4 Software Tools Every Successful Business Should Have
This post was updated in April, 2020
There are a number of factors that contribute to a truly successful business, which is why it’s important to re-evaluate your processes from time to time. You know all too well how important it is to keep paperwork organized, track your employee’s time and attendance, maintain constant communication, and measure the success of your organization, all the while ensuring your clients are happy and satisfied with the product or services they receive. However, you don’t have to do this all on your own. Consider the following software tools that are guaranteed to improve how efficient your company is running.
Payroll
One way or another, every organization revolves around finances. Processing payroll isn’t always easy and, because of that, many businesses choose to outsource their payroll processing since errors or inaccuracies can lead to some major fines and penalties. This can be a great option, especially because many payroll software companies will ensure all your federal, state and local taxes are filed without you having to worry (like Dominion!). When it comes to finding the right payroll company for your business, be sure to keep in mind the company’s size, the cost of the software, the quality of their customer service, and the simplicity of the payroll process.
Want to see what Dominion’s payroll can do for you? Click here.
File Storage
With the digital age upon us, it has become common, even necessary, for most businesses to pay a little extra for tools such as Dropbox that allow you to store and share your files easily. Since staying organized is so important to maintaining a successful business, it’s not difficult to justify the extra expense. However, did you know your payroll company might offer file storage to you at no additional fee? You can store documents, videos, and even images right in the cloud so you have access to them from anywhere with a connection to the internet.
Analytics
In addition to managing finances and maintaining organization, it’s important to track the success of your business with solid data from a reliable source. Most businesses in this digital world have a website that helps generate interest, promote and sell merchandise, or create brand awareness.
In order for you to get the most out of such a website, you have to be able to track and monitor its success. This might sound daunting, and it can be for some of us not-so-analytical types, but the upside is that there are a number of free tools that will help you do this. First of all, whichever site you use to house your marketing website should offer you a certain amount of analytical data. However, you can get a lot more out of this information if you use something like Google Analytics. They even offer a free certification course so you can be an expert in no time!
HRMS
Contrary to popular belief, having a Human Resource Management Software, or HRMS, isn’t only helpful for mid- to large-sized companies. There are a number of features that are helpful for any organization, and some of them come at no additional cost. For instance, Dominion offers an Employee Self Service portal that comes standard with the regular payroll package. This provides your employees with access to whatever documents they might need throughout their employment, including W-2s and pay stubs. (Remember when we talked about file storage? See how it all ties in together now?)
I encourage you to evaluate your processes and consider if there are any tools (either listed above or not) that could help you simplify the back office. Would your business benefit from a Time and Attendance platform? What about Benefits Administration? Often times, you can find all the payroll and HR tools you need in one place. Dominion, for instance, offers a cloud-based platform that can help you manage the above tasks and so much more! Learn more here or request a demo below.
