When the residents of the country were forced to stay inside to stop the spread of COVID-19, e-commerce retailers thrived. They helped in the delivery of essential products and necessities to residents of multiple states. Every small and big requirement of the citizens was met through online cloud-based retail mediums. Can you already gauge how important the cloud has become for retail businesses? The cloud technology is not new to us. We have been using cloud computing for multiple years now. However, pandemic situations have led to years’ worth of evolution and digital transformation in only a few months. While more prominent brands are embarking upon their massive online structure, small businesses are implementing the cloud and launching online retail to users. This means that the cloud is helping retailers maintain business continuity in pandemic situations. Below we have discussed how. Read on for details. How Does Cloud Help in Staying Operational During the Pandemic? No retailer can afford to stay closed for a long time. Even if the situation becomes better, a significant percentage of your audience would still be ordering online for multiple reasons, including feasibility and fear of the infection. Hence, cloud computing is becoming the need of the hour as it offers a solution in this crisis. Check how. 1. Connectivity In the time of the pandemic, connectivity can pose a significant challenge for businesses if not for cloud computing. With the cloud, you can connect with your team members, who are working from different locations. You can also access cloud applications remotely and continuously collaborate with your team members using cloud data. Simply put, using the cloud, retailers are aligning their business strategies for the current crises. Experts also believe that cloud computing is helping in business continuity during this time. There are various features of the cloud, such as disaster recovery, data backup, etc., all of these assist in business continuity. These features still ensure the continuity of the business even when most of the IT systems are not in use. Additionally, to ease the working of businesses, the cloud can also integrate with various new tech enhancements. You can host your business applications into the cloud and enjoy smooth services without restricting your employees to a computer. The reliability offered by the cloud is perfect for pandemic situations. 2. A Strong Backbone We can never stop purchasing essential household products. Everything that people need, they are still purchasing it. How? Through online retailers, they are apparently using the cloud to manage their operations and run everything smoothly. This means that the retailers who are thriving, the cloud is the backbone of their online retail. Think about it; what other technology could meet these overwhelming demands of the users? The stores that are still running using traditional hosting platforms may be facing a considerable downtime due to the inability of this tech of robust working. But, the cloud is protecting online retailers from the disruption due to its versatile and scalable nature. 3. Data Management Today, data is one of the most essential commodities for businesses. Retail businesses collect a considerable amount of data from multiple sources. Managing this data and using it for valuable insights is only possible through the cloud. Before the pandemic, businesses collected and used data through in-house systems. But, this structure may have fallen apart now. The cloud-based businesses are still using actionable insights to realign and modify their strategies while traditional systems are still struggling to make ends meet. Don’t you think? With the huge amount of data, comes the issue of data security. But, fortunately, an additional advantage that businesses get with the cloud is data security. Cloud providers have structures to mitigate hacking attacks through spam checkers, fraud detectors, and audits. All these help keep cyberattacks at bay. How Can Cloud Empower Retailers? Since every retailer needs to implement some measures to resume sales and improve revenue, we have explained the three steps below. Check out how the cloud for retail can streamline business functioning. 1. Reducing The Online-Offline Gap Until now, nobody would have thought of buying products such as cake, perfume, or spectacles. There are multiple users who feel the need to try the product or check it themselves before purchasing it. There are multiple other customer preferences as well. However, all that has come to a halt. Don’t worry, because retailers can still find a solution through cloud technology. Retailers that are better positioned to implement technology and merge these offline and online experiences. Therefore, retail businesses should start using cloud technology to track stocks, sales, and customer preferences in real-time. 2. Adapting to Customer Needs Retailers can use cloud-based applications and technology to keep track of users’ preferences. The cloud is synonymous with innovation. Use this ability of the cloud for demand forecasting and demand modeling.
Using cloud-based applications, retailers can gain insights on how to personalize and realign your brand communications with your customers in an efficient manner. 3. Easy Scaling Almost every retailer, even with a few trusted customers has seen a boost in their online retail during the pandemic. But, is your business better placed to manage this increase in online traffic? Can your systems handle this high demand? Can you manage deliveries without disappointing your users? If you can do these things right, you can see an unpredictable growth in your business. If you can’t, then cloud computing is the solution to these issues. You can scale your cloud storage and capabilities in real-time to adjust to the business's growing demand. The incoming traffic would never face downtime, and you would not face problems because of low storage or inability to store the data. Conclusion Of course, pandemic situations would pass, and we would be able to resume functions normally. However, it is necessary to understand the preferences of the users might not change. The feasibility, convenience, and user experience delivered through cloud-based retailers are far more appealing than in-store experience. Hence, it is the right time to adopt this technology to enhance your retail business’s ability to scale and progress in the future.
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If you are concerned about the money you are making and the money you are spending, you need to focus more on your accounting needs. When you are willing to improve your accounting functions, QuickBooks software is an optimum solution. But which version should you choose? QuickBooks Premier is the best accounting software for a small or medium organization with industry-specific requirements and high functionality needs. Let’s analyze its features that can help you improve the performance of your accounting department. Read on to know the benefits of QuickBooks Premier 2020 for specific industry verticals.
Features of QuickBooks Premier Version QuickBooks Premier solution is tailor-made for the unique requirements of the accounting activities of a business. Check the features of this software below and know if these functionalities can simplify your workflows. 1. Automatic Reminders When you have offered services or products to your customers, raising the invoice can be a daunting task. But, it is crucial. Hence, QuickBooks Premier has functionalities to help you create and raise invoices automatically. You don’t even have to worry about reminding users of invoices. Automatic reminders are sent whenever the due payments are nearing or crossing the end-date. 2. Easy Emailing Now, you don’t need to worry about losing your invoices. Automate adding of PO number to the invoice and email subject lines. This enables the client to search the PO number and find the invoice without any hassle. It ensures quick payments and easier invoice tracking. 3. Invoice Feasibility Similar to other QuickBooks versions, you can consolidate invoices in QuickBooks Premier as well. When you need to send 3 invoices to the same customer for different services, make different invoices and consolidate them in QuickBooks for easier tracking. Your client won’t lose track of any of the invoices in any month. They would find all these invoices in one mail. 4. Simpler Reporting If you have multiple long customer reports, what would you do? Don’t worry; you don’t have to sit with these reports and move step by step from one column to another. QuickBooks Premier offers filters for you and help you scroll down in an accelerated manner. Collapse columns and rows and find the totals you are looking after – in a matter of minutes. 5. Smart Support When you are struggling to make ends meet, simply reach out to the QuickBooks support center. Just press F1 and talk to experts, message them, or request a call-back. You can also reach out to the massive community of QuickBooks to receive the help you are looking for. 6. Industry-Specific Support QuickBooks Premier has some dedicated features for specific industries. Let’s see what these are: A. General Business Support For general businesses, QuickBooks Premier offers the following features:
B. Contractor Services Support
C. Wholesale and Manufacturing Support
D. Nonprofit Support
E. Professional Services Support
F. Retail Support
If you are tired of processing your invoices and handling taxes manually, utilize QuickBooks Premier for optimum support. Here are some of the fantastic benefits of this software solution. 1. Industry-Specific Benefits If your organization operates in any of the above industries, QuickBooks Premier is the right tool for you. There’s no need to purchase any other software and get it customized according to your unique requirements. QuickBooks Premier already has these dedicated functionalities. 2. Better Functionality Other than business-specific functionalities, QuickBooks Premier offers the feasibility of Plus subscription. Through this subscription, you can achieve the following:
3. Other Benefits
Conclusion If your business belongs to wholesale, contractor, nonprofit, retail, or professional services field, QuickBooks Premier can provide customized tools for your business. You can utilize tailor-made workflows that seamlessly integrate with the existing requirements of your business. The features mentioned above and benefits will help you understand how QuickBooks Premier can aid your organization's performance and efficiency. |
Neha SrivastavaLove to learn and share new technology, a good player and foodie. Categories |