Business Software


Business software usually means software programs that can be used by business and companies to perform business activities and to increase or measure their business productivity. Business software solution is modified software for specific business purposes such as railway and airline ticketing system, billing and inventory control system for department stores etc. Business software can be used with any type of business activities such as cash transactions, receipts, issues, returns, rejections, interests, and depreciation, which entail final accounts, profit and loss accounts, balance-sheet etc.

A computer machine and business software are interdependent, with computer technology becoming more advanced with each new software addition. Nowadays even a tiny business entity tends to use small business software for its easy to handle and ready to use features. Many of the business software are plug and play type for which no special computer knowledge is essential. However, for complex calculations, tedious programming and special technical training, business software with learning tools is exceptionally helpful. IT companies on the other hand sometimes use business software for training purposes, enabling modern technologies like medical transcription.

The business software market is a billion dollar industry today and anyone with a sound knowledge of the system can make his or her own earnings very easily. Business software has acquired an important position in the economy of developed and developing countries. Software developing countries like India are doing good business by exporting business software to developed countries. The sprawling BPO sector is providing business software solution to many MNCs and domestic companies.

Small business software markets has captured a significant part of the software market in modern times. Small business software may include toy and game software, audio-visual software, accounting software, communicating software like Lync etc. Electronic spreadsheet software, a business software solution, has involved itself successfully in the vast use of microcomputers.

There are standard softwares available for business such as Microsoft Excel, Word, Access, Outlook, Office 365, Lync etc., which satisfy everyday needs of most businesses. However custom business softwares have many advantages over standard business software. The custom business software can customize the functions and features in a manner required by the customer, be they automatic generation of letters, automatic sending of emails, deadline reminders, printing of receipts and bills, tracking of customers and orders. Many business softwares use operational research methods and algorithms for optimum utilization of resources, maximizing profits and minimizing costs. Business software has the potential to maximize the efficiency of businesses, systematize the way business is done and keep the business under control.

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