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Business Management Software

Business Management software is a business solution that combines multiple single-suite applications related to sales, marketing, customer relationship management (CRM), accounting, enterprise resource planning (ERP), human resources (HR), and other areas categorised under business management. Due to its comprehensive nature, business management software allows business managers to perform various tasks from a single platform, streamlining the tasks otherwise performed from multiple locations. These solutions can be especially useful within small and medium-sized enterprises, where software costs need to be kept at a minimum and training resources are limited. Some products are marketed as small business management software solutions, which can be optimised to account for the primary needs of managers of small and medium-sized enterprises. Compare product reviews and features to help find the best Business Management Software for your business in the UK.

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With 15+ years in the agile space, Jira offers teams the top tools and best practices to provide the right foundation for growth. Learn more about Jira
Jira is the #1 software development tool used by agile teams. Teams of 2 to 20,000 rely on Jira to manage every stage of their workflow, from planning to shipping and releasing. With native roadmaps, teams can ladder up their work to track the big picture. Jira's no-code automation engine allows teams to save time and increase power by automating any task or process with a few clicks. And with a free edition, teams up to ten users can leverage all the power of Jira at no cost, forever. Learn more about Jira

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
NetSuite business management manages financials, CRM, inventory, supply chain & omnichannel commerce with one fully-integrated system. Learn more about NetSuite
NetSuite automates core processes like accounting, inventory and order management, customer management, project management, and more. A unified cloud platform provides secure anytime, anywhere access to the features and data people need to run their business. With flexible reporting, dashboards, and business intelligence tools that provide real-time visibility, NetSuite helps organizations of all sizes and industries control costs, eliminate inefficiency and improve financial performance. Learn more about NetSuite

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Confluence is a team workspace where knowledge and collaboration meet. Create, collaborate, and organize your work all in one place. Learn more about Confluence
Confluence is a team workspace where knowledge and collaboration meet. It's a central source of truth for fast-moving companies. Confluence keeps everyone organized and aligned with everything from meeting notes to strategy docs and IT documentation so they can make better decisions faster and be more responsive to change. Confluence integrates seamlessly with the Atlassian suite of products like Jira Software and Trello, and allows for endless customization with apps from our Marketplace. Learn more about Confluence

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Schedule appointments, collect payments, easily manage your clients and run the end-to-end client experience for your business. Learn more about Practice
We help small businesses consolidate clunky, disjointed and annoying systems into one simple place. Easy scheduling that shows your real-time availability, simple forms to gather information, invoices and payments — all tied together with automations. Create invoices, recurring subscriptions and packages in seconds and get paid on time, every time. Our world-class tools are built for both sides of the relationship, with a client chat portal that centralizes everything for your clients. Learn more about Practice

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
MyPRM offers a complete & intuitive platform of Partner Relationship Management to make both channel managers and partners lives easier Learn more about MyPRM
Let's talk together MyPRM is the 1st French SaaS platform for managing and developing companies’ indirect businesses. Created in 2017 as an alternative to traditional platforms, the MyPRM solution supports all stages of the partner lifecycle, from recruitment to performance management. With flexible, business-focused modules, features, and user-friendly interfaces, MyPRM helps organisations leverage the power of their distribution channels. Learn more about MyPRM

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Scoro is the most comprehensive business management solution for professional and creative services. Learn more about Scoro
Scoro is an end-to-end business management solution which allows professional and creative services to control their entire workflow from one place. Scoro provides all the tools you need to fully manage your business: project management, work scheduling & tracking, taskboards & lists, contact database & CRM, quoting and billing, advanced reporting, real-time dashboards, and more. You'll have a complete overview of your business. Sign up for a 14-day free trial to see for yourself! Learn more about Scoro

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
An open-source suite of integrated apps to manage CRM, PoS, Website, eCommerce, Sales, Accounting, Warehouse, HR, Marketing, and more. Learn more about Odoo
Odoo is a completely customizable, fully integrated, all-in-one open-source software packed with hundreds of expertly designed business applications. Odoo offers up everything a business needs to run efficiently, such as CRM, Sales, Project, Manufacturing, Inventory, and Accounting, just to name a few. Regardless of size or budget, Odoo is tailor-made to help companies grow with their wide array of efficient, easy-to-use business solutions. Learn more about Odoo

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Job management software and app that helps tradespeople effortlessly handle their admin. Learn more about ToolTime
ToolTime, is an easy-to-use job management software for tradespeople, enabling them to effortlessly handle their paperwork and processes. Its user-friendly software and mobile app enhance communication and workflows, both on-site and in the office. In just a few clicks, users can generate quotes & invoices, schedule appointments, document jobs, track time and access job info from any device. ToolTime users benefit from fast and reliable customer service, regular updates and new features. Learn more about ToolTime

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Jolt is a comprehensive and completely customizable digital business operations platform available on smartphones and tablets. Learn more about Jolt
Jolt is a comprehensive digital business operations platform available on smartphones and tablets. Jolt helps restaurants, retail, hospitality, and other businesses create accountability, enhance safety compliance, and boost employee performance. Jolt is completely customizable for any business. Jolt is used by companies like Smoothie King, Jimmy John’s, McDonald's, Buffalo Wild Wings, Legoland, Jack In The Box, Weis, Cinemark, and thousands of other global brands. Schedule your free demo today! Learn more about Jolt

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Asana for Business Management. Drive clarity and impact at scale by connecting work and workflows to company-wide goals Learn more about Asana
Asana is a product management tool that helps teams orchestrate their work, from daily tasks to strategic initiatives. With Asana, you can connect all your work in one place and bring teams together, anywhere. From lists to boards, to calendars and gantt charts, organize work your way. Join more than 135,000 paying organizations and millions of teams across 190 countries who use Asana to get more done. Get started in minutes to try Asana. Learn more about Asana

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Business Power Tools is customizable software that provides templates to start, grow, and manage a business. Learn more about Business Power Tools
Successful Business-Building is More Complex Than You Thought? How Do You Handle the Everyday Challenges of Organizing, Funding, Managing, Marketing, and Everything Else? It Really Doesn’t Have to Be as Aggravating, Frustrating, Time-Consuming, and Expensive as You Think. Especially When You Wrap Your Mind Around This Secret Weapon… Secure, Private Dashboard Loaded With Guided, Ready-to-Use Strategic Business Growth Plans, Policies, Procedures, and Financial Model Templates Keeps You On Top and Ahead of Your Business Expertly Written, 100% Customizable Software-Driven Templates Demonstrate What to Do… And How to Do it. Including Detailed Swipe-Copy—In Context—of Exactly What to Say… And How to Say it. Business Power Tools for startup or small business and consultants is software that provides business owners, executives, and consultants with customizable templates to build strategic plans, marketing campaigns, employee policies, procedures, and financial models. Learn more about Business Power Tools

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
All-in-one equipment business management software solution purpose-built for rental, sales, and service operations. Learn more about Texada
Founded in 1984, Texada is a leader in dealer equipment business management, with 400+ global customers and comprehensive API integrations with top OEMs like Caterpillar and John Deere. Our cloud-native platform delivers an integrated experience across sales, rental, and service. Key Features -Streamline sales, leasing, and service processes with industry-specific insights. -Provide sales reps with real-time access to inventory, customer data, and details via a mobile app. -Equip sales managers with essential metrics and competitive intelligence for informed decision-making. Why Choose Texada SalesLink? Revolutionize customer relationship management with SalesLink's industry-specific capabilities, enhancing efficiency and customer satisfaction. Benefits -Simplify inventory management and support for efficient sales processes. -Offer a full view of customer interactions and equipment histories for deeper insights. Learn more about Texada

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Ravetree is an award-winning work management solution for project-driven organizations. Learn more about Ravetree
Ravetree is an award-winning work management solution for project-driven organizations. Our platform includes: Project Management, Resource Planning, Time & Expense Tracking, Digital Asset Management, CRM, and more. Easily see the big picture by having all of your information organized in one place! Learn more about Ravetree

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Trello is a collaboration tool that organizes your projects into boards. In one glance, Trello tells you what's being worked on.
"Organize anything, together." Trello is a collaboration tool that organizes your projects into boards. In one glance, Trello tells you what's being worked on, who's working on what, and where something is in a process. All your projects, all your tasks, all of your team--organized, accounted for, and easily visible at a glance. New users instantly understand the list and card metaphor and can be working on Trello within minutes. Learn more about Trello

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Drive growth with Sales Cloud 360, the best-in-class sales solution that drives rep productivity on the world's #1 CRM platform.
Sell faster, smarter, and more efficiently with Sales Cloud, the #1 AI CRM built on the Einstein 1 Platform. Empower entire sales teams with data from any source and trusted AI for sellers, leaders, ops, and even partners. Engage buyers effectively, improve seller productivity, close deals faster, and grow revenue on the most complete sales platform. Learn more about Salesforce Sales Cloud

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime.
QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime. Used by over 7 million customers globally, QuickBooks provides smart tools for your business, yet is easy to use. You can organise your books, manage expenses, send invoices, track inventory, and even run payroll. With QuickBooks Online, you can get organised, save time, and even get paid fast by adding payment features. Best of all, you can try it for free for 30 days. Learn more about QuickBooks Online

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Integrated business management solution that automates financial, customer relationship and supply chain processes.
Microsoft Dynamics is a line of integrated, adaptable business management solutions that enable your people to make important business decisions with greater confidence. Microsoft Dynamics works like and with familiar Microsoft software-easing adoption and reducing the risks inherent with implementing a new solution. These solutions automate and streamline financial, customer relationship, and supply chain processes in a way that can help you drive business success. Learn more about Dynamics 365

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
monday.com is an intuitive platform that allows you to create unique solutions for all aspects of your business in one place.
monday.com is an intuitive platform that allows you to create unique solutions for all aspects of your business in one place. Start with pre-made templates and fully customize them for your workflows. So your entire team can track inventory, onboard new employees, oversee projects, update statuses on important tasks, and manage your sales and marketing campaigns. Get rid of painfully long email threads and cut down on meetings while getting even more done with this collaborative solution. Learn more about monday.com

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Boost productivity with customizable Docs, Reminders, Goals, Chat & more. Trusted by 800k+ teams. Streamline workflow today!
ClickUp is an all-in-one productivity platform that eliminates work silos. It's the hub where teams come together to plan, organize, and collaborate on work using tasks, Docs, Chat, Goals, Whiteboards, and more. Easily customized with just a few clicks, ClickUp helps teams of all types and sizes deliver work more effectively. By replacing inflexible and overlapping tools, ClickUp helps teams save one day each week! Learn more about ClickUp

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Smartsheet is an online work execution platform empowering organizations of all sizes to plan, manage, automate, and report on work.
Smartsheet, an online work execution platform, empowers organizations to plan, track, automate, and report on work. Over 80,000 brands rely on Smartsheet for project and work management because of its easy-to-use interface, real-time Gantt charts and dashboards, and work automation features. *2018 Awards: Named a Leader in Enterprise Collaborative Work Management by Forrester Research, Selected to Deloittes Fast 500 List, Recognized for Technology Innovation & Vision by 451 Research Learn more about Smartsheet

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Xero is a beautiful online accounting software solution for small businesses, sole traders, and accountants in any industry.
Xero is an award-winning online accounting software designed for small business owners and accountants, available on any computer or mobile device with an internet connection. Get your business finances and cash flow updated in real time, import transactions from bank accounts, and integrate with 3rd-party business applications. Xero accounting software allows unlimited user logins and provides access to data through a single ledger, making it easier to collaborate. Learn more about Xero

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Mindbody wellness business software helps you seamlessly manage your business end-to-end, grow your revenue, and scale to any size.
Mindbody’s all-in-one software has everything you need to seamlessly manage your business end-to-end and grow your revenue. From booking and scheduling to client and staff management, automated marketing and in-depth reporting to integrated payments and lead management, Mindbody helps you thrive. Plus, Mindbody offers innovation you can’t get elsewhere, including an AI front desk, as well as 700+ partner solutions, open API, and an exclusive network of new clients. Learn more about Mindbody

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Wrike is an enterprise business management software with templates, time tracking, Gantt charts, dashboards, reports, and more.
Wrike is a business management software trusted by 20,000+ companies worldwide. Create a streamlined digital workplace using custom request forms, Kanban boards, Gantt charts, time tracking, real-time updates, and performance reports all in one place that can be shared company-wide. Integrate Wrike with 400+ applications to automate your everyday processes. Customize workflows and reduce the need for emails, meetings, status updates, and more. Work smarter, not harder with Wrike. Learn more about Wrike

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
A free office suite with writer, spreadsheets, and presentation applications.
WPS Office is a free, small and fast office suite, that provides you three powerful applications known as Writer, Spreadsheets and Presentation. It is highly compatible with MS Office while presents a similar interface to the latter. It features small package size, spell check, a PDF converter, multi-tab interface, paragraph adjustment tool, drag-and-drop table feature, group convert hyperlinks and more. Learn more about WPS Office

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management
Cloud-based online booking, scheduling, point of sale and marketing software - everything you need to run your spa or salon better.
Tired of spending your days focusing on administrative tasks that take you away from your clients? Make life easier for your clients, your staff, and yourself with Bookers business management solution that offers online booking, staff scheduling, CRM, point of sale, marketing and retention tools, all on one platform. With Bookers cloud-based software solutions, youll be able to access your business anywhere, anytime. See Booker in action with a free demo! Learn more about Booker

Features

  • Inventory Management
  • Marketing Automation
  • Purchasing & Receiving
  • Time & Expense Tracking
  • Billing & Invoicing
  • Training Management
  • Order Management
  • Project Management
  • Scheduling
  • Accounting
  • Client Management
  • Task Management

Business Management Software Buyers Guide

Business management software is the name given to all-purpose software solutions. These typically bring together many key business management activities related to areas like accounting, sales, marketing, customer relationship management (CRM), human resources (HR), enterprise resource planning, product development, and contact management into a single, consistent package. The all-in-one nature of these solutions can deliver for business owners in terms of convenience, allowing various tasks to be carried out in one place. Additionally, the use of a single system for carrying out so many different functions can also help business managers to avoid issues surrounding compatibility, which may otherwise manifest when using multiple different software solutions to achieve the same tasks.

As the name suggests, business management software systems are primarily utilised by business managers, or departmental managers, in order to carry out some of their core responsibilities. These solutions can be especially useful within small and medium-sized enterprises, where there may be a need to keep software costs low and also limit the amount of training that needs to be provided for employees using different software packages. With that being said, business management software packages can also be valuable for managers in larger organisations too, and the comprehensive, integrated nature of these solutions can appeal to managers of all varieties.

When using software packages in this category, it will usually be possible to store contact details, past communication, and other important information about leads and customers. It may also be possible to monitor financial performance and create financial reports, store and manage important data related to employees and business partners, and establish performance metrics for a business, with the ability to continuously track these metrics over time. All of this means that many of the most critical tasks a business manager will need to perform can be handled easily without switching to a different package.

As stated, there is significant crossover between this type of business software and applications like CRM software and accounting software solutions. However, some of the other applications that are closely related to all-in-one business software packages include task management software and project management software. While the precise features that are available will vary from one program to the next, depending on their target audience and focus areas, there are certain core features too. Generally, this will mean any good software of this kind will allow users to:

  • Create and maintain a database containing contact details, customer data, and employee information
  • Track a company's financial results, create financial reports, and manage company finances
  • Define the parameters for business success and then continually track overall business performance
  • Oversee marketing activities, develop a marketing strategy, and monitor marketing performance over time

What is business management software?

Business management software packages are a type of business software intended to bring together single-suite applications related to accounting, human resources, customer relationship management, resource management, marketing, sales, business performance monitoring, and other disciplines that fall under the business management umbrella. The primary appeal of the software is its comprehensive nature, allowing many different tasks to be able to be performed from a single location while removing friction associated with using multiple more targeted packages instead.

Although all-in-one business software has near-universal appeal, it can be especially useful for smaller businesses, or those looking to cut costs, because it means fewer unique applications need to be used, and the associated training costs can also be reduced. Some products are marketed as small business management software solutions, and these will be optimised to cater for the primary needs of managers of small and medium-sized enterprises.

Business software solutions of this kind allow users to keep contact information in one place, manage their interactions with customers, oversee a marketing strategy, manage company finances, create relevant business reports, and much more. As the different components of business management software packages are linked, it is also quick and easy to take data from one part of the package and bring it into another part without encountering compatibility issues.

What are the benefits of business management software?

The benefits of business software solutions are primarily linked to the convenience and efficiency they can deliver as an all-in-one solution. Lowering the number of unique applications that businesses and their employees need access to can have a number of key benefits, too, including reducing storage requirements, solving compatibility issues, and cutting down on training costs. Some of the most significant advantages are outlined in more detail below:

  • Improved efficiency: one of the main advantages of using business software solutions is related to its ability to improve overall efficiency for business managers and other senior leaders. This is primarily possible because the software provides a number of different functions within one package, avoiding the need to shift between packages to carry out these different tasks. Instead, business managers can quickly and easily move between managing their marketing strategy, viewing customer relationship management data, accessing employee contact information, and more. The end result can be greater productivity among business and departmental managers, who can then spend more of their time carrying out other tasks that may require extra attention.
  • Greater ease of use: alongside efficiency benefits, integrated business software of this kind also makes it easier to actually carry out many of the core business management tasks. Instead of having to understand the user interface of many different software packages and learn how to make the best use of them, these software packages provide a greater level of consistency. This means that, in many cases, it will be easier to learn to use a business management system than it is to learn to use separate marketing, CRM, employee management, and sales systems.
  • Reduced training costs: the use of a single integrated business software system in place of multiple different software packages can also help to reduce training costs. After all, the employees who need to use the software will learn to use one package rather than learning to use multiple different packages, which may all need to be taught to them at different times. This benefit also applies when new updates to the software are released and new features emerge, and it can be especially advantageous for businesses with a limited IT department or a restricted training budget. Reducing training times can also help to improve overall productivity levels.
  • Centralised data: the very concept of bringing together sales, marketing, customer relationship management, accounting, and other functions into a single place means that data from these different areas is also centralised. This can be important in many organisations because it means different departments can save, access, and alter data from the same place and then share it with other departments easily. Such cross-departmental sharing of data is necessary for high-quality collaboration, and having this data in one software package also makes it easier to move important information from one part of the package to another without encountering obstacles.

What are the features of business management software?

The features of business management software systems can vary substantially from one software package to the next. Some solutions are aimed at businesses in a specific industry, while others are targeted towards businesses of a certain size or business managers with a specific range of skills. Nevertheless, there are some core features within this software category that help define it, which will be found in the majority of applications of this kind.

  • Employee management: manage a wide range of elements related to employees, from tracking the progress of the various tasks they are working on or accessing contact details, through to continually monitoring productivity, attendance, training or coaching requirements, and contract and salary information. Having access to this data in a central location can make it easier to understand where employees are, what they are doing, how they are progressing, when certain actions are required, and when meetings may need to be arranged to discuss work-related issues. It can also assist businesses with scheduling and accurately handling staff pay, as well as the allocation of employee resources to different tasks. Essentially, these features all combine to allow the business management software to perform functions that may otherwise require the use of a workforce management software package.
  • Financial management: oversee a business' various financial assets and gain a much clearer sense of the overall financial status of the business. As part of this feature, it is generally possible to input financial information, track financial performance, plan new measures, create financial reports, and see the financial consequences of certain actions, events, or scenarios before they are actually performed. This can then allow for more informed, evidence-based decisions to be made about business strategy, the budgets for different departments, as well as pricing for specific products or services. Financial data can also be easily input into some of the other components of the software package too, such as the performance monitoring area, in order to gain a better idea of how the business is faring. Ultimately, these various features can either take the place of accounting software—or function alongside such applications—in order to provide a broader range of overall financial management features.
  • Customer relationship management: manage interactions with customers, save important communications, and ensure that long-term relationships are established and maintained so that those customers become long-term assets for the business. The CRM component of business management software will generally allow users to see past conversations with specific customers, access contact information, track the current status of leads and prospects, and guide them further down the sales funnel. Keeping track of customer interactions can be essential for a number of different reasons, including delivering seamless customer service, using interactions to inform product development and marketing efforts, and utilising customer communications to design relevant training activities. Failure to manage these interactions efficiently, on the other hand, can lead to the loss of customers.
  • Marketing management: establish a marketing strategy, gain insight into current performance, and automate key tasks so that the right audience is seeing the right content, in the right moment. This component will often cater for email marketing, display marketing, social media marketing, content marketing, and SEO. Furthermore, solutions in this category will usually allow users to track how long campaigns have been running, the level of reach for each campaign, key performance indicators, and the current status of individual branding activities and product promotions. This can then reduce the need to use marketing automation software.
  • Inventory management: view important information about business inventory, such as current levels of stock for specific items, or the number of occupied and empty rooms in a hotel, so that all orders or bookings can be fulfilled accurately and on time. Moreover, past and current data can be used to forecast when more of an item needs to be ordered so that a business can avoid the delays and disappointment associated with running out of stock entirely. The best business management system examples will also offer real-time alerts on current stock levels, with options to establish the exact alert threshold, meaning managers can be automatically prompted to act when stock reaches a certain level. In some cases, re-ordering can also be automated. This means that new stock will be ordered at the best possible moment, without the need for any human intervention whatsoever.
  • Billing and invoicing: create invoices for the products or services that are purchased by customers, and then automatically send these invoices out via email. Business management software packages that include a billing and invoice component make it much easier to keep track of all relevant billing information, including details on whether or not a customer has paid, when their payment was made, what payment method they used, etc. Additionally, in some cases, the software will automatically generate a receipt, which can then be sent to customers to confirm that their payment has been received and to validate any refunds or returns they may request in future.
  • Performance metrics: identify the key metrics to monitor, and then continually track performance over time. This means users can see where their business is performing well, where there is room for improvement, and where drastic action may be required. Having the ability to establish key performance indicators and track them over time is important for understanding business performance in general, but it can also be essential for employee recognition. This is significant, because Capterra research shows that businesses are increasingly turning to software solutions for employee recognition purposes. The very best business management software systems may be able to serve this purpose and avoid the need for dedicated recognition software.

Using Capterra's business management software systems directory, it is quick and easy to sort the available options based on the features they contain, along with their other attributes. Not only can this make it easier to compare the different business management system examples, but it also means users can narrow down options quickly and begin their search by only seeing the solutions that deliver in the areas that matter most to them and their business.

What should be considered when purchasing business management software?

When purchasing business management software systems, there are a number of important considerations that managers should work through. Taking the time to do this will help to avoid the purchase of an unsuitable or suboptimal solution, and it can help businesses to find the best possible application for their individual needs. One of the easiest ways to do this is to ask some key questions, which will then help decision-makers to think more deeply, such as:

  • How much does business software cost? A key consideration before making any purchase is the price that will need to be paid. Clearly, a small scale business management system is going to cost less than a bigger, more comprehensive solution that is aimed at large corporations, and this is a factor to weigh up, but it is not enough to simply think about the upfront costs like buying the software and installing it. Instead, the best way to approach this is to consider the total costs associated with owning and using the software over time. Is there a subscription fee? Will implementing the software require more space for storing data? Are there additional security needs? Will the various departmental managers need additional training to make effective use of the software? In some cases, there may also be costs linked to software updates, or new versions too.
  • What are the main types of business software? Answering this particular question can be important for several reasons. Firstly, it allows businesses to establish which applications they have and which they still need. Secondly, it allows decision-makers to consider the business management software packages that deliver in the areas they need. Thirdly, it is important to recognise that some options in this category are primarily focused on specific areas, such as finance, marketing, sales, or HR, while others are true all-purpose solutions. With this in mind, it is worth thinking about which of these approaches is most appropriate for the required tasks.
  • Where will the software users be working from? Next, decision-makers need to consider where managers and other users are actually going to be based and contemplate how this may influence the best choice of software. The COVID-19 pandemic accelerated adoption of remote and hybrid working models, and research shows that only 17 per cent of homeworkers actually want to return to the office on a full-time basis, with a quarter preferring the idea of a 50/50 split between office and home-based working. If remote access is a key requirement, this can have a major bearing on the ideal software solution. Of course, it is also worth contemplating how things may look in the future and what contingency plans are in place if circumstances make remote work a necessity.
  • Can the software integrate with other programs? Finally, when buying any new software solution, it is important to think about how well it can be integrated with other core applications that are being used within the workplace. The exact applications that business management software systems will need to be compatible with will vary based on the type of business making the purchase and the nature of the work they do. Nevertheless, compatibility problems can be costly and create unnecessary friction, so it pays to take the time to research this area properly. If integration is not possible, but the solution ticks all other boxes, it may be possible to make changes to a current setup, replacing some of the other software and tools used. However, any such decisions will need to consider the cost and upheaval associated with replacing existing applications or introducing new processes.

The most relevant business management program trends at the time of purchasing a new solution are also a very important consideration. After all, to get the most from software, it is crucial to find an option that will meet the needs of today and the needs of tomorrow. Additionally, buyers need to know that the software they are acquiring has been created with an awareness of the wider software and technology landscape, as well as the things that are important to users. Some of the most significant trends that are relevant to business management software systems include:

  • Popularity of cloud-based solutions: The Software as a Service (SaaS) model is becoming more prevalent as a whole. This is in part because businesses are getting to grips with the various benefits that cloud technology can offer them. This includes increased data security, accessibility from anywhere, at any time, compatibility with a wider range of devices and operating systems, and reduced startup and maintenance costs, which are generally replaced by more predictable monthly subscription fees. As this trend continues, business managers need to be aware of this broad direction of travel and give some careful thought to whether or not this method of deployment is best for them. In some cases, cloud-based solutions may sacrifice an element of control and a sense of ownership, and some businesses are still better off with on-site deployment, managed by an internal IT team. Yet, in other cases, these options deliver the kind of flexibility and on-demand access that is necessary in the modern, fast-paced, 24/7 business world, and allow businesses to scale down their IT departments and expenditure too.
  • Increased use of artificial intelligence: As artificial intelligence (AI) continues to improve in terms of reliability and speed, it is also playing an increasingly influential role in business management software systems. In particular, AI can help to interpret vast amounts of data extremely quickly and then draw logical conclusions from that data, meaning it has the potential to recommend future actions, based on the probability of success, and to suggest the best times to act in order to optimise business results. Beyond this, AI can also help to automate some of the more predictable, repetitive, and time-consuming business management activities, leaving managers and senior employees with more time to spend on tasks that really require human thought processes and problem-solving skills. When automation and data analytics are combined, an integrated business software system has the capacity to handle inventory management, distribution, marketing, and sales processes on its own, with high levels of accuracy, at any time of the day, even if no business manager is available to act themselves.
  • Mobile business management: Along with the rise in remote work, a growing number of business managers and senior employees are now working in the field, while they travel, or in a number of other ways that all require them to carry out tasks using mobile phones, tablets, or other similar portable devices. For software developers, catering to this demand for flexibility and mobile accessibility is becoming more important. Many solutions on the market already achieve this, either by offering dedicated mobile apps or by providing access to cloud-based software through mobile web browsers. Business managers regularly using mobile devices for work should prioritise software packages that cater to their needs and look into whether the mobile apps either provide a full range of features or serve as a condensed version of the main software, stripping out some of the core functions.

Sources:

The features highlighted were identified based on their relevance and the percentage of products in Capterra's directory that offer them. The following sources were used for this document:

  1. Employee recognition: 4 ways it has changed and how software can help - Capterra Blog (Date accessed: Saturday, October 9, 2021)

  2. Workplace wellbeing: 5 insights from UK employees - Capterra Blog (Date accessed: Saturday, October 9, 2021)