3 Key Examples of Business Software

Written by James Wilson
1 min, 58 secs Read
Updated On November 22, 2023

In the modern world of business, there is an immense reliance on computer software, to enable the smooth functioning of operations in every organization. Computers have been widely available for business use since the 1950s, and have dramatically improved efficiency and day-to-day working practices. It is fair to say that no modern company, could function effectively, without the use of current business software. 

In this article, we explore three key types of business software, currently being used around the world to drive tasks and ensure that businesses can function effectively.

Microsoft Office

The business applications included in the Microsoft Office suite of products have become one of the most prominent sets of software that are used on a daily basis by the business. Over three and a half million businesses around the world, use the current version of Microsoft Office (Office 365) for their business needs. Key applications in this software package, include MS Word – offering a range of word processing tasks such as report writing and memos; MS Excel, which is used extensively for statistical analysis, charts, and graphics that are embedded in corporate reporting; and MS PowerPoint – another powerful business tool that has become one of the main applications for presentations and meetings.

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Human Resources software

Many leading firms today use sophisticated HR software to enable the efficient running of a range of HR processes. Today’s dedicated HR software, can assist with the onboarding of new employees, help to keep a track of timesheets, and is able to provide reports on working hours and tasks undertaken. This software also enables the automation of payroll-related activities, which saves time and labor. High-quality HR software supports employees through every stage of their employment, and is immensely beneficial, in terms of streamlining this business function.

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Video conferencing software

The covid-19 pandemic, brought with it, the necessity to change business practices for numerous organizations. In the wake of lockdowns and restrictions on movement, one key piece of business software that helped organizations to continue to function effectively was, video conferencing software. Packages such as Skype, MS Teams, and Zoom, have become an everyday application in today’s world of business. The use of this software has enabled employees to work remotely, and effectively while keeping abreast of day-to-day developments within their organization. 

As the effects of the pandemic begin to lessen, many employees are still being offered remote or hybrid models of work, thanks to video conferencing software. The need to be physically present in an office is less important in the business world today, and by having the option of remote or hybrid working, many employees benefit from an improved work-life balance, by cutting out the commute. 

The mass adoption of video conferencing software in recent years has revolutionized perceptions and attitudes about what constitutes a working day. This modern technology increases the flexibility of working patterns, and for many workers, it has meant a huge improvement in their working lives.

Author: James Wilson