Business software helps to automate business functions, save time and money, improve collaboration and boost productivity. Some of the most well-known examples include CRM (customer relationship management), ERP (enterprise resource planning) and HCM (human resources management). Some business software is more basic, and used for everyday tasks like accounting, payroll and financial reporting. Other programs are more sophisticated and can be developed by professional Custom Software Development companies.

The early introduction of business software in the 1980s revolutionized business model by replacing manual labor. For example, word processors replaced typewriters, while project directory management software replaced an drafting board and helped teams to perform more efficiently. Other types of business software are focused on improving communication and marketing. They include e-commerce platforms, which facilitate online transactions, feedback-gathering tools and sales visibility dashboards.

Some people are hesitant to integrate these tools in their business processes for fear they will eliminate jobs. However integrating these tools into business operations doesn’t mean you’ll lose jobs; rather, it helps employees advance to higher levels of work that require higher-level skills.

Project management is a different use of business applications. Tools such as Google Workspace, for example can offer a central workspace where employees can collaborate and share documents. These tools can also be customized to specific workflows or department. There are applications that let users monitor and manage time when working on projects. These kinds of tools are based on the Kanban method and are ideal for multi-step projects. These tools allow clients to track the progress of their projects in an organized and timely manner. This will result in better invoicing and payment processing.