Business management software is a computer program that collects and processes data from the main departments of a company.
That is, it is software that intends to simplify and facilitate the tasks of departments such as accounting, finance, HR, logistics and even marketing. Its use is almost a must in an increasingly digital economy, as it creates high added value in terms of efficiency and economic effectiveness.
However, although it is possible to systematize a multitude of tasks and activities, the corresponding personnel for each department are still necessary to interpret and control the data correctly.
Objectives of business management software
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The principal objectives of business software are:
- Data collection on the company’s activities.
- Gathering of data on the company’s activities.
- Processing this data and interpreting it.
- Identification.
- Identify the opportunities and threats according to the interpreted data.
- Control these data and interpret them.
- Monitoring the evolution of the company in real time.
- Monitoring the evolution of the company in real time.
- Achieve efficiency in terms of time and profitability of the company.
- Maintain the efficiency in terms of time and profitability of the company.
- To facilitate the activities of the department and to be able to consult the data remotely.
These are some of the objectives of enterprise software, whose main goal, in addition to the objectives already mentioned, is to digitalize the enterprise ecosystem for greater efficiency in processes and in management decision-making.
Types of enterprise software
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According to the area on which the enterprise software focuses and the objective it pursues, it is mainly divided into the following:
- Enterprise Resource Planning (ERP): this software allows its users to manage and analyze the company’s global operations and its resources centrally in a single computer application.
- Enterprise Resource Planning (ERP): this software allows its users to manage and analyze the company’s global operations and its resources centrally in a single computer application.
- Customer Relationship Management (CRM): In this case, the software is in charge of managing segmentation, sales and customers.
- Supply Chain Management (CSM): The supply chain and its variations or areas of influence are the factors that the software is designed to manage and control.
- Warehouse Management System (WMS).As for other programs or applications, there are a number of software groups that can be used in a corporate environment.
Some examples are office packages and, in particular, the well-known spreadsheet processors (MSO Excel, Google Spreadsheets, etc.).
Advantages and disadvantages of enterprise software
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Although the process of digital transformation or digitization of the company is synonymous with progress, each tool has its advantages and disadvantages, with the final balance being important.
Some advantages may be aspects such as the speed in data consultation, the systematization of tasks and its consequent time saving, or even the creation of reports through the appropriate use of big data. It is also possible to explore synergies or correlations between departments and look for improvement opportunities or problems not yet identified.
On the other hand, the disadvantage of using this type of software is that it can be too dependent on the digital environment, which is the biggest obstacle in a profession that requires certain digital skills in addition to specialization. In addition, the centralization of data can also lead to remote data theft (hacking).
Examples of business management software
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Although there is a wide range of business management software and applications, some of the best known ones are:
- SAP’s SAP’s SAP Business One.
- ContaPlus from the SAGE group of companies.
- A3, in this case the software is owned by A3 SATEL.
- Oracle EBS by Oracle.
- Microsoft’s Microsoft Dynamics NAV.
Although there are multiple accounting programs, these three are among the best known. It should be noted that, depending on the country or the needs of the company, you can choose one or another option among the dozens of such software on the market.
Now you know the basics about management software, remember that it is necessary to be trained in these to perfect their use and get the most out of it, if you are already considering implementing a business management software to your business you have come a long way, do not hesitate to review our article on business management to ensure that you apply all its features.