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Don’t Start Your New Business Without These Must-Have Tools

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Starting your own business from scratch is an exciting and often, overwhelming process. These days more businesses than ever before are using software to help get themselves off the mark, and to aid them in building strong business foundations.

If you’re an SME (small or medium-sized enterprise) then you’ll be initially focusing on the growth of your business, advertising and finding ways to keep the day to day running of your SME as smooth and as seamless as possible.

Here we’ll explore the must-have tools every new business should start with.

BOM software.

If your business plan involves the ordering and procurement of electrical component parts, then you’ll need to take control of your BOM (Bill of Materials) as soon as possible. The procurement process can be incredibly long-winded, and without the right tools, you have no idea if the purchases you are making are at the best price or are coming from vetted and reliable vendors. These kinds of issues are time-consuming and costly, both of which are resources you can’t afford to splurge on right now. Start streamlining your procurement process now and check out the BOM management tool at Sourcengine.com.

This incredibly user-friendly software allows purchasers to upload their BOMs, and have instant access to the best prices and latest deals from thousands of carefully vetted and selected vendors. By using your specific criteria, you can determine the price, delivery availability and even the brand of the part you need. Making a quick and efficient order within seconds. What’s more, all activity, orders, and invoices are stored and downloadable directly from your dashboard. This helps you to keep this often-complicated process as straightforward and as accurate as possible.

Accounting software.

As the owner of an SME, you’re wearing many hats. From the admin assistant to the HR rep, and of course the company accountant. Handling business accounts proficiently isn’t as easy as it sounds. This is why many business owners invest in simple accounting software to help keep all their finances, payroll and tax obligations organized and easy to manage. Don’t abandon your bookkeeping and finances until your reports are due, start as you mean to go on, and invest in accounting software!

Task management software.

Your responsibilities as the owner of a small business are always growing, but you might not be in a position to hire employees to share the burden right now. This is normal, but to push through this difficult period you should consider installing task management software to help you hit the ground running and keep yourself organized. Not only can you create a helpful schedule, but you’ll be able to monitor how long certain tasks are taking you, and you can make adjustments as you see fit.

And finally, social media management tools.

All businesses should focus on having a strong online presence and social media is an important part of that strategy. However, without a social media manager to take control of the process, it won’t be long before you’re struggling to juggle all those different platforms, handle queries, tags and reviews. Using a social media management tool can help condense all these different applications into one easy to manage app. This can help you to maintain control of your growing online presence.