Business management software is a large category that encompasses a wide variety of solutions. Let’s look at how it can transform your work routine.
Business management software (BMS) is a type of system that improves the operations of your company, streamlines tasks, and automates business processes.
As you can see, this definition is rather broad. However, so is the range of tools and applications that can be called BMS. There are solutions for all manner of different industries, methodologies, and approaches. One unifying factor is that this software helps you manage your business. For that purpose, it often includes various guidelines, advice, and plans for you to maximize the efficiency, performance, and profits of your organization.
Did you know that somewhere between 20% and 30% of revenue is lost simply due to non-optimal processes? To pinpoint what type of BMS would be the most helpful in your situation you first need to get an understanding of their variety.
An independent study called The False Promise of the App Economy aimed to get an insight into how applications affect IT work. The details can be found in the link above. It has shown some interesting results.
First, let’s look at the number of apps regularly in use. 74% of the survey respondents have stated that they have more than five applications running at any particular point in time. That’s five different things to pay attention to. In addition, for 16% the number of apps used on average goes up to fifteen.
However, these numbers by themselves don’t say much. Let’s look at what respondents think about their situation. 60% say that there are too many apps needed to do even simple tasks, and 67% claim that they would prefer if all the important information was available in a single window.
So, wouldn’t adding another software tool in the form of business management software make the situation even worse? Quite the opposite. In fact, it can replace multiple apps by itself providing you with a comprehensive dashboard and a wide range of functions in one place.
Not all BMS systems are all-encompassing hubs where you can control the entirety of your company. There are systems like that, they are called ERP (more on them later), but more often than not business management software focuses on one or several related aspects of running a business. That way it can fine-tune and perfect the tasks such a system performs. Also, since each company has different goals and objectives, it’s crucial to choose a software solution that fits.
Below are the major types of business management areas and respective tools and features. As you can see, it corresponds well with the types of enterprise software.
BMS has all the necessary functionality to make task assignments, progress tracking, and collaboration easy and quick. Project managers can clearly see the bottlenecks and clear up the backlog. A visual task management system right inside your business management software will also reduce the number of apps you have to use on a daily basis.
Just like individual tasks, business processes have trackable progress. You can make adjustments and shift the focus of a large number of jobs at the same time. Also, you always see how efficient your company is thanks to the tracking functionality.
Proper documentation is necessary not only for compliance but also for efficient and adaptable business. By analyzing your previous work you see areas where you can improve. Having documented details of your business processes helps both new hire and experienced employees better optimize and grasp their tasks.
Not only do you don’t need to pay for the software that becomes obsolete after the implementation of BMS, but there are other cost-saving bonuses there too. The finance management this type of software offers can pinpoint other money-saving opportunities as well.
Consistent work of high quality is something that your clients undoubtedly notice. Tools that provide quality control you can maximize the chances of your customers being satisfied with your goods and/or services. Consistent communication channels and task review features make that possible.
Custom software is naturally very scalable. It is developed for your company and grows along with it. Business management software doesn’t just change with you, but also helps you expand without losing productivity or workflow organization.
BMS systems enable and encourage close collaboration in your day-to-day workflow. This type of software makes it easier for different departments to communicate and exchange ideas. Such input helps you create a sense of community that will only help with the completion of tasks.
You might ask, what makes us qualified to talk about business management software. The answer is quite simple. We have developed our own system from scratch to use within our company. Since it wasn’t originally intended for commercial use, we got to implement the features that would be actually helpful to us at Digital Skynet. We wanted to make sure that the system doesn’t just work, but makes the job of our team easier.
After experiencing the benefits of our BMS system, now called IBISS, we have decided to allow other companies and individuals to try it too. So here is what you can expect from it.
The introduction of business management software in your workflow is guaranteed to make some changes. Their scope is often hard to predict. Sometimes staff just shifts from several systems to a single one saving some time, and sometimes the efficiency skyrockets getting your company to that next level. If you’re not sure which BMS to choose, try IBISS. That way we’ll always be able to help you if you have any questions. Just shoot us a message.