How well do you actually know you practice? Really take a moment to think on that. Of course, you are familiar with your day-to-day, but are you familiar with all of the inner workings of your employees? The systems they use, the administrative duties they perform, and the standard operating procedures for each sect of the practice?
If you answered no to any of these or you are unsure about another aspect of the practice, you are doing yourself a huge disservice. But why? Well, there are many reasons, but the one that we are touching on today is recognizing what may be an expense versus what is an investment.
Let’s start with the basics. The first thing you should reflect on is whether you have a good grasp on what money is flowing out of your business each week, month, year, etc. With the being said, you need to be able to identify all of your fixed costs, since you will be paying them no matter what.
Within these fixed costs, you need to identify two things: which of these are keeping the status quo and which of these are improving the status quo? Essentially, what is it that I am paying for just to maintain business and what is it that I am paying for to improve the business?
We promise, there will not be too many more thought experiments, because we know that you have already done some deep thinking! But if you find that the majority of your fixed costs are just maintaining the status quo, why is that? Is it that you are fine with how your business is currently operating? Is it that you do not know where to start when it comes to improving your practice?
Don’t panic if you don’t know! We are here to help. Essentially, you need to be proactive in constantly improving your business. If others see that you are ahead of the curve, they are going to look to you and catch up. So you have to make sure that you are prepared to innovate even further.
You need to be putting your money into more investments that shift the status quo, and less expenses that keep it the same. So what do you invest in?
One of the best tools to have in your arsenal is technology. Great technology makes your business more appealing to the customer, and in today’s world, everything is about user experience. Many people underestimate new technology and brush it off as an unnecessary expense. But a good practice uses technology to automate procedures, keep everyone connected, and make everything more efficient. The way we view it? It keeps you current, or even ahead. And you can’t afford to be behind.
If there is one thing that we want to be known for, it is caring about our clients. As a company that provides software to many different types of practices, we are working with experts in the field, and the input we receive is unmatched. In return, we want to give them the best possible software that they could use, with something that the competition doesn’t have: three user options.
We are constantly updating, testing, and finding ways to revamp our software, and we truly believe that putting our clients’ needs first has led us to where we are today.
Wise Option is special in many ways, one of them being that we operate under a three-application model. This model is very rare, and you do not see it very often. Not only can you access your centralized data center from one place, but you can also access it from three: desktop, web, and mobile.
At Wise Option, you’ve got options! Are you sitting in your office logging numbers? Hop on your desktop. Taking your laptop home? Maybe you want to use our WebApp. And if you are on the road for work, you can check your data from your phone! On each application, you will be able to access the same data, since it is all stored in the cloud. And in the event that one of the user interfaces fails, you can hop on another.
Yes, it’s convenient, but why does this make us special? Because if it was easy, everyone would be doing it. With many of these programs, you are locked into one application or will have a limited view from another. With Wise Option, gone are the days of redundancies and backup files that crowd the database. We approached it from a client-needs perspective, striving to give an excellent experience.
Does this mean that it is more costly? Yes. But we believe that you can’t put a price on your peace of mind. You are paying for mobility, support, and competitive advantage. Ultimately, your ROI is going to be higher in the long run. Make the switch to your wisest option.
When it comes to your practice, have you ever been overwhelmed? Be honest, we’ve all been there. Now, take it one step further. Why were you overwhelmed, and what could have helped you in that moment?
Now, I want you to picture yourself in better days, when your practice is working like a well-oiled machine. Incredible workflows, seamless communication, where the days just run smoother. Wise Option can get you there.
The reality is when the volume hits hard and we start to get stressed it is often because our methods and protocols are lacking and we either don’t have or are not correctly utilizing our support. This support could be software, it could be your team, etc.
This may sound trivial, but prioritizing your sanity is also a key component of your model. When stress is high, we can panic or rush to meet deadlines, which can lead to open gaps in data, missed charges, and unhappy customers. It is more than normal for overwhelm to come when your business is booming, and this is why it is so important to have a solid foundation in place.
Your methods and protocols do not have to be 100% perfect before you begin to implement them. At that rate, you will never start as there is always room to grow. Starting is the first step. We recommend having logs and books for everything and outlining each step of the process. Turn it into a system for everyone to learn. Ask your staff for suggestions, have monthly meetings, and pick their brain about what is working and what is not.
We understand that not every business can start off with software. However, once you are bringing in a considerable amount of volume, software is going to help immensely. And by the time you get to the stage where you need this software, you will have laid the foundation for a successful transition. Even better, when you choose Wise Option for your practice management software, we will be here to help you every step of the way. Check out our software today!
Not only does Wise Option save you money, but it also makes you money.
We have talked in the last posts about streamlining processes so that your business runs efficiently, thus saving you money in the long run. However, did you know that Wise Option actually increases your cash flow, as well?
This is a topic that we get really excited to talk about. There are so many features within Wise Option that offer maximum convenience and brilliant payment solutions.
Where your finances are concerned, you should be looking for safety, privacy, and reliability. At Wise Option, we’ll roll out the red carpet and give you all three.
Upon purchasing our software, you will be able to store payment methods within it. However, this will just be for your own use, as our team will never be able to access your card information since it is not stored in the overarching database. We are PCI compliant and can assure you that we will never see your full card number.
The virtual wallet allows for quick charges, convenient auto-posting into customer accounts, and automated electronic receipts. Gone are the days of collecting miscellaneous invoices and receipts to give to your financial manager. With our tools, you will be speaking the language of your accountant in no time.
It is easy as completing the profile online and paying the administration fee. We can assure you that the money spent on the fee will come back to you and then some.
It simply doesn’t get much better than this. Convenient wallet access and payments, secure storage, and ultimate respect for your financial privacy. We’ve done the heavy lifting on our end so you don’t have to. Check out our virtual wallet today!
Efficiency. We know, it’s such a cliché. We all seem to be thinking about or working toward being more efficient at any point in time.
But there is a reason everyone has efficiency on their mind: it makes things simple. Whether it is simplifying a process, streamlining workflows, automating entries, or something else, our businesses run better when things are simple.
At Wise Option, we want you to have all of the above and more, so that your business can be in the best situation possible. Whether you are a business owner or an employee, you do not want to be wasting time with redundancies, complicated flows, and blockers that will end up costing the company precious time and money.
As we mentioned in our previous post, Wise Option offers our software on three different platforms: mobile, web, and desktop. Since we are a True Cloud Solution, all of your data is going to sync to the same place. Whether you prefer to work from one, two, or three of our platforms, you will never have to worry about different data in certain places or unwanted duplicates. We’ve got you covered.
One of the many problems with inefficiency is that it is so costly. When you are wasting hours of your time on processes that could be done faster, you should consider yourself to be working for free. You could be supplementing that lost time with other projects if things were better organized, bringing in more profit for your business.
Wise Option eliminates those stubborn redundancies, as we are laser-focused on improving your workflow through logistical approaches. When processes aren’t standardized or a company is not using a True Cloud Solution, many items could be falling through the cracks. Data could be lost, corrupted, or stored over others. You may lose track of where you put what, furthering the amount of time and money spent on aspects of your business that should be standardized.
Killing two birds with one stone, unification, streamlining, call it whatever you want. Using Wise Option’s True Cloud solution is your shot at efficiency. Work smarter, not harder, as we are your wisest option.
If you are shopping around for a cloud service provider, let us help with your research. With many different cloud software platforms on the market, it can be difficult to not only decide on one but to also determine which are and aren’t true cloud solutions.
This is where we come in. Not only are we here to talk about Wise Option, but also talk about what you should look for when you are deciding on software for your business. You don’t need to be super technical and understand the ins and outs of programming to make this decision. Look out for these characteristics to ensure that you are not being deceived.
At Wise Option, we offer our software on a mobile and desktop app, as well as on a web browser. In short, there are two components to our Solution: the software and the database. When you are working within the apps or browser, whatever populates on your screen is known as the software. Clicking buttons, typing text, and switching between tabs all happen here. The database comes into play when you hit save, as everything is stored here. Your database is inside the cloud, in a specific server and repository.
The reason why we are harping on this is that, as we have mentioned, some programs can be deceiving. Some places simulate a cloud without having a true cloud. In these cases, the software and the database will be in the same place. When you are searching for a secure cloud, there is a large data center that only manages the database.
Here is a question to ask: Is your business creating a virtual machine and installing everything or are you partnered with a data server?
This is important because if they are creating it themselves versus outsourcing with a data server, you are not protected as it is not a true cloud. Data servers provide policies around redundancies, firewalls, encryption, and security. If you are investing in this for your business, you want to make sure that your data is safe.
A good rule of thumb is if the company offers a web browser option, you are most likely looking at a true cloud solution.
At Wise Option, we offer just this to support your business. Even though we have three different platforms, all of your data is going to sync to the same place. Do you usually prefer the desktop app but need to input something into the mobile version? No problem. You can access all of your data from any of these places.
When you find yourself shopping for your business, it is important to stay alert and informed. Ask the right questions and do your research. In the end, the elements of security, mobility, and efficiency will truly pay off.