Can a business be run with a top-notch team in hand?
The answer is YES and NO.
YES, because your top-notch team will make sure your business is running smoothly. No, because without tools that aid even the best of your team, you are several steps behind your competitors in the busy market that is constantly in need.
Believe it or not, the right tools can break down the most complex of your projects to the last detail, making your employees work productively.
To run an efficient business, you may need to tend to multiple requirements by day including, resources to manage, budgets to allocate, and projects to handle, assigning tasks, collaborating on projects, tracking time, documenting processes for smoother internal processes, or creating a knowledge hub for customers. Not to say, all these should seamlessly tie up to your vision for your firm and employees.
Even with the best team at hand, you may sometimes find it ridiculously difficult to increase your profits and sales, just because you did not embark on the right software for your business.
You need to know which software brings you revenue, eases your work and makes your business grow.
Let's have a look at some of the features of the best business management software for a thriving business like yours.
Table of contents
- Features to look out when choosing a business management software
- 5 best business management software you would want to check out
Features to look out when choosing a business management software
- Can the software tackle management tasks in a short period?
Streamlining the daily activities is crucial for a business. Especially when you are running a tight ship. The software that you choose must be able to manage tasks, including projects, and non-projects and even assign tasks to team members. This software should generate notifications that will keep every stakeholder in the loop about daily tasks and accomplishments. In short, it should be a personal coach for your business.
- Can you collaborate with your team with ease?
Without regular communication with your team, your business is going nowhere. Make sure the software you purchase has this vital feature where you get to communicate with your team even if your team works remotely.
- Can you trust the software with data?
You may need to store and send bulk data that includes documents, images, and contacts across your team or your clients. This means your software should have a secure system that allows the storage and flow of data.
- Are you able to create super quick invoices?
This may need multiple tables, formulas etc to send invoices to vendors and clients. With your business management software, you should be able to send tax-inclusive and tax-exclusive invoices according to your requirements.
- CRM & Sales
At the end of the day it’s about sales and customers, good business management software should be able to act as a CRM and help you track your sales.
- Are your resource management requirements met?
You should choose a software that allows you to manage your inventory, financial resources, skill sets, production resources, etc
5 best business management software you would want to check out
Trello is one of the best software for Startups. It helps manage your team from anywhere. It allows you to easily add team members, deadlines, and task instructions into a Trello card. Trello allows you to track your projects in a visual format. But what's enticing is that it integrates seamlessly with a variety of apps and services your team needs to function, including Slack, Dropbox, Outlook, Gmail, etc.
Trello's key features
- Web-based business management
- Custom Field Actions
- Bulk Data Export
- Task View per Team Member
- Access Control
Trello begins with a free plan. But in addition to it, they offer services to small businesses at $5/ month and $10/ month for teams up to 100 in strength.
Hubspot is a specialized tool for inbound marketing, although you can optimize your content and manage multiple other tasks. With various features, one must keep aside some time to learn how to use it.
Hubspot's key features
- Sales Automation
- Lead Management
- Marketing Automation
- Email Automation and Tracking
- Content Management Dashboard
- Blog Management Dashboard
- Support Tickets Management
HubSpot pricing depends on what hub you choose. For a professional, the price starts at $450 / Month and for an enterprise, the price starts at $1200/ month.
Bitrix24 comes with a wide range of tools for managing your business. It is an all-encompassing software with tools for management, communication, social collaboration, and sales leads. There is even an HR system which is an awesome addition.
Bitrix24's key features
- Task & Project Management
- Kanban Planner
- Gantt Charts
- Quotes & Invoices
- Task Time Tracking
- Task Templates
- Report Builder
- CRM, Workflow, Calendar & Drive Integration
Bitrix24 has a free plan for an unlimited number of users. Although its basic plan comes with $49/ month, the standard plan for $99/ month and for professionals, the plan is at $199/ month.
Retable is an online spreadsheet solution with the power of regulating the database. The software is highly interactive and visual. With Retable you can organize, edit, share the spreadsheets and even collaborate and work with your team. It is easily customisable and helps teams of all sizes to work together. Whatever your requirements are, from HR marketing, sales, project management or design, Retable is a single stop solution to meet your companies’ needs.
Retable's key features
- Custom Views
- Custom Fields
- Real-time Automations
- CSV Viewer and Editor
- Online Forms
- Ready to use templates for different usacases
- Real-time Collaboration
- Kanban Planner
- Integrations with Zapier, Make.com, Pabbly and Custom API
- Organization & team management
- Advanced formulas
Retable offers a one-week free trial. Retable PRO provides a $12/month plan per user and it offers $30/month for teams (starting with 3 users and +12$ per additional user).
Retable also has Enterprise plans for larger teams and organizations.
Odoo is an open-source software packed with expert business tools. With more than 10,000 apps for multiple purposes, Odoo is a one-stop shop for entrepreneurs, sales personnel, marketing teams and more.
Odoo's key features
- Smart Search & Filters
- Customizable Projects
- Document Management
- Pivot Table Analysis
- Time Tracking
- Archive Tasks
- Customer Ticket Management
- Sales Management
- ROI Reporting
- Third-Party App Integrations
- iOS and Android Mobile Apps
Odoo offers a 15-day free trial. Its basic plan starts at 10 Pounds per user per month and is billed annually.
If you have a vision for your business, you should be on the right track as to which business management software to use for your business. Without such expert tools, you may lag, even if you may have the best product or services to offer.
At the end of the day, who wouldn’t want to get their business to the top list?
With the above-curated list of business management software, you have the top 5 to choose from for your firm.
Frequently asked questions
What is business management software?
Business management software is a set of applications or tools that help businesses perform better. They help businesses improve, automate and support their daily activities, thereby ensuring the smooth running of the businesses.
How to choose the right business management software?
While shortlisting the right software for your business, you need to figure out if the software allows you to focus more on your business. If yes, the next thing to look for is, whether the software is customisable and suits your team's strength.
Why is business management software important to businesses?
Business Management software is important to businesses, as they streamline daily business operations and activities.
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