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DATA ENTRY

What is Data Entry?

As the term suggests, data entry is the process of entering raw data into your computer system. It transfers physical documents or printed pieces of information into an electronic database that can be accessed by any authorized person anytime.

5 Benefits of Accurate Data Entry for Small Businesses :

1. It is an integral component of information management:

You can’t manage your information well if your database is filled with errors. Accurate data entry prevents this from happening. It helps you in collecting, managing, storing, and delivering correct information to the right system. Gaining access to a consistent source of business information breaks down organizational silos, promotes good communication, and encourages

2. Your business operations will significantly improve

One of the important benefits of data entry is that it lets you build your data analytics platform containing information relevant to your business. In a survey, analytics enables 49% of businesses in creating better decisions. Meanwhile, about 16% say it improves their implementation of key strategic initiatives.

3. Develop better customer relationships :

Collecting your customers’ feedback allows you to assess their strengths and weaknesses. When you have access to reliable information that contains their inquiries or complaints, you can take the appropriate action to improve their experience with your business. At the same time, knowing which of your products are the most interesting to your customers lets you pinpoint where you need to focus more.

4. Improve your sales and marketing efforts :

A clean database contains valuable customer information that your sales and marketing teams can use in crafting messages targeted at various customer segments. For your email campaigns, your marketing department can send appropriate messages to the right person. For your cold calling and lead generation efforts, your sales department can call active phone numbers instead of outdated ones. By giving importance to your data entry right at the beginning, you’ll not only make the process faster for your team but also make them more productive.

5. Maintain and improve your company’s value :

Faulty data can negatively affect your company’s full value. Keeping accurate records of your transactions and updating them regularly is necessary to maintain your company’s value, especially in the eyes of potential investors.