Software for small business

Small businesses work on a smaller scale as compared to mid-sized or large businesses. Small business can be anything ranging from a small grocery store to an auto workshop. However small the business maybe for its success it needs to run a few core processes. These processes depend on the nature of the business though. If it’s deals in physical items an inventory has to be maintained. Project management is required for a services business. Payroll also needs to be managed. Accounting and bookkeeping are vital for any business. Business development and customer relationship management are also important for small business especially if they are providing services. The core processes for the small businesses can’t be ignored. Now the business owner has a choice to either run them manually or use computer software for that matter. In this article we will be discussing the effective way to run these processes using a cloud based ERP for small businesses.

Let’s discuss various business types and the common problems they might have. If you are a small trading concern you need to track your inventory. Running inventory should be enough to fulfill customer requirements at all times. A track of items that have been shelved for a long time is needed. The inventory pricing: sale and purchase should be historically maintained. Vendors should be tracked and purchase history maintained. These problems can be solved by an inventory management system.

If you are a services based business then you have two important departments to handle: Project management and customer relationship management. Customer relationship management is fundamental for reaching out to your customer base. You can manage your leads or opportunities through this. Deals can be given to a customer based on market segmentation and the post sales process can be handled. For this CRM software facilitates the business owner.

Project management basically ensures successful delivery of the project. The purpose is to ensure that project delivery was on time and costs were reasonable. Businesses thrive on success and profitability of projects. To have all this in place a project management systems are utilized by successful businesses.

Businesses big or small have to handle human resources. Payroll management is a fundamental part of human resource management. Manual handling of payrolls can be a headache. It has also been observed that keeping up the staff attendance is easier in automated systems as compared to the manual methods. Nowadays biometric devices are integrated with payroll management systems. Businesses with proper human resource management systems in place are observed to be more productive.

Accounting and bookkeeping is the backbone of any business. Handling of books manually has many inherent issues. Tax season can be a headache if everything is being handled with pen and paper. Businesses can utilize the accounting and bookkeeping software. The software ensures that accounting principles are followed and proper double entry ledgers are maintained. Successful businesses today harness the capabilities of accounting software for small businesses.