Sandip has been writing about how SMEs can recommence operations and succeed by taking their businesses online in the post-COVID world.
He writes that no matter the size or nature of a business, it must initiate an in-depth assessment of the existing company assets, its overall financial health, as well as its security aspects. As the pandemic has interrupted operations, productions, and sales across frontiers, he argues it is essential for companies to arrive at a realistic and holistic overview of their situations.
He urges SMEs to take their businesses online so they can add efficiency, innovation, and accuracy to their existing operations, and eventually, reduce the turnaround time of their servicing process.
He believes, by investing in digital practices – be it customer relationship management (CRM), selling on ecommerce platforms, or online payments – small players can ramp up productivity levels, add agility, and even enter new markets.
“Software can enable companies to view and maintain sensible data in real-time while ensuring that it is only accessed by authorised people. It can, therefore, be a great solution for SMEs to keep their accounting and compliance-related matters updated without any physical intervention. Not only will these solutions help companies sail through the economic storm caused by COVID-19, but it will also keep them prepared to face more such outcomes, if any, in the future.”
