Digitizing your business helps you beyond selling to customers. While you may already accept digital payments like Credit Card or Apple Pay, you can use it for managing other parts of your business such as supplier and inventory management, tracking business expenses, and staffing and payroll optimization.

Supplier and inventory management:

A variety of products and software can help you track inventory (including providing alerts when you’re running low on an item) and manage purchase orders (POs), invoices, and contracts more efficiently.

Tracking business expenses:

Small business debit and credit cards can help track expenses quickly and easily, provide purchase protections, and use controls to protect from any employee misuse.

Staffing & payroll optimization:

A multitude of programs can provide guidance on tasks such as predicting labor costs, scheduling hourly employees, and managing payroll.

 

Excerpt from Digital Transformation of SMB's: The Future of Commerce presented by Visa