Small businesses need more resources because they are in the growing stage. Any software that you choose to help yourself must be featured and versatile. So here we have discussed certain software and the required features in them precisely.
Before we begin the discussion, every small startup must know that the selected software must have a suitable set of features. Excessive specifications can end up increasing the cost which it is of no use. On the other hand, extremely cheap software might not function properly and that may not fetch the exact worth of your money.
Best software for small businesses and their intended features –
Customer relationship management software feature
Most of the businesses already rely on customer relationship management software because it keeps them away from depending on human management. Each CRM is designed according to the requirement of the organisation. However, you should have a look at the necessary features that every software should have –
- Market automation integration
- Calendar reminder and notification
- Email marketing features
- Mobile access of the software
- Social media integration
- Task management
Data and information security software features
There are different varieties of software that specialise in information security and data collection. It is up to you which variety of business software do you select for yourself. The list of features that any data information and security software must comprise are listed below-
- Spam email detection and removal of unsolicited advertisements
- Tracking of the policies related with service and products or supplier behaviour
- Identifying and keeping a track of database use and misuse
- Absolute protection of financial data
- Real time monitoring
- Updated Antivirus system
Finance and accounting software features
If you come up with the list of features in finance and accounting , probably we already have them in the list. Your finance and accounting software is responsible for calculating your profits and losses and overall taxation. It is important for you to choose a specialised software having bonus features. Here are the necessary features that you should include-
- Track outstanding bills and money receivables.
- Must be helpful in compiling bank reconciliation statement.
- Should create a detailed log of the purchases.
- Should be able to track monetary resources of the company
- Better project accounting management
- better payroll management procedure
Payroll software
Calculating the employee salary and keeping a track of paychecks and direct deposits are very important for a small organisation. The complete HR software in the form of payroll software keeps track of employees accounts, deductions and taxation through the payroll program. Providing employee compensation on a regular basis is a task that both small and big businesses execute . the payroll software helps in mitigating errors along with improving the compliance. Certain features that a payroll software should include are –
- Direct deposition tracking in order to save time in printing and distribution of pay cheques.
- Exact calculation of the employee compensation with a preferred payment method.
- Taxation filing services with utmost security and preciseness
- compensation administration, wage management, bonus and adjustment
