How Consumer Devices Will Propel Global AI Revenue?

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With internet accessibility rising across the globe and artificial intelligence becoming affordable, consumer devices are being adopted at a high speed. From smart security systems to health monitoring devices to home entertainment systems, there is virtually no space where these devices aren’t making our lives faster, simpler, and more productive. This article describes four reasons how consumer devices will propel the global AI revenue in the coming times and why companies should be ready to deal with it. 

Smart home systems

Ever imagined if you could switch on the heat sensors when you are feeling cold or make yourself a refreshing lemonade while relaxing on your cozy bed? Artificial Intelligence is turning your long-sought wishes into reality. Smart homes use AI algorithms as their backbone and help you manage everything – from doing daily chores to maintaining room temperature to ordering food – without any human intervention. 


Also Read: AI and IoT set to take over the Customer Satisfaction Game


Smart security systems

Man has been stealing and robbing since time immemorial. We have made uncountable attempts to curb such wrongdoings without any fruitful results. But with the advent of AI and machine learning algorithms, acts of crime will be put to rest once and for all. Facial recognition technology is excellent when it comes to recognizing intruders. This is not only limited to detecting people who knock at your door or intrude your home but also extends to verifying the authenticity of your pet and car. 

Smart healthcare devices

Healthcare is one of the biggest sectors where AI will play a huge role. People no longer have to fill long forms or undertake a tedious journey from their home to the hospital. AI will store personal information of the patient which can be filled with the click of a button. And will also regulate a customer portal where patients will remain in touch with healthcare providers 24/7. Moreover, wearables such as smartwatches and wristbands will be able to detect a patient’s vitals and send a real-time report to doctors. This will significantly improve healthcare service in the coming times. 

Smart entertainment systems

Amid the ongoing lockdown, where are you watching your latest Bollywood flicks? Certainly not in your nearest cinema houses! OTT platforms such as Netflix and Amazon Prime have kept our emotional palette vibrant and colorful. And do you know how those romantic rides, treasure hunts, hill-top expeditions, and gritty thrillers are made possible? It’s because of AI-powered movie recommendations. The algorithms collect data every time you watch a movie and recommend what you may like seeing in the future.

The four points mentioned above reveal the real power of AI across various domains. Governments, businesses, and people are recognizing the growing significance of AI-enabled consumer devices and are readily adopting it. The day is not far when consumer devices become as accessible as air and make our lives better.

At Sage Software, we are home to world-class CRM, ERP and HRMS software that will make remote working a piece of cake, boost employee productivity, synchronize inter-departmental activities, and generate more profits. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

When Lockdown Crisis Pops In, Send Invoices through Emails

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The current lockdown has put excessive restrictions on the movement of goods and their corresponding bills. This has been the major cause why economies around the globe have come to a virtual standstill. The digital mode of payment is extending its roots, but remember that cash still rules the roost. This is why digital transactions are gaining wide credence in the business world. This article discusses 5 reasons why invoices through emails will revolutionize the payments industry and garner massive growth in the post COVID-19 world too.

Here are the top 7 invoice problems that companies often face:

  • Strong reliance on manual data entry due to customary reasons
  • Human errors in the data entry process
  • Invoices often get misplaced
  • On-time payments are a myth
  • Mismatch in the procedure of issuance, processing, and payment of invoices followed by different companies
  • Lack of an efficient system for accounts payable and accounts receivable
  • Lack of training in dealing with online payments

 


Also Read: How AI is creating smarter email journeys?


Are you facing one or more problems stated above? Are you looking to incorporate e-invoicing in your company? If yes, then you should pay deep attention to the points discussed below.

  • Invoices through emails cut down the unnecessary steps that are rampant in manual invoices thereby saving time for both – you and your customer.
  • Online invoices are paperless documents that save postal fees.
  • Online invoices are free from human errors.
  • According to the report, invoices through emails can save up to 90% on processing costs and cause on-time payments to rise up to 59%.
  • It takes less time and demands less effort to pay an e-invoice, which is why in most cases the customers pay instantly.
  • Online payments help reduce the consumption of paper and thus save trees.
  • Online payment software automatically alerts about the sending, receiving, and payment of the e-invoices.
  • Invoices through emails are easy to keep a note of since the advanced analytics keep track of account payable and receivables all at one place from where they can be accessed anytime.
  • Digital invoices are highly secure and data-theft is next to impossible
  • Digital invoices can be easily customized according to your customer’s requirements.

The COVID-19 pandemic has brought the entire supply chain to a standstill. Customers are facing order delays, payment delays, and have to wait for long periods to receive their products. This can be a major cause of sour relations between producers and final consumers. Digital invoicing does its bit in mending the hard-hit supply chain industry by increasing the speed of payments.

 

At Sage, we are home to world-class CRM, ERP and HRMS software that will make remote working a piece of cake, boost employee productivity, synchronize inter-departmental activities, and generate more profits. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

COVID-19 Will Drive the New Wave of Business Innovation

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Since time immemorial, humans have been facing black swan events. These are those events that are unpredictable, have wide-spread ramifications, and change our perspectives completely. Some of the notable black swan events have been the black death in the 1300s that killed about 75-200 million people in Eurasia and North Africa ultimately resulting in more food and land for peasants. Or the SARS pandemic in 2002 that laid the foundation stone for e-commerce companies like Alibaba. Or the 2008 financial crisis that caused the rise of asset-sharing business models like Airbnb, Uber, etc. The current COVID-19 crisis is next in the league and intellectuals all across the world are trying to decipher its effects on the world economy. And the aftermath of the pandemic once a viable vaccine is developed and distributed among the masses. This article discusses 2 new impacts of how COVID-19 will drive the new wave of business innovation.

1. A new form of the global supply chain will emerge

The current supply chain system functions on the principle of keeping costs low and quality relatively constant, which is why most companies have their manufacturing hubs in China. But this steeply increases concentration risks because companies are over-dependent on one country for their production. And as luck may have it, with a large number of manufacturing facilities shut down in China due to the pandemic, this has proven to be a bad strategy. COVID-19 will drive the new wave of business innovation and will see the emergence of a supply chain that will:

  • Be distributed across geographies
  • Have a large web of vendors instead of relying on a few
  • Make use of technologies such as IoT, Blockchain, and 5G to stay connected
  • See greater adoption of drones and self-driving cars to deliver products

Also Read: COVID-19 Impact on Supply Chain Business


2. Governments that act instantly will rule the roost

When the world has come to a standstill, some governments have astonished us with their pace of action. For example, South Korea tested more than 200,000 citizens for COVID-19. It also built an application to monitor the movement of infected people and alert the uninfected. Then, China built a hospital spanning 645,000 sq. ft in a record-breaking 10 days. Another example is India which announced a 21 days lockdown, conducted rapid testing, and launched an application “Aarogya Setu” which uses a person’s mobile phone and Bluetooth to ascertain whether they have come in contact with an infected person.

So how does this point explain that COVID-19 will drive the new wave of business innovation? It’s because organizations and institutions that can take quick actions during calamities will draw investments in the future. Their level of preparedness, ability to adapt according to changing circumstances, and resource allocation proficiency depicts that if we are ever to encounter such black swan events in the future, the financial losses will be minimum, and businesses will be able to restart their operations without much difficulty.

Pandemics occur once in decades but they alter our perceptions, change the way we live, and most importantly, transform the way we do business. COVID-19 will drive the new wave of business innovation as the companies that build a methodology to deal with these changes will compete effectively while those that don’t will dwindle in obscurity.

At Sage, we are home to world-class CRM, ERP and HRMS software that will make remote working a piece of cake, boost employee productivity, synchronize inter-departmental activities, and generate more profits. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

5 Ways to Build System Resilience during COVID-19

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Resilient Supply Chain During Covid-19

The COVID-19 pandemic has unfolded a crisis like situation and is disrupting IT systems like never before. The term “systems” include cloud, data, network, and other critical business processes that require quick redressal. Steps need to be taken for boosting system resilience so that outages can be mitigated and their ability to recover can be improved. This article discusses the most prominent challenges being faced by businesses during the COVID-19 crisis and steps for boosting system resilience.

Supply Chain Business Challenges

  • A major shift in the way of purchasing products – from physical to digital
  • Employee productivity challenges due to the widespread practice of remote working
  • Lockdown has badly affected the supply chain
  • A significant change in customer touchpoints
  • Lack of rigorous systems to access and take affirmative action on real-time data
  • Security risk from bad actors who are always looking to hack systems and steal data

5 ways to boost supply chain resilience

1. Remote Working

Businesses should immediately enable remote working solutions for their employees at astonishing speed and scale. The first step is to help them adapt to it. This can be done by training them on how to conduct virtual meetings, important applications to stay in touch with their team 24/7, how to raise tickets if a technical error creeps in, etc. Businesses should also help employees in implementing virtual desktop solutions at their home.


Also Read: 4 Major Challenges of Remote Working


2. Use the power of automation

To mitigate the negative impact on systems quickly, businesses should implement automation wherever possible. It makes use of Machine learning and AI algorithms to do high-volume tasks. This frees agents to focus on more important issues such as building strong and long-lasting relations with clients.

3. Make use of cloud systems

Cloud systems can be of extreme help during the COVID-19 pandemic. They store business-critical data on the server that can be accessed from anywhere and at any time. They adapt according to the increase or decrease in traffic, deploy instant innovation, and work on the principle of the pay-by-the-brink model where prices fluctuate according to current demand.

4. Provide unhindered services

For boosting system resilience, businesses should immediately hire skilled resources and begin with the knowledge transition procedure. Also, they should quickly implement lean governance and engineering practices for supporting service continuity.

5. Implement rigorous cyber-security measures

Due to the over-reliance on technology during the COVID-19 crisis, almost everything is being done online. This calls for serious data security measures as data-thefts and hacks have increased extensively. Recently, IT major Cognizant has been attacked by Maze ransomware and has lost sensitive information to hackers. To avoid this from happening, businesses should identify data security leakage points, implement a zero-trust model for multi cloud solutions, and brief employees and third parties about new cybersecurity threats and the damage they can cause.

Even before the COVID-19 pandemic, companies were struggling to build system resilience. The dastardly effects have only been exacerbated by the current ongoing crisis. It is time for businesses to build and prepare for long-term transformations that will boost system resilience in the times to come.

At Sage Software Solutions (P) Ltd, we are home to world-class CRM, ERP and HRMS software that will make remote working a piece of cake, boost employee productivity, synchronize inter-departmental activities, and generate more profits. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

How to Prioritize Digital Commerce during COVID-19?

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The COVID-19 pandemic has put millions of lives in danger. People are locked inside their homes in quarantine and only those involved in essential services – police, health officials – are allowed to move out. Never-before-heard terms like social distancing, self-quarantine are trending on social media. Brick and mortar stores are either not operating or are allowed to open only for a limited time. B2B and Direct-to-Consumer brands are struggling to meet the needs of their customers. Digital commerce appears to be the only viable solution during these tough times. But it requires exploring new channels of service, searching new ways of attracting customers, and developing capabilities to scale efficiently. This article talks in length about the steps you can take to prioritize digital commerce during the current crisis and implement the learning in the post-COVID-19 world.

1. Stand resolutely with your customers

The COVID-19 crisis has devastated supply chains across the globe. People are utterly confused about what to buy, where to buy, and from whom to buy. They are afraid that sellers might take advantage of the situation and demand extra money. This is the time when you should stand resolutely with your customers. Following are a few things you can do to cement your position in the customer’s hearts:

  • Be transparent and truthful in your offerings
  • Supply essential products to those places where the COVID-19 pandemic has been more severe
  • Repurpose your factory to make products that are imperative for the survival of the society at large – Hand wash, Soaps, Hand sanitizers, etc.
  • Release audience-specific content and service guidelines for different sections of society – parents with babies will have different concerns than those with teenagers.
  • Once you have identified the ideal digital commerce channel, you should make sure that your brand position is appropriately represented. It should be more than just a channel to buy and sell goods; it should represent what difference you are making in society.
  • Listen to what your customers are discussing. Have a mechanism to take regular feedback and improve upon your shortcomings.

Also Read: How to Connect With Your Digital-Only Customers?


2. Digital Commerce is set to Zip, Zap, Zoom

With the shutting down of hotels, restaurants, and all kinds of brick and mortar stores, the responsibility to fulfill the essential needs of the masses has fallen on the shoulders of digital commerce channels. This is still a blue ocean with fewer fishes, which means that it has countless untapped opportunities and millions of dollars of profits to be made. The following are a few actions that you can take to make the most of the opportunity.

  • Form cross-functional teams, assign them responsibilities, and measure their KPIs from time to time. This will help you build a durable and long-lasting digital commerce platform.
  • Develop systems to ascertain the customer journey on your digital commerce channel. This will help you locate congested paths and system failures that can deteriorate customer experience.
  • Conduct shopper assessments from time-to-time to know the current trends in online shopping and how you can improve upon them. Such assessments are also necessary to expand to new target segments.

COVID-19 pandemic is changing the buying behavior of customers. This presents countless opportunities for businesses to cash-on. With time, as the effects of the crisis become more pronounced, companies will be in a better position to formulate their strategies.

At Sage, we are home to world-class CRM, ERP and HRMS software that will make remote working a piece of cake, boost employee productivity, synchronize inter-departmental activities, and generate more profits. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

3 Ways How Collaborating With AI Will Minimize Workforce Disruption

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We are on the brink of the Industrial Revolution 4.0 and there is a wave of despair across the globe. People are scared that automation may lead to workforce disruption on a big scale. They think they might lose their jobs to highly advanced robots. But industry leaders suggest otherwise. Elon Musk recently said that Tesla’s biggest mistake was to be over-reliant on automation. Researchers have found out that companies that focus on human and AI collaboration outsmart those that focus only on automation by three times. This is why companies need to reimagine the workspace as a place where AI and humans collaborate. Hence. they must focus their attention on preparing their people for the impact that AI is going to make soon. This article puts forth 4 ways how collaborating with AI will minimize workforce disruption.

1. Focus on their relative strengths

It’s not about displacing the weak for the better rather focusing on their relative strengths. Humans are much more capable when it comes to subjective qualities – leadership, creativity, judgment, and teamwork – while AI brings super fast speed and scalability. Imagine a situation where you, an automobile manufacturer, are planning to sell your products in a completely new sector, say defense forces. In such a situation you might lack relevant data, a prerequisite for AI for making forecasts, and analyzing market demand. Thus, in such scenarios machines will be rendered useless and humans will play a pivotal role.


Also Read: The Technology Trinity: AI, ERP, and Cloud


2. Empower your people to learn the technology

Researchers suggest that it’s not AI that will be the cause of workforce disruption, rather workers who will use AI will displace those who don’t. Companies should train their employees and reduce barriers by implementing drag-and-drop and point-and-click type AI features that make it easy for employees to adopt this technology. This will exponentially increase the capability of your workforce. For example, marketers will be able to use techniques such as regression and cluster analysis for exploring new customer segments that fall right into your niche.

3. Upskill your workforce

With the advent of AI, employees must operate differently. They need to shun their old patterns of thinking and adopt new ways of doing jobs. This requires a massive upskilling program. But industry statistics haven’t been very welcoming. The research found that although 67% of companies acknowledge that their employees don’t have the required skills, only 26% of senior executives believe that their workforce is ready to learn about AI. Budgetary constraints and lack of appropriate training technology were quoted as reasons for holding back upskill programs. Also, most companies that have started imparting training sessions have limited it to the analytics department only. This shows that companies lack an enterprise-wide plan to conduct training and upskill their workforce.

AI is bound to cause workforce disruption. It will make operations lightning-fast, provide accurate data, and furnish rich insights. But this can only happen when companies build suitable training programs for their workforce on subjects like automation, machine learning, and AI. Curbing workforce disruption is not only an economic incentive but a moral obligation as well.

At Sage, we are home to world-class CRM, ERP and HRMS software that will make remote working a piece of cake, boost employee productivity, synchronize inter-departmental activities, and generate more profits. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

5 payment methods that businesses should integrate

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With the entry of millennials and Generation Zers in the market, you can no longer rely only on traditional payment methods. This set of new customers expect everything to happen in a second and from the comfort of their home. Cash transactions are outdated and cannot fulfill their need for instant gratification. This makes it imperative for small businesses to integrate their websites and mobile applications with payment gateways as swiftly as possible. This article talks about the top 5 payment gateways for small businesses to attract the modern customer and outshine their competition.

 

Top 5 Payment Gateways for Small Businesses

 

1. Mobile payment apps

 

According to the report, the transaction value of mobile payment apps is expected to go up from USD 64.78 billion in 2019 to USD 134.58 billion in 2023. This has been made possible by a plethora of safe mobile payment applications such as Google Pay, BHIM, Samsung Pay, etc.

 


Also Read: Future of Mobile eCommerce


 

2. Online payments

 

Out of all the payment methods discussed in this article, online payments are probably the most important from the perspective of the business. It provides large swathes of information about the customer – name, age, buying behavior, buying history, etc. which are imperative to create a customer profile.

 

3. Messaging apps

Messaging apps were one of the first applications before the advent of real-time message apps that were used for sending messages to your near and dear ones. But with the advent of real-time chat applications, they lost their sheen. Recently, they have been integrated with eCommerce platforms and appear to regain their lost status. For example WeChat.

 

4. Prepaid Cards

Prepaid cards are one of those payment methods that have found an important place in eCommerce. Customers can transfer a particular amount of funds from their credit/debit cards into their prepaid cards and shop until it exhausts. This saves them from the need to put their card number, PIN, CVV number every time they purchase a product.

 

5. Pay later solutions

The “Pay later” has emerged as one of the most important payment methods in the industry. It is being readily accepted by customers because it allows them to pay at a later date. This has been made possible by the advent of modern AI and machine learning algorithms that segment different customers according to their income and predict a varying threshold for each one of them.

 

Small businesses need to come out of their brick and mortar mindset and integrate digital payment methods to attract new-age customers. At Sage, we are home to world-class ERP software that will enable you to integrate different payment methods with your small business. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

 

Boost Business Immunity through COVID-19 Situation

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What is Enterprise Technology?

In the current times of COVID-19 crises, work-from-home has become a norm. This is where digital technology makes its mark. It helps employees stay connected 24/7, allows companies to keep in touch with customers, and enables them to keep a watch over business activities from the factory floor. Let’s study how enterprise technology – ERP and CRM software – help boost business immunity to tackle COVID-19 situations appropriately.

How can ERP be used to handle the COVID-19 situation?

  • It enables companies to integrate traditional domains such as marketing, finance, manufacturing, supply chain and increase their productivity many times.
  • It helps supply chains to – schedule jobs, ascertain what resources are being used, create BOM (Bill Of Material) and update shipping documents.
  • It helps the manufacturing department to – reschedule workflow as per customer demand, update current stock of raw materials, and order out-of-stock materials in advance.
  • It helps the finance department to – store billing information, generate invoices automatically, inform customers about price changes, etc.

Also read: How to Choose the Right ERP Software for Your Business?


How can CRM be used to handle the COVID-19 situation?

  • Allows access to customer data and creates customer profiles.
  • Enables interaction through different communication channels such as email, video conferencing, social media, etc.
  • It allows customers to post queries and retrieve solutions as soon as possible.
  • It enables customers to form communities and seek help from each other.
  • Automatically sends any recent changes made in the company policy to customers.

Though humans are vulnerable to the virus in the absence of a vaccine, companies are not. Give a dose of enterprise technology vaccine to your company and boost your business immunity in times of crisis. At Sage, we are home to world-class ERP and CRM software that helps you minimize operational costs and maximize profits. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

5 Ways to Support Small Businesses during Coronavirus Crisis

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Believe it or not but our lives are too dependent on small businesses. Picture that ice-cream store on the next street where you relish a cone of strawberry with a chocolate topping every weekend with your friends. Or that dry cleaner who often rushes to your home to provide you clean garments. Or the local café that delivers your favorite cappuccino whenever you need it without demanding any extra tip. We fail to admire their efforts but they play an important role in our lives, sometimes more than industry-leading giants. The biggest setback for any small business is when it faces hardships because of externalizes that are not under its control. This article throws light on what you can do to lessen the Coronavirus impact on small businesses and help them when they need it the most.

1. Prefer buying from small businesses while buying online

The whole world is in lockdown mode. Brick and mortar stores have closed down and people have shifted completely to online shopping. This has boosted the sales of online stores like Amazon and Flipkart exponentially. As someone who cares about small businesses, you can go to their websites and make purchases. If they don’t have one, you can give them a call or search for their Facebook, Instagram, or twitter homepages. Also, some small businesses keep their shops open for a few hours every day. Others provide home delivery at reduced prices. You can avail of their services and keep them afloat during times of crisis.


Also Read: Scalable ERP Software for Small Businesses


2. Spread the word

The best way to lessen the Coronavirus impact on small businesses is to help increase their sales. You can do this very easily. Whenever you buy a product from a small business, post a photo on your social feed and share it with your friends and loved ones. According to a report, 85% of small businesses believe that word-of-mouth helps acquire local customers easily.

3. Put online reviews and buy online gift cards

The best way to show your gratitude would be by putting online reviews on various customer portals like HomeAdvisor, Groupon, or Zagat. Be sure that you mention that they are small businesses and why do you like them. Also, don’t forget to purchase online gift cards. They are like giving loans to a small business that can help them keep afloat during tough times and reduce the Coronavirus impact on small businesses.

4. Search small business while shopping on eCommerce

Most products available on eCommerce websites are sold by small businesses. Thus, while shopping on eCommerce websites you should check who the seller is. For example on Amazon, you can click on “Other sellers on Amazon” to find out if the product is being sold by a small business.

5. Never forget to make a donation

The Coronavirus impact on small businesses has been immense. Some businesses are too vulnerable and will not be able to come out of the mess all by themselves. As someone who cares for them, search whether they have set up a fundraiser and consider donating.

Coronavirus is a testing time for humanity. It’s the time when we have to stand united and help those who make our communities thrive. A small step from your side can severely reduce the Coronavirus impact on small businesses and help them sustain the crisis. At Sage, we are home to world-class CRM and ERP software will take care of all your business needs and help you run your company like a pro. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.

What happens when the COVID-19 storm calms down?

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The recent lockdown and other long term decisions taken by the government to curb the spread of COVID-19 have changed the way companies function. With every geography, industry, and function severely affected, companies need to create a strategy to deal with COVID-19 effects today and prepare for days when the storm calms down. We shouldn’t forget that humanity has survived many pandemics in the past and it’s only a matter of time that we will sail through this one too. This article focuses on what companies should focus on once the virus has been exterminated and things are back on track.

What companies can do once COVID-19 effects wither away?

  • Remote working: Due to the recent lockdown imposed by the government to curb the COVID-19 effects, companies across every industry have been asked to allow their employees to work from home. This has come as a boon to both – employees and employers. It has been beneficial for employees because remote working cuts travel time allowing them to spend extra moments of happiness with their families and friends. And for employers, because they have recently discovered that remote working can help them save heavy workplace rents. It is highly likely that once the COVID-19 onslaught is over, companies call employees working only in those departments to the office that cannot make any worthwhile contributions without their physical presence. And rest may be allowed to work from the comfort of their home.

Also Read: Engage Your Premium Customers Remotely


  • Saving money on travel: To bring down the intensity of the COVID-19 effects, governments across the globe have issued a temporary ban on the airline industry. This has encouraged the use of video call software such as Skype, allowing employees to interact with clients working in the other half of the globe. Once COVID-19 has been done away with, it is highly likely that video conferencing will become the norm as it will allow companies to trim travel costs and cut expensive stays at five-star hotels.
  • Fall of brick and mortar stores: People have seen the disastrous effects of COVID-19. And concerns grew exponentially when newspapers reported that even paramedics, celebrities, holy men, and national leaders do not fall outside the ambit of the virus. Thus, people will become more health-conscious and it is highly likely that they wouldn’t like to move out of their home even for buying food. They would rather depend on home delivery apps. Also, people will keep away from recreational activities such as watching movies in a theater or visiting malls on the weekend to save themselves from picking a life-threatening virus. These factors may lead to the weakening of brick and mortar stores and strengthen online businesses.

Humanity has never encountered a virus as contagious as the Coronavirus. Scientists across the world are trying to make a vaccine but all efforts have gone in vain. The death toll is rising with every passing day. Companies have been quick to make changes in the way they function and experts suggest that they will continue even after the threat of the virus would have subsided. Adoption of enterprise technology will soon become mandatory. At Sage, we are home to world-class ERP software that will help you fight against the virus and boost your productivity like never before. To know more about it, SMS SAGE to 56767. You can also write to us at sales@sagesoftware.co.in.

 

Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.