Use Technology to Boost Profits, not Drive up Costs
Use Technology to Boost Profits, not Drive up Costs
by RUTH THOMAS - Dec 07,2015

Use technology to boost profits, not drive up costs.

It is obvious which computer systems you require; for example, every business has an accounting system but have you thought about what additional systems you can add to boost productivity or improve revenue?

Here is an example: suppose you operate a retail chain of stores. What is the optimal balance between the number of cashiers and the length of the customer queue? The accounting system cannot tell you that? To determine this, you would need a system to measure the length of the queue and the number of persons who enter the store. The optimal point is where the cashiers are not standing idle and the queue is not too long.

This min/max mathematics can be done for any cost analysis. A business consultant can help you determine which costs to study.



The rote, ordinary, daily grind of administering a business is made easier by computer software. Without it, businesses would be run with clerks wearing green-shaded hats making entries into heavy double-entry ledgers. Shipping companies would fill out bills of lading with a pen.

To think that any of this was once done by hand demonstrates the point that most companies do not think much about software except when it does not work. But a properly conceived system need not be consider a sunk cost with no possible payback period or return. A business can conceive of and install a system to drive down operating costs and boost gross margins.

The optimal business system is one that you design and build yourself. Of course you can purchase word processing software on the internet, but for logistical, financial, industrial systems, you should hire a vendor. Unless your business is software development or consultancy, you should not write software yourself.

About Geeks Ltd

Based in south London, we are one of the fastest growing software development companies in the UK. 

Our passion is business efficiency enhancement for our clients via smart application of automation techniques.We are winners of international awards for our innovations in business productivity. 

We have attained Gold Certified Microsoft Partnership level which represents our highest level of competence and expertise with Microsoft technologies as well as our close working relationship with Microsoft.At this level we have been granted access to exclusive Microsoft resources and support, access to the Partner Knowledge Base, and many other advantages which contribute to our capacity to meet our clients needs.