Is your small business compatible with the emerging digital world of technologies and software? If you haven't already, do so immediately! As we all know, small businesses took a significant hit as a result of the pandemic and were forced to devise some efficient methods to keep their operations afloat. During the pandemic era, small enterprises faced some unique obstacles.
To cope with the unprecedented challenges, they integrated the best software for small businesses according to their requirements. There are plenty of small business software solutions that streamline the entire business process and can serve as a one-stop-shop for SMEs.
In 2020 and 2021, automation and software technology
reached their pinnacle. To adapt to the new normal, small firms incorporated diverse software into their operations. Here is some of the most essential and best software for small businesses in the year 2022 and beyond.
Statista forecasts that the software market will restart growing in 2021 and reach more than 570 billion US dollars in 2022.
“CIOs and CISOs have such a unique opportunity right now to drive the enterprise forward. Be that through shaping corporate culture or guiding the company through their digital journey, technology leaders have a strong upper hand . . . it’s a great time for the enterprise but it’s also a great time for technology leaders to position themselves for space in the boardroom. This is a career-defining moment.”
- Hunter Muller, President & CEO, HMG Strategy
Importance Of Use of Software for Small Businesses
Software solutions can be utilized to minimize inefficiencies, incorporate processes, and increase overall operational efficiency.
Below are a few more points highlighting the importance of software for small businesses:
To automate various business processes that were previously hard and time-consuming.
To execute a variety of duties, including word processing, payroll, bookkeeping, and customer relationship management.
It reduces workload and aids in the removal of human errors; as a result, effectiveness and consistency are increased.
To assist you in tracking your clients and prospects throughout the buyer's journey, resulting in the capture of high-quality leads and opportunities and an increase in sales and revenue.
To maintain the organization of your Bookkeepers financial data and provide you with pertinent information whenever you need it.
To assist you in staying competitive in the corporate world.
“The advancement of technology is based on making it fit in so that you don't really even notice it, so it's part of everyday life.”
- Bill Gates, Co-founder of Microsoft
Best Software for Small Businesses
Best Accounting Software
As we all know, accurate bookkeeping is a time-consuming task that is necessary for all businesses. We have a number of the best and most simple bookkeeping software for small businesses. Accounting software enables businesses to easily organize their activities and carry out their decision-making processes.
QuickBooks is a simple accounting software designed for small businesses.
According to Hello Leads, significant small firms such as ad hoc, RoofandFloor-Online Housing Solution, Co Hiring & Recruitment Solutions, and Clearly Blue Digital Content Marketing Agency are all heavy users of Quickbooks.
Quickbooks supports approximately 30 million profiles, with small businesses accounting for 80 percent of them.
QuickBooks Online has the following features:
Align interface with bank accounts and payment systems
Convenient and continuous access to your account to assist you in managing taxes, invoices, and sales receipts
Inventory management, among others
Best eCommerce Software
Shopify has been a popular eCommerce platform for small businesses in recent years, particularly during the pandemic. Shopify is a one-stop-shop for everything you need to get your eCommerce store up and operating, from getting your business online to making it ready to sell.
It is sometimes referred to as a ‘small business sales software’ because it enables clients to easily browse your products, compare them, and ultimately purchase them. Shopify enables you to chat online with customers, track orders, and send invoices. With Shopify's 'Lite Plan,' you can accept payments in-person via the company's point-of-sale application.
Small Business Payroll Software
Gusto was ranked among the best software for small businesses as payroll software. It is a full-service payroll solution that also supports human resources at a reasonable price. Gusto is regarded as one of the best payroll software solutions
; in addition to its main features, it also supports direct deposit and card payments. Additionally, it sends an onboarding email reminder to each new recruit, allowing them to complete their paperwork prior to reporting to the office.
It has only two disadvantages: restricted health insurance coverage and the absence of a professional payroll specialist. Nonetheless, Gusto is an advantageous payroll software partner due to its intuitive design and effective tools.
There are many simple accounting software for small businesses out there, but Gusto is one of the most popular ones.
CRM Software for Small Businesses
In 2021, HubSpot was a fantastic CRM software for small businesses; it has click-to-call and call recording, allowing you to manage customers more effectively. Its free edition significantly enhances sales processes and client data organization.
HubSpot offers a completely free CRM that is not time-limited and supports an unlimited number of users and up to 1 million contacts. The free CRM from HubSpot has a task dashboard, automatic sales tracking, contact and lead management, and sales pipeline management.
Statista forecasts that the global customer relationship management (CRM) software market will reach 43.5 billion US dollars in 2024.
Project Management Software
GanttPRO is frequently used in a variety of small enterprises for jobs ranging from intricate software development and construction to more straightforward marketing, retail, and event planning. It is a comprehensive project management software designed to help project teams plan, manage, and execute projects
Here is a great case study of a business that uses GanttPRO. Supernova is an online retailer established in Singapore that specializes in revolutionary health, beauty, and fitness items. They tried to organize projects via Google Sheets with a large product development team but found it difficult. They conducted an extensive study and determined that GanttPRO was the clear tool of choice for their needs. The software offered capabilities such as automatic resource planning, email reminders, and others. The basis for the selection was that it featured by far the best Gantt chart functionality and was also extremely competitively priced.
There are hundreds of software available for small enterprises. However, the blog above highlights the best software for small businesses to be considered in the upcoming year of 2022. The right software can help you cut costs, streamline operations, or improve the client experience. In other words, it can completely transform your business. So here we are to help you out by selecting the right software solution for your specific needs.
What software would a small business need?
Small businesses will definitely need to incorporate the software mentioned below.
Project management software
Email automation software
Why does a business need software?
By utilizing software to address a business's unique requirements, a business can increase its efficiency and performance and easily beat its competition. Numerous tasks inside a company can be automated, thereby reducing their workload.
What is software used for?
The term "software" refers to the collection of all programs, methods, and routines connected with an operation. Software is a generic term used to refer to applications, scripts, and programs that run on a device. Software is the opposite of hardware.