Intuit is launching an enhanced version of QuickBooks Online this week…and other tech news for small businesses

Here are five technology events that happened last week and how they affect your business. Did you miss them?

1 – The launch of QuickBooks Online Advanced aims to empower accountants and accelerate the growth of small businesses.

Intuit launched QuickBooks Online Advanced this week. New features include better analytics, automatic backups, custom roles based on employee work, and more automation to “set reminders for due date transactions such as invoices, payments or deposits with Workflows.” The new product will also allow users to “notify customers when payment has been received and send bills and invoices through pre-defined reconciliation flows.” (Source: Yahoo Finance)

Why it matters to your business:

And yet, my clients continue to complain that QuickBooks Online still doesn’t provide the full capabilities of the company’s on-premises apps, and they’re not thrilled about the lack of inventory and order management features. I’m a fan of Intuit, but the company needs to bring this online offering up to the level of some of its more advanced competitors if it really wants to be taken seriously as a platform for companies that have grown beyond the very small.

2 – Walmart extends its digital expansion with a new Roblox pact.

Walmart announced the launch of Walmart Land and Universe of Play. This digital expansion aims to leverage and monetize the number of Walmart customers visiting the Roblox online platform and storefront. Universe of Play and Walmart Land offer consumers entertainment, beauty and fashion in an immersive way. (Source: Pymntsi)

Why it matters to your business:

Like many other big brands, Walmart is entering the Metaverse. why? Because there is a whole generation of young customers who will spend as much time in the virtual world as in the real world. And buy products there too. Many of my clients, especially small and medium enterprises, are not taking this virtual universe very seriously right now. But they will be soon. I hope it’s not too late.

3 – Disperse, which brings AI-powered data to construction projects, just raised $16 million.

A British construction technology company Disagree recently raised $16 million in funding. The AI-powered platform helps project managers track projects and collect data from construction sites. Disperse also organizes all project details, such as schedules, plans and drawings, to help preserve digital records and ensure accuracy and efficiency. (Source: Tech Crunch)

Why it matters to your business:

It is a very advanced project management software that uses artificial intelligence for better tracking, alerting, workflow, automation and reporting. Honestly, this is probably more advanced than most small construction companies need. But if you want to be prepared for the future of project management platforms, this is a good app to review.

4. Here’s why you should download the big Windows 11 2022 update.

Microsoft recently released a major update for Windows 11 that is now available for download on your desktop or laptop. The update includes new features for gaming, accessibility, productivity, and security, such as a more efficient Start menu search, Focus and Do Not Disturb options, a built-in screen reader, and more. (Source: CNET)

Why it matters to your business:

Lots of cool stuff, but the real reason this new update is worth downloading is the same reason every Windows update is worth downloading: security. Each update contains the latest protection against the latest malware. Of course, there is no guarantee that you will not be violated. But each of your employees must use a fully updated Windows device when they connect to your network. By doing this, you will surely minimize the risk of a potential malware attack. And what will happen if you are attacked? See the next point.

5 – According to this survey, small businesses underestimate the recovery time and cost of cyber attacks.

A new survey by Nationwide Agency Forward found that 40 percent of small business owners believe a cyberattack costs less than $1,000, and 60 percent expect it to take less than 90 days to recover from an attack. However, data from Nationwide confirms that attacks can cost businesses between $15,000 and $25,000 and take an average of 279 days to recover. (Source: Insurance magazine)

Why it matters to your business:

That’s why your employees need to keep their operating systems up to date.

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