Intelligent SME.tech Issue 46 | Page 26

// PREDICTIVE INTELLIGENCE //

2
TECHNOLOGY IS
TRANSFORMING THE FORMATIONS AND OPERATIONS
OF ENTERPRISES BY PROVIDING
TOOLS AND SYSTEMS THAT
AUTOMATE MANY OF THE
ADMINISTRATIVE
AND LEGAL PROCEDURES ASSOCIATED
WITH LAUNCHING A BUSINESS .
. Intellectual property protection
Keeping a company ’ s ideas and brand secure depends on protecting its intellectual property ( IP ). Entrepreneurs ought to prioritise :
• Registering trademarks for company names , logos and taglines
• Patents covering innovations and exclusive technology
• Copyrights for software and textual works that are original
• The protection of trade secrets for private company data
3 . Adherence to employment laws
Compliance with employment rules is crucial for companies that employ people . Vital things to know include :
• Creating thorough employment contracts and handbooks
• Being aware of wage and hour regulations to guarantee just remuneration
• Putting in place rules at work to stop harassment and discrimination
• Adhering to health and safety protocols
Leveraging technology for building your businesses
Technology is transforming the formations and operations of enterprises by providing tools and systems that automate many of the administrative and legal procedures associated with launching a business .
Establishing internal initiatives
After establishing the legal aspect , you will start setting up internal HR systems , accounting , processing salaries and communication channels , among other things . Let ’ s dive into how existing technology already helps in these areas :
• Internal HR Systems : payroll , benefits administration , compliance monitoring and onboarding can all be automated with current HR software
• Project management tools : Asana and Slack are two examples of apps that make teamwork and project management easier
• Accounting software : financial reporting , invoicing and bookkeeping are made easier by programs like Xero and QuickBooks
26 intelligent
. tech
Intelligent SME . tech