Business software aids in automating business processes, save time and money, boost collaboration and increase productivity. Some of the most well-known examples include CRM (customer relationship management), ERP (enterprise resource planning) and HCM (human resources management). Some software for business are more basic and used for everyday tasks like accounting, payroll and financial reporting. Some are more sophisticated and are developed professionally by Custom Software Development companies.

The first business software that was introduced in the 1980s revolutionized the business model by replacing manual labor. For example word processors were replaced by typewriters, while project management software replaced a drafting board and enabled teams to perform more efficiently. Other types of software are designed to enhance marketing and communication. They include e-commerce platforms that facilitate online transactions, feedback-gathering tools, and sales visibility dashboards.

Some people aren’t keen to incorporate these tools in their business processes because they fear they could result in the loss of jobs. Incorporating these tools into day-to-day business processes doesn’t end jobs; it only shifts employees into higher-level positions that require higher level of expertise.

Project management is another common application used by businesses. Tools like Google Workspace, for example provides an online workspace where employees can collaborate and share documents. These platforms can be customized for a specific department or workflow. Additionally, there are apps that can help users track and manage their time while working on projects. These types of tools are built on the Kanban method and are ideal for multi-step projects. They let clients see how their projects are progressing in why not find out more a timely and efficient manner, which will improve invoicing and payment processing.