How to increase profits with latest technologies for small businesses

How to increase profits with latest technologies for small businesses

How to increase profits with latest technologies for small businesses

“Small businesses are the backbone of the modern economy” is perhaps the most cliched line in the arsenal of politicians, the leading line of every blog about small business and startups (exhibit A), and drunk self-proclaimed geniuses about the nitty-gritties of modern economy.

How to increase profits with latest technologies for small businesses

And while, yes, this line is wrought in banality, it is very much the truth. Small businesses do it  all: they’re a major contributor to the GDP, to exports, they create jobs, they comprise of the largest fraction of businesses that act as employers, they produce more patents than any large corporation, and the fact of the matter – all businesses start small.

However, even with their limitless potential to grow, small businesses in India come across a whole lot of obstacles like sub-optimal scale of operation, increasing competition – both domestic and foreign – and shortages in working capital, and inadequate manpower. With such a turbulent mix of variables and a constant uncertainty of the market, survival indeed comes down to the adaptability to these changing times. Here is a short compilation of how adopting the latest technologies is helping small businesses grow.

  1. Online stores and marketing
    One of the biggest revolutions in the way small businesses operate has been the progresses in e-commerce technology and digitalization. Everything, everyone is online. An increasing number of consumers are going on the internet to make purchases, most often straight from their phones. Such a radical change in the canonical framework has been unseen. Businesses are becoming more efficient, can extend their reach to amazing lengths, vastly improve communications, and substantially cut down on infrastructure costs.
    Adopting digitalization is key to surviving in today’s world. Small businesses that go online are able to double their profits, as compared to businesses that stay offline.
  2. Automation and Robotics

Automated machinery has broken beyond all expectations. It is impacting individuals and businesses in more ways than anyone thought were possible. A new generation of robots, with increased flexibility and user-friendliness, have ushered a new era of human-robot coexistence in the small business sector. This boosts output of mass produced items, increases productivity. Many manufacturers are already taking up on this change. Around 59% SMEs are already using some sort of robotics. Complete automation is basically affordable, and the human-robot collaboration aspect is what makes automation affordable for small businesses, and still retains the element of tradition in their craft.
Automated robots working with human employees create tremendous advancements in industrial processes. The robots can be programmed and re-programmed to suit operator needs and thus increase the flexibility of the entire process exponentially. Moreover, this gives the small businesses enough capability for growth to maintain their competitiveness in a global landscape. Small businesses have a need to protect their intellectual property that they have developed through home-grown means. Since these robots are user-friendly and don’t require professional help to operate, this intellectual property remains safe with them.

  1. Better business analytics
    Software have made it possible for lenders and businesses to assemble and study huge volumes of data related to consumer expectations, preferences, market options, and so on. The small businesses have been, thus, able to study and decipher consumer behavior better to offer their target market customized solutions. They can more easily analyze their competition, track their progress. This innate need to outperform their peers in a similar business has resulted in increased revenues and performance. An analysis conducted by the Boston Consulting Group targeted 4,000 Small and Medium Enterprises across the US, China, Germany, India, and Brazil. The test was done to find the relation between technology and business performance. The results were very clear in that SMEs that adopted these new technologies were able to increase their revenues 15% quicker than their technology-less counterparts and created more jobs as well.
  2. Access to mobile phones and clouds
    Smartphones are getting cheaper and more accessible to the common man by the month. To promote this, service providers are introducing cheaper mobile data plans. New businesses are adopting this shift to mobile technologies in order to increase their revenues and tap into this extra potential. Shifting to mobile offers a better client experience, and this new landscape is clearly more efficient. Coupled with easily accessible cloud services, the entire brick and mortar of a small businesses can be directly translated to an online experience. This levels the playing field for small businesses and give them a great chance against the corporations in the big leagues.
    This is not just a boon for the businesses. Small businesses can now use VoIP calls and collaborate with employees and customers, even if they are based abroad. This new evolution has resulted in greater accessibility amongst employees, and employers. No longer is anyone restricted to working within the four walls of an office. They can work from any place in the world with an internet access. Meetings are held over conferencing apps like Skype, thus increasing productivity and saving a whole lot of time.
  3. Billing Software
    Billing software are fast replacing the traditional, handy cash drawers. Unlike cash drawers, billing software can do much more – they can maintain your stock, keep a tab on your employees, offer customer loyalty, and reduce the overall cost of running a business. They are only called billing software but they act more as a secretary than a simple billing machine. This makes it easier for you to keep track of business, and focus on growth. A small business can manage multiple projects, assign tasks, have a list of invoice at the click of a button. This saves so much back-office work and cost by chipping away at human resource. Moreover, the human element of error is completely nullified in this system. Integrated with cloud computing, multi-store management becomes extremely simplified, and it doesn’t take a fleet of IT geniuses to manage the infrastructure.

So, these were some of the biggest use-cases of modern day technology that the small and medium businesses can choose in order to increase efficiency in their business, and hence increase profits.

Did we miss something? Feel free to let us know in the comment box.

GST Software India

GST Software India

List of GST Software India

List of GST Software India, For Small, Medium and Large Business in India. If you want to list your  GST billing software for india, please comment or mail to hbninfotech@gmail.com.

Please note that the Software listed below are arranged in alphabetic order and are not based on the software popularity.

GST Software India

Software: Aarm GST Billing Software
Website: https://www.aarmtechnologies.com/software-solution/

Software: Accounts Master
Website: https://www.sakthiinfotech.com/accounts-billing-inventry-software-development-tally-showroom-company-erode-namakkal-tirupur-karur-salem-coimbatore-tamilnadu-india.html

Software: Actouch GST
Website: https://www.actouch.com/free-gst-software/

Software: Automat ERP Software
Website: http://www.automaterp.com/automat-erp-gst-features.html

Software: AK Softwares
Website: http://www.aksoftwares.in/GST-implementation-in-miracle-software.html

Software: Alignbooks
Website: https://alignbooks.com/home

Software: AutoTax GST Software
Website: https://www.mastersindia.co/gst-software/

Software: Avalara
Website: https://www.avalara.com/in/en/products/gst-returns-filing.html

Software: Bear Book
Website: https://www.bearbook.com/

Software: Bill Made
Website: https://www.billmade.com/

Software: Bokas FREE GST ACCOUNTING AND POS SOFTWARE
Website: https://www.bokas.in/

Software: Book Keeper
Website: https://bookkeeperapp.net/

Software: BT Hawk – ONLINE INVOICING AND ACCOUNTING SOFTWARE INDIA
Website: https://bthawk.belltechnology.in/gst-ready-online-invoicing-accounting-software-india.html

Software: Busy Accounting Software
Website: http://busyaccountingsoftware.in/

Software: Busy Business Accounting Software
Website: http://www.busy.in/

Software: Clear Tax
Website: https://cleartax.in/

Software: Create Bills GST
Website: http://www.createbills.com/

Software: Cloud based online KDK GST Software
Website: https://www.gstsoftware.com/

Software: Count Magic GST
Website: https://www.countmagic.com/

Software: Deskera GST Ready Software
Website: https://www.deskera.in/deskera-gst-ready/

Software: Easy GST Affordable cloud accounting software
Website: http://www.easy-gst.in/

Software: EFFI GST Softwares
Website: http://www.effigst.com/

Software: Effiasoft GST
Website: https://effiasoft.com/first-gst-enabled-billing-pos-software/

Software: Electrocom
Website: http://www.electrocom.in/

Software: Erachana Software
Website: http://erachana.net/software/free-gst-billing-invoicing

Software: EPPS GST Software
Website: https://www.epps-erp.com/finance-industry-se/?gclid=CjwKCAjwrqnYBRB-EiwAthnBFpvfKJYQhZ83R9D6NOjq2HJVus0VmdGWWiQZSkwo_fL3mvOdxAVAaBoCpS8QAvD_BwE

Software: ER4U GST
Website: http://www.er4u.in/

Software: ERP Next
Website: https://erpnext.com/

Software: Exact Pass
Website: http://www.exactgst.com/our-product/product-offerings-in-exact-gst

Software: Exfi GST Software
Website: https://www.exfi.in/

Software: Express Inventory
Website: http://www.optechsoft.com/

Software: EZ Tax Online GST Accounting Self Service
Website: https://eztax.in/gst/

Software: Ezee Frontdesk GST
Website: https://www.ezeefrontdesk.com/gst-ready-hotel-software.php

Software: Focus GST Software
Website: https://www.focussoftnet.com/solutions/gst

Software: GEN GST
Website: https://saginfotech.com/gst-software.aspx

Software: Ginesys Retail Software Solutions to make your Business Awesome
Website: https://www.ginesys.in/

Software: GK GST Software
Website: http://gkwebdevelopers.com/gstsoftware.php

Software: GST Software Solution by ADY Soft India
Website: https://www.adysoftindia.com/GST-software-Agra.asp

Software: Go GST bill
Website: https://gogstbill.com/

Software: GoFrugal RPOS7 GST Billing Software
Website: https://www.gofrugal.com/gst/rpos7.html

Software: Green GST
Website: https://www.greengst.com/

Software: GSP India
Website: http://gspindia.in/

Software: GST & More Software
Website: http://gstandmore.com/

Software: GST Miracle
Website: http://rkitsoftware.com/#rks

Software: GST Star
Website: http://www.gststar.com/

Software: GST Suvidha
Website: https://gstsuvidhaonline.com/

Software: Gstkey GST Software
Website: http://gstkey.in/download-free-gst-software/

Software: HB GST
Website: https://www.hostbooks.com/in/

Software: Hotelogix
Website: https://www.hotelogix.com/hotel-solutions/gst-compliant-hotel-software-india.php

Software: Host Books Accounting
Website: https://www.hostbooks.com/in/

Software: Inquisitor Point of Sale Software
Website: http://inquisitor.in/pos/

Software: Jio GST
Website: https://www.jiogst.com/

Software: Just Bill GST
Website: https://www.jusbill.com/

Software: Just Billing GST
Website: https://justbilling.in/

Software: KDK Software
Website: http://www.kdksoftware.com/

Software: KMPGi GST
Website: https://www.taxspanner.com/gst

Software: KnowYourGST – FREE GST BILLING SOFTWARE
Website: https://www.knowyourgst.com/invoice/

Software: Kuber Accounting Software
Website: http://www.accountsoftware.in/downloadaccoutingsoftware.html

Software: Marg ERP 9+
Website: http://margcompusoft.com/

Software: Master GST India’s Best GST Software and We Simplify GST Return Filing
Website: http://www.mastergst.com/

Software: MG GST Billing Software
Website: http://www.mgsoftwaresolutions.in/gst-software.html

Software: Microvista GST
Website: http://www.microvistatech.com/gst-software.aspx

Software: Myhcue
Website: https://www.myhcue.com/pharmacy-software

Software:MyBooks GST accounting software
Website: https://www.zetran.com/in/mybooks/

Software: Neetai Tech GST
Website: https://www.neetai.com/gst-software.html

Software: Numberz Online Enterprise Solution
Website: https://www.numberz.in/

Software: ONESOURCE Indirect Tax for India GST
Website: https://tax.thomsonreuters.com/onesource/indirect-tax/india-gst-software/

Software: Profit Books
Website: http://www.profitbooks.net/gst-software-india/

Software: PWC’S GST
Website: https://www.pwc.in/india-services/gst/compliance-solution.html

Software: Quickbooks
Website: https://quickbooks.intuit.com/in/

Software: Quick Plus ERP 10.0 (GST)
Website: http://sophiainfotech.com/

Software: Reach ERP
Website: https://www.reachaccountant.com/gst-software/

Software: Realbooks
Website: https://www.realbooks.in/

Software: Redbook Retail Software
Website: http://www.redbook.co.in/

Software: Sag Gen GST
Website: https://saggst.com/login.htm

Software: Sage Accounting Software
Website: https://www.sagesoftware.co.in/gst-india/

Software: SahiGST CLOUD SOFTWARE FOR GST FILING & COMPLIANCE IN INDIA
Website: https://sahigst.com/

Software: SAN Billing Software
Website: http://www.sansoftware.com/products/billing-software-in-india

Software: SAT SOFTWARE
Website: http://www.ssstp.com/

Software: Sapience GST Software
Website: http://www.sapiencebs.com/gst-billing-software-development.html

Software: Saral GST
Website: https://www.saralgst.com/gst-accounting-software-india/

Software: SL GST
Website: http://www.slbook.in/gst-software.html

Software: Sleek bill for India
Website: http://www.hindustancontrolsystem.com/

Software: Sleekbill GST
Website: https://sleekbill.in/gst-billing-software-benefits/

Software: Solver 5-Star GST
Website: http://solversolution.in/Solver_Products.aspx#

Software: Speed Plus GST
Website: https://globaliweb.com/accounting-software/

Software: STACCKER
Website: http://infiniumtech.org/products/details/2/staccker-trading-simplified

Software: Suchan Software
Website: http://www.suchansoftware.com/

Software:  Syscon Cronus Enterprise ERP
Website: http://www.sysconcronus.com/

Software: Tally ERP 9
Website: https://tallysolutions.com/

Software: Taxbase GST Pro
Website: https://www.sinewave.co.in/default.aspx

Software: Taxraahi GST
Website: https://www.taxraahi.com/

Software: TMI GST Software
Website: http://www.gstsoftwareindia.co.in/tmi-gst-software.html

Software: Udyog Software
Website: https://www.udyogsoftware.com/

Software: Vodafone’s GST Ready Solutions 4 Business
Website: https://www.vodafone.in/business/small-and-medium-enterprise/gstreadysolutions4business

Software: Vyapar GST
Website: http://www.vyaparapp.in

Software: Winman GST
Website: https://www.winmansoftware.com/

Software: Online Accounting Software With myBooks
Website: https://www.zetran.com/mybooks/

Software: Zipbooks Accounting Software
Website: http://www.zipbooks.in/

Software: Zoho Books
Website: https://www.zoho.com/in/books/

Software: Zopper Retail
Website: https://retail.zopper.com/

Software: Zybra Accounting Software
Website: https://www.zybra.in/accounting-software/

Hope this article for GST Software India For Small, Medium and Large Business India was useful.

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