Hospitality Management Software: How to choose the right one
When was the last time you stayed in a hotel while traveling? Was the experience pleasant or like a nightmare? We all have our fair share of experiences. Some hotels have left a long-lasting impression on us because of their amazing hospitality and service. Others, on the other hand, we'd rather forget. For years, hotel managers struggled to provide adequate service. They failed because there wasn’t much technology around. But now with hospitality management software, things have become much easier. Why do you need hospitality management software? A hotel is like an enormous organism. Like any other organism, there are several parts with particular functions. If one fails, the entire organism will collapse. The brain controls all the parts giving signals on how to act. Hospitality management software is the brain of the hotel. Back in the day, hotel managers used excel sheets or long notes to collect information and organize. It was a tedious process. In addition, there was a significant risk of synchronization disorder. But now with the invention of software, one can easily do this. You can coordinate with all the different departments of the hotel. You can keep track of all the ins and outs. Getting Ready to Make the Right Decision Before thinking of getting the right hospitality management software, you should create a framework in your mind. Think of how your hotel will operate in the future. Consider factors like scalability and functionality. Most times, people choose software without doing much research. So, let’s check out the things you should do before choosing the software. Recognizing the type of your hotel The majority of businesses fail miserably because the owners themselves don’t know much about the company. So, before choosing the software, you need to know what type of hotel you have. You have to evaluate factors like the location, services, and even the number of rooms. You may be wondering what's the importance of this? Well, when you know which components require greater attention, the software may adjust accordingly. Software Validity There are thousands of software providers out there. But only a handful of them are trustworthy. So, make sure you choose hospitality management software from the right provider. Also, consider what solutions you require from the software. Try to recognize the problems you are facing with your hotel. Then choose a software that offers solutions to them. Features of a Great Hospitality management software A great hospitality management software will open new doorways for your hotel. So, without further ado, let’s check out some features of hospitality management software. Covers most of your needs Every hospitality management software has some basic features like Reports and Channel management, CRM, and an online booking engine. But to make your hotel stand out, you need some additional features. Suppose your hotel has spa facilities for the customers. So, you need to have a separate booking and accounting system for collecting and managing the information. You have to make sure that the software is available for all sorts of integrations. Transparent Most software has different prices depending on the size and functionality of your hotel. Usually, the prices are between $1000 to $2500 dollars. But there is a bummer. At first, you may think that the software is perfect for your hotel. But gradually you realize you need additional services. Some software unlocks these additional features at a later stage when you pay them more money. That’s why you need software that is upfront with you. Make sure there are no hidden fees or expenses. A good strategy is to make your own property management system to avoid unnecessary fees. Highly secured When someone checks into your hotel, they will give their personal information to you. Your job is to protect them at all costs. If somehow their personal information gets mishandled, the customers will lose their trust. That’s why security is the topmost priority of hospitality management software. They use cutting-edge technology to assure the security of all customer data. But still unfortunate events can occur. Nowadays, hackers’ main targets are SaaS providers. They are trying to breach into their system to get their hands on all the data. So before choosing, test the security of the software. Check out how they are storing the data. Scalable At first, everything seems exciting. You want to launch your hotel as quickly as possible. You don’t think about the long-term plans. But this can be problematic in the future. Your hotel is going to be small in the beginning. Gradually, it will increase in size. When it happens, you'll need software that can keep up. If you only choose software thinking about the start, it won’t be much useful in the future with its basic features. As time goes on you have to incorporate features like third-party integrations and more. So, make sure the software has the capability to scale. Easy To use It may seem that software with too many features is a good thing but it certainly is not. When the software is complicated, your employees will have a hard time figuring it out. You may even need to spend extra money by training them or getting help from professionals. So, avoid selecting software that is difficult to configure or integrate. Choose a software with a sleek user interface that is easy to use. Final Thoughts With so many hospitality management software out there, it’s tough to find the right one for you. We have talked about the features of great software but how can you find them? The best way is to search for them online and use the trial version. If everything seems convincing to you, only then pay for it. You can also begin with a minimum viable product and gradually improve your system. The first few rides will be bumpy. However, you will soon glimpse the face of success.
10 Best Hotel Booking Apps: How to Find the Right One for You
Booking a hotel can be a big headache, especially when you have suddenly made a plan of going somewhere. But with many hotel booking apps available on mobile devices, remote hotel booking has been made easier than ever. But this has given rise to another issue, which is choosing the best hotel booking app. There are a lot, over hundreds, of hotel booking apps available on all platforms. Naturally, a few will be the best and most reliable. So here are our top 10 suggestions for the best hotel booking apps. Also, we have discussed some tips on how to find the right app for you. 10 Best Hotel Booking Apps Booking.com Booking.com is ranked one of the most popular hotel booking websites. It also has an equally popular and convenient smartphone app. However, some may find the search option inconvenient. There is nothing wrong really, it just shows hostels with the hotels together. So if you want to not book hostels, you will need to filter them out. It is a small matter. Other than that, the app is full of useful features. The most useful one is that you can view the address of the hotel in the local language. This can be very helpful when you are traveling to a new country and you don’t speak their language. Hotels.com Hotels.com is another great hotel booking app like Booking.com. What sets Hotels.com apart is that you get a free one-night hotel booking for every 10 hotel bookings you have made with their platform. It is a great incentive to use this app. Moreover, they have stretched their network of hotel bookings in over 150 countries and different territories. You can filter your search to the territories you want. So go ahead and try out Hotels.com Priceline Priceline is well-known for two things. One, it is one of the longest-running hotel booking services (since 1997). Two, it has a unique name for its price feature which allows you to do budget searches on hotels. The app is convenient and it is not limited to hotels only. You can book car rentals, flights, and cruises. It is like your 3600 booking app. We highly recommend it for those who are looking for budget hotel bookings. The name-your-price feature will be very useful for them, Kayak Kayak is famous for its comparison feature. You can get a detailed comparison of over 100 travel sites in one search. The search can be highly customized and you can even set your price threshold. Although the app is convenient and easy to use you will need to customize your search every time. Otherwise, they will show you the default results on top, which are usually high in price. Expedia The Expedia hotel booking app comes with many exclusive limited-time deals. You can get discounts on your hotel booking via their apps. However, the discounts are not available on their website. The app also lets you claim bonus points which can be used later to unlock more exclusive hotel booking deals. Moreover, you can book car rentals, flights, travel packages, and other services provided by Expedia Inc. through the Expedia hotel app. It is similar to Priceline. Trivago Trivago is a very popular hotel-searching app. You may have seen the commercial of this app frequently on television during sports events. Well true to the commercials, Trivago does search other hotel websites including Agoda, Expedia, and Priceline and show their price in a list for easy comparison. However, Trivago does trick us by placing some high-priced deals on top of the list with green colors and better deals on grey colors in the middle and bottom areas of the list. You need to be more careful while choosing a hotel deal on Trivago. Booking Buddy Booking Buddy is like Trivago. But unlike Trivago, it does not try to hide the best deals from you by showing the expensive ones on top. One unique thing about Booking Buddy is that it shows both hotel room and vacation rental costs together. Hotels Combined We would not be surprised if you have never heard of Hotels Combined before. It is a relatively new app in the accommodation business. But it is showing great potential with unique features. The best feature is that you can get more photos and details of the hotels and rooms you are booking. The other best feature is email notifications that alert you whenever your listed hotel rooms get discounts of over 10%. Hotel Tonight Hotel Tonight is best for last-minute bookings. You can book a hotel room for the same evening as the booking day. You can also book hotels up to a week before checking in. You can also get great discounts if you are lucky. Their discounts can go up to 50%. Agoda Agoda was previously a famous hotel booking app in Asia. But they have scaled up their game and come to the USA. Surprisingly, they are competing well against many top players in the hotel booking business like Priceline and Booking.com. Agoda frequently provides discounts on hotel bookings. Our recommendation about Agoda is to search for hotels in this app first. Then if you can’t find any exclusive deals, search for hotels in your other preferred apps. How to Find the Right Hotel Booking App Choosing the right hotel booking app may be tricky for you. But here are some tips to help you. User reviews and experience Pay attention to what other users of the app say in the review section in the AppStore/ PlayStore. It can help you find errors and eliminate the wrong apps. App features What exclusive features do the app offers that can be useful for you? For example, translating hotel locations in the local language. Search options Search filters such as setting your budget can be a great help in choosing the cheapest hotel deals. Conclusion So, that was our recommendation for the top 10 hotel apps. If you are having trouble choosing the right one for you, then check out our tips. They can surely help you out.
Must-Have Features in Home Maintenance and Cleaning Service Apps
When was the last time you cleaned your house? Our lives have grown so hectic these days that we barely have time for them. That’s why there is an enormous demand for home maintenance and cleaning service apps. Users can easily book a professional to get their house all neat and tidy. But you can’t just make a mediocre app and expect to get lots of users. You need to create an app with engaging content and great features. Only then people will start recognizing your app. 6 Must-have Features in Home Maintenance and Cleaning apps You may be thinking of developing an app that stands out from the rest. But the truth is there are thousands of similar apps already on the market. So, what can you do? Well, to compete with the rest, your app must have some phenomenal features. If you manage to do that, your app will look more appealing and will scale well in the future. So, let’s look at the must-have features in home maintenance and cleaning service apps. Search Option The first thing that everyone notices when they go to a website or an app is the search option. They want to search for their favorite keywords to get the results. Similarly, in-home maintenance and cleaning apps, users want to search for specific services. That’s why your app needs to have a search option where your users can search for different services. After searching, the app will display a variety of services related to the search. From there, the users can select and book the services as they wish. The services can be cleaning, painting, moving items, trash removal, and so on. When there is no search bar in the app, users will get confused. They will spend their time searching for the right services. Gradually, they will get annoyed. So, make sure your home maintenance and cleaning app have a search option. Listings and Reviews Keep in mind that the users are only interested in getting their job done. So, your app must have a list of professionals who have plenty of experience in the field. From the lists, the users can select the best ones for their services. Reviews are a great way for users to hire professionals. So, make sure your app has a review system where users can see the reviews and ratings of the professionals. You can mention their hourly rates as well. Try to be as transparent as possible with the users. Multiple Payment Options Imagine a user is looking through your home maintenance and cleaning service app. The user is convinced. So, he is going to book a service. But while booking, the user notices there aren’t many payment options available. So, he quickly closes your app and goes to another one. This kind of incident can happen when your app has a limited number of payment options. Users don’t always have a diverse range of payment options. They always look for options that they have access to. Your job is to provide as many possibilities as possible. So, make sure your home maintenance and cleaning service app have a versatile range of payment options. Options like PayPal, e-wallet, debit/ credit card is a must. Custom job options An app can’t have all kinds of services in it. But the users have needs of all kinds. Customers will frequently require services that are not provided by your app. In this kind of case, the custom job options can be a lifesaver. This feature allows the app users to customize their own specific services based on their needs. According to their needs, you can send the professionals. This way the customer will be happy and they will keep coming to your app. Push Notifications Push notifications are a great feature to interact with your users. You can notify them about future updates and offers. The main objective of this feature is to keep on engaging them to use the app. After using the app once, the users will forget to come back. Notifications will keep on alerting them about exciting news and offers so that they will click on them and use the services again. View Bookings Until the job gets done, the users will always want to know about the progress. With this feature, the users can view all the details about the bookings. They can know about the destination, time schedule, and even the payment structure. This way the customers will feel much more relaxed knowing that everything is going according to the plan. You can also communicate with the users to deliver solutions according to their requests. Tips for developing home maintenance and cleaning service apps Users always want an application that is easy to use. So, don’t confuse them with overly complicated user interfaces. Develop a sleek interface that has everything under one roof. Make sure the app allows easy booking and scheduling. Users will always be in need of maintenance and cleaning services. So it needs to have a rescheduling option as well. Try to provide the users with real-time tracking of the professionals. It will increase the credibility of your app. Don’t try to attract users with fake offers or services. It does more harm than good. Only include the services that you actually provide. Final Thoughts People are getting busier with their work. Times have become so rough that they hardly stay home. Most of their time they spend in offices. As a result, their houses are getting dirtier. This is where home maintenance and cleaning service apps come in. Your app can be the source of happiness in their houses. If you manage to incorporate all the must-have features, your app will always have tons of visitors. Who knows, your app might be the next Uber.
Must-have features in Physical Asset Verification Software
What Is the Purpose of Physical Asset Verification? The following are the goals of physical asset verification: To determine whether or not assets exist. Check to see if all of the documents mentioned are valid. Determine whether or not the asset’s condition as described is correct. One of the primary goals of verifications is to determine asset ownership and title. To demonstrate the correct asset and liability valuation. Control compliance. Ensure that purchased assets are correctly mentioned and that sold assets are excluded. To ensure that the asset’s true value is represented after asset value. Because assets may be misused or stolen, verification is performed to detect fraud. The Top 10 Most Important Asset Management Software Features for Small Businesses The ten key asset management software features listed here are essential for ensuring effective asset management in smaller businesses. They apply to all types of organisations and industries, including manufacturing, retail, construction, and transportation. Asset Lifecycle Management (ALM) Management of Inventory Technologies for Tracking Check-in and Check-out of Assets Management of Maintenance Management of Work Orders One Centralized System Asset Identification Management of the IT Help Desk Mobile-friendly and cloud-based Following are the ten asset management features that we have chosen for this guide: Asset Lifecycle Management Most asset management and EAM systems include effective asset lifecycle management. It is a software component that is aimed to help an organisation maximise the lifecycle of its marketable securities, from purchasing to disposal. Asset data management aids in determining the total cost of ownership of a given asset and informing long term planning and judgement. Understanding how much assets costs to maintain or replace, for example, is critical to a company’s bottom line. Management of Inventory For warehousing operations, inventory management can be a beneficial tool. It can assist in inventory tracking, management, and control from a single dashboard. A business can see stock levels at a glance and be notified when components and supplies are running low by doing so. Organizations can minimise depleting stock levels by knowing what is in their inventory and reordering new things only when necessary. Technologies for Tracking Assets must be tracked accurately in order to manage inventory successfully. Stock control and tracking go together. When used in conjunction with scanning devices, several asset tracking software capabilities include barcode, RFID, and Bluetooth tracking. The above-mentioned tracking technologies are appropriate for warehouse operations, whilst GPS tracking is typically employed to track fleet vehicle assets. Check-in and Check-out of Assets This software feature is highly valuable for tracking the location of assets as they move from one department to the next or from one location to the next. If a corporation has thousands of laptops, for example, it will need to know where they are located and who is using them. Asset check-in and check-out will keep track of whether an asset is accessible for usage and who last utilised it. They’ll be able to see which employee already has taken out the material if it’s not available. Management of Maintenance A Computer Maintenance Management System (CMMS) can assist a small organisation in doing regular asset maintenance. One of the most important features of CMMS software is maintenance management. It enables users to schedule preventive maintenance and routine inspections in order to avoid costly unplanned downtime and eventually transition away from reactive maintenance. This results in less overall downtime for assets, which can result in significant cost savings. Management of Work Orders Work order management software has several functions that are similar to maintenance management software. Work order management can help to standardize work requests, allowing the entire maintenance staff to see what’s going on. It can also help to make jobs more labour-efficient and boost reaction times significantly. For example, A manager may run a heating and plumbing company with a team of gas engineers on the road responding to jobs. The manager can use work order management to determine which engineer is geographically closest to a new job and assign it to that person. One Centralized System If a company is constantly expanding, an asset management software solution that integrates business operations like finance and HR can be beneficial. EAM software also allows a corporation to get a holistic view of all assets and comprehend their impact on other parts of the organisation. EAM can assist with planning and budgeting. Asset Identification Asset discovery is mostly utilised in software for IT asset management (ITAM). This function aids in the identification of all assets within a network. It can, for example, determine what software is installed on which machines. It can also assist in the diagnosis of IT equipment problems and the prevention of dangers such as malware before they become a problem. Management of the IT Help Desk The busier an IT department becomes, the faster a company grows. Employees must have access to operating IT equipment in order to conduct their duties efficiently. IT help desk administration tries to centralise support requests, allowing IT personnel to prioritise problems and respond appropriately. Mobile friendly and cloud-based Having software available in the cloud and as an app for asset management and maintenance management is useful for any size of business. This means that authorized staff don't need to be on-site to view and update critical business data assets. Instead, they can work efficiently from other locations, after hours, or on the fly. Conclusion Physical asset management necessitates asset auditing. Accurate audits allow you to know where your assets are and how they are doing. Performing a detailed audit flawlessly, on the other hand, might be time-consuming. Here’s where asset management software can help! It enables the organization to conduct audits quickly and efficiently. It uses asset tracking to provide you with precise asset location information (RFID, GPS, BLE, IoT, etc.) Get rid of any assets that are no longer in use. keeping asset theft and loss to a minimum.
Top ERP Software Solutions in 2022
Enterprise Resource Planning or ERP systems are applications that efficiently evaluate, interpret and perform the day-to-day activities of several departments of any organization. Using ERP systems, organizations can manage every business operation and process in a single system. It includes a multitude of modules like Sales and Marketing, Finance, Trade and Logistics, HR, and many more. All these ease out the business while streamlining processes and managing data. Every enterprise has silos, and each unit works in a unique way so, seamless information transfer between departments becomes challenging. Without proper enterprise resource planning, there can be a loss of valuable time, a lack of collaboration, and less flexibility in business processes. However, ERP systems can overcome all these challenges. These software solutions merge various departments and business units so that all team members can obtain the information in real-time. By reading further, you learn about the benefits of ERP software solutions and what are the most popular ones out there. Benefits of ERP Software Solution ERP systems have common databases that allow data flow from one module to another, and thus, one solution is utilized throughout the organization. There are few key benefits that ERP software provides to businesses, and these are mentioned below. It enables improved business reporting by providing reporting tools having real-time information. ERP system provides enhanced customer service with faster response times, access to customer information, order accuracy, and on-time delivery. It is also helpful in improving inventory costs and in avoiding issues like more inventory or less inventory. The ERP software elevates cash flow through improved invoicing and several collection tools to bring money faster. With inventory planning, procurement management, improved customer service, and vendor relationship management, ERP systems save a huge amount of costs. Automation of routine tasks, a smarter workflow, and better efficiency of business processes are only possible with ERP software solutions. People can leverage all these benefits after they implement the best ERP solution in their organization. Best ERP Solutions to Implement in 2022 1. Microsoft Dynamics It is an ERP as well as CRM software that is a perfect fit for industries such as retail, finance, manufacturing, etc. Over 200,000 people across the globe use the tool. One of the major features of Microsoft Dynamics is an in-built analytics module for generating reports and actionable insights. It includes third-party integrations with applications such as Lync, Outlook, Word, Sharepoint, etc. Along with Dynamics 365 and Marketing Cloud, it creates a closed-loop marketing system to analyze the marketing campaign results. Microsoft Dynamics offer a collaborative environment, extensive customer support, server-to-server authentication for data security, and many more. It is also compatible with multiple platforms and also enhances the visibility of KPIs or key performance indicators. 2. Oracle NetSuite It is a complete business management suite and ERP software solution that has over 18,000 satisfied customers. It is a highly reliable tool that enables automation throughout the organization with seamless integrations. The Oracle NetSuite helps in combining financial information with business intelligence for driving faster decision-making. It also provides the capability of forecasting, scheduling, and planning decisions. NetSuite helps in order management and production management by allowing full control over production schedules. The platform enables you to leverage the most from your investment in human capital. This is done by ensuring the right person gets the correct job. It has robust functionality, great scalability, support of multiple languages and currencies, around 100% uptime, amazing PRM, and others. 3. Odoo It is a comprehensive ERP software solution that also has applications such as project management, CRM, warehouse, and inventory management. Through inventory management, one can track the whole product journey. The software automatically ensures quality checks. It has customer portals for storing data of customers in an organized manner. It includes a centralized database of employees, and the automatic stock adjustment feature helps in maintaining stocks. Odoo offers various hosting choices like on-premise hosting, cloud hosting, etc. Odoo Community is free, and the platform is highly customizable. It has automated invoicing procedures and provides a 15-day free trial too. 4. Sage 300 It is a window-based ERP software solution and has more than 2 million users worldwide. The platform makes managing several accounts and companies quite easy. With Sage 300, handling international businesses has become less complicated as here you can maintain numerous currencies, exchange rates, and gains or losses automation from fluctuations. The software is a great inventory management tool as it takes care of returns, shipments, and adjustments. It provides intelligent reporting, KPI dashboards, and customer support and includes an array of integrations like Salesforce, Amazon, etc. This ERP system offers forums for sharing reviews, suggestions, and tips. 5. Syspro Syspro emphasizes streamlining business processes such as financial, inventory, and warehouse management. It is used by more than 300,000 global users. The software adopts advanced technologies for facilitating integrations. It provides core accounting and financial functions to diminish financial risk. It is a scalable solution that maximizes ROI and offers security management. The platform delivers real-time analytics modules, an activity dashboard, an intuitive interface, and instant business insights. 6. Infor It is a cloud-based enterprise resource planning software used by a plethora of industries like healthcare, manufacturing, and retail. It is created on a robust Infor Coleman AI platform. Infor includes a data analytics suite for providing actionable insights and handling multi-dimensional data. It enables workforce planning and scheduling so that the production requirements are met properly. With Infor, the hiring process becomes effortless as you can hire the right talent for the correct position. Moreover, it helps in maximizing asset performance, predicting failure, carrying out preventing actions, and streamlining several business activities. It offers cloud and on-premise deployment. The solution is highly customizable and enables excellent collaboration between different departments. Conclusion ERP software solutions are an integrated set of apps that helps in business management. You can select any of these best ERP systems for your organization depending upon several factors like organization size, cost involved, etc. It is also imperative to consider software that fits your company goals and budget.
Build vs. Buy a Software Solution - things to consider when making the decision
With the progressing software development taking place in the market right now, the dilemma of building a software from scratch or buying it from a team exists vastly throughout all the industries. Especially in the IT sector, the thought of building a web or mobile software solution all by yourself might mean that you can customize the whole function according to your needs. However, the effort and expertise put into developing a software might result in a big opportunity cost that could be utilized someplace else. On the other hand, buying a software saves you from that hassle and serves you with a designated software as well, but is it really what your company wishes for? Is it guaranteed to be satisfactory? Here’s the list of things you should consider before making the decision of building or buying a software. Budget and Costs To start off, let’s talk about one of the most essential factors while making a decision regarding a company- the financials. While preparing a budget, the management assumes costs like software development cost, maintenance cost, legal fees, and several others related to the software development. When you’re buying a software solution from a development team, assuming and predicting these costs are easy. The software development team hands you the list of costs you shall incur due to the purchase of the software, upon which you can make your budget and take the decision of buying from them or not. This method allows you to predict the financial values as close to the actual values as possible; a company’s financial objective primarily aims for the difference between predicted and actual value to be minimal- buying the software solution does that for you. On the other hand, building a software solution from square one tends to incur costs in places you might not even have an idea about. All the costs are distributed in various parts and not accumulated as one, unlike the purchase price you had seen previously. This further indicates the hidden costs of repair and maintenance that come along with the overall building cost of the software. Moreover, these expenses are on the unpredictable nature as they are difficult to assume properly. In addition to that, you have no full proof evidence that your company shall have sufficient funds to maintain the software after spending an unpredicted amount on the software itself. This makes the budget preparation tough as well, since the big gap between the predicted and actual values is inevitable. Time To Market The time to market of a company is the duration it shall take for the product (software, in this case) to reach the available market. With the IT sector, the time to market requires to be as less as possible due to the immediate need for the product. In this scenario, a company has to work fast and efficiently to serve the market with their desired software solution and to retain customers by taking less time to market. Building a solution takes time to plan and strategize the design, implement it in the process, ensure cost-effectiveness, and then go back to make further changes according to the market demand. This procedure takes at least a couple of months or years even, depending on the time taken and the qualification of the in-house developers. Whereas, buying a software from a third-party requires you to only integrate the software into your system and advertise it properly. This saves the month of work and alterations. Moreover, the software outsourcing development teams serve for the sole purpose of giving you the ideal software solution within as less time as possible; this is their job and this is what they do. Hence, their work and time to market tends to be quite less than that of an ordinary company. This is pretty understandable since other companies have other operations to carry out as well. Technical Literacy In the IT sector and overall software development, technical literacy plays a key role. As a firm, your in-house developers might have great efficiency and productivity, but does their technical knowledge surpass that of a software development company? The comparison should be carried out in details, as it gives you the definite answer if you should buy or build the software. If your in-house employees have the ability to build the software solution and carry out the whole procedure with successful integration, there’s absolutely no need to look for somebody else to do it for you. However, there are underlying issues that comes with building a software, which might not be a cup of tea for most in-house developers. If the lack of technical literacy emerges during those times of crisis, you shall incur time and money loss that’s non-refundable. In such a scenario, it is better to opt for purchasing a software at the beginning and utilizing the manpower to integrate it only. Core Business Objectives It all comes down to the resources you have as a company, and whether your core business objective is to utilize those resources. Companies with sufficient resources with the core value of implementing or creating new technology should most definitely opt for building their own software. It can be personalized according to your needs, and you do not have to wait for a third-party to make any changes for yourself. Moreover, you know the demand of your customer base more than any third-party ever will. Hence, building the software shall fulfill your objectives as well as provide customer satisfaction. Delivered Value Another vital factor to consider before making the buy vs build decision would be the delivered value of your software. A new software solution might not have proper functionality right off the hook, whereas a software solution that has been modified over the years by a team shall provide better outcomes. Bottom Line It depends a lot of your company’s nature and objectives whether you should build a software or buy it. While building gives you the personalization with no waiting time, buying a software reduces your time to market and overall costs. Choose the one that fits your company the best!
How Software Solutions Have Changed the Hospitality Business
Technology and software development has changed the way we view the world. Software, especially cloud-based software, has made things easier for everyone. They use real-time data management to provide live feedback. So how is this affecting the hospitality businesses around the world? You may have already experienced a few hotels with their very own online booking and management app. How was the experience for you? Software solutions are changing the hospitality business for all parties. Hotel managers, staff, reception, and guests. Everyone is getting the best of it. Allow us to give you a detailed walkthrough of these changes brought to the hospitality industry by software solutions. The Hospitality Business You may be surprised to know that the hospitality business or industry does not mean hotels only. Let’s define hospitality first. Hospitality usually means making someone feel comfortable and welcome with service and entertainment. The service can be shelter or food. Shelter and food fall under the hotel industry. Then again, restaurants can provide you with food and a place to sit and enjoy your food. So a restaurant also counts as a hospitality business, right? So basically, the hospitality business is a huge umbrella that includes hotels, restaurants, resorts, and even theme parks. Among these, hotels, resorts, and restaurants are able to implement software solutions effectively. Impacts of Software on the Hospitality Business Now let us summarize the changes brought to the hospitality business by software solutions. Personalizing the hotel experience Software solutions like cloud-based mobile apps are personalizing the hotel experience in every possible way. Nowadays almost all software has a customization feature. This feature can allow the user to select their hotel booking region, location, preference of the types of hotel, etc. Based on this given information, the server of the software can recommend the right hotels for them. Moreover, the software algorithm can pick up the user pattern of the user and recommend them the best hotels of their choice. Now on the hotel manager's end, they can customize their profile in the hotel booking apps and make the customer more welcome and engaged. This allows each hotel to personalize its profile and make its online appearance different from each others. A better presentation will give the hotels a competitive advantage over the others. The result is that the customers can choose their hotel with their personalized searches. And the hotels can attract customers with their personalized online presence. Real-time information Real-time information has changed the decision-making process of hospitality businesses. The hotel booking apps can provide real-time information on the status of the reservations. The customers can see how many rooms are available as well as live costs. Some software comes with cost calculators which will allow you to input your criteria and days of stay to see what costs you will incur. On the other end, the hotel managers can stay well informed about the guests in the hotel as well as their complaints. Using the data of available rooms, the manager can make discount announcements and offerings to new guests. The real-time information aspect of software solutions is making the hospitality industry more dynamic. VR VR, short for virtual reality, is slowly making a big impact in the hospitality business. VR is mainly associated with gaming and entertainment. So how does this software solution fit into the hospitality industry? VR can fit in very well in remote hotel booking. Some hotels have already utilized this tool. Just imagine, inspecting the hotel room that you are booking from home via VR technology. This can give you a practical experience of how the room is and you can then make up your mind whether to book it or not. Then in reception, you can have a virtual reality meeting with the receptionist and make your reservation. This will mimic the real-life experience of booking a room in real life. But wouldn’t all these be too complicated? For the guests/ customers, not at all. It is as easy as playing a VR game such as a virtual life simulator. On the other hand, hotels will have to deal with some complications at the start. But once the technology is implemented, it will require very little maintenance and the cost will be significantly less. VR is getting very popular in the hospitality industry and it can very much affect all the businesses under the umbrella of the hospitality industry. We wouldn’t be surprised to see it implemented in all other service industries outside of the hospitality business. Increase ROI and Customer Retention This one goes to the hotel businesses. Smart software solutions can increase their return on investment in many ways. Investing in new software solutions may seem very expensive at the beginning. We will admit that it is true, but the cost becomes significantly less as time passes by. Besides, if you have smart software solutions, your customers will love your service. You, as a manager, can also better monitor their needs and take care of them. This will increase customer retention. The next time the old guests come into town, they will be more likely to stay in your hotel. So, no effort has to be spent to bring them back the second time. So isn’t it an increase in your return on investment? Because of this higher return on investment, the hospitality business is getting more capital and they are evolving fast to provide better service to their customers. Conclusion So that is how software solutions are affecting the hospitality business and it is bringing big changes. The biggest change of them all is the digitalization of their services. Take VR for example. Now customers can take a peek at the hotel rooms remotely before booking them. The focus of the hospitality industry is also taking a turn. Now they put a good amount of effort into ensuring customer data security. What we are seeing is a revolution in the hospitality industry. We can hope for the best as we are seeing positive impacts in the industry.
Things you shouldn't do in SAAS Development
There is a greater number of challenges involved in successfully transforming an idea into a substantial reality. Identification of the risks and understatements over the pitfalls during the commencing stage of product development is considered a noticeable factor that determines the success rates of the software company as well as the tech companies all at the same time. It can all be boiled down to having a robust plan from the beginning along with foreseeing the features that would be derailing the progress here in terms of the efficient Software-as-a-Service development of the product. This post here curtails a few identifications of the highly serious SaaS engineering mistakes that can make the growth of the product stalled and keep it from achieving its complete potential. Not giving user-friendliness its importance It is considered as a simple equation when a product is not put to use as it is hard to handle them. There are times when the developers wish to highlight every feature they have been spending time that incorporated into their product with the help of their web app development skills. There are customers who might not be taking the complete benefit out of the capabilities that the products display. The users, however, may not even wish to explore every aspect of the product here. Every add-on feature will only end up making the product a lot more complicated. It is highly essential to aim for the core functionality of the product in terms of making it streamlined as well as user-friendly. Not factoring in the scalability. There is no SaaS business that should be bearing the scalability as their drawback here in terms of adapting to the success as well as the services like developing web app. You can check out the way the adoption of the technology curve is becoming here. You might not know initially the way the service curve appears here as you need to keep up to the scalability as their priorities from the very beginning here. You should be prepared thoroughly in terms of the adoption of the goals the abilities, along with the scenarios that are meant to scale over the various components of the services here. The damage would be done adequately to your business through the non-scalable services that are quite severe in terms of bearing them as you go live. Wrong Pricing Strategy The other uphill tasks included here would be the development of the SaaS product that would be determining its price here. Products are therefore sent into the harsh patches that would be struggling to attain the attention of the customers due to the improper strategy in pricing. The customers would be driven away if the products here are overpriced, and you will end up facing losses if you are undercharging here. The mistakes in the pricing will affect the conversion rate along with the brand image and also the profit. Failing in onboarding Never should you be focusing on getting a great number of people without having thorough planning while you are constructing a SaaS product. The digital plan for the software company would be aiding them to gain success with your product from the start since the users require a comprehensive digital strategy here. Neglecting competitions SaaS is considered as quite the disruptive trend of IT for which there is immense competition. Instead of being intimidated by your peers who are established, you need to adopt a strategy to follow, implement, as well as learn on the way they are attaining their success of the tech companies. Conducting the comparison research would be natural for your targeted audience before reaching out to the buying decisions. You can now figure out the ways in which you can attain an edge here by keeping a closer eye on all your competitors. Chipping-off Customer Service Growth is everything about attaining new users. But, one has to ensure that it never affects your existing customer line as you are gaining new ones. You will have to research the requirements of your customers and what they wish to acquire from you while you are building your product here. You need to keep them in the loop for looking at the way in which there will be growing into it if they are done in a proper way when you are considering the issues here. Not aligning to the Sales and Marketing. The concept of SMarketing generally transforms your efforts of subscription that can help you in acquiring the customers through the Alignment of Sales and marketing here. One has to ensure that the sales executives, as well as the marketers, are on a similar page here. You would also have to check out the frequently-asked questions of the customers being a part of your content marketing effort here. Failing to understand the Importance To Marketing Automation One of the critical parts of every SaaS business would be marketing automation. The business has to operate with the help of your marketing efforts that would be wasted if you fail to nurture over the prospects, qualifying the leads and turning them into your customers here irrespective of the niche. The efforts should be on track with your current sales and business cycle, and it should not involve any complexity. Failing to communicate Post Sale It is perhaps the commonest mistake on this list here. There would be instances while your pricing is a proper one with the pitching made over the right track while your business is evolving over at a satisfactory speed. Then your user is inclined through the sales funnel while there is something new or when a competitor arrives at your niche. They would also become their customer along with the sales funnel here. The Final Words It is a known fact that the SaaS business is quite competitive here, and you need not have to be perfect at the start with software development. You should, however, be able to identify the mistakes that you would be making on your way. You need to rectify your mistakes after identifying them before they make your business fail. Not every startup is a successful one, but one has to keep a note of all the mistakes that are mentioned above as you need not want them to become a reason behind your failure.
The Top 10 SaaS Business Ideas for 2022
We all are entrepreneurs at heart. The only difference is some foster their fire of entrepreneurship to start their start-up while others don’t care and go in other directions. They say entrepreneurship is hard now. That is true. Entrepreneurship is a trending phenomenon now, especially the SaaS businesses. This pandemic has proven that better. Because of that, everyone is racing to open their SaaS startups. But they are failing because they did not give it enough thought. So, in this article, we have listed the top 10 SaaS business ideas for 2022 so you can have a proper starting point for your SaaS entrepreneurship. Top 10 SaaS Business Ideas for 2022 Marketing Automation Marketing automation software services are increasing in demand every day. As the e-commerce industry is growing globally with new competitors entering the market, the competition is getting tight. Such tight competition can be overcome with appropriate online marketing strategies. That is where marketing automation can help by capturing large groups of audiences in one click. Not only e-commerce is utilizing marketing automation, but blog sites are also using them for more views. So, every website is a customer for your marketing automation start-up. Cloud CRM Software CRM, Customer relationship management, is another great SaaS business start-up for 2022. Why? It's because the demand for CRM is increasing ng daily as the e-commerce industry is growing. Entrepreneurs and online business owners are using this software for managing relationships with their increasing customer base. It is not too late to enter this cloud CRM software industry. You can start right now. But make sure you have designed a product that can stand up to the challenges posed by other big CRM startups. Cloud ERP System ERP systems, Enterprise Resource Planning system is another great SaaS business startup that can be highly profitable in the year 2022. This software solution for organizations and HR managers has already shown great potential in the market. Research shows that Cloud ERP systems will make $37.7 billion by 2024. That is two years from now. SO why not get on the Cloud ERP system startup train now? KPI Tracker KPI tracker is getting high demand both from an organizational and personal perspective. You know how KPI works, right? Based on our KPI results, we are given compensation in our jobs. But a lot of us find it difficult to maintain our KPI. That is why KPI software is high in demand. The average monthly revenue of KPI tracker SaaS businesses is nearly $200,000. Imagine how high it will become when the pandemic ends and the number of jobs will increase. So, it is a good SaaS start-up consideration for 2022. Tele Healthcare The pandemic of covid-19 has shown a dramatic increase in the demand for telehealthcare SaaS businesses. Moreover, people are getting more accustomed to the idea of telehealthcare. So, the demand for telehealthcare is continuously increasing. With new technologies in our smartphones and computers, telehealthcare is getting more streamlined. Even hospitals and professional doctors are getting fully involved with such platforms. So, it is a good place to put your money and start your very own telehealthcare SaaS start-up. Collaboration/ Team building Platforms The trend of working from home has given the rise in the demand for online team building/ collaboration software. With this software, employees can communicate with each other and work on a project live while also reviewing each other’s progress. The revenue of some team-building SaaS is hitting the millions. Although there are many big competitors in this SaaS business, the demand for something new is still on the rise. So, if you can come up with something new that the others don’t have, you can beat them in the competition and rise. Technology Skills Developing Software Technology Skills Developing Software services businesses. It is more like an e-learning SaaS business, but more focused on technical skills that an employee will need in their job. There are very few service providers in this SaaS sector. But the demand is high and increasing. So, you can enter this SaaS business sector and can entertain a bi number of crowds without much marketing effort. Accounting Accounting is another great SaaS business start-up idea for 2022. Though there are many accounting software in the industry, none of them are universally compatible. Because the problem is different countries have different rules in terms of accounting. So, if you can take up the extra effort on developing an accounting software that can maybe support all country settings in a continent, then there is a high chance that it will rank higher in the competition. So, if you dare to take on such a task, you should go ahead and start developing it right now. Capital Management As a subsection of accounting and ERP software, you can focus on the market of Capital management SaaS business. This software focuses on managing employee records and making payrolls according to their performance throughout the month. The industry is high in demand. Reports show that the Capital management industry is likely to hit $26.5 billion by 2024. Travel planner software The pandemic of covid-19 has impacted the tourism business. It has almost destroyed all standard infrastructure and business models. The traditional travel routes are no more, thus people cannot rely on the old methods anymore. So, this is a perfect opportunity to develop a Travel planner software that can inform the user of the real-time updates on their travel routes to make the appropriate accommodation and transportation arrangements. Conclusion So, these are the top 10 Saas business ideas that you can give a try for the year of 2022. We would say that there are a lot of opportunity windows open. 2022 will be like an economical reboot of the world as all businesses are rethinking their operations. So we highly recommend that you make use of this opportunity and launch your start-up. It may be small at the beginning, but in time it can become a multi-million-dollar business.
How To Get more subscribers to your SAAS App
Getting more subscribers to your SaaS App is one of the significant challenges that are being faced by the software as a service or SaaS business. When there is a growth in the subscriber rate, then the non-returning ones are the best ways you can make your SaaS startup expand. Else, you will be easily overthrown by the competitors. The potential base of customers for the tech companies is ever-expanding with each year, and this is a piece of good news here. The founders of the SaaS startup have gained access to their client base of over 4 million people who are making use of the Internet on a regular basis. It is now becoming easy and cheap than ever before in terms of developing a SaaS app. The main secret that is lurking behind most of the successful SaaS businesses would be the subscription model working here. The customers are mainly being charged on a monthly basis for the services rendered, delivered, and stored in the cloud. The SaaS startups can thereby reach out to profitable growth over a period of time by offering their constant value and keeping the customers hooked for a greater time through the subscription-based business model. The following are a few go-to techniques that can be implemented with the significant ideas, thereby increasing the customer base of your SaaS business: 1. Implementation of a referral program Trusting onto something that is recommended through friends instead of clicking over a random pop-up ad is human nature here. More than 80% of the customers here can find the recommendations of the friends becoming more convincing and meaningful. It can therefore work wonders in terms of increasing your customer base is the reason why the implementation of the referral program for your SaaS startup can work out few wonders here. It is generally considered a great way in terms of attracting greater signups to your platforms here. There would be several case studies out there supporting the fact that the referral programs would be bringing an instant surge over the customer base. If you are completely a new startup and need not have the necessary cash to spare, then you can easily provide a few other valuable services here. The foolproof plan for increasing your number of subscribers is through the implementation of your referral program. So, what more can you gain here? To make your customers return to you repeatedly, it can make your customers engage in something new like iOS app development. 2. Develop a robust content marketing strategy If you are looking to drive in a greater number of organic traffic to your SaaS startup, then you need to have a robust content marketing strategy. The cost of customer acquisition can be lowered, along with saving more money is effective through intelligent content marketing strategies. Creating educational and engaging content for your target audience, thereby increasing the trust of the brand, is the secret that lies here. The readers can therefore be converted into customers with significant power. Everyone is pretty impressed with the way Moz has created its reputation fort through the content here. There is an active blog with loads of authoritative guides and much more working together for the generation of potential leads. 3. Join an affiliate marketing site One has to join with an affiliated marketing website which is the other great idea in terms of increasing the signups on your SaaS startup. There would be nothing that is powerful as the top of the influencers having millions of followers to endorse with the software development company. You will gain over this opportunity by joining the affiliate marketing website, which is a great way to enhance the trust of your brand and also to increase your customer base. This is the tactic that is important at lowered-risk as you can only be paying with your affiliated partners after the sale is made successfully. 4. Implementing a clear and scalable pricing model There are several SaaS businesses that would be failing in terms of growing their customer base simply as their pricing model is quite high as well as complicated. The users would not have sufficient time in spending overages in trying to decipher every option along with the hidden layers there within agile development. There are also messy presentations that would not be of great help here as the main aspect here is in staying transparent and clear. You can ask your friends or even your groups to take a look at your prices and evaluate whether they are user-friendly or not. When it arrives at attracting a greater number of customers, never should you be underestimating the power of the right kind of pricing model of UI/UX design and development. The per-user model is the commonest one depending on the number of individuals who are making use of the SaaS. The model here is completely transparent and can be understood easily. The subscribers here would be enjoying their unlimited activities on the software while the software company is forecasting the costs. Bonus tip One can easily get lost with several of the SaaS startups who are fighting for the attention of their customers. One has to offer something more for the enticing people in terms of paying in order to stand out from the crowd. You can offer a free trial to all your customers; making them know of what they would be getting before entering in their payment details would be a bonus tip here. It will not be difficult in terms of converting them into paying customers while your users would be getting a taste of your business offering. Concluding thoughts The main aspect here is to continue experimenting with the smaller improvements. You would never have the idea of the smaller changes that would be increasing the rates and enticing a greater number of users in signing up for software development. To accelerate the growth of your SaaS business, every optimization here would be displaying their major roles. You can surely get your hands on some great rewards when you put these ideas into play as the most effective customer acquisition strategies. Increases your customer base now by making a jump start of making your business grow.