6 Ways a Smartphone Can Help Businesses Be More Productive and Profitable

Wondering how mobile devices can benefit your business? Entrepreneurs can integrate mobile technology into business operations and make their day-to-day tasks faster, easier and efficient.   

From enabling business owners to go paperless and make payments in real-time to facilitating communication on-the-go and helping them stay organized; a mobile device will ensure everything is at their fingertips!    

So, if you are a business owner but still not making the most of this revolutionary innovation due to budget constraints, apply for MoneyTap’s mobile loan today and optimize your work with these 6 tips.

1. Increase Employee Accountability

Almost 65% of employees have admitted that they use the internet during office hours for non-work purposes like watching sports, shopping online or trading stocks. All of these activities can add up to a productivity loss of 40%.

Source: https://www.qnnect.com/blog/8-eye-opening-employee-productivity-statistics

Integrating office laptops and desktops with a time-tracking mobile app will allow the management to keep constant tabs on employee productivity.

Real-time visibility into what your employees are doing, how they are spending most of their time online and where along with date and time details, will not only ensure that your employees stay accountable but also increase their efficiency and your profits.  

2. Keep Mission-Critical Information at Your Fingertips

The key features of mobile devices are designed to help business owners stay efficient and organized.

From creating presentations and scheduling appointments to sharing documents and receiving up-to-date information on business operations, everything can be accomplished with absolute ease even when you are away from the office.

3. Continue Working Even When You’re On-the-go  

Mobile devices bring business owners the freedom and flexibility to remain available to staff and accessible to clients even when they are out of the office. A smartphone proves to be a saving grace especially if you are a consulting business.

With a mobile phone, you can check and reply to urgent emails, send and receive calls, record voicemails and send crucial reports like financial statements while ensuring complete data security.

4. Make All Your Payments and Appraisals Anytime, Anywhere

Mobile devices also give you the freedom to make all your payments immediately. With instant access to all your bank accounts on your smartphone, you can also track your financial transactions and profits in real-time.     

Industrial equipment rental business owners need to monitor and manage their inventory consistently, track the damage caused by customers, and maintain equipment in top condition to minimize downtime and wait periods.  

Mobile apps now make it easy for them to send instant notifications and pictures to the right departments while greatly minimizing the possibility of vital information being lost or misplaced.  

5. Integrate Your Mobile with All Your Business Apps and Stay Updated

With the advent of mobile apps, business owners can now access advanced tools and technologies that make their life easy and work efficient. There are numerous business apps that are designed to assist business owners in their day-to-day work.

From managing accounts and employee payroll to recruiting talent and consolidating travel plans, there is an app for making every tedious and time-consuming task easy and effortless. So go grab your mobile device and make it do all the legwork!  

6. Save Time and Cut Costs

Mobile devices are now serving as virtual assistants, empowering business owners to streamline their processes and procedures across the board. What previously took inordinate amount of time is now being accomplished with just a few clicks.

From grouping events together and conducting video interviews to setting important business reminders and identifying market opportunities, mobile devices are proving to be terrific time-savers that have also eliminated the need to install complicated and costly software solutions!

With the power that mobile devices yield, every small business owner can use it to stay focused on the core competencies of his business while saving a lot of time, effort and resources.

Author Bio:

Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap, India’s first app-based credit-line. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life’s mission to help and educate people on various financial topics, so email him your questions at shiv@moneytap.com.

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