At the beginning of a new year, most people spend time laying out their resolutions and goals for the upcoming months. Personal resolutions tend to include eating healthier, getting back to the gym to lose those 10 pounds, or perhaps your focus is more on where you’d like to see your career take you. It can feel uplifting to set and reach for those objectives, but it’s not only your home life that is setting these goals. 2016 marks the beginning of a new calendar year, and for most, a new fiscal year as well. Companies are setting themselves up for a profitable year and creating expectations is as important for them as it is for you. While the end of the year is a great time to reflect on your past progress, the beginning of the year is a fantastic time to plan how you want your business to develop. Do you want a larger customer base? New leads? To save money? Higher profitability? Now is the time to craft strong and realistic goals for your company (and Cortex can help!).
So here are some tips to help you start the year off right:
Develop realistic expectations
We’ve all heard it before, set goals that are realistic. But what does that really mean? Being realistic about your objectives encourages permanent changes. While developing goals that are easily achievable can look good on paper, is it really bringing value to your company? How can we build a better product, team, or company as a whole? Striking a fine balance between too much and too little isn’t always easy but it’s doable. The Cortex Trading Partner Network reporting function is a great way help you shape your business by evaluating present or past information. Discounts, invoice statuses, and cycle times for your documents are some of the few categories that the reporting tool provides data on. Determining what your company’s strengths are and how to build upon them while also recognizing and combating your weaknesses in terms of your finances is a good place to start building your goals. Don’t be afraid to reach for more but be careful not to lean too far, only you know the limits your company has.
Understand that setbacks may happen
When we’re confronted with the day to day challenge of sustaining our goals, unexpected events may throw us off course. This can be frustrating and defeating. Having a plan for these inevitable setbacks is just as important as setting realistic goals. Always ask yourself “what if”. “What if this happened?” “Well in that case we should respond in this manner.” Having a contingency plan will make it easier to react to changes in your objectives and keep you on the right track.
It may not always be easy to react or become proactive which is why Cortex provides valuable support with our Client Success teams. These teams were built to help you reach your goals. With training and technical support available immediately upon sign-up, you can feel comfortable knowing there is help whenever you need it. We’ll also sit down with you to determine what your invoicing needs are and work with you to build an action plan. Helping you reach your goal is our goal.
While finding a balance between too much and too little in terms of your goals isn’t easy and mistakes can happen, learning from these mistakes will build a better company. Remember that not everyone develops the ‘right’ goals the first time. Through change and adaptation your company can become the best version of itself.
Take time now to invest in your future
Cost savings is generally a very large component of all businesses. Most companies want to build a better product or service without sacrificing quality (which can come at a price). But what if there was another way to save your company money and even improve efficiencies? At the risk of sounding like a Sales Representative, Cortex can help.
Cortex is a leading online network that helps companies interact with each other to grow their businesses through the augmented exchange of documents. Did you know that 74% of companies still receive and manually process invoices? Additionally, the average cost to process a single invoice using a manual process is $19.10. With employee and storage costs increasing, your total cost to invoice manually could be anywhere from thousands to tens of thousands to hundreds of thousands every year. Perhaps one of your goals in the New Year is to set up a new invoicing system? That’s why cortex provides several integration options that are scalable to any size of business. We work with your current systems to make managing your invoicing process a more automated and less tedious task so you can spend more time on what matters to your company. Whether you require a basic web account or fully automated end-to-end process management, we have the tools to help you get started.
Cortex can give you back your time and save you money for you to focus on more important goals of the New Year.