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Computer software can be used to streamline business processes, increasing productivity and decreasing costs. This is achieved by removing the manual data entry process and limiting human error. Business Software includes word processing software (like Word Perfect or Microsoft Word) as well as spreadsheet applications like Lotus 1-2-3 or Excel, databases management software like Oracle, SQL Server, desktop publishing and CAD/CAM systems for manufacturing, design and engineering. Robotic process automation (RPA) is a new business software category that aims to automate repetitive tasks done by humans, thereby improving efficiency and decreasing costs.
There are many types of Business Software. However, the most popular applications are accounting, bookkeeping and customer relationship management. They also include project management, and management of inventory and warehouses. All of these systems allow businesses to reduce manual work, reduce costs, and boost profits.
Payroll systems, communication software, and time-tracking programs are important pieces of business software as well. Payroll systems that are up-to-date and accurate will boost employee satisfaction and morale. Software that helps in communication between employees and clients can save businesses money because it helps avoid mistakes in communication. Time-tracking software allows employees to keep track of their time and provide accurate estimates to clients. This also assists with billing and payment processing by ensuring that all hours have been accounted for. Smaller companies can manage their finances better.
