Tuesday, February 4, 2014

Types of business application software

The type of business application software used in a business depends upon the nature and the model of the business. For example, a manufacturing company needs the application type for work in progress; whereas a service based company does not require work in progress. In their business model, it might not appeared.

But there are some common tasks to be done in every business. These include accounting, sales and customers/clients.

Now we discuss some major types of business application software.
  • Supply chain management: The supply chain of a business is the whole process of delivering the product or service to the end user from the beginning. The supply chain management includes dealing in relationship with vendor in procurement process, purchase and sales orders, inventory management and work in progress.
  • Finance and accounting: The software concerned with finance and accounting used to record the daily transactions, pay bills, tax reports, and payroll. Some software has huge options. It is better to select after complete analysis requirement. Otherwise it will waste of resource.
  • Customer relationship management: Customer relation business applications store the data of customers. The state of relation with them in the past will can be tracked with these applications.
  • It will helpful to sales department to cross sale, giving additional benefits to the good track recorded customers, sales campaigns. We can improve customer satisfaction levels with the previous data. Can improve the product life cycle. It can helpful to generate the additional revenue opportunities.
  • eCommerce: eCommerce software facilitates building online sales portal, shopping carts effectively. eCommerce software can integrate with supply chain software, so that businesses can track inventory and sales.
  • Software integration: Most business software applications allow integrating all the company’s process units to enable it function as a single unit. Simply all the process of the company is in a single application. Some of them can allow to import from web and other forms of data.
  • Business intelligence: Business intelligence software useful to make decision from the data. These are mostly used to interpret data.
  • Enterprise resource planning software: enterprise resource planning (ERP) software is used to manage tangible and intangible resources and processes of the company. These are human resource, inventory, supply chain, sales, customers etc. these are the integrated software modules. For each function there is a module.
  • Knowledge management software: Knowledge management software operates by a group of individuals to manage the information. They can analyze, share, store and retreat the data at any time. It can be of sales, customers, opinions, experiences in the profession, ideas etc.

The general purpose software applications are like text or word document software, Painting and office utility software. These are most commonly used software in business.

Business application software aims to bring in efficiency and do the businesses' job easier. Businesses should look for software that suits their business most.