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Entrepreneur Tech: 4 Best Types of Software for New Businesses

Published on 14 September 17
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So you're either considering or have already taken the big step to start your own business. Congratulations—it's a major accomplishment that you deserve a lot of credit for. Among the many things you need to figure out in the early stages of forming your business are the types of software your new company will heavily use.

Software will make starting and running a new business a lot easier, but you have to know what types of software are worth the buy. These four types of software are almost required for small businesses and can drastically improve your chances of success.

1. Office Software

Office suite software is perhaps the type of software that gets the most amount of daily use in any office. Microsoft Office is king without a doubt, but there are other options, and other options might even be better depending on your situation and field.

For example, if you work in the legal field, Word Perfect is still in heavy use and it even has specialized features for legal professionals. There are also free, open source options that are perfect as long as your business doesn't need some of the advanced features of major office suites most people don't use anyway.

2. Cloud Software

Cloud computing is the next big thing in business, and it comes in two flavors that sometimes overlap—cloud storage and cloud software. Many popular software programs, such as Microsoft Office, Adobe's Creative Suite and QuickBooks accounting software now offer, or exclusively offer, access to their programs in the cloud, instead of licenses for individual machines.

Cloud storage options are also great for startups looking to back up their important files. Google Drive might be the most popular cloud storage option for small businesses, because it's free, it stores files in the cloud and allows for easy collaboration.

There are a number of benefits to this—your data is kept secure and is backed up off-site, so a disaster at your company that destroys your servers wouldn't cause you to lose everything.

3. Accounting Software

Some kind of accounting software is a must in nearly any small business. It makes keeping track of things like inventory, invoices and tax information exponentially easier, especially if you do not yet have a dedicated accountant.

With the advent of cloud computing, it's now much simpler and cheaper to simply buy a license for cloud accounting software you can manage yourself, so there's very little reason to not have it. This is often an ideal option for small businesses.

4. HR Software

HR software solutions can make your life a lot easier, especially if you only have one HR specialist or are trying to manage HR matters on your own. HR software products allow you to seamlessly keep track of your existing employees, the hiring process for different positions and employee benefits and policies.

Modern HR software combines these features with a lot of older features that have been around for a long time such as payroll management and time stamps. This has now made it much more affordable for small businesses to have access to these features. HR software also comes with the benefit of improved communication between HR, managers and employees, because all of that information is readily available.

Technology undoubtedly makes things much easier for startups. The right software can increase productivity, take care of specialized matters for you, protect your information and much more, so you can spend more time running your business and less time trying to figure out things technology can now easily accomplish for you.

Always be on the lookout for new software that might be of benefit to your business, especially industry-specific software. By picking the right software, your new business will be off to a great start.

This blog is listed under Development & Implementations and Enterprise Applications Community

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  1. 19 June 21

    izoe provides cloud based accounting software which helps in financial management. it saves time, empowers finance professionals, gives error free solutions and ensures security.

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