Uncategorized - Descasio

5 Ways Zoho Can Help the Bottom Line of Your Business in H2 2023

Introduction

In today’s fast-paced and highly competitive business landscape, organizations are constantly seeking innovative solutions that can enhance their productivity, streamline their operations, and ultimately boost their bottom line. With the advent of technology, the market is flooded with numerous software options, each promising to revolutionize the way businesses function. However, amidst this sea of choices, one name stands out as a trusted and comprehensive suite of business applications – Zoho.

Zoho Software

Zoho has long been recognized as a leader in providing a wide range of cloud-based software solutions tailored to meet the diverse needs of businesses across industries. From CRM and project management to finance and HR, Zoho offers a comprehensive suite of applications that empower companies to optimize their processes and drive growth. As we enter the second half of 2023, it’s worth exploring how Zoho can specifically contribute to the financial success of your business.

This article will delve into five key ways in which Zoho can positively impact the bottom line of your business in H2 2023. We will explore how Zoho’s advanced features and functionalities can drive efficiency, reduce costs, and maximize revenue generation opportunities. Whether you are a small startup or a large enterprise, Zoho’s scalable solutions can be tailored to fit your unique requirements, making it an indispensable asset in your quest for financial success.

From automating routine tasks to providing insightful analytics, Zoho’s suite of applications enables businesses to make data-driven decisions and unlock new avenues for growth. By optimizing processes, improving collaboration, and enhancing customer engagement, Zoho empowers organizations to stay ahead of the competition and drive sustainable profitability.

So, if you are ready to take your business to new heights of success, join us as we explore the five ways Zoho can make a significant impact on your bottom line in H2 2023.

Streamlining Operations

Efficient operations are at the heart of a profitable business. Zoho provides a suite of integrated applications that streamline various business processes, enabling you to optimize productivity and reduce operational costs. For instance, Zoho CRM helps streamline customer relationship management, allowing you to track leads, manage sales pipelines, and automate routine tasks. By implementing Zoho CRM in H2 2023, your business can enhance sales efficiency, close deals faster, and improve customer satisfaction.

Additionally, Zoho Books offers a robust accounting solution that simplifies financial management, from invoicing to expense tracking. With real-time financial insights, you can make informed decisions, identify cost-saving opportunities, and streamline the overall accounting process. By leveraging Zoho’s integrated suite of applications, your business can reduce manual errors, eliminate redundant tasks, and optimize operational efficiency, ultimately boosting the bottom line.

Enhanced Collaboration and Communication

Effective collaboration and communication are crucial for fostering productivity and driving business growth. Zoho offers a range of tools designed to improve collaboration within teams and with external stakeholders.

Zoho Workplace provides a suite of productivity applications, including email, document collaboration, project management, and video conferencing. With these tools, your team can collaborate seamlessly, regardless of their physical location.

Efficient collaboration translates into faster decision-making, reduced project timelines, and improved overall productivity. By harnessing the power of Zoho Workplace, your business can cultivate seamless communication and collaboration, fostering an environment where employees can work together with utmost efficiency and effectiveness. This synergy among team members translates into improved outcomes and a tangible positive influence on the bottom line in the next two quarters.

Data-Driven Decision Making

The realm of data analytics and business intelligence has become increasingly critical for businesses seeking to gain a competitive edge. With Zoho Analytics, organizations can unlock the power of their data and transform it into actionable insights. By harnessing this advanced analytics tool, businesses can make informed decisions, monitor performance in real time, and proactively plan for the future.

Zoho Analytics empowers users to delve into data sets from various sources, including Zoho’s suite of applications, and extract meaningful information. With its intuitive interface and drag-and-drop functionalities, even non-technical users can effortlessly build customized dashboards and reports that provide a comprehensive view of their business performance.

By monitoring key performance indicators (KPIs) in real time, businesses can gain immediate visibility into their operational efficiency, sales performance, customer satisfaction, and other critical metrics. Zoho Analytics allows organizations to configure and track KPIs, set up automated alerts, and receive notifications whenever a KPI deviates from the desired threshold. This real-time monitoring enables prompt action, ensuring that any issues or opportunities are addressed promptly.

Additionally, Zoho Analytics offers predictive analytics capabilities, empowering businesses to forecast future trends and outcomes. By leveraging historical data, organizations can uncover patterns, make accurate predictions, and identify potential risks or opportunities. This proactive approach to decision-making allows businesses to optimize their resource allocation, refine their strategies, and stay ahead of the curve.

Automation and Workflow Optimization

Automating repetitive tasks and optimizing workflows can significantly enhance productivity and efficiency while reducing costs. Zoho provides a flexible and customizable automation framework through its integration and workflow automation platform, Zoho Flow. With Zoho Flow, businesses can create custom automation workflows without the need for coding knowledge. By integrating multiple Zoho applications, data can seamlessly flow across departments, automating cross-functional processes and ensuring a cohesive operational ecosystem.

Zoho’s automation features go beyond basic triggers and actions. The applications offer conditional logic, enabling businesses to set rules and conditions for executing automation workflows based on specific criteria. Additionally, Zoho applications support approval processes, allowing for multi-level approval workflows for efficient decision-making. Collaboration and notifications functionalities ensure real-time communication and keep stakeholders informed about task progress and updates.

Businesses can achieve cost savings, allocate resources more effectively, and focus on strategic initiatives that drive growth by taking advantage of Zoho’s advanced automation features and customizable workflows.

Scalability and Cost-Effectiveness

As your business grows, scalability becomes crucial to managing costs and maximizing profitability. Zoho’s cloud-based software offers scalability that aligns with your business needs. Whether you are a small startup or an expanding enterprise, Zoho’s flexible pricing plans allow you to scale your operations without incurring significant additional costs.

By leveraging cloud-based solutions, your business can eliminate the need for costly hardware infrastructure and maintenance. With Zoho, you benefit from automatic software updates, data security, and reduced IT overheads. This cost-effectiveness combined with scalability ensures that your business can adapt to changing market demands efficiently, supporting your bottom line throughout 2023 and beyond.

Conclusion

Zoho’s comprehensive suite of cloud-based business software offers numerous benefits that can positively impact the bottom line of your business in H2 2023. From streamlining operations and enhancing collaboration to enabling data-driven decision-making, automation, and scalability, Zoho provides the tools necessary to drive efficiency, reduce costs, and boost profitability.

By leveraging Zoho’s suite of applications, your business can achieve improved productivity, increased revenue, and sustained growth which will help your business not only to stay afloat for the foreseeable future, but be ahead of your competitors at all times.

6 Min. Read/July 14, 2023/by Team Descasio

Uncategorized

How Crypto Currency Has Changed the Landscape of Technology Globally

It wasn’t so long ago that the first cryptocurrency, Bitcoin made its way into our consciousness becoming by far the most revolutionary digital innovation in the 21st century. The digital coin, created under the pseudonym Satoshi Nakamoto, was launched in 2009 as a reaction to the 2008 financial crisis that caused a recession.

Since its inception, its (Bitcoin) price has swung from a lowly $0.0008 to a massive high of over $60,000 in 2021. To put in a mind-blowing context, if you bought 100 Bitcoins in 2010 which was worth a paltry 8 cents then and kept it till now, that Bitcoin will be worth a whopping $4.7 million! Such massive returns within a very short period are almost impossible with conventional investment

READ: 11 Cryptocurrency Acronyms And Terminologies You Must Know In 2022

What Is Cryptocurrency

As earlier stated, the epic financial crash in 2008 has pushed folks to sort for other less controlled financial options which inevitably heralded the era of cryptocurrency. The idea behind cryptocurrency is to create a decentralised system (completely independent of centralised organisations like banks and government) for financial transactions using digital currencies. Over the years, there has been an explosion of digital currencies with different use cases

Before Bitcoin, there had been previous attempts at creating decentralised digital currencies with ledgers secured by encryption. For example, B-Money and Bit Gold were formulated but never fully developed.

Global Cryptocurrency Ownership

At the end of 2021, cryptocurrency users across the world grew to almost 300 million. If crypto users were a country, it will be the 4th most populated country in the world behind China, India and USA. The global user base of crypto has massively increased by nearly %58000 between 2016 and 2021. It is expected that the total users could explode to 1 billion by the end of 2022 based on projections.

These numbers show the increasing adoption of cryptocurrency for payment transactions and investment purposes over conventional payment methods. It also shows the middle finger given by people to the financial establishment.

Top Cryptocurrency Countries

India has the highest number of cryptocurrency users in the world. The South-East Asian country has more than 100 million users – 33% of the total global users – at the moment. This is followed by the USA, Russia, Nigeria and Brazil with 27 million, 17 million, 13 million and 10 million users respectively according to data made available by Triple-A, a cryptocurrency payment platform based in Singapore.

The data also reported the countries with the highest percentage of users per population. The number country on the list is Ukraine with 12.73% users followed by Russia, Kenya, USA and India with 11.91%, 8.52%, 8,31% and 7.3% user base respectively.

The ease and

African Cryptocurrency Users

The continent of Africa has seen the most adoption of crypto among developing countries across the world. The continent has seen a 1200% ($105 billion in market value) increase in cryptocurrency payments from 2020 to 2021. This is not unexpected as Africans daily seek alternate means to bypass the ubiquitous and expensive traditional banking services.

The cost of remittances to Africa remains the highest in the world. It cost about $18 for an African living abroad to send $200, about 9% on average. The cost within Africa is higher, going up as much as 20%. Thanks to Crypto, Africans have found cheaper and faster means to send money to their loved ones. Remittance has been the rocket that has propelled the growth of cryptocurrency in Africa.

Another reason Africans have embraced cryptocurrency is the unavailability of foreign exchange to merchants who do business with their foreign counterparts. The forex crunch experienced by some African countries like Nigeria has driven merchants to source them elsewhere prompting them to create accounts on peer 2 peer crypto platforms like Paxful, Remitano and Binance.

The rate of cryptocurrency adoption is expected to be sustained despite the restrictions placed by some African governments. Talking about government restriction on crypto…

Cryptocurrency User vs Central Banks

The reaction of some African governments toward the explosive growth of cryptocurrency in their backyard has been nothing but hostile. Early last year, the central bank Governor of Nigeria, Africa’s biggest crypto market by size, restricted the use of crypto by ordering financial institutions from facilitating cryptocurrency transactions in the country.

This hasn’t deterred die-hard crypto users as the rate of adoption rose by 10% points to 42% by the end of 2021 effectively rendering the restriction impotent.

Other countries where crypto has been restricted or fully banned are Algeria (complete ban), Bangladesh, (complete ban), Egypt (partial ban), Bolivia (complete ban), China (complete ban), Columbia (partial ban), Iran (partial ban), Indonesia (complete ban), India (complete ban), Iraq (partial ban), Russia (partial ban), Turkey (complete ban) and Vietnam (partial ban).

Big Companies Jumping on the Cryptocurrency Wagon

With over 300 million cryptocurrency users around the world, it’s no surprise big companies across industries from -Big tech to Insurance – are joining the revolution by adopting digital currencies like Bitcoin as a payment method. Even modest companies aren’t been left out in the revolution. According to a 2020 study by HSB, a cyber insurance and inspection company, 36% of small and medium businesses accept cryptocurrency payments.

PayPal users in the US can now buy, sell or hold a select few cryptos, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin. They can also pay with any of these aforementioned cryptocurrencies on the Fintech platform. On Amazon, you can buy vouchers with crypto through a cryptocurrency exchange. Tech giant, Microsoft accepts Bitcoin for its Xbox store credit. Credit companies like Visa and Mastercard recently announced deals with cryptocurrency giants Crypto.com and Coinbase. Social microblogging platform, Twitter allows its users to be tipped in Bitcoin.

Other companies that have adopted the use of cryptocurrency as a form of payment include Tesla (they recently stopped accepting bitcoin as a method of payment), Starbucks, AT&T, AXA Insurance, Expedia, KFC, Twitch, Wikipedia, Travala, Dallas Mavericks, Burger King and so much more. Even countries are getting in the groove as well with El Salvador becoming the first country ever to unprecedentedly make Bitcoin the official legal tender.

This level of acceptance by these companies across all industries has shown how cryptocurrency has evolved over the last two decades.

The Future of Cryptocurrency

With innovative concepts like Metaverse and Web 3.0 set to dominate the cryptocurrency space, the future of cryptocurrency is as bright as the desert sun. The market valuation is expected to double by 2030.

One of the driving forces for the crypto market at the moment is the exciting virtual collections of digital arts known as Non-Fungible Tokens (NFTs). The NFT market has seen astronomical growth in the past two years as the total value exchange peaked at almost $25 billion at the end of 2021. This growth is now inching closer in value to the traditional art market.

Another driving force is decentralised Finance (Defi) which has disrupted the entire centralised financial system operated by banks, Insurance companies and the government. These financial operations include earning interest, borrowing, lending, buying insurance, trading derivatives, trading assets, and so much more.

DeFi typically uses smart contracts which are automated enforceable agreements that do not need intermediaries to execute and can be accessed by anyone with an internet connection.

Examples of some of these DeFi projects that have sprung up in the last few years include Aave, Fantom, PancakeSwap, MakerDAO and Compound.

Conclusion

This is the right time for you to take advantage of the innovations happening in the cryptocurrency and blockchain space by adopting some of the solutions that will digitally transform your business in more ways than one.

7 Min. Read/March 31, 2022/by Team Descasio

Robotic Process Automation, Uncategorized

Helpful Remote Work Structure in 2021 and Beyond

Today, the world has, and is still experiencing some distinct challenges stemming from the COVID-19 pandemic, especially for business leaders and everyday employees. Whilst many businesses have been fortunate enough to weather the worst economic effects, one key issue remains the successful transition from an in-person workplace to remote operations.

Businesses that have only functioned within traditional offices may well have effective working practices in place, but this doesn’t always necessarily translate to keeping your team tight and productive when forced to move outside of the working environment your practices have been designed for. As a result, some previously successful businesses have found themselves on the back foot with a little struggle.

Let us examine the importance of structure to remote work and its positive impact. We will also look at some of the tech tools that can prove vital to supporting your structure in an increasingly digital-reliant workspace.

Why is structure important?

Any business leader knows that organization can mean the difference between success and failure. As the structures within the office are unlikely to be easily duplicated outside of it, the change to remote practices without a new structure in place can very quickly lead to chaos. In many ways, your staff rely on the structure of your business. Structure helps set the expectations for task completion, operational stability, and the culture of the business itself. Interrupt essential components of that structure, and there can be domino effects across all areas which is why creating a business continuity plan is so vital.

When an issue such as the current pandemic occurs, forcing a shift in operations, a continuity plan provides a road map to ensure the smooth transition to a remote working structure. Your plan minimizes unnecessary disruption for both customers and staff.

How can you create a remote structure?

We know that structure is important, but how can we go about creating it? Obviously, there will be nuances for each business, but there are some core areas on which you should be focusing.

These should include:

1. Workflow

Create a formal structure for how employees’ day-to-day workflow should look in remote circumstances. Clarify how this differs from usual processes, and why. Produce a step-by-step documented approach that makes it clear who is responsible for each aspect of a project, and set out a clear chain of production.

2. Communication

Away from the office, communication can be one of the elements that very quickly fall by the wayside. This can be disastrous. Clear remote communications policies should therefore be implemented. Adopt secure video conferencing solutions that are easily compatible with calendars and scheduling applications and ensure regular team meetings with staff. This structure should include adherence to a single, secure communications platform — this not only helps to keep important business data safe, but it also promotes consistency.

3. Trust

The structure for remote operations certainly needs to include robust and consistent elements. However, micromanaging can be destructive. Leave room in your structure for staff to have some flexibility — perhaps in their working hours or setting priorities. Being constantly monitored is not practical for management, and it gives employees the impression they’re not trusted. Provide them with the remote tools they need and let them work. However, part of your structure should also include regular reviews to assess how successful this is for each employee.

4. What tools can help?

The key is to choose tools that best suit your workflow, the assets you will be producing, and the needs of your staff. Part of your remote structure should include clarity on whom these tasks should be delegated to, and what tools to deploy to ease staff workload. For example, Microsoft Teams, Gmail, M365 etcetera.

Conclusion

Structure is a vital component of any business, but an unexpected shift to remote operations can make traditional office organization impractical. That’s where Descasio comes in. We are your plug to help with the heavy lifting – understand potential challenges your staff could face working from home, and then equip you with tools that automate tasks while building you a structure to meet the business and employee needs in the middle. Contact us today.

4 Min. Read/January 24, 2021/by Team Descasio