IT Managed Service Companies
Management of companies many years ago was very manual. This was before the existence of technology and technology based platforms. Inefficiency was the order of the day during the era of manual systems of managing companies. This however changed after information technology was discovered and started being employed in the running of companies.
There are two categories of companies in the world. First there are those companies whose core business is to deal with goods or tangible commodities. Goods such as cars and other industrial items are the main trading commodities for such companies. Secondly there are service companies that offer services only to their clients. These companies actually sell services to their clients.
There is a small difference when it comes to the management of service companies in comparison to companies that deal with tangible goods. The difference is more visible when it comes to employing information technology within the management structures. The use of an audit firm which is purely a service company would serve to create more clarity in this matter.
Audit firms carry out the service of auditing for their clients. In such a situation, technology only aids in management of the entire process of auditing since there are not tangible goods to be managed. Information Technology mainly works by the use of software. The software must be designed in such a way that it facilitates the work of the specific company that requires it.
Different operations of the service industry can be done by the use of specific software designed for the task. Data storage is one among the key functions carried out by computer software for service industry. Service information can only be stored using data on an appropriate platform. The case of companies dealing in goods could be different since one can use the goods as evidence of transaction.
Networking is the other key feature of software used in running service companies the world over. Services do require regular and orderly tracking of the steps being followed and transmitting it accordingly. Case example are the different steps that must be followed during auditing by an audit firm. Analysis of financial records of the company under audit is the first step in most cases. The other department could deal with taxation and remuneration. This would culminate in the final audit of the company.
Software can be used to manage the above named processes. The software serves to ensure that efficiency is at its highest level. Researchers posit that the use of Information technology could boost efficiency of the company by over 50%. With efficiency it is clear that the company would definitely end up performing better either immediately or in subsequent financial years.
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