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5G – An Optimal Solution for Small Business

Sneha Hull | June 6, 2022 | 158 views

5G – An Optimal Solution
Is your business prepared to harness the potential of 5G? If not, this is the right time to do it. It would help if you prepare to implement 5G technology since it will present a tremendous chance for novel ideas, new products and services, and revolutionized business models. 5G is not just about fast internet speed for the future; it is also about faster business.

5G has the potential to increase individual productivity, boost the efficiency of sales channels, and provide various new business prospects. In the face of future hazards and uncertainties, 5G will be critical in developing stronger adaptation and resilience.

Small businesses must consider how 5G will influence them and how they might benefit from it. In the future, 5G will be crucial for various sectors like automation, AI, machine learning, virtualization, and cloud computing. Because these industries are likely to experience growth in the coming years, it is essential to plan how to reap the benefits for your personnel and business operations.


5G Business Models and Opportunities for SMEs

The world has witnessed the disruption in business models with the arrival of 5G for incumbent operators and verticals alike. There will be numerous good opportunities for big players in the market, who are in good position. However, the real winners may well be the SMEs that have mastered the key technologies and services that make the new business models possible.

Key features like speed, ultra-low latency, high scalability, and network efficiency make 5G unique for business operations. 5G is a gateway for new opportunities, especially when integrated with Wi-Fi 6. It promises new efficiencies, greater productivity, and new ways to define your small business.

SMBs need to build a robust strategy so that once the technology is available, their businesses will be well-equipped to utilize 5G and reap the benefits of the advanced network. In addition, better network connectivity will encourage the development of new products and services for customers, which will help business expansion and long-term success.


Motivations for Investing in 5G

Large number of SMEs are intrigued by 5G's potential security, automation, and competitiveness benefits. This indicates that companies perceive 5G as much more than just a "faster internet" and envisage ways in which a 5G-enabled future will help them survive and thrive over the next decade.

A few other compelling factors encourage businesses to invest in 5G. Here are the ones listed:

  • Improved remote working operations
  • Improved customer experience
  • The efficiency of operations/cost savings
  • Enables new types of services and products
  • Greater operational security
  • Improved data collection and analytics
  • Increased competitiveness
  • Improved automation
  • Increased productivity of the workforce


Final Word

5G offers a significant opportunity for small enterprises to expand their reach. This technology allows the company to become a true digital leader. It is time to trust in the potential of creativity and collaboration and put them into practice for economic growth.

Spotlight

TangerineDream Consultancy

TangerineDream Consultancy is a leading sales and marketing consultancy dedicated to improving companies sales pipelines. Our sole focus is generating qualified sales meetings through an integrated mix of telemarketing, electronic direct mail and social media.

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Sage launches Sage Payroll to simplify accounting, payroll and HR processes for small businesses

Sage | August 10, 2022

Sage (FTSE: SGE), the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, announced the Canadian release of Sage Payroll, which integrates accounting, payroll and HR functions into a single unified platform with Sage Accounting. The new, cloud-first solution from Sage is uniquely positioned to enable small businesses, HR and accounting teams, to manage payroll and employee data in one platform with employee self-serve features, to help their business flow. Delivering on its promise of continuous improvement and innovation, Sage has responded to customer needs to deliver a cloud payroll experience that helps solve today’s most pressing business challenges. With Sage Payroll, small business owners can pay their employees anytime and anywhere, with the platform automatically calculating the value of each employee’s individual payment based on their hourly pay or salary. Rather than forcing small businesses and their accounting and HR teams to juggle between multiple solutions and chase after employee data, Sage Payroll centralizes employee records and automates time-consuming HR processes with ease. This helps to minimize time-wasting, manual work and human error mistakes while empowering small businesses to focus on what matters most – their people and their customers. “For many SMBs, digital tools boost productivity and reduce cost while supporting hard-working teams to get work done more efficiently, With Sage Payroll, Canadian small business owners and accountants can now run their payroll, accounting, and HR processes from a single dashboard, making it easier to pay staff and track and manage HR information all in one place, to drive efficiencies and empower the workforce of today.” -Steve Ryujin, VP, Small Business Segment, Sage Canada And because Sage Payroll is integrated with Sage Accounting, business owners and their accounting staff need not worry about manually syncing payroll and accounting, saving them both time and effort. The software is also CRA Compliant and aligned with changing tax legislation. Sage Payroll is designed to meet the administrative needs of Canadian small businesses. As a business grows from a sole proprietorship to a thriving company with hundreds of employees and performance targets, Sage can provide the right add-ons to accommodate every stage of their business growth. About Sage Sage exists to knock down barriers so everyone can thrive, starting with the millions of small and mid-sized businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitizing business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis. Learn more at https://www.sage.com/en-ca/

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MARKETING AND NETWORKING,TECHNOLOGY

Thryv and Google Partner to Streamline Communication for Small Businesses

Thryv and Google | August 04, 2022

Thryv Holdings, Inc. (NASDAQ:THRY), the small business platform for growing small- to medium-sized businesses (SMBs), is pleased to announce a new integration with Google’s Business Messages to help streamline communication for small businesses who have a growing number of inbound contact options. Thryv is a partner of Google’s Business Messages, a mobile conversational channel that combines entry points on Google Maps, Search and brand websites to create rich, asynchronous messaging experiences that customers find easily accessible and drive business results. Google’s Business Messages integrates within Thryv’s real-time, centralized inbox, which launched last year and allows businesses to have a single thread of communication rather than relying on pockets of data located in individual applications. “Rapid expansion of communication technologies has helped usher in a new era of communication when it comes to customer service for businesses, But only businesses with robust customer service teams and constant availability are benefiting from these advances. Local, service-based businesses, like a local roofing company, may not be able to respond to web chat messages quickly enough for customer satisfaction because they’re on the roof. Thryv’s integration with Google’s Business Messages helps small businesses benefit from said advancements too. These local businesses don’t have to decide between losing revenue and running their business (implying it’s a trade-off by example). The 2020s will continue to be about small business cloud adoption, and we will be there along the way with product updates to support our small business customers.” -Ryan Cantor, Chief Product Officer at Thryv The rise of messaging platforms has created more lines of communication for businesses than ever before, and small business owners are being pressured to adopt these new tools or lose business. Sending messages to businesses has become the new normal. A 2020 Juniper Research study found that global mobile business messaging traffic would reach 2.7 trillion messages by the end of that year, up 10% from the previous year. Companies with 24/7 customer service availability are built to dominate in a market where speed is key, but small businesses are offline more than they’re online. Thryv’s latest integration helps businesses make sure they’re not missing out on critical communications. Thryv provides automation capabilities enabling businesses to respond to customers quickly and keep track of ongoing conversations. For more information and to take advantage of Thryv’s offerings, visit thryv.com. About Thryv Holdings, Inc. Thryv Holdings, Inc. (NASDAQ:THRY) is a global software and marketing services company that empowers small- to medium-sized businesses (SMBs), franchises, and agencies to grow and modernize their operations so they can compete and win in today’s economy. Over 46,000 businesses use our award-winning SaaS platform, Thryv®, to manage their end-to-end customer experience, which has helped businesses across the U.S. and overseas grow their bottom line. Thryv also manages digital and print presence for over 400,000 businesses, connecting these SMBs to local consumers via proprietary local search portals and print directories. For more information about Thryv Holdings, Inc., visit thryv.com.

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