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Office Productivity Provider FileVision Sees Technology Adoption as Key Driver in Advancing U.S. SMB Market
ATLANTA, June 2, 2006 — From President George W. Bush’s proposed 2007 budget that would give the nation's 25 million small business owners the tools they need to continue to grow to the U.S. Census Bureau’'s citing that 60 to 80 percent of net new jobs in America over the last decade came from small companies, the indicators are strong that small- and medium-sized businesses (SMBs) will continue to drive the U.S. economy. As this market looks to take advantage of increased growth opportunities, office productivity solution provider FileVision raises the question on how the adoption of strategic technologies among SMBs will further advance the market. “Now more than ever, opportunities abound for the SMB market to adopt technologies that will advance their operations and expand their sales capabilities,” said Laurie Shufeldt, small business technology expert and VP of strategic business development, FileVision. “From information access management to storage to security, SMBs are focused on broadening the role of technology within their organizations. However, obstacles such as affordability, high implementation time, lack of IT staff and the ripple effect of technology upgrades continue to plague this market and stall its ability to realize the full potential of technology.” Technology vendors that respond to these challenges can help SMBs close the technology gap between themselves and large enterprises. For example, software as a service (SaaS) is being embraced by SMBs. According to the Yankee Group, a leader in technology research and strategic consulting, more than 60 percent of SMBs attribute lower expense rates and increases in productivity as driving factors for adopting software-as-a-service. “Because small businesses have limited IT resources, they’ll seek out vendors and channel partners that can help them realize the full potential of technology investments across their entire organization, even if they start with smaller, departmental deployments for proof of concept,” says Shufeldt. “Small business owners and singular departments in mid-sized organizations will often buy hardware or software to solve one specific business issue, such as automating accounting and financial tasks, but the real benefits of a technology and the return-on-investment (ROI) for small business results when a technology can be multi-tasked across every process as a comprehensive solution to enhance all aspects of the business.” For example, FileVision Reseller Banksys Management Inc. president Tim Martin said when his client Mountain 1st Bank & Trust, a North Carolina community bank, first implemented FileVision’s information relationship management solution, it was for the express purpose of keeping track of shareholder documents and data. The technology digitized and effectively organized the data, eliminating the need to produce and securely store paper copies onsite, saving the company time and money. “FileVision helped Mountain 1st Bank and Trust streamline a vital business process within just one department. Because of this, they are now using FileVision in the loan and mortgage departments to reap the benefits of the technology in other information-intensive areas of the organization,” said Martin. According to FileVision, small businesses are most ripe to take advantage of their new market focus by implementing and fully utilizing technology solutions that will advance their business at the same rate at which new opportunities arise to help it expand. Market motivators such as globalization, increased competition, rising fuel and health care costs, far-flung workforces and telecommuters, just to name a few, are forcing SMBs to embrace technologies that will give them a competitive advantage, save time and money, and increase information accessibility and the value of their organization. Business leaders who can get more creative and are willing to take full responsibility for the implementation of new technology solutions that align with their business goals are one step ahead of an evolving curve. # # # Media Contact: About FileVision |
