The global market size for business software is valued at $388.98 billion as of 2020. In 2025, the industry is expected to generate a revenue of a staggering $650.13 billion.
It’s easy to see why the enterprise software industry has enjoyed such massive growth in recent years. Every day, the volume of business data grows rapidly, necessitating the use of software to manage it. Small businesses across all industries have also increasingly automated business processes, leading to increased demand for reliable small business software.
If you recently started a small business, having the right software for the job can make help you thrive in an increasingly competitive business environment. The challenge, of course, is identifying what tools can make the biggest difference.
It’s the reason why we created this comprehensive guide. Here, we highlight some of the top software that can help cater to the needs of your business in 2020.
Why Does Your Business Need Small Business Software?
The right tools and software can greatly enhance your efficiency. Modern technology makes it possible for real-time deployment and delivery of critical information, ensuring that you have immediate, secure, and reliable access to business data wherever and whenever it’s required.
For you to scale, you need to prioritize and optimize teamwork. That’s where small business software comes in, helping you successfully track employee performance and productivity, among other things.
Let’s take a look at what software you might need.
Communication Software for Small Businesses
Effective communication is essential for the growth and success of any business. This communication can be in different forms, including the following.
Currently, there are various tools that allow direct, one-on-one, and team communication. These tools allow your staff to send and receive files, information, and small business ideas in real-time and are quite helpful for remote collaboration.
What makes Flock so popular as a team communication is that it’s much more than a messenger. It’s a collaboration hub that enables your team to get more work done more quickly.
The software keeps your team connected with direct and team messaging platforms, video conferencing, shared notes, custom group emailing, company directories, and so on. All this is done using a single app.
The service is available in two plans. There’s a basic plan that’s free and a Pro version that’s available for $4.50 per user per month.
Another wildly popular small business software, Slack’s features are similar to those of Flock. However, this app costs more per user per month.
Slack is available in three plans. Basic comes free, while the Standard version costs $6.67 per user per month. There’s also Plus that costs $12.50 per user per month.
Video conferencing tools provide your team with the flexibility to communicate face-to-face from anywhere across different devices. The best software integrates screen-recording, screen-sharing, and video streaming features to help businesses conduct virtual meetings.
Video Meetings by Phone.com plans start at less than $5 per month.
For years, email has remained the most popular business communication method. One of the best email communication software in the market is Gmail for G Suite. The software gives businesses a personalized email address and full access to Google’s suite of business products that help you consolidate and optimize your business communication.
Gmail for G Suite is available for a free trial period of 14 days. After that, you need to pay $6 per month.
Bookkeeping Software for Small Businesses
Bookkeeping tools help you stay on top of your income and business expenses. There’s a variety of tools and tax software that can help you effectively create and maintain your financial records all year round.
One of the more popular bookkeeping tools is Intuit QuickBooks. The cloud-based accounting is specifically designed for SMEs and does everything from bill pay to money management to payroll.
QuickBooks is available in four plans, all of which are billed monthly. Simple Start costs $12, while Essentials is available for $20 per month. You can also opt for Plus at $35 a month, or go for the Advanced plan that costs $75 per month.
Project Management Software for Small Businesses
The main purpose of project management software is to help you track and optimize teamwork and productivity. One such tool is Asana. Asana helps your team remain focused on your business goals, tasks, and projects.
This software enables you to view all your business projects in list view, calendar view, or board view. You can then assign business tasks that have due dates to different teams. The tool is versatile and features an attractive, easy-to-navigate user interface.
Asana comes in three plans. There’s the basic version that’s free, the Premium version that costs $11 per user per month, and the Business plan available for $25 per user per month.
CRM Software for Small Businesses
The ability to manage all of your small business’ touchpoints with current and potential customers is essential in driving profitability. A reliable customer relationship management (CRM) tool like AllProWebTools can help you meet this goal.
This platform brings sales, marketing, and customer service features under one app. Users can enjoy features like analytics, lead generation, and automation.
Get the Right Software for Your Small Business
In today’s business world, the goal should always be to work smart, not hard. With the right small business software, you can make sure that you’re keeping your best work forward.
Are you looking for reliable virtual phone systems solutions for your business? Please contact us today.