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Best Bookkeeping Services in Chicago for Your Business – ReadWrite

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bookkeeping services in Chicago


Business owners are still looking for resources that can help them prosper and extend their company to its maximum potential. They also try various approaches, such as outsourcing essential services, to achieve this.

Bookkeeping services in Chicago are one of the most important services that companies nowadays outsource quickly.

Bookkeeping services in Chicago

Small business owners find it difficult to employ full-time in-house bookkeeping workers to handle their workload. As a result, services are in high demand, and bookkeeping service providers are doing all they can to provide customers with reliable accounting services.

Best Bookkeeping Services in Chicago for Your Business

Finding a skilled and eligible individual at a reasonable price has become much more difficult in recent years. Accounting is outsourced by more than a third of small businesses. Surprisingly, most small businesses that outsource do not seem secure doing their own audits.

Despite popular belief, accounting and bookkeeping do not have to be performed inside the company. However, you must determine if you have the requisite skills and experience to perform this work. Also, does the team have enough expertise to handle the increased accounting responsibilities? To sum it up, 62% of all small companies believe they are overpaying their taxes.

Bookkeeping Basics

You need an accountant because you don’t have the patience or the skills to do it yourself. A bookkeeper essentially keeps track of cash inflows and outflows so that you can determine the level of business operation. Initially, the bookkeeper helps to align the company’s assets, liabilities, equity, sales, and expenditures.

Receipts are used to prove some of these points, while inventory is used to keep track of others. Assets are your tools for achieving your business objectives. This includes any money you have on hand to spend on other things. After your payments and other accruals, you’ll have liabilities. This includes payroll liabilities as well as any other credits you used to buy your assets.

Outsourced bookkeeping services in Chicago (like ebetterbooks dot com) will help your company develop into a profitable venture in a variety of ways:

  • You’ll have more time to concentrate on your job.

When you delegate essential responsibilities, you will devote more time to meeting your clients’ needs more effectively. You will develop your services and offer your clients more valuable work. You will be able to keep your one client for a longer period of time if you make them happy, and you will also get positive feedback from your pleased client. Much of this occurred due to you delegating the bookkeeping job to give more focus to your client’s needs.

If you’re operating a startup in a rapidly growing economy, you’ll need to stay focused and increase your productivity. If various accounting books constantly surround you, you won’t achieve a high degree of productivity. To achieve your business goals, you must devote your time to other essential tasks and delegate your financial responsibilities to an outsourced bookkeeping company in Chicago.

  • Errors are less likely to occur.

Since you are not qualified to operate a bookkeeping system as a business owner, you will have to spend twice as much time updating your accounts. You will be able to get transparent and correct accounting in no time if you hire outsourced bookkeeping services to manage your workload.

Furthermore, to comply with tax laws, business owners can be required to build several accounts and maintain multiple records, which may become daunting for a single individual. As a result, using the services of experts will help you reduce the chances of making accounting errors.

  • The availability of highly qualified personnel

It would be much more costly to employ a full-time bookkeeper for your business than it would be to hire an outsourced bookkeeping company. Furthermore, by recruiting a full team, you would be able to access the services of a diverse group of professionals. For example, you can use the expertise of an accountant and a tax consultant by hiring a single outsourced finance firm. While hiring both specialists separately would put a greater strain on your budget.

  • The most recent bookkeeping tools

You’ll need to buy new software to handle your accounting books online, and you’ll need to update them regularly because software quickly becomes outdated. As a result, when you outsource bookkeeping services, you gain access to all of the new technology and processes on the market. When you have your accounts prepared by experts using the most up-to-date software, you won’t find any mistakes in your accounting, which will help your company prosper financially.

  • On-time project completion

You won’t have to think about it once you’ve hired a bookkeeping service provider to oversee your job and set a deadline for completion that the outsourced firm will still deliver the job on time. This is since a full team of accounting professionals accompanies them. There is no assurance that the job will be done on schedule if your in-house accountant becomes sick or has to take time off.

  • Method of bias elimination

When the accounting staff and other office workers work together, there’s a good risk that one of your accountants will be manipulated by other team members to make any biassed dealings without your awareness. This would harm your company’s reputation and paint a false image of your financial situation. As a result, if you hire an outsourced bookkeeping firm, there would be no risk of biased account management.

Listed below are the five best online bookkeeping services in Chicago:

eBetterBooks is a Chicago-based accounting software company that provides startups, small businesses, and entrepreneurs with online accounting and bookkeeping services with a dedicated bookkeeper. Using emerging technology, they can leverage the company’s financial capital to the greatest extent possible.

They are a group of tax professionals, auditors, payroll experts, and billing experts who work with startups, small enterprises, freelancers, large corporations, and entrepreneurs. The average pricing starts at $49/- only. With eBetterBooks, you can save both time and money.

Online accounting is the next era of “internet accounting,” which automates a new way of keeping track of finances. Link your bank and spending accounts now to clean up your finances in a matter of minutes.

Xendoo’s professional bookkeeping team will 10x the efficiency of a conventional bookkeeper and CPA, thanks to Xendoo’s proprietary technology. It offers a monthly bookkeeping solution in collaboration with Xero that is powered by real-time data and, most importantly, real people.

The average pricing starts at $195/- only. Provide easy access to expert CPAs, stable pricing, and quick accessibility to financial data through technology. Company owners have what they need in their back pocket for on-the-fly access to finance reports, whether they’re heading to the boardroom or the home office.

You go through the same struggle year after year, staying up late trying to finish your taxes on time. It’s time for a change; leave your tax planning to CMW Tax Services Corp. When it comes to taxes, they make sure you don’t have to worry. They want to assist you in managing your company’s sustainability and provide you with the resources when you need them. The average pricing plan starts at $300/- only.

For small business owners, Bench handles their bookkeeping. And they do it in a way that no one has ever done before: by combining intuitive tech with real-life bookkeepers. The average pricing starts at $159/- only. It’s more than just crunching numbers for them. It allows entrepreneurs to devote more time to their passions.

LedgersOnline is here to help you with more than just organizing and managing your accounting and bookkeeping information. They transform the data into actionable insights at LedgersOnline to help small and medium-sized companies operate their operations more effectively and make better decisions in the future.

They understand that technology-driven professional accountants will transform your company, but they also understand that the human touch cannot be replaced. The average pricing plan starts at $250/- only.

That’s why they’ve put together a team of experienced CPAs, CGAs, and skilled bookkeepers to provide you with individualized service and support. When you work with LedgersOnline, you will be assigned a committed professional who will provide you with a custom solution.

When to Outsource Bookkeeping in Chicago?

Outsourcing bookkeeping and accounting, in our experience working with various Norwegian and Western businesses, works well when:

  • A small business does not require a full-time bookkeeper, but it does need someone with more qualifications than the receptionist or office manager.
  • An organization of any size would struggle to find a full-time employee with the necessary skills at a reasonable price.
  • Moreover, a growing business is still searching for ways to expand its accounting and bookkeeping services.
  • Temporary services are needed, such as extra assistance with end-of-year reports or a full-time employee on leave, maternity leave, etc.

Accounting Tasks You Should Outsource in the Future

  • Authorities and management must be informed.
  • Payroll processing services are available.
  • Bookkeeping.
  • Expenses payable (payments creation).
  • Receivables (accounts receivable) (debtors follow up).
  • Paystubs

Bonus piece of advice: If you employ a big-five accounting firm to conduct an audit, you can keep using the other firm for your bookkeeping and accounting. A CPA firm conducting an audit cannot also conduct accounting and bookkeeping for the same business due to the accounting profession’s independence laws and standards.

Things to Consider When Hiring Chicago Based Bookkeeper:

Until you outsource, there are five things you can look for.

Once you’ve decided to outsource, the next move is to find a firm that suits your objectives. But most importantly can meet your needs and requirements.

When it comes to outsourcing accounting and bookkeeping services, we agree that consistency and productivity should come first. However, there are a few more important things to remember.

  • What kind of bookkeeping services are you looking for?

    Is it to handle the account payables and receivables or plan end-of-month reports, balance sheets, payroll services, and reporting to authorities? Perhaps you need assistance in preparing bank reconciliations and analyses or simply entering data into accounting software? Whatever it is, you must have a good understanding of what you do yourself, what your in-house staff is accountable for, and what you want everyone else to do.
  • Cost-effective price range.

Every accounting and bookkeeping firm has its own payment structure. Some charge by the hour, while others bill on a monthly basis.

As a result, you should select the payment term that best fits your needs and expenditure. But don’t make your choice solely based on cost-effectiveness.

Check to see if the organization you’re considering hiring has the necessary expertise, professionalism, and credentials. Remember that you can still get referrals from former or current customers. Check out their industry credibility, financial stability, and, most importantly, their ability to deliver high-quality, reliable performance.

Data security, in our view, is critical when outsourcing accounting online services. The reputable firm protects the privacy of its clients’ information and ensures that each transaction is secure. It’s crucial because you’ll be sending them not only cash flow information but also sensitive information.

  • Service level agreement that is flexible and adaptive.

Accounting and bookkeeping service providers must demonstrate their willingness to adapt to the changing needs and requirements. We strongly advise that you read the terms and conditions before signing the contract to know how to cancel the agreement if you are unhappy with their work.

Conclusion

Bookkeeping services would free up precious time for you to concentrate on growing your company. However, you must first locate the online bookkeeping in Chicago, which can efficiently handle your confidential accounts.

Image Credit: Chicago photo, provided by the author; thank you!

Top Image Credit: nataliya vaitkevich; pexels; thank you!

Adam Denly

Adam Denly

Adam Denly is a business consultant, blogger, social media enthusiast, online market analyst at eBetterBooks. He has written on several topics including accounting, bookkeeping, social media marketing, SEO, content marketing, startup strategies and e-commerce. For a free accounting consultation, you can write to: support@ebetterbooks.com

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10 Blockchain Speakers Who Make It Easy to Understand

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Joel Comm; Blockchain Speakers


The blockchain and Bitcoin. Decentralized finance and smart contracts. Non-fungible tokens and play-to-earn gaming. The new world of Web 3 is a lot of things — but simple isn’t one of them. A few speakers manage to turn the complexity of the blockchain into concepts that are easy to understand and quick to grasp.

These men and women take questions from the audience — and have a coherent and logical explanation for anyone who knows enough to frame a good question. If you are creating an event and you want a great keynote speaker — whether in person or virtual — choose from this list.

Blockchain, Bitcoin, Decentralized Finance, Smart Contract, Non-Fungible Tokens, Play-to-Earn Gaming — Think of the Possibilities

When I study, listen, attend conferences, and get lists like this one ready — it’s a difficult process (no doubt, those of you in this business can relate).

I have listened to most of these individuals speak and usually put Joel Comm at the top of my lists because he’s so dang funny — although these speakers are listed here in no particular order.

Joel Comm
  1. Joel Comm (@joelcomm)

Joel Comm reached the blockchain world after selling a games company to Yahoo!, revealing the secrets of Google’s AdSense system, and explaining how to market on Twitter as soon as the “microblogging” platform was launched. With Travis Wright, he presents both The Bad Crypto Podcast and The Nifty Show, two podcasts that interview blockchain leaders and entrepreneurs, explaining their activities to a non-technical audience.

Igor Pejic; Blockchain Speakers
Igor Pejic
  1. Igor Pejic (@IgorPejic9)

Igor Pejic is the author of Blockchain Babel. He’s the former head of marketing at BNP Paribas Personal Finance Austria and a teacher at the University of Vienna. His experience in both the finance industry and in education has enabled him to translate blockchain technology’s jargon into understandable language and to explain why it matters. He’s seen how finance is responding to the rise of digital currencies and distributed networks, and he can explain it.

Andre De Castro
Andre De Castro
  1. Andre de Castro (@AndreTechExec)

Andre de Castro is a software engineer and a Bitcoin pioneer. He works with Fortune 500 clients, helping them to understand and prepare for the development of cryptocurrencies. He also contributed to a 2014 administrative ruling that enabled corporations and startups to trade cryptocurrencies in the US. He is an expert on the opportunities available in the blockchain world and, in particular, the possibility of earning through arbitrage across different trading platforms.

Anne Lise Kjaer
Anne Lise Kjaer
  1. Anne Lise Kjaer (@kjaerglobal)

Anne Lise Kjaer is an expert on trends. She’s the author of The Trend Management Toolkit and has talked to companies, including IKEA and Swarovski, about changing consumer fashions. The trends she’s discussed have included health tech and digitalization, but she also talks about fintech, how it’s changing, and what effect those changes will have on consumers and the companies that serve them.

Professor Lisa Short
Professor Lisa Short
  1. Lisa Short (@lisagshort)

Professor Lisa Short’s emphasis is on education. She’s the founder of Mind Shifting and the Frontier TechED Accelerator uses education to bring together small and medium-sized businesses and cutting-edge technologies. Lisa Short is also the director of Learning and Ecosystems for the United Africa Blockchain Association, which delivers blockchain and artificial intelligence education across Africa.

John Biggs
John Biggs
  1. John Biggs (@johnbiggs)

John Biggs is a journalist. Biggs has been an editor-at-large for TechCrunch.com and has written for publications including Wired, the New York Times, Linux Journal, and Popular Science. He is now news editor at CoinDesk, the world’s leading source of blockchain news, and has written books about blogging and online scams. He was also the CEO of fintech startup Freemit.com, adding real-world experience to his research and writing.

Sam Wouters
Sam Wouters
  1. Sam Wouters (@SDWouters)

Sam Wouters is a consultant at Duval Union Consulting, a consultancy firm, and is a co-author of the Digital Transformation Book, a guide to bringing digital workflows to large companies. He now focuses on Bitcoin and the blockchain, helping companies to understand how the technology works and what they can do with it.

Laura Shin
Laura Shin
  1. Laura Shin (@laurashin)

Laura Shin is the host of Unchained, one of the Web’s leading blockchain podcasts. She was senior editor at Forbes and the first mainstream journalist to take crypto as her full-time beat. She is also the author of the recent investigation of crypto’s early days: The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze. Her talks focus on the blockchain’s effects on ownership, online organization, and earning potential.

Tony Scott
Tony Scott
  1. Tony Scott (@tonyscottcio)

Tony Scott was President Barack Obama’s Chief Information Officer. He launched a 30-day Cybersecurity Sprint and directed the government’s cyber defense efforts. He also managed the net neutrality policy and oversaw the privacy issues that emerged from Apple’s suit against the FBI. He now runs the TonyScottGroup, where he gives enterprise-sized firms strategies to cope with and make the most of changing IT infrastructure and new technologies.

Elias Ahonen
Elias Ahonen
  1. Elias Ahonen (@eahonen)

Elias Ahonen’s 2016 book, Physical Bitcoins and Crypto-Currencies, was one of the first histories of digital currency. He is also the author of Blockland, a collection of stories about Bitcoin, blockchain, and cryptocurrency. He’s been active in the blockchain space since 2012 and runs a blockchain consulting company called Token Valley.

Here are a few articles for your reading pleasure and information — about these topics.

Blockchain, Bitcoin, Decentralized Finance, Smart Contract, Non-Fungible Tokens, Play-to-Earn Gaming

Most of these images were taken from the Speakers Linkedin Profiles; Thank you!

Featured Image Credit: Photo by Pressmaster; Pexels; Thank you!

Deanna Ritchie

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.



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How to Efficiently Onboard and Train Your New Hires

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Calendar


Quality employee onboarding is one of the most important things you can do for your business. You want your new hires to feel welcome and wanted as soon as they walk in. You need to give them an excellent first impression of your business and show that they matter. For many new employees, it’s essential to feel that there is a well-defined role and a clear career path.

Not only that, but a good onboarding process can make a massive difference to your retention rates and your revenue. Onboarding can also improve employee productivity and morale. And you save time and money when you don’t have to keep replacing employees.

Great onboarding starts with excellent planning. You really can’t wing it when it comes to training your new hires. Having planned training and processes for dealing with new employees is important.

Before hiring any new employees, plan out what they need to know and how you deliver it. This will also make it easier for you. For example, you’re not having to scramble to find something for them to do while trying to balance your own work.

You could also create an onboarding checklist for you and one for your new hires. This allows you to quickly know what to teach next and see clear progress and tick off what they’ve learned. It’s motivating for both parties. Even better if you have training software that allows for gamification. New hires can tick off modules as they finish them, see what’s next, achieve rewards, and more.

Once you have your onboarding training prepared, you can then use your calendar to plan it out and ensure success.

1. Set up a dedicated onboarding calendar

Many calendar apps will allow you to set up multiple calendars. So, for example, you can set up a calendar just for onboarding training, showing the full schedule.

This allows you and your new hires to look at your full calendar view with all your tasks and appointments and to look at just the training schedule on its own calendar when you need to.

It’s helpful to have both views. With the main calendar view, you can ensure no clashes and time to get to training sessions. And with the onboarding calendar, you clearly know the training and what comes next.

2. Share your calendars

You can coordinate together more efficiently by sharing your calendars. Your new employee will have other items on their calendar in addition to their onboarding training. For example, they may have previously booked medical appointments scheduled or a holiday that was already booked before they got the job. And there’s the work that they need to be involved in.

If you both share your calendars, you can easily be more flexible, if needed, and quickly rearrange sessions if something else comes up. In addition, your new hire will be able to see when you’re free, so they can book time if they need more help.

Encouraging your new employees to start, regularly use, and share their calendars is good practice for the future.

3. Set up your to-do list

Unless your only job is employee onboarding, you will have other work to fill your time. With your time split between onboarding your new hires and your everyday work, staying organized is essential. You can add a task/to-do list and make notes on many calendars to easily keep track.

This helps you balance your work with your onboarding duties. It also gives you a heads up if you’re going to have a busy week that may need extra organization and planning.

Another benefit of adding your to-do list to your calendar is seeing how much you’ve achieved. Ticking off completed tasks gives a nice hit of dopamine and is highly motivating.

4. Use time blocking to ensure you get everything done

When trying to learn something new, it can be easier to spend a solid block of time on it, rather than jump around over several sessions. Time blocking can be helpful to facilitate that.

However, time blocking involves splitting your day and week into blocks for specific tasks. This is a great way to combine your to-do list with your calendar. This can be a beneficial technique for ensuring you can fit in onboarding training and your regular tasks and meetings.

You can choose what works best for you with so many options and techniques. For example, time blocking could be one more helpful tool in your organizing arsenal.

5. Set up reminders

One of the best things about using a calendar and task lists is that you can add reminders to keep yourself on track.

When you are setting up your onboarding calendar, ensure you add in reminders where it’s helpful. This ensures that you don’t miss any meetings or tasks or your trainees.

When you’re busy, it can be easy to miss breaks and lunches. Adding reminders for these can ensure you take a breather when you should. It also provides that you don’t set yourself up for burnout.

6. Integrate with Trello

Some calendars integrate with Trello, a simple but effective project management app.

You can add tasks, checklists, and processes to Trello. It’s helpful to break down more significant tasks into smaller, more manageable tasks. It’s possible to tick them off when you’re done, which can help to motivate you and your trainees.

One other great thing about Trello is that you can set up boards and processes as a template. Then when you need it again, copy the template, rename it, and you’re ready to go.

Integrating this option with your calendar could help you manage your training better. You can also add team members and work on tasks together, aiding your trainees.

7. Bear in mind remote working

So many companies now allow remote working since the pandemic that you need to consider it. In addition, you may be training both in-office workers and remote workers to onboard them.

It’s important that your onboarding training includes your company culture and expectations, but it’s particularly important that remote workers feel part of your company.

Of course, you need to organize your time and calendar to ensure you can onboard everyone, remote or not. In addition to planning tasks and meetings, you’ll need to consider what technology you need, including cameras, Zoom, and more. Then, organize your tech in plenty of time for each meeting for success.

8. Start with a welcome pack

Once you know the start date of your next hire, add a task and a reminder on your calendar. Then send them a welcome email a few days before they start. You could even save time by writing a template for this email if you’re going to need it more than once. Then, you could set it up, keep it, and just hit send on the day.

If they’re based in-house, include practical information your new employee needs to know. Include directions, parking information, and a building map marked by their office or area. Add in where they can find vending machines or a kitchen for snacks and drinks. Include any local shops, such as bakeries or sandwich shops for food.

You’re starting them on the right foot before they’ve even walked through the door. And they will appreciate it.

Don’t forget your remote workers here. They will also appreciate a friendly, welcoming email with helpful information on start times and what to expect.

9. Use your analytics

Many calendars have excellent analytics. Office 365, for example, includes MyAnalytics, which provides information on various tasks and events. For example, you can see how many meetings you’ve had and how you spend your time.

This is helpful because you can see an overview of your onboarding training. You can check if you’re offering balanced training or leaning too heavily toward one subject. You can see whether you have covered everything or if there are any gaps.

Calendar analytics are equally helpful for improving your general productivity. You can ensure you still have the time to work on your own tasks as well as fit in onboarding.

10. Assess your onboarding regularly

Use your calendar to schedule follow-up meetings with new employees to get feedback on your onboarding processes.

Diarize time every year, at least once, to review your onboarding, look at feedback, and see how you can improve.

With quality onboarding so crucial for every business, it is vital to stay organized and on top of it. The right calendar apps can help you deliver onboarding well and keep improving.

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Featured Image Credit: Photo by Kampus Production; Pexels; Thank you!

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What Are Automated Guided Vehicles?

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Deanna Ritchie


Steam engines and conveyor belts are arguably two of the most important inventions of the industrial age. Moving water and coal by machine sparked groundbreaking changes in manufacturing. They allowed businesses to scale their production while saving time and resources. Many believe that automated guided vehicles represent the next logical step.

After all, without these innovations, the world as it is today would be impossible. The ability to move materials with ease contributed powerfully to the industrial revolution.

As time has marched on, more technologies have been invented to improve transportation, thus benefiting the manufacturing process. Many experts believe that the automated guided vehicle is the most noteworthy innovation as of late.

These machines are automatic vehicles with a guidance system that can use a variety of technologies to get from point A to point B without the need for a driver or human supervision. This invention has benefited quite a number of operations when it comes to manufacturing. AGVs can routinely and reliably transport materials from one place to another.

How Automated Guided Vehicles Work

Of course, the future of manufacturing is unknown, but it is constantly seeing upgrades from technological advancements. An automated guided vehicle (AGV) is a robotic solution to many industrial problems. It is a portable robot that moves along marked lines or wires on factory floors. It achieves this by using radio waves, cameras, magnets, or lasers for navigation.

The technologies used by each AGV differ based on design. Technologies such as LIDAR help AGVs in routing, navigation, and traffic management. Cameras help in monitoring obstacles and optimizing the path. Sensors also help in mapping the space and navigation.

Automated guided vehicles run on optimized technologies such as laser-based navigation systems and camera-based navigation systems. Both of these enhance the operation and help with better routing, traffic management, load balancing, and battery management.

These advances help make the systems safer for humans on the factory floor, as AGVs can stop if they sense someone or something is within their set path.

Laser-based navigation systems are one of the most popular types of routing and mapping systems in the industry today. Engineers pair camera-based technology with laser technology as an add-on feature. Cameras can detect the presence of traffic and easily identify obstacles better than lasers.

Camera-mounted automated guided vehicles are also extremely useful when humans are operating the system. It provides a much better view when users take the vehicle for new routines or a manned operation.

Industries Utilizing Automated Guided Vehicles

AI and self-driving cars are predicted to be the future, even in industries such as construction. However, some industries are experiencing success with automated options, and others are still adapting to AGVs. Most companies use automated guided vehicles in industrial applications. They transport heavy materials around large factories or warehouses.

For example, they help factories move raw materials or pellet goods. These are made ready to be shipped or sent off to a warehouse. Techs automate their routes and schedules in a way that they carry out operations a specific number of times within specified time increments.

While industrial applications are most common, other industries use AGVs on a smaller scale. AGVs can be applied to move materials in food processing, automotive assembly plants, and the healthcare industry.

Within hospitals, AGVs are becoming increasingly popular. Technicians program them to move linens, trash, medical waste, and even patient meals. In recent years, the theme park industry has even begun using AGVs for rides.

Benefits of Using Automated Guided Vehicle

The world of production is moving forward. There are so many benefits of incorporating an automated guided vehicle. Here are some of the most notable perks.

1. Time Management

Most notably, automated guided vehicles help cut down on human resources. Otherwise, companies spend additional resources on transporting materials back and forth. This, in turn, reduces the manual errors that occur when lifting large loads.

AGVs also improve time management by automating the routines. A simple memory chip with a navigation system and an automated routine can help the users to save time throughout pickup and transport schedules.

The incorporation of more automated systems has also been shown to save money and add more leisure time for employees. When companies don’t burden employees with simple, repetitive tasks, they can focus on more important agenda items.

AGVs prove to be extremely useful as they can transport items to a certain location without the guidance of humans. Without the need for human guidance, AGVs cut down on human error.

2. Optimizing Transport

Transporting materials through robot-enabled machines helps in automating the transport of materials, withdrawing the need for other machines, forklifts, and techniques for load management. Delegating transport to an AGV can also protect workers.

Injuries from lifting heavy items or operating forklifts incorrectly are some of the most common injuries within the workplace. Having AGVs take on this responsibility could mean avoiding workplace comp claims and potentially losing good employees.

Somewhat ironically, self-driving vehicles become simpler and safer when humans aren’t around. Separating human tasks and automated guided vehicles can optimize the transport process in multiple ways.

3. Efficiency

Incorporating AGVs benefits the overall manufacturing process, as it involves fewer man hours on simple tasks, such as transport, and it diverts them to more useful operations. An automated guided vehicle cuts down on the number of staff hours or labor required to safely handle payload and take it from one point to another. This is easily done once the load is set up on the automated guided vehicle.

Companies know that these machines are sturdy, stable, and more efficient than humans, who can carry less and usually take longer. AGVs make the transportation process both cost and time efficient.

Automated guided vehicles are a simple solution to solve transportation issues, and their application has broadened during the late 20th century. As more industries look to incorporate technology to optimize their processes and improve efficiency, they may take advantage of AGVs.

Looking at how the manufacturing industries have been utilizing this technology for years can help industries that are choosing to incorporate this technology now learn best practices. Knowing what AGVs are and recognizing their benefits can help businesses decide if they’re right for them.

Image Credit: Ready Made; Pexels; Thanks!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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