BAASS Insights Technology Blog

Inventory management may not be the most exciting topic in the world, but it can be one of the most important to a business. Without solid inventory management practices, you can lose sales due to out-of-stock notices.

As technology evolves faster than ever, it is important to keep up with the growing trends. Adapting and leveraging new technologies to your business processes is becoming more essential to remaining competitive and being innovative. In tune with this year’s BAASS Connect’s theme of “Future-Proofing”, we decided to compile a list of technological trends to get on board for the future:

When it comes to managing your customers, you have one of two ways to go about it: you can engage in conversation when your customers reach out to you for a service or new product, or you can pursue an active relationship with your customers and prospects so you are always in front of them. It does not take much to see that one way is far superior to the other. If you are leaving your customer relationships to chance and only interacting with prospects when they contact you, the chances of meeting your sales goals are not very high.

The big question is: What is the importance of business intelligence? Before diving into this, it’s important to understand the topic in itself. Business intelligence is the transformation of raw data into meaningful information for your business; the term encompasses the processes and methods of analyzing, displaying, and reporting from your business operations for the goal of performance optimization. Through business intelligence, organizations can have an all-around view of their business, allowing for better decisions to be made.

Can you name the top pain points in your warehouse? If you are like most warehouse managers, these warehouse management “pains” are generally not far from your mind.

Equipment servicing, HVAC systems, and many other systems rely upon service management to keep equipment running smoothly. Good service management also includes cost quotations, invoices, and other templates related to typical jobs performed by your service department. If your idea of templates is running to the file cabinet and grabbing a hard copy to fill in, think again.

As Chief Financial Officer (CFO), it is your responsibility to ensure the financial health and stability of your business organization. This requires a lot of time and energy spent searching for and analyzing business data, compiling information into tables and charts, and presenting facts to the rest of the C-level suite.

“By changing nothing, nothing changes.” – Tony Robbins

In business, change is often a notion that comes with reluctance. The old saying goes, “If it ain’t broke, don’t fix it” applies to many of us as each fiscal cycle passes. Sometimes, an opportunity for improvement is among us and as technology becomes a more integral part of business, we must look to the future and challenge tradition with innovation.