AI technologies have enabled virtual machines to automatically learn by picking up data patterns and using these to generate recommendations or address business concerns. These capabilities have made AI an essential investment for businesses looking to increase their productivity, efficiency, and profit.
If you’re a small/medium business owner or your company is not ready for a major technology investment, you can still benefit from AI solutions using various budget-friendly solutions.
1) ManyChat for Facebook Messenger Chatbots
If you’re looking to enhance the client experience with self-service support, and pivot your customer service team toward solving more complex issues, consider deploying pre-built or custom chatbots.
If you want to tap Facebook Messenger for marketing, ManyChat’s free plan allows you to have unlimited subscribers and broadcasts. Meanwhile, their Pro account, which costs $10 per month, enables you to collect subscriber data, link your chatbot to Facebook ads, and include buy buttons. You can even integrate your ManyChat bot with your other business tools, such as your CRM, email marketing, LMS, e-Shop store, and payment systems.
2) Microsoft Power Automate
Microsoft Power Automate enables enterprises to automate repetitive tasks and build multistep workflows across hundreds of applications, even without coding knowledge. With this tool you can automate your business processes by creating Power Automate UI Flows for both Desktop and Web applications.
UI Flows is one of the latest features by Power Automate (former Microsoft Flow) that provides Robotic Process Automation (RPA) capabilities. UI Flows allows users to automate repetitive tasks in Windows and Web applications.
Businesses can choose between a per-user or a per-flow license. The most affordable plan costs $15 a month and allows one user to create unlimited flows.
3) Intuit’s Quickbooks to Keep Track of Company Finances
This accounting software platform utilizes AI for several functions, such as scanning receipts to get key data and enter these into Quickbooks and forecasting daily cash flow requirements.
Self-employed individuals can use Quickbooks for $1/month for 12 months to track income and expenses, invoice and accept payments, estimate taxes, and run basic reports.
From User Experience perspective, when you sign on to QuickBooks Online's you get the home page with clear and very useful “dashboards” because they offer an overview of account balances, income and expense totals and charts, and tasks that need to be done. They also contain links to related activities, such as invoice creation and account maintenance. QuickBooks Online displays graphs for invoice and expense status, profit and loss, and sales totals, as well as account balances and a link to your audit trail.
Meanwhile, Quickbooks plans for small businesses start at $8/month, which already includes income and expense tracking, receipt capture, running reports such as profit and loss, and 1099 contractor management. Companies who need more users and additional features such as inventory and project profitability tracking and employee time tracking can opt for a Plus plan ($21/month) or an Advanced plan ($45/month).