Computer software can be used to simplify business processes, increasing productivity and reduce costs. This is done by eliminating manual data entry from the process and limiting human errors. A few examples of Business Software are word processing programs (like Word Perfect and Microsoft Word) and mathematical spreadsheet programs such as Lotus 1-2-3 and Excel, databases management systems like Oracle and SQL Server, desktop publishing software, and CAD-CAM systems that facilitate manufacturing engineering, design, and manufacturing. Robotic process automation is a newly-developed business software category that is designed to automatize repetitive tasks that humans perform, improving efficiency and reducing costs.
There are many types of Business Software. However, the most popular applications are accounting, bookkeeping as well as customer relationship management. project management, and the management of warehouses and inventory. All of these systems allow companies to reduce manual tasks, reduce costs, and boost profits.
Business software includes communication software, payroll systems and time-tracking programs. Quality payroll systems ensure that employees are paid correctly and on time, which enhances satisfaction and morale of employees. Communication software makes it simple for employees to communicate with one as well as external clients which could reduce costs for businesses by eliminating errors in communication. Time-tracking software enables employees to keep track their time, and provide accurate estimates to clients. This can also help with the invoicing process and payment processing by making sure that all hours are recorded for. Small-sized businesses can manage their finances more easily.