Small and Medium Enterprises (SMEs) thrive when they are able to cut costs and maximize efficient products.  With the evolution of technology, SMEs are now able to compete with bigger players in more markets thanks to low costs and flexible software.  In 2016 a ton of tech advances hit the market, but according to the Sydney Morning Herald, here are the Top Five tech resources for SMEs in 2016:

  1. Automation technology:  Software that can help streamline advanced processes such as customer relationship management (CRM) tools.
  2. Cloud-based software:  Software that is low cost and easy to access through the connectivity of the internet.  ERP systems and eCommerce options are aided through the cloud.
  3. Online planning and collaboration tools:  Software that helps in messaging and task management  Options such as Slack and Trello lead the pack.
  4. Cloud-based data management services:  systems that act as a folder shared between collaborators and employees of a small business.  Options include Google drive, Dropbox, and OneDrive.  Again low cost and easy to set up.
  5. Workflow management tools:  Similar to collaboration tools, this option is useful for more mobile companies looking to track employee workflow, such as trucking or logistics companies.

Sydney Morning Herald – http://www.smh.com.au/small-business/smallbiz-tech/technologies-that-defined-this-year-for-small-business-20161201-gt1r80.html

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