Computer software can be utilized to simplify business processes, increasing productivity and reducing costs. This is done by removing manual data entry from the process and limiting human errors. A few examples of Business Software are word processing software (like Word Perfect and Microsoft Word) as well as spreadsheets with mathematical functions like Lotus 1-2-3 and Excel, database management systems like Oracle and SQL Server desktop publishing software and CAD-CAM systems that aid in manufacturing, design, and engineering. Robotic process automation (RPA) is a brand new business software category aimed to automate repetitive tasks done click to read by humans, thereby increasing efficiency and reducing cost.

There are many types of Business Software, the most commonly used applications are accounting and bookkeeping, customer relationship management, project management, warehouse and inventory management, and human resources management. These systems enable businesses to eliminate tedious manual tasks, reduce costs, and improve profitability.

Payroll systems, communication software and time-tracking programs are important elements of business software, too. Payroll systems that are up to date and accurate can boost employee satisfaction and morale. Communication software makes it simple for employees to communicate with one with their colleagues and clients from outside and save businesses money by stopping miscommunications. Time-tracking software enables employees to keep track of their hours and provide clients with accurate estimates for projects. This can help with invoice processing and payment processing by ensuring that all hours are recorded. Small businesses can manage their finances more easily.