made modern eCommerce platform to run your online business.
Business Management Solution ensures that your business processes run as smoothly as possible. This tool increases your chances of competing with large enterprises.