Top 10 Business Application Software for SMEs

Introduction to Business Application Software

Small businesses and medium enterprises (SME) are often stuck in the middle when it comes to choosing business management software. For a while, people had the misconception that only large corporations require process automation tools. Modern business application software providers have broken the stereotype to provide startups and growing companies with effective management tools.

What is Business Application Software?

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Business application software is a computer program that automates a specific business function or process. There are various types of business software, each catering to an operation, such as data exchange and inventory ordering. By automating processes, companies can improve their internal communication, productivity, and efficiency. The primary functions of business application software include.

  • Managing data
  • Translating data
  • Creating visual aids
  • Distributing resources
  • Calculating metrics

Application software typically uses a data processing system to develop raw data into comprehensive information. This technology uses calculations and sophisticated algorithms to read and translate datasets, generating inputs to usable outputs. From the yield, businesses can develop detailed reports and actionable insights. Depending on the size of the company, owners can use data processing in each department or grant it to IT managers.

The Top 10 Business Management Software

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Owners should review the best business management software before reaching their final decision.

1. Hubworks

Hubworks is an extensive business management platform that offers a variety of software applications for each industry, from restaurants to retailers. With affordable monthly payment plans, organizations can integrate any number of business applications to automate various processes.

With Hubworks' regulations and safety precautions, companies do not have to worry about compliance or data security. The solution also uses cloud hosting, so organizations don't have to limit their operations to on-site storage capacity.

Best Features

  • Inventory control
  • Inventory ordering
  • Point-of-sale (POS)
  • Task management
  • HACCP compliance
  • Demand forecasting
  • Report generation
  • Food temperature tracking
  • Employee schedules
  • Email marketing
  • System integration

2. ProofHub

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Proofhub offers numerous software programs and features that streamline various business functions. This solution automates data exchange and storage between departments for better communication. It also allows employees to share feedback with one another under the same platform. Proofhub also offers a mobile application that users can download on their personal devices.

Best Features

  • Project and task management
  • Task charts
  • Report and insight generation
  • Time management tracking

3. StudioCloud

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StudioCloud is a relatively new business solution but continues to prove itself to be a reliable enterprise software for flexible companies. With a collaboration of cloud and on-premise software, this solution enables employees to work from anywhere at any time. StudioCloud also has several automation tools, from online scheduling to marketing campaign development, to maintain a smooth workflow.

Best Features

  • Client, customer, and partner management
  • Invoice development and deployment
  • Automated emails
  • Client and contract review
  • Customized software dashboard

4. Timely

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Timely focuses solely on a business's time management to determine their productivity and demanding products. This solution records every activity employees perform within the software and calculates time usage to reduce time management overhead. By generating detailed time reports, companies can improve pricing strategies, resource allocation, and task designation.

Best Features

  • Automatic time tracking
  • Real-time task dashboards
  • Detailed report generation
  • Hourly prices and overtime

5. Scoro

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Scoro is a solution that aims to integrate teams, projects, and reports into a centralized interface. By establishing a universal platform, employees can boost productivity and monitor project progress efficiently. This organizes processes and tasks so businesses can maintain a smooth workflow.

Best Features

  • Track unlimited projects
  • Manage quotes, agreements, and client invoices
  • Track time management and bills of completed tasks
  • Manage all business processes with one solution

6. Odoo

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Odoo is an all-in-one business solution that integrates multiple applications to provide an inclusive management dashboard. This system can facilitate customer relationship management, accounting, inventory, sales, and task designation through different tools. All of these tools use the same programming, making integration seamless and ready to use the same day.

Best Features

  • Robust technical framework
  • Easy-to-use dashboards
  • Real-time communication
  • Enhanced collaboration

7. Netsuite

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Over 40,000 growing businesses use Netsuite for their financial, human resource, and enterprise resource planning tools. These applications are comprehensive and offer companies a heightened level of functionality and productivity. With cloud-based software, employees can take their work around the office and even home.

Best Features

  • Mobile and other digital platforms
  • Enhanced accessibility
  • Key performance indicator and report generation
  • Customizable dashboards
  • Improved resource, project, time, and cost management

8. Timecamp

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Timecamp is another software that tracks the time that employees invest in different activities, tasks, and operations. It also tracks employee attendance and performance in all integrated systems. Therefore, businesses can incorporate Timecamp with their established software to understand where employees spend most of their time. Based on the results, managers can optimize time management and resource allocation.

Best Features

  • Invoice generation and distribution based on time
  • Seamless integration with other project management software
  • Comprehensive user interface
  • Easy time assignment and employee tracking
  • Mobile application

9. HoneyBook

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Honeybook is an all-inclusive business application software that handles back-end and third-party processes. From online client booking to workflow automation, Honeybook synchronizes all operations in one platform. This prevents employees from having to sift through multiple systems to perform tasks.

Best Features

  • Mobile application
  • Automatic invoice generation
  • Digital client contracts for quick signs
  • Easy workflows
  • Improved customer experience

10. Trello

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Trello is a web-based software that includes over 100 integrations, from Google Drive to Jira. Through seamless connection, businesses can optimize their human resource operations, software development, and task management. This makes it easier for workers to take immediate reactions to system events and real-time alerts.

Best Features

  • Easy organization
  • Drag and drop functionality
  • Mobile application
  • Quick overview
  • Adjustable text and visual size

As there are many different types of business application software available for specific companies, owners should carefully review each one.