Juan Pablo Di Tommaso What happens in SMEs now with the slowdown in inflation, which marks between 2 and 3 monthly points?
In recent years, when uncontrolled inflation was dominant in the Argentine macroeconomy, the micro impact on companies and their pricing policies was direct. Historically, companies, in the face of inconsistencies or losses, They had the price rise variable to compensate for those losses in profitability.
And what happens now with the slowdown in inflation, which marks between 2 and 3 points monthly? Here is where today they are in trouble Because inefficiencies can no longer be compensated with price increases, because on the one hand, inflation is low, and on the other, due to the opening of imports, new players begin to appear that make the company more competitive than ever. It is the time where it is a ´must´ to do more efficient processes by incorporating technology.
SMEs particularly are the ones that are most “threatened” are for this “mandatory” to address a digital transformation. According to data from the Ministry of Economy, they represent as a whole about 65% of private employment and more than 99% of the total companies in the country, with more than 1.8 million human and legal persons registered in the Mipyme Registry.
Within this context, 8 out of 10 SMEs recognize being going through a digital transformation processaccording to the study digital transformation for SMEs conducted by Microsoft Argentina.
But what can we lead to SMEs to failure? The other day he talked to the owner of an SME who lost a whole production line due to a software error, which meant that the company had no profit. It is not only about incorporating technology, but also knowing the processes and starting from that know how to face digitalization. All systems must be integrated, from the stock record to the billing, from the payment of salaries and suppliers, to the costs of inputs. It is key to analyze the verticality of the business to achieve an efficient company.
How do you waste time and money for not have their integrated processes?
- Duplicate tasks: For example, one person loads one invoice, while another has to re -enter all the same data to make the payment.
- Incexed systems: The modules have to be able to dialogue with each other to achieve an effective flow.
- Calculation of the margins: Many times “variables are lost” about costs for not having all the information or the appropriate tool, and this directly impacts profitability.
- Regulatory updates: Accounting laws, among others, evolve and many times mistakes are made for not being updated.
- Information Security: The digitalization of the processes guarantees a data shelter.
It is essential in this historical moment of Argentina, to help SMEs boost their productivity because they were left without tools to be more profitable. The need to have efficient processes is no longer an choice, although the panorama is complicated because on the one hand they must take care of their margins and on the other, invest in technology or generate radical cultural changes within their organizations. But the point of having integrated processes is a port that at some point must arrive, not only not to continue losing, but also to grow.
Founder and CEO of Centum.
Source: Ambito
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