The use of computer software to simplify business processes boosts productivity and reduces costs by reducing manual data entry and the possibility of human error. Examples of Business Software are word processing software (like Word Perfect and Microsoft Word) and mathematical spreadsheet applications like Lotus 1-2-3 and Excel, database management systems such as Oracle and SQL Server desktop publishing software, and CAD-CAM systems that aid in manufacturing design, engineering, and design. Robotic process automation (RPA) is a new business software category aimed at automating repetitive tasks performed by people, improving efficiency and decreasing costs.
There are many types of Business Software. However, the most common applications include bookkeeping, accounting, customer relations management, project management, and managing warehouses and inventory. All of these systems enable businesses to eliminate manual labor while reducing costs and boost profits.
Business software includes payroll systems, communication programs and time tracking software. Payroll systems that are of high-quality ensure that employees are paid correctly and on time, which increases employee satisfaction and morale. Communication software makes it easier for employees to communicate with each other and external clients as well as save businesses money by avoiding confusion. Time-tracking software enables employees to keep track of their time and also provide accurate estimates for clients. This can aid in billing and payment processing by ensuring that all hours have been accounted. Smaller businesses can manage their finances better.