Future of Business – Will it Ever be the Same Again?

With the arrival of coronavirus and the global pandemic, companies' operations and traditional ways of communication and information processing are no longer possible.

The epidemic has caused us to wonder whether doing business can ever be the same again and whether most working people will start working from home permanently.

As months have passed, what seemed to be a temporary measure at the beginning of the crisis now seems to have become a part of the reality and everyday life. This is the case with the way companies operate and function. Large technological companies have already adopted patterns and procedures that will help them in the process of adapting to the new conditions of remote work and distancing.

Does the future lie in digital business?

Moving business correspondence to a digital space had never been as big a challenge as it became during the epidemic. Due to various bans and spatial and temporal restrictions, business digitalization has been accelerated to the maximum, and companies have finally realized how helpful the use of software tools can be.

Companies such as Twitter, Facebook and Microsoft have already agreed to permanently send most of their employees to work from home, so it seems that it's only a matter of time when companies, one by one, start accepting the new model whereby the employees work from home, with the use of software solutions that help them feel like they're in an office. These IT giants have always been instigators of large business changes, so it is assumed that those much smaller in scope and structure will also go down that path.

From these recent decisions, it is apparent that the future lies in purely digital business oriented at the needs of individuals and their satisfaction, because it is the only way to preserve the business, stabilize the situation and bring back the targeted growth.

Companies' strength to be reflected in the will to use modern technologies

The current crisis, although often seen as a cause of tectonic changes in the business world, is in fact only a catalyst for what nearly all companies are facing in the foreseeable future. In that sense, the epidemic and the state of emergency led to the acceleration of the digitalization of business, in which WorkFlow as a solution for automation of tasks and activities can considerably improve the employees' efficiency.

In order to ensure that your business can continue operating unobstructed, as before the epidemic, it is necessary for you to realize the importance of the use of a business-information system with a combination of tools that facilitates each segment of the operations as much as possible, striving toward a greater efficiency of each individual employee.

(Photo: Datalab/ Bigstockphoto)

Electronic business as a measure of efficiency

Considering that people now work from home, in these new conditions, all employees should have access to the data and the documentation. Tools such as eDokumentacija enable the storage and access to all the company's data and documents that, until recently, were stored in printed form on shelves, categorized in various folders. Now you have the opportunity to browse and use documents within a cloud solution, which enables the company to view incoming and outgoing mail, various kinds of accounting services and many other things.

Only ten years ago, it was unimaginable to keep all the documentations on a computer, with full security and without fear that it can be used by unauthorized persons, while still being accessible from a remote location. The use of cloud solutions is now a part of everyday business, and with PANTHEON, it is a standard that is available to all users. With guaranteed safety copies, companies no longer need additional virtual space and are no longer exposed to threat when it comes to their data, because everything is stored in protected data centers equipped with modern hardware solutions. This makes electronic business a pure pleasure, and not an obligation.

ERP systems to boom in business digitalization process

So far, software has been developed at a pace that suited the companies that developed it and no other way. In these new circumstances, we are aware that ERP systems will change drastically, quickly and at the pace set by the companies. The turning toward the use of digital tools is in progress, because traditional methods are no longer safe or cheap, and the user experience will show in which direction they should be optimized and improved. With increased use, it can be said with certainty that ERP will truly boom, offering a unique user experience adapted to all, from entrepreneurs, through micro, small, medium companies, to large companies and corporations.

What's encouraging is the fact that an increasing number of young entrepreneurs are opting to use digital business software, because it can facilitate their everyday activities when it comes to paperwork, logistics, the issuing of invoices, bills and other administrative tasks. This allows them to spend more time developing and expanding their business activities. Eracun is only one of the ways to successfully carry out everyday tasks electronically, without the need for physical folders, printing out and sending invoices. Everything is done at a few clicks, and the computer base is always ready for you to view when and what you've made and how much you've charged for your services.

It can only be better and more advanced

With an all-encompassing reform of companies and accepting the new situation and by changing the habits acquired through decades, success can be achieved within an organization with the use of an information system such as PANTHEON, which offers full company analytics, statistical data and the kind of measuring that not even HR departments have had insight into. With the building of the database that will give insight into the company's past operations, it is certain that you will be able to plan the future, business steps and strategic goals better.

In information systems, changes are implemented simply, in an employee-friendly manner, and the advancement process can be formed without a problem and without the employees sensing any crucial differences. That could be the main advantage of this kind of operations. Transition periods are faster, more effective and workers can grow and develop in line with the new environment.

People's behavior and the world we live in now shows that nothing will be the same again, but that doesn't mean that it can't be better. This is an opportunity that we should use to improve everything that hasn't been good or fast enough, and ERP systems are able to bring about great changes.

Datalab SR d.o.o. Beograd

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