Small businesses struggling to embrace digitization must take the first step to adopt technologies says Teamleader Once the digitization journey has begun the benefits are quickly realized Teamleader which recently announced 22 million in Series C funding provides Software as a Service SaaS to small businesses in the beginning stages of their efforts against paper According to Teamleader product owner Pieter Reel entrepreneurs understand the need to adopt technology even if they havent yet taken action to do so SMBs are still making rather basic changes in their business processes shifting towards cloud solutions for CRM invoicing and project management Reel recently told PYMNTS A fear of change is one of the largest barriers for entrepreneurs to push through the threshold into truly transformative digitization he added A lack of resources exacerbates this struggle plus entrepreneurs can find it difficult to implement a new technology fearing it will actually slow down existing work flows While small businesses have a reputation for being younger and more agile than larger enterprises there are SMBs that operate with more traditional tools and processes Even seemingly straightforward digitization efforts such as eInvoicing can be a challenge Reel said that fear of change presents a barrier with many professionals expressing that they miss having a physical invoice to look at and read Embracing a hybrid approach to eInvoicing in which systems support both XML and PDF formats can ease small business owners into digitizing their invoicing processes In a discussion with PYMNTS Reel pointed to Teamleaders own research which suggests a correlation between small businesses efforts to overcome these challenges and their ability to succeed SMBs that consider digitization and embrace new technologies have a better view on their next steps and have more faith in succeeding as a company he noted