{"id":50124,"date":"2024-06-14T10:49:55","date_gmt":"2024-06-14T14:49:55","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=50124"},"modified":"2024-06-14T10:49:55","modified_gmt":"2024-06-14T14:49:55","slug":"automate-this-what-your-small-business-should-outsource-to-ai","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/automate-this-what-your-small-business-should-outsource-to-ai\/","title":{"rendered":"Automate This: What Your Small Business Should Outsource to AI"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_single_image image=&#8221;50125&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<p style=\"font-weight: 400;\">Small businesses are familiar with hiring woes, especially with <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf\">unemployment rates<\/a> hovering on the lower end at 4 percent. Sometimes good help really is hard to find! To help bridge the gap between hiring and training human staffers, small businesses are seeking help from artificial intelligence (AI). The <a href=\"https:\/\/sbecouncil.org\/\">Small Business &amp; Entrepreneurship Council<\/a>released a survey <a href=\"https:\/\/sbecouncil.org\/wp-content\/uploads\/2023\/10\/SBE-Small-Business-AI-Survey-Oct-2023-FINAL.pdf\">that found<\/a> a large percentage of businesses adopting AI for a range of reasons, with 19 percent saying they\u2019ve used it for \u201caugmenting skilled labor or lack of access to skill labor.\u201d Some folks might see AI as a threat, but we\u2019re here to show that when you approach it with the right strategy, mixing AI in with human employees might just be the perfect path forward. Today we\u2019re breaking down a few of the key areas best suited for AI outsourcing\u2014areas you can implement AI without throwing a cog in the wheel of operations.<\/p>\n<p style=\"font-weight: 400;\"><strong>Inventory Tracking and Management <\/strong><\/p>\n<p style=\"font-weight: 400;\">AI is exceptional at driving efficiencies and profits through effective inventory management. It\u2019s hard for small businesses that deal with physical products to track inventory, especially if they\u2019re not staffed appropriately. But <a href=\"https:\/\/katanamrp.com\/industries\/retail-inventory-management-software\/\">retail inventory systems<\/a> can do the complex work of helping keep products in stock and lower costs. These systems are able to effectively forecast demand and create supply chain efficiencies, and they can also predict consumer demand and automate the reordering process, allowing businesses to maintain appropriate stock levels.<\/p>\n<p style=\"font-weight: 400;\"><strong>Invoicing and Payments<\/strong><\/p>\n<p style=\"font-weight: 400;\">When it comes to invoices and other billing-related items, AI has proven its ability to shine. AI systems are now able to take relevant details from invoices (think of customer information, quantities, prices, etc.) and feed this to billing systems automatically. That means saying goodbye to manual entry and all the potential human errors that could result, plus it\u2019s a huge time-saver for business owners. AI can also look at historical data, such as how and when your customers\/vendors pay you, and use this to optimize billing cycles or even predict payment delays\u2014in the long run this has the potential to improve your cash flow.<\/p>\n<p style=\"font-weight: 400;\"><strong>Routine Customer Service<\/strong><\/p>\n<p style=\"font-weight: 400;\">AI is able to automate routine customer service tasks while still maintaining a human-like interaction. The more repetitive tasks, like helping a customer make a return, are best handled by AI tools that can then free up your agents for more complex matters. One of the most frequently encountered AI tools used today would be <a href=\"https:\/\/www.intercom.com\/drlp\/nb-ai-chatbot\">chatbots<\/a>, which are online 24\/7 and can tackle many customer interactions simultaneously.<strong>\u00a0<\/strong><\/p>\n<p style=\"font-weight: 400;\"><strong>Email Content<\/strong><\/p>\n<p style=\"font-weight: 400;\">Research from <a href=\"https:\/\/www.marketingdive.com\/news\/ai-use-email-marketing-grows\/694731\/\">Ascend2 and RPE Origin<\/a> recently revealed that 57 percent of enterprise marketers utilized AI for their email campaigns. It\u2019s useful for personalization and retargeting, in addition to subject line testing and dynamic content creation. \u201cAI can enhance everything that works already, such as predictive analytics, open rates, clicks. That predictive component really allows you to be more efficient in your email marketing,\u201d <a href=\"https:\/\/www.marketingdive.com\/news\/ai-use-email-marketing-grows\/694731\/\">according to<\/a> Todd Lebo, CEO at Ascend2.<\/p>\n<p style=\"font-weight: 400;\">As technology shifts and advances, you can trust the team at <a href=\"https:\/\/www.arffinancial.com\/development\/?urlsource=blog\">ARF Financial<\/a> to keep you updated on the latest developments. From automating common tasks to driving sales through AI chatbots, we\u2019re only just scratching the surface of what AI can do for small businesses. Keep up with the trends on the <a href=\"https:\/\/www.arffinancial.com\/development\/blog\/?urlsource=blog\">Financial Pantry<\/a>\u2014your one-stop shop for all things SMB.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<span style=\"font-size: 13px; line-height: 15px;\">Your privacy is important to us. ARF Financial will never sell or rent your information to any third party.\u00a0<a href=\"https:\/\/www.arffinancial.com\/development\/privacy\/?utm_source=Outbrain&amp;utm_medium=OutbrainBlog&amp;utm_term=Outbrain&amp;utm_content=GoingGreen&amp;utm_campaign=GoingGreen\">Click here<\/a> for more information about our privacy policy. Photo by <a href=\"https:\/\/www.pexels.com\/photo\/photo-of-family-smiling-while-holding-signage-4473309\/\" class=\"broken_link\">Ketut Subiyanto<\/a><\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;50125&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] Small businesses are familiar with hiring&#8230;<\/p>\n","protected":false},"author":5,"featured_media":50125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[698],"tags":[398,402,1275,400,399,443,386,535,220,213,401,224,222,172,226,307,1178,142],"class_list":{"0":"post-50124","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-small-business-financing","8":"tag-affordable-business-loans","9":"tag-affordable-small-business-growth","10":"tag-automate-this-what-your-small-business-should-outsource-to-ai","11":"tag-business-expansion","12":"tag-business-growth","13":"tag-business-line-of-credit","14":"tag-business-loans","15":"tag-equipment-leasing","16":"tag-flex-pay-loans","17":"tag-line-of-credit","18":"tag-small-business-expansion","19":"tag-small-business-financing","20":"tag-small-business-funding","21":"tag-small-business-growth","22":"tag-small-business-loans","23":"tag-small-business-operations","24":"tag-small-business-owners","25":"tag-working-capital"},"acf":[],"yoast_head":"<!-- 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