BRAZIL – 05/09/2021: In this photo illustration, the QuickBooks (Intuit) logo is shown on a … [+]
Here are five things in technology that happened in the past week and how they affect your business. Did you miss them?
1 – Intuit QuickBooks Business Network plans to accelerate and automate B2B payments for millions of US businesses.
Global financial technology platform Intuit QuickBooks recently expanded the Intuit QuickBooks Business Network to make it available to millions of small and medium-sized businesses across the United States. This expansion has made it one of the largest B2B networks focused on automating and accelerating B2B payments and improving cash flow. (Source: Business wire)
Why this is important for your business:
With so many businesses already using QuickBooks, why not provide a way to connect them so transactions can be faster? A bit of a no brainer. Among the other benefits of the network, the things that will help my customers are the ability for a company to send an invoice directly to their customer or supplier’s QuickBooks account, with QuickBooks immediately issuing an invoice for the customer or supplier. creates using auto-populated information from the invoice and then be able to view, store, and pay for that invoice through the variety of payment options available within QuickBooks.
2 – Starbucks uses built-in financing to improve customer experience and increase retention.
This is according to a recent report Starbucks embraces various embedded financial tools and lifestyle products in an effort to increase customer engagement. Some of the products include bitcoin payments, portable payments, rewards and gift card programs, stored value cards, and mobile payments. (Source: Fintech news)
Why this is important for your business:
More and more companies are offering extra features in their apps to help their customers with financial decisions or just to play games. If you’re a retailer, you should offer a loyalty or payment app that also launches, providing things like integrated finance capabilities. This will become more common in the near future.
3 – These are the must-have technologies to boost your small business quickly.
San Diego Newspaper Group editors recently shared their top picks for the must-have technologies that will quickly boost small businesses. (Source: SDNews)
Why this is important for your business:
Technical choices include CRM systems to help manage customers, the cloud for data storage, cybersecurity technology to protect important data, financial management software to streamline funds, live chat to help customers directly, project management tools to streamline processes and online instant quote capabilities to increase efficiency.
4 – Microsoft 365 Basic is a new $1.99 per month subscription with 100 GB of storage and more.
Microsoft 365 Basic – launching at the end of January – costs $1.99 per month with the aim of replacing the 100GB storage option on OneDrive with some additional features. These features include enhanced security capabilities such as data encryption for Outlook and virus/malware scanning, and an ad-free experience for Outlook web and mobile. (Source: The edge)
Why this is important for your business:
This can be a good resource for freelancers and micro-enterprises. And as you grow, you can migrate to more powerful Office 365 features.
5 – Your next job recruiter could be an AI bot.
According to recent studies, 35 to 45 percent of companies plan to deploy AI-driven recruiting software to help select and interview applicants by 2023. Last year, three in four companies increased their investment in recruiting technology talent with 70 percent planning to continue that investment this year, even with a recession on the horizon. (Source: Computer world)
Why this is important for your business:
AI recruiting tools are becoming more common among larger companies and will soon be affordable for smaller companies. They can provide an objective way to qualify potential candidates. But there are some concerns about their bias.
