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4 Critical Cloud Services for Businesses

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Cloud Services

Is your company optimizing the web cloud? Computer scientist Joseph Carl Robnett Licklider is believed to have invented cloud storage in the 1960s, according to Investopedia. Today, companies can access the cloud through sources like a Wild Tech Netsuite partner.

Over 40% of Australian businesses are now using the cloud, according to Deloitte. Here are some of the main services that might boost your company’s operations, service, and sales:

Revenue Management

Boosting sales is essential for any business, but it’s critical to do effective money management. The process is vital for all companies but especially small businesses with lower revenue. Companies should try to manage accounts properly. Doing so allows your company to effectively process accounts payable, equipment and materials, and payroll.

The cloud can be an effective tool for storing such digital data, which can help free up computing resources for other top priorities.

CRM

Customer Relationship Management (CRM) software has become increasingly popular as companies focus more on providing individualized customer service. For example, a recent survey showed that 80% of consumers share negative customer service experiences versus positive ones.

CRM can provide improvements in several areas for online companies, including:

  • Information Organisation
  • Analytical Data/Reporting
  • Customer Service
  • Automation of Daily tasks
  • Multiple-team Efficiency
  • Customer Communication

Useful CRM software is vital for providing real-time customer data. This process includes different stages of the customer lifecycle, including:

  • Prospects
  • Sales
  • Fulfillment
  • Renewal
  • Support

It’s essential to store and track such data instantly to provide effective customer support. The cloud is a practical resource since you can use more on-site computing services for other functions such as research & development.

Billing/Payments

Cloud billing and payment processing is another way you can use off-site data storage to optimize your company. This process can provide several benefits for companies, including system efficiency, service flexibility, and lower costs.

In the Digital Age, acronyms like SaaS can sound complicated. However, cloud-based billing can provide companies with an adequate substitute for on-site software. Like other cloud-based services, it helps to increase on-site computing storage space for other projects.

Cloud billing can help to lower your company’s direct and indirect costs. For example, you can avoid licensing fees and various month-by-month expenses that can affect your company’s profit margins.

In the past, billing software was the main method for storing and processing billing data. However, issues like slow response and loss of service from such software can create a competitive disadvantage for your company.

Inventory Management

Effective inventory management can help companies to track products being delivered to, and shipped from warehouses. On the other hand, when such systems are inefficient, it can result in higher losses and competitive problems.

This is another process that many companies are moving from on-site software to the cloud. It is greatly due to the dynamics of consumer demand. For example, over 80% of Australians now shop online. Cloud inventory/warehouse management might provide various benefits related to:

  • Visibility
  • Inventory updates
  • Costs
  • Automation
  • Customer Service
  • Security

Using cloud storage for inventory management can help companies to store and access important data immediately. Due to it being highly efficient, it can also provide more cost-effectiveness versus traditional inventory software.

Today’s business world has become increasingly competitive. This is due to various factors, such as the ongoing surge in e-commerce.

Cloud services such as through a Wild Tech Netsuite partner can help your company store and access important data related to inventory, billing, and customers. These issues won’t then be up in the air.

James Smith is the writer for Munchkin Press. He is a young American writer from California and is currently traveling around the world. He has a passion for helping people and motivates others.

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