For a business manager to become a business management innovator , what he or she would need is a practical methodology Local content.
As with other types of innovation, the biggest challenge is generating truly novel ideas. While there is no secret formula to achieving this, it is possible to increase the chances of a successful moment by gathering the data and analyzing it correctly.
Some of the essential components to carry out this transition are:
a fascinating problem that demands fresh thinking;
novel principles or paradigms that have the power to illuminate new approaches;
a careful deconstruction of the conventions and dogmas that restrict creative thinking;
examples and analogies that help redefine what is possible.
But, something else is missing and it is essential to highlight: knowing how to invest and implement the technologies that contribute to an effective business management process.
Among the 3 most important digital technologies to improve business management, we find:
Electronic signatures
Electronic signatures have become the pillar of business management, whether of an SME or multinational company, to streamline, secure and organize processes. This is because they not only improve the life cycle of contracts , but also:
Streamline workflows
Collecting signatures is tedious if you don’t do it electronically. To obtain a signature, you must send the document or have the recipient print it; After signing the document, they have to return it, which means physically mailing it or scanning and emailing it.
These are time-consuming processes. Not only do they prevent a document from communicating with the company in a timely manner, but they also waste a lot of time for both parties. An electronic signature takes seconds, without hassle.
They are safer
Electronic signatures offer better security thanks to the audit trail that indicates who signed the document and when.
We would not have that verifiability with a document printed on paper, signed, scanned and sent by email.
They are cheaper
When you spend too much time signing old-fashioned business contracts , it costs your company money and eats up hours of work that could be used for some other, more value-added activity.
The opportunity costs can be tremendous; You can spend hours handling documents that require signatures each week, time that could be spent planning and executing a long-term strategy instead of running around putting out fires.
They make your business more organized
With documents floating around in email, things are likely to disappear.
By switching to electronic signatures, business document management will improve and businesses will be more organized as a whole. With a better organizational structure, work teams will operate more efficiently, which will increase your results.
Enterprise resource planning software
The pace of change in the market, especially in the service economy, is relentless, which is exposing significant weaknesses in static business models. To succeed and prosper, businesses must focus on the future and prioritize planning, which is why the benefits of an ERP system are hard to ignore.
An Enterprise Resource Planning (ERP) System centralizes all core business processes in one place, providing real-time visibility into all operations, from supply chain to customer relationship management (CRM).
Because an ERP system is capable of tracking so many moving parts, it requires a high level of customization and ongoing management to ensure information is up-to-date. However, once it is fully integrated and the company is using all the features, it allows you to have seamless management of costs, inventory, people, and more.
Business process management software
Business Process Management (BPM) software is an enterprise-grade software solution for automating repetitive tasks, managing critical processing, and managing process logic.
BPM systems optimize and accelerate processes, increasing efficiency. By ensuring that work is handled consistently and that tasks are delivered to the correct users, business process automation allows staff to focus on higher-value work and exceptional cases.
Strengthen your company!
As you can see, improvement in business management is important through these easy-to-implement measures, within which we highlight a technological and modern element such as the electronic signature, a simple and efficient tool that can represent a comparative advantage with your competition.