Microsoft 365 innovations across AI, payments, and collaboration tools help small and medium businesses grow
Microsoft 365 improvements throughout AI, bills, and collaboration tools assist small and medium companies develop
Updated 5/31/2023: The unique article covered promotionalpricing legitimate for the month of May 2023. This promoting has expired and
related detail has been eliminated.
Small and medium businesses (SMBs) inside the United States
continue to be the backbone of the economy, accounting for 99 percent of all
organizations and employing more than 60 million employees—nearly half of of
the US group of workers.1 From the upward thrust of far off work to the development
of AI, SMBs are poised to advantage significantly from a brand new technology of
generation to assist grow and scale agencies.
There are eleven million SMBs that now rely on Microsoft 365
solutions to help them reap more than ever. Read directly to learn extra
approximately new investments Microsoft is making to help SMBs gain more than
ever earlier than.
Microsoft 365
Reinvent productivity with AI
We are enthusiastic about our latest AI assertion with the
intention to transform the way you figure and streamline your enterprise
operations. Below, we are able to discuss what these new AI competencies
suggest to agencies like yours. We have also partnered with GoDaddy, PayPal,
and Stripe to convey you a first-of-its-kind Teams Payments app that helps you
shut new business and receives a commission immediately in Microsoft Teams
meetings; we will highlight a assignment enterprise app that facilitates your
employees better collaborate and create together; and proportion new safety
functions which can guard your team’s gadgets.
We are partnering with the Small Business Association to
sponsor National Small Business Week (NSBW) in the United States. As someone
who has a sturdy passion for the success of small businesses, I am additionally
thrilled to individually gift at the NSBW Virtual Summit and display you ways
your enterprise can benefit from AI to reap your business desires.
Get equipped to place the strength of AI to work for your
business
SMBs are unexpectedly turning into the new adopters of AI.
Businesses are the use of AI-powered equipment for sales and advertising and
marketing automation and enterprise operations automation. In reality, in a current
survey of 550 organizations with fewer than two hundred personnel, seventy two
percent said they're acquainted with AI equipment, with forty eight percentage
using them day by day.2
In March, we announced Microsoft 365 Copilot, to be able to
remodel the way you figure and unfastened you to consciousness on the matters
most critical to your commercial enterprise.
Copilot saves you time via automating recurring obligations,
streamlining enterprise workflows, and imparting treasured insights to help you
make the proper choices. It brings together your own information—your inner
files, shows, chat, and electronic mail—and uses it to help you draft emails,
summarize conferences, and greater. Let’s walk via a scenario that will help
you visualize a number of the methods Copilot can help small and medium
companies.
Drafting customer responses: A apparel shop owner asks
Copilot to summarize the morning’s emails, flag messages that encompass
purchaser remarks and supplier worries, and draft customized responses to each
inquiry.
Analyzing data: The shop proprietor makes use of Excel to
interrupt down sales by means of type and channel to decide profitability,
assignment the impact of increasing the shop’s on-line stock, then reformat
records into visible charts to version how inventory shifts may want to impact
the business’s gross margin.
Wanting to write a enterprise planning review, the
proprietor uses Microsoft Word to summarize client comments—pulling statistics
from electronic mail and Teams chats—in addition to integrate the
newly-analyzed statistics and decide the advantages of increasing on line
stock.
Creating a suggestion: Next, the proprietor asks PowerPoint
to draft a two-web page task thought to share with enterprise stakeholders,
based totally on purchaser remarks and the sooner analysis—then further uses
Copilot to summarize the records in only one slide.
Summarizing conferences: The store proprietor meets with the
retail keep team to talk about commercial enterprise strategies and asks Teams
to summarize key discussion factors and reviews and endorse action objects—all
in actual-time in the course of a assembly.
These are only a few examples of ways Copilot can gain your
business. To research extra about AI and Copilot, examine the Microsoft 365
Copilot weblog or deep dive into the era and science with Worklab: AI-an entire
new way of running.
Use the new Teams Payments app that will help you close
business and receives a commission
Getting paid for appointments, classes, and
webinars—essentially any meeting you host in Teams—has just end up less
difficult. We are launching the Teams Payments app, which permits SMBs to
easily control and collect payments from inside Teams meetings on your desktop
or cell device at some point of a assembly.
We have partnered with leading players within the payments
space to combine the center collaboration abilities in Teams with powerful
trade functions in this first-of-its-type app. With a mutual consciousness on
assisting SMBs prosper, we're excited to companion with GoDaddy, PayPal, and
Stripe to make it even easier for customers to engage with you and help you
receives a commission faster.
The Teams Payments app is currently available in public
preview inside the Teams Store for Teams Essentials and Microsoft 365 business
subscribers at no charge for companies registered within the United States and
Canada. PayPal and Stripe are both available today within the app; GoDaddy is
coming soon. Read more about this declaration in our Teams Payments blog.
Think, plan, and create together like never before with
Microsoft Loop
We currently released the Loop app, a brand new manner on
your personnel to prepare all of their venture desires in a single relevant
area—consisting of mind, hyperlinks, and documents. Loop even allows you get
started through suggesting applicable files to encompass as you begin a brand
new workspace. Its bendy interface facilitates you prepare your workspace the
way that works first-rate for you.
With Loop, your paintings isn't always confined to a single
area. You can turn elements of your workspace into Loop components, which are
portable pieces of content that live in sync throughout all of the places they
may be shared—be it in Teams, Outlook, Microsoft Whiteboard, or Word for the
web—allowing your teams to co-create and work together seamlessly as you create
lists, tables, notes, and more.
With the discharge of Copilot, you may quickly be capable of
use its competencies in Loop to higher ideate collectively. As you and your
teammates work, you could return to earlier activates, add language to refine
the output, and edit the generated responses to get higher, greater personalized
consequences.
The Loop app is available nowadays in public preview. Enable
Loop to your crew then visit Microsoft Loop to get started out.
Safeguard your commercial enterprise with safety answers
built for SMBs
Protecting your commercial enterprise in opposition to the
ever-evolving danger of cybercrime is critical, and we remain dedicated to
turning in safety answers that assist small and medium companies live safe from
cyberattacks. We’re thrilled to deliver new protection abilities to Microsoft
365 Business Premium and Microsoft Defender for Business to help make security
more accessible.
Defender for Business now simplifies safety for mobile
devices, protecting you from threats along with malware and ransomware on iOS
and Android—with out the need for accessories or tool management—supporting
your employees stay comfortable on the go.
Monthly safety reviews were added to assist simplify your
business’s security status across identity, gadgets, records, and apps and
provide pointers for development, close gaps, and instill confidence in
stakeholders.
To examine greater about these updates, study the
cutting-edge weblog and go to the SMB Security net page.
Looking beforehand
At Microsoft, we are devoted to turning in effective tools
that help you grow your small business. Explore our latest Microsoft 365
products that will help you get AI geared up, in addition to those useful
sources for SMBs:
1Frequently Asked Questions About Small Business, US Small
Business Administration, March 2023.
