5 Software Tools All Small Businesses Should Use
Software automation and technology have certainly allowed several small companies to adapt their business management functions to meet today’s pandemic-led world’s needs. Contactless transactions, online ordering, mobile payments are now the new normal, and their significance will only continue to increase. For smaller businesses trying to lower costs and absorb customers, it’s time to examine how small business software can take on big challenges and goals — but without a big bill.
Best Accounting Software: Xero
Xero is a cloud-based accounting software particularly targeted at small businesses. It offers tools to help companies track financial performance and cash flow in real-time. It also helps accountants ensure their clients have healthy balance sheets. Financial reports can be personalized to track particular financial KPIs. A comparison of the organization’s financial management and performance against certain periods can also be made.
Best E-Commerce Software: Shopify
Shopify is an all-in-one hosted service that supports small companies in streamlining the process of setting up an online store quickly. Users can create web pages with a built-in online editor with ease, sell their items around the world through local language support, utilize marketing tools, and enhance promotions across social media platforms.
Best Project Management Software: Trello
Trello is a tool that facilitates collaboration and task management. It can be used for a variety of projects like content development, marketing campaigns, sales tracking, customer support, data entry, and HR tracking. It’s key to note that it can be implemented for most projects except budgeting and invoicing, although these documents can be attached.
Best Time Tracking Software: Toggl
Toggl is most suitable for freelancers, extremely small businesses, entrepreneurs who just need a simple time tracker. While there are plenty of good software solutions in the market that include extensive characteristics such as mileage tracking, expense management, employee monitoring, and more, many small businesses don’t require all of those features and don’t want to purchase them either.
Best Online Payment Software: PayPal
PayPal is one of the biggest payment solutions available on the web currently. By using its services, millions of customers and merchants across the globe send and accept payments via credit cards and bank accounts. Therefore, PayPal has become a staple in the eCommerce industry.