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Tuesday, May 18, 2021

Business Softwares – Essential Softwares Every Small Business Owner Needs

Like success is subjective, so is the size of the firm. For a few of you, success is gaining high revenues, whereas for others success might be the highest customer retention or sustainable development of employees-stakeholders.

Since the last decade, technology has started turning tables for traditional businesses. It has completely changed the modus operandi for the execution of the business. It is all about adaptation at the end of the day; adaptation to change but people soon realized that effective use of technology may lead to ease in the functionality and thereby nurturing the business to grow. The internet has changed the way people used technology earlier. It has become interactive and efficacious.

There are softwares available in the market which serve the best to these small businesses breaking the stereotype that softwares are only meant for giant firms with humongous resources.

Here are a variety of functional department based softwares that can be helpful to small companies in solving their routine though meagre bugs.

Business Softwares Solving Small Business Owners Needs

An Excited Small Biz MarketerFinance and auditing department:

This is the utmost important department in any sized firm as it controls the inflows and outflows of the business. With the growing business one has to be upfront in terms of accuracy and management of the finance department. There are categories of expertise Softwares for the same like:

Accounting software: Tasks performed by accounting software are book keeping, record fetching, keeping track of budgets, generating insightful reports, tax calculations and what not. Though these all may seem to be easier but it isn’t. You may even be able to admire the changes that you can in the customizable configurations.

Invoicing software:  Any business would use either electric or non-electric method to keep records of every penny coming in and going out of the business. This is where invoice Softwares play a vital role. These Softwares allow you to track the time and customize the data as and when necessity arises and then gives a printed form of it or records it in its memory. It is the effective way to manage their data thereby increasing the productivity.

Human Resource department: People are important part of any firm be that small or big. Maintaining people in-house is a big trouble. One may want performance management Softwares, or CRM. There are consolidated HR Softwares for the business. Like, we have HRIS payroll management software which deals with payroll as well as performance management system.

Functionalities provided by HR Softwares are:

Attendance management: Manages daily attendance as well as helps in calculating leaves which can be used while calculating salary.

Accessible on the go: It can either be cloud based or Installation based. If it is cloud based, it will be accessible anywhere and anytime.

User friendly:  easy in reducing the burden of performance management appraisals and evaluations.

Allows powerful reporting: Performance appraisal can be well interpreted using powerful reporting techniques.

Marketing department:

If you want to showcase your company in the market, then you need to have strong marketing team that works in effective manner. There are certain Softwares available in the market for channel management, branding, and advertising. Hence promising to gain traffic online and creating a positioning in the mind of customers that is likely to stay. Tasks are sales force automation; analytical market study and reporting, efficient follow ups mechanism etc are taken care of.

Marketing Softwares are namely:E-mail and messenger management software, CRM, digital marketing suite etc.

Key features of any marketing software are:

  • CRM integration
  • Analytics and reports
  • Enabling auto responders
  • CAN-SPAM compliance
  • Contact segmentation

Operations department:

Inventory management Softwares:Inventories are taken care of by this department. Inventory though in access or underestimated, creates trouble. So it advisable to have a well maintained inventory management system so that the business does not fall short in just in time goods management.

Apart from departmental categorization; one may want to have Softwares like:

Security Softwares: There may be businesses thatare dealing daily with risky and confidential data, the breach of which could lead to inviting great trouble. For them, it is very important to have security software that would manage all the data hacks and preserve the data in a best way possible.

Back-up and recovery Softwares:Your business may have a lot of internal as well as external records which you may fear of losing. This threat is resolved using back-up and recovery Softwares.

Subjectivity may lie even in the selection of either cloud based or installation based Softwares depending on the budget as well as usability and availability of the resources.

It is not necessary for every small business to have all these departments aligned. There are companies where operations, as well as marketing, are handled by one group of people due to lack of adequate workforce and low budgets. It is then these aforementioned Softwares serve as a boon to these small businesses.

Olawale Danielhttps://olawaledaniel.com/
Olawale Daniel is a business builder and psychologist, a network marketing professional, a world-class motivational speaker, a successful internet entrepreneur and a digital media strategist interested in all things mobile and digital — start-ups, media, branding. He started TechAtLast back in 2010 as a platform to quench his thirst for latest technologies. As a motivational speaker and author, Olawale has published several motivational and personal development books and he's currently working on "SUCCESS AHEAD - Don't Quit" which is billed to hit the stand by Q4 of the year. He writes regularly on his personal website on motivation and personal lifestyle and tips for network marketing success, OlawaleDaniel.com. His latest book on How to Sponsor More People in Your Network Marketing Business is still one of the best sellers in its category. He's presently working as a Health and Wellness consultant at BURN SLIM TRIM Inc., a firm that helps people regain their perfect lifestyle through state-of-the-art recent discoveries way back from nature. He's also the brain behind FOBCourse, a business university for startup entrepreneurs in Africa.

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  1. I believe that small businesses need to pay more attention to social networks and to develop its brand in this direction, direct communication with potential customers better impact on sales and brand development

  2. Small businesses need to pay attention to Developing and updating a business strategy,Financing the business and Finding and keeping customers

  3. Hi Olawale,

    I like your article, it is very informative. However, I would like to make some correction. I just noted you have used ‘softwares’ instead of software since software has no plural.

    About great software for small business, I personally found Zoho Books which is an accounting software to be of great help in creating and sending invoices, tracking expenses, synchronizing bank accounts, creating reports and doing accounts of my business.


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