The use of computer software to simplify business processes boosts productivity and cuts expenses by eliminating manual data entry and the possibility of human error. Some examples of Business Software are word processing programs (like Word Perfect and Microsoft Word) and spreadsheets that use mathematical formulas like Lotus 1-2-3 and Excel, databases management systems, such as Oracle and SQL Server, desktop publishing software, and CAD-CAM systems which facilitate manufacturing engineering, design, and manufacturing. Robotic process automation (RPA) is a brand new business software category that aims to automate repetitive tasks done by humans, increasing efficiency and decreasing costs.
While there are many different types of Business Software, the most frequently used are bookkeeping and accounting as unstructured data strategies well as customer relationship management project management warehouse and inventory management, and human resources management. These systems enable businesses to cut out manual tasks, reduce costs, and boost profits.
Business software includes payroll systems, communication programs and time-tracking programs. Payroll systems that are up-to-date and accurate can boost employee satisfaction and morale. Software for communication makes it easy for employees to communicate with each as well as external clients, which can also help businesses save money by avoiding mistakes in communication. Time-tracking software lets employees keep track their time, and give accurate estimates to clients. This can aid in the processing of payments and invoicing by ensuring that all hours are accounted. Smaller companies can manage their finances better.
