Businesses in most of the industries today rely on their IT infrastructure for delivery of their products or services. Despite this, business owners and IT managers face difficulty in figuring out the performance of their IT infrastructure and analyzing how that performance affects their bottom line at any given point of time. If you are wondering the same about your IT infrastructure, the answer to your queries is Business Service Management (BSM). Let’s discuss some aspects of Business Service Management and how it can benefit your business.What Business Service Management IsBSM is a way to monitor IT services so that one can understand its impact on the business’ bottom line. Through it, IT managers can monitor application performance so that they can identify, foresee and solve application bottlenecks. In case of larger organizations, the business owners and IT managers need to know which department if going to be affected the most in case of an outage, so that its impact can be minimized. Through BSM, the interests of the business can be protected by monitoring, tracking and managing the investment and operational aspects of the IT department. BSM hence ensures that IT processes are aligned with business processes for the maximum benefit of the business.How you can use Business Service Management for your businessIf your business depends on IT department for providing services or products or your customers, Business Service Management can be extremely useful to you. Even if you have a large company with a huge IT department, a BSM solution can help you undertake effective ITSM. When you have a Business Service Management solution in place, in case of a system failure, you will be able to know exactly where the error has occurred on a real-time basis. You will hence be able to analyze the financial impact of the failure as well as instruct the IT manager of steps to take to ensure that application performance is up to the mark.Some of the many benefits of a BSM solution for your business are:
It ensures application performance is up to the mark at all times
BSM also ensures the availability of business-critical applications
A BSM solution helps IT managers to ensure that service level agreement conditions are met
You can make IT service management easier with a customized BSM solution
You can understand the impact of a system failure on your bottom line through Business Service Management
A BSM solution will help you avoid downtime of applications by identifying bottlenecks and figuring out their cause
Through a BSM solution, you can reduce losses of downtime and improve productivity of your business
If you’re a small business owner considering outsourcing your bookkeeping, keep in mind that bookkeeping business services include much more than just keeping track of your finances. If you hook up with a true professional service they can become much more than an accounting service, they can become important partners helping you optimize not only your cash flow but planning your financial strategies. Here’s a short list of benefits and services you can expect from a full service bookkeeper.1. TimeActually this may be the most productive benefit of all the services an outsourced bookkeeper can provide. By taking over the responsibility of accounting, the bookkeeper service effectively gives you more time to do what you do best and that’s run the business. Accounting is an absolutely necessary part of a business but it is not a profit center and it plays no part in driving sales and revenue. Any time you devote to that function is time taken from engaging in an activity that can generate sales or profit.2. Financial forecastingUsing your firm’s financial history an experienced bookkeeping service can develop financial models that will allow you to play “what if” games that can predict your financial performance in the future. For example a business owner can ask what if sales increase 8% in the next quarter or what if the marketing budget is increased by 10% what kind of sales can be expected. This is a complex model that requires the knowledge of experts and would not be readily available to the owner unless he outsourced the function.3. Tax planningRunning your business to take advantage of opportunity to minimize tax liability can be the difference between taking a loss and making a profit. The same goes for licensing and other local fees. A knowledgeable service will not only prepare your returns but show you ways to reduce your tax bill.4. Real time reportingGone are the days of receiving monthly reports from your accounting service. In today’s business environment you need to know where you are financially right now and that’s what a professional bookkeeping service can provide. Thanks to ASP technology you can log onto your account using an ultra secure server and access all of your reports at any time and from any where you have an internet connection.5. Customized reportsYour bookkeeping service will work with you to build reports that make sense for your particular business. Profit and loss statements, sales reports, receivables reports, all can be designed so they present the information in a way that you can best evaluate your position.6. Assistance with lendersA sign of just how tough and competitive the economic times are is the expansion of bookkeeping business services into areas that they previously did not participate in. Assistance with loan applications or even introductions to lenders is an example of the “new” services being offered by many firms. Loan applications can be intimidating and confusing to many business owners and the accounting service can offer valuable assistance in insuring that the right, and best, financial information is included in the application.7. QuickBooks ConsultingEven if you don’t hire a bookkeeping service and you use QuickBooks in house to do your bookkeeping, you may find that the service can help you do it better. QuickBooks has added so many features and has become so much more than an accounting platform that it has created an entirely new support industry. If a QuickBooks customer wants optimal performance from his system, it’s likely he or she will need the advice of a certified QuickBooks consultant and the bookkeeping service is a ready, qualified resource.A combination of rapidly improving technology along with an increasingly competitive market has caused bookkeeping business services to evolve into something greater than the traditional accounting services. Smart businesses will take advantage of these services to remain competitive and optimize earnings.
What are the various business services that I should consider?
Business services include a whole host of services including client refreshments, postal services, copy services, meeting rooms and training rooms, telephone handsets and call packages, wireless internet access, purchasing discounts and others.The decision to opt for services are governed by your business needs. The trade-off is between engaging your own resources versus seasoned professionals of the service providers. The decision is between taking a longer time to get started versus getting started right away with the available and well oiled administrative services.Can business services be customized as per my needs?
The range of customization of business services offered depends upon the service office provider. It could be an off-the-shelf package that offers little or no customization or it could be pick-and-choose from the boutique of services provided.At a short notice the service options can be individually scaled to your changing needs and expanded to include the items and services that are most important to you.As an example, the services of a business centre can be tailored to very specific needs. As an alternative to the full-service office, various combinations of services can be provided as well. In addition, they offer a variety of standard services: copier and fax machine, access to meeting rooms with state-of-the-art conference technology, etc. Professional staff answer calls in the company name; welcome visitors and handle clerical or secretarial work. The advantage to the clients is that all services are offered on a pay-as-you-go basis. In other words, they only pay for services and facilities they are actually using.How much do I pay for it?
There are multiple different payment models for availing the business services. It could range anywhere from a completely variable option on a pay-as-you-go-basis, being partially variable or a fixed service with monthly, quarterly or annual payment options.How can a business centre support you?
Serviced office provider such as Avanta offer an attractive business service package with NO hidden costs, which give its customers a clear advantage above the competition. Their goal is to provide you with the business services you need when you need them.Business services for entrepreneurs or small businesses can be bundled with your physical office or virtual office membership at Avanta, and clients can purchase “Business Services on Demand” as needed. Avanta’s virtual receptionist will answer calls using your company’s customized greeting and route each call per your instructions. Each office at Avanta comes equipped with a full-service, IP-based PBX phone system featuring call routing, voicemail and low-cost long distance rates.Why don’t you combine various business services such as internet connectivity, client refreshments and postal services into a simple, monthly package? This gives you the ability to forecast and plan their total cost when taking using a business centre in Delhi.Listed below are some of the business services offered by Avanta India;- Client refreshments- Postal services- Copy services- Meeting rooms and training rooms- FREE high speed wireless & internet access in communal areas- Business support & purchasing- Bandwidth & telecom packages including free local and intra-circle calls- Telephony services- Internet connectivity