Business Telegraph

The Entrepreneurs

Top 5 Tech and Business Trends to Keep an Eye On

  • Written by NewsServices.com

Technology and business often go hand in hand in terms of development and adaptation to change. As technology continues to advance, the business world is also utilising upgraded technologies to improve upon profitably and efficiency.

If you are a business owner looking to prepare yourself for the future tech and business trends, you’ve come to the right place. Keep reading to find out which tech and business trends you should keep an eye on for the sake of the future of your business.


The rise of e-invoicing


E-invoicing is an alternative to traditional paper-based and email PDF invoices that is rising in popularity. In some countries such as Australia, the government is even encouraging businesses to adopt the e-invoicing network system due to its benefits of efficiency and security.

E-invoicing involves the use of highly advanced computer software to automatically send invoices and scan data from received ones into existing accounting systems. It is extremely convenient and efficient when compared to traditional forms of invoicing, and is also more secure due to businesses having to register their information before being able to participate in the e-invoicing network.


Increasing adoption of automatic billing systems


Automatic billing systems are also becoming popular amongst business owners to purchase and apply. They are particularly trendy among large businesses which are constantly paying daily bills.

With an automatic billing system, business owners no longer need to worry about paying their bills on time and avoiding late fee penalties. Instead, they can schedule the automatic payment of their bills as well as keep an accurate record of the business expenses that are being made.


Choosing expense management software over bookkeepers


Although some businesses still prefer to hire on-site bookkeepers, most are now turning towards expense management software to save on costs and eliminate the problems of human error.

Similar to the role of a bookkeeper, expense management software helps businesses manage their external and internal financial transactions, and records them for future use (such as for financial forecasts and tax purposes). However, unlike bookkeepers, expense management software does not require constant communication - rather only inputting of code - and is more accurate due to not having the risk of human error.


Using virtual corporate cards


Virtual corporate cards are also starting to become a popular tech trend in the business world, due to most stores now having online payment options. Rather than issuing employees with cash or corporate cards, business owners can now distribute virtual corporate cards to employees for business expenses. Unlike regular physical debit cards, virtual corporate cards can be instantly issued, paused or cancelled.

Virtual corporate cards are a great way to help businesses manage their employee spendings without having to make and reimburse all payments made. They are a convenient solution to problems of lost cash or cards, and are also accessible for most if not all employees.


The beginnings of blockchain technology


Blockchain technology is starting to emerge as one of the new and effective ways to secure data storage. Using a decentralised system, blockchain technology offers much more secure data storage than common cloud-based storages due to having a larger network of ‘block’ owners. One of the more popular forms of blockchain technology in data storage is cryptocurrency and in particular Bitcoin.

Be sure to keep an eye out for the above listed tech and business trends if you are looking to prepare your business for the future.

Entrepreneurs & Leaders

Tips For Homeowners When Purchasing Insurance

Your home is your sanctuary, a place where you spend time away from the world when things become too much. That’s wh...

The ultimate guide to buying a simple bookcase

How many of us have gone to buy a simple Hampton bookshelf, had trouble finding one that meets our specifications, o...

10 Ways to Review User Experience on Your Website

When it comes to determining a good user experience, it is essential to consider things like usefulness and accessib...

Why These Games Are a Hit Amongst NZ Players

New Zealand residents are not shy to admit that they truly adore gaming. Thanks to the recent technological advancem...

Strange Secrets - 5 Unusual Facts About Stainless Steel

Many of us use our stainless steel cookware on a daily basis, with no idea of the remarkable history that lies behin...

How COVID's impact on imports has seen a boom in Australian made socks

Socks manufacturing has a notable share in the global apparel industry. As of 2021, 26 billion pairs of socks are ma...

Leading supplier: how to choose Auckland’s best logistics team

As a business owner, you will be hyper aware of the importance of partnering with the perfect logistics company. You...

The top 5 worldwide excavator manufacturing companies

Excavators are heavy duty earth-moving machinery used for construction activities like digging, drilling and removing so...

What are the Newest ways of gamble online

Online gambling has been gaining popularity in the past couple of years. Not only is this activity fun and entertain...

What Are Free Spins?

Thanks to the advent of the internet and handheld devices, online gambling is one of the most popular pastimes in th...

The Best Tips If You Play In Online Casinos

There is nothing more fun than being able to play casino games from the comfort of your smartphone, tablet, or even ...

Top 5 Tech and Business Trends to Keep an Eye On

Technology and business often go hand in hand in terms of development and adaptation to change. As technology contin...

Dos and Don'ts - 6 Tips for Buying Medical Supplies Online in Australia

Online shopping for clothing, homewares and entertainment is so normalised that we don’t tend to think twice before ...

3 Things to Consider When Growing Your Business

Is your business ready for the next steps of expansion and growth? Are you looking to grow your business in an effec...

How Can I Remove My Spouse from My Certificate of Title?

If you’re undergoing a marriage separation and you own a property together it can add an extra element of difficulty...

Why You Should Buy A Luxury Watch in 2021

It's not a secret that luxury watches can be very expensive, but in most cases, they offer the watch owner a life-ch...

Partnership Versus Company: Which Business Structure is Most Suitable for You?

Are you starting or looking to grow your business, and want to transition your business into a new business structur...

How to Get Corporate Events Catering Right

Catering a corporate event in a city like Melbourne --- or nearly anywhere, for that matter --- can be a tricky busi...

Homeware Interior Design Trends to Watch

Trends can’t be escaped today—we’re overly exposed to the outside influences. No matter if you love to follow them o...

WhatsApp Tests the Option of Disappearing Messages After 90 Days

WhatsApp has recently been enriched with a number of new features, which, at least in theory, should increase user p...

The Reissue of the Legendary Dead Space Game Will Bring Big Changes to the Main Character

The Dead Space reissue development team confirms that the upcoming game will come with big changes for the main char...

How a day at the races can help you win clients

In today’s modern digital age, some may think that the days of wining and dining your clients are long past. In real...

14 Best Indoor Plants for Australian Homes

Your home is your sanctuary and adding plants can make it that much better. What you will need are plants that thriv...

Full Guide to No Deposit Free Spins

Free spins are bonuses given to spin the reel for free a certain number of times in different types of slots. Usuall...

Writers Wanted


NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion