
Occasionally, as part of work, I get out to the odd awards ceremony. The last one was the Financial Sector Technology awards in Park Lane. This is very much an event for large companies. Big IT teams. Projects with budgets of £100m are quite possible. Normally, not my kind of event, but we were nominated this year. RBS won, but the event was worthwhile as I got to meet fellow SME nominee Paul Turner from Advantage Finance.
That's Paul in the picture (right) with comedian Fred MacAulay. Paul's a lovely guy who deserves a lot of credit for saving his SME some serious manpower time - three people full time. He helped turn a largely manual process into an automated one by the use of a redesigned website; reducing manual processing and unnecessary duplication.
Paul's SME is not the only one that can benefit by the use of technology to save costs. In the past this type of technology was only cost effective for large companies, but costs have fallen dramatically. Staff cost (especially in the UK) is now often more expensive than the technology.
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