business software applications

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Nana

Unit 21 p2

Business Software Applications

In this assignment I will be looking at different types of business software applications. There are many types of software’s but I will be limiting myself to only four of them. These are

  1. Financial software
  2. Human resources software
  3. Transaction processing and web designing software
  4. Client record and customer query processing software

Financial software

This is a software designed help businesses manage the inflows and outflows their money. Sage Instant Accounts is a good example of financial software. This software is basically a bookkeeping solution designed specifically for small and start-up businesses. It enables businesses do their accounts in hours instead of days. Financial software makes it very easy for businesses to run profit and loss and balance sheet reports at the touch of a button. It also helps in Preparing VAT Returns easily. Financial software’s basically aids business to work at a faster rate and also minimize the amount of errors. Controlling errors is very important to business because just one error can make a firm lose a lot of money.  

HR software

This is a type of software which has been designed to help businesses control and monitor human resources electronically. Hr software helps businesses to easily manage their firm in terms of thing such as monitoring staff recruitments, discipline and grievance, payroll and company benefits.

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An example of HR software is Peoplesoft.  Peoplesoft is a basically a multifunctional software. Apart from it performing the HR software functions, it also allows businesses to become more effective in terms of distribution, manufacturing, supply and chain and other vertical market.

Selecting the right software and systems will ensure successful completion of the Human Resources systems. Equally important is the selection of the right supplier who can really understand customer requirements and set up an effective working relationship.

Transaction processing and web operations software

Transaction processing and web operations software is basically designed to help businesses ...

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