INTRODUCTION:
Today, we have a study on management software but first let us ask ourselves a few questions about information gathering in our organization. How long does it take to move information internally and externally? If the people assigned to information dissemination are not present does information gathering take a longer time to gain information? How do we solve this and many other questions? Ever read or heard about management software? If you have or not this is an opportunity to clear what it really is. A management software is an application that helps business to support, improve and automate their processes.
FIVE COMMONLY USED MANAGEMENT SOFTWARE
Below are a few examples of management software with its description as follows
- BUSINESS INVOICING SOFTWARE
- DATABASE MANAGEMENT SOFTWARE
- ASSET MANAGEMENT SOFTWARE
- WORD PROCESSING MANAGEMENT SOFTWARE
- CUSTOMER RELATIONSHIP MANAGEMENT SOFTWARE
Business Invoicing Programs (BIP):
BIP is a tool that automatically generates billing for rendered services and products. This program or software manages the electronic means of giving out bills by using ready-made templates created by the organization. This makes the work of the finance personnel and management easy because it gives quick billing and tracking system to be able to issue out bills to purchasers
Asset Management Software (ASM):
ASM manages overall cycle of assets, it also serves as a centralized system that allows an organization to track important details about each asset in real time, also it stores details and documents for each asset. With that, you can upload critical documents in a matter of seconds, ASM also allows you to prioritize service tickets i.e. looking up into details of requests received and determining which one to tackle first.
Customer Relationship Management Software (CRM):
CRM is any tool strategy or process that helps businesses better organize and access customer data. It helps with contact management, sales management, productivity and so on. CRM enables your organization to stay connected to customers, streamline processes and improve profitability. CRM gives entire overview in one customized dashboard that gives customers’ previous history with the organization, the status of their orders, any outstanding customer service issue and so on.
Database Management Software (DBMS):
DBMS is a software package designed to define, manipulate, retrieve and manage data in a database. Technical right? Now let us have a breakdown. DBMS helps to handle, recover and be in charge of all recorded facts and statistics from the clients in an organization. DBMS is a vital tool to store organize and locate information simply. Example of database is a simple list of names and their associated numbers
Word Processing Management Software (WPM):
WPM allows you to type words or texts which shows up in a virtual “document” on your computer screen which in turn be printed or sent electronically. Microsoft Word is an example of word processing software. WPM enables a user to write, edit, format and send information to a printer. WPM gives a computer instruction in accomplishing a task.
IMPACTS OF MANAGEMENT SOFTWARE
- Effortless project planning reduces wastage in project planning and serves as solution to service delivery
- Balanced resource management encourages healthier management of software to identify resource bottlenecks and provide insights as to when to bring more people onto the team.
- Pipeline forecasting: Management software gives an overview of finished, running and planned projects so all kind of bottlenecks can be prevented before they lead to disaster.
- Improved Team Collaboration: Management Software gives employees a method to collaborate on projects by discussing tasks, timelines, dependencies, outstanding work and so on.
- Real Time Project Budget Management: Budgets are among one of the most important items in controlling projects. Management Software helps control the budget from the initial statement of work to the final delivery.
