Indeed, the various technological advancements have greatly aided in improving how organizations conduct business. It did not only increase operational efficiency, but also provided employees with ease of working. Apart from the tangible technologies, there are also intangible items that are also essential in your business. These intangible items include the numerous software applications that your business needs for its operations. Although the Microsoft programs first come to mind, there is still a wide array of other software that you can chose from. To help you, below is the narrow list of the most important software for your business.

ERP

Also known as the Enterprise Resource Planning, the ERP is a type of business application software that organizations use through the integration of other applications from different business functions. Through ERP, data coming from the Human Resource, Finance, Accounting, Inventory Management, Production, Marketing, and the likes could be consolidated. As it creates a pool of pertinent data, the ERP empowers its users to store, review, manipulate, and analyse such operational data. Studies show that its implementation improves productivity, reduces costs, and streamlines processes. 

CRM

If there is a business software for organizational data, there is also a business software for customer data. The Customer Relationship Management or CRM software stores, reviews, manipulate, and analyse consumer data. Not only that, it also helps in fostering customer interaction and at the same time, serve as an avenue for sales process. It could aid companies in building and fostering relationships – to consumers, suppliers, distributors, and the likes – that remain essential to the business.

PM

The Project Management or PM software, as its name suggests, help companies manage its projects. Through this software, companies could plan, track, and implement projects and the resources associated with it. This software helps companies in terms of task alignment and scheduling, budgeting, cost monitoring, and document report in relation to a specific or a group of projects. Depending on the type of business that you have, PM could be customized based on your operational setup. In fact, certain developers offer industry-specific software such as construction management software.

BPM

There is also such a thing as Business Process Management or BPM software that focuses on the existing business process in your organization. In this day and age where organizations should be agile, the BPM will aid organizations in streamlining its processes through automation and strategic development. Through this software, process analysts will be given with a clearer perspective on how to manage and analyse complex data processes across the organization.

Database

This is common across all organization as the database serve as a wide storage of data of all possible types of organizational data. For example, if your Human Resource Department runs its own database, such database serves as a storage area for all employee data. This is software is important in extracting data and generating reports in a coherent manner to allow employees to analyse organizational records.

There is a wide variety of business software that you can chose from. Despite the quantity, you should look into each one closely and assess which one fits your business the most. At the end of the day, remember that your ultimate goal is to increase efficiency and reduce costs.