What are the Types of Enterprise Software?

It is always a challenge for a business to handle its operations manually with breakthrough changes occurring in the market. The advancements in software development are always a blessing for businesses to function seamlessly and hassle-free. The business is constantly evolving and growing enormously and so is the need for software development within the enterprise. Well, this blog is a disclosure on what is enterprise software and types of enterprise software that can be a boon for any business to boost sales and maximize profitability.

Enterprises at every level are making a constant move towards developing software that will streamline and augment their business. It startled as a buzzword but now has settled among businesses on how enterprise software can benefit their enterprise in the long term and what are some of the major examples of enterprise software.

To start with we will take a brief run-through on what is enterprise software?

The definition of enterprise software isn’t tricky. Enterprise software is software that is designed to cater to unique business needs unlike addressing individual customer demands. 

If this doesn’t sound simple, let’s understand it in depth.

Table of Content

  1. What is Enterprise Software?
  2. What are the Examples of Enterprise Application?
    1. Enterprise Resource Planning (ERP)
    2. Customer Relationships Management (CRM)
    3. Business Intelligence (BI)
    4. Human Resource Management (HRM)
    5. Supply Chain Management (SCM)
  3. Conclusion

1. What is Enterprise Software?

Every enterprise has unique business needs and to address these enterprise needs through software, companies develop software solutions. This software solution that manages the needs and functions of an enterprise is called an enterprise software solution or an Enterprise software application. 

Usually, when we hear the “enterprise” word in a conversation, it doesn’t mean that the reference is just to large-scale enterprises. It is basically referring to organization with unique business needs and that can be any size of enterprise from large, mid-size, and small business. The only distinguishing factor here is unique software requirements. Businesses should cater to these requirements through a single- multifunctional application.

Now, if this question arises in your mind that what benefits does enterprise software offer and a normal software solution cannot? Then, the answer to this is enterprise software is a one-stop solution to multiple business challenges that optimize business operations and enhance the bottom line of business systems.

2. What are the Examples of Enterprise Software Application?

Enterprise software needs can be unique as per the unique needs of the market and the business. Say, for example,  you are a pharma enterprise, your enterprise may need a system that efficiently manages your customer and your relationship with your customer. On the other hand, if you are a software development company then you might need a proper enterprise planner that efficiently manages your resources, their payroll, and other necessary employer details. So these are some of the needs that every enterprise may need to survive in the market.  

Now we will be discussing the top 5 Enterprise software that is a key differentiator for businesses that can establish transparent communication and boost productivity. Here are the top 5 enterprise solutions that are indispensable for almost all types of businesses. Without much ado, let’s explore each one deeply.

Enterprise-driven Applications

1. Enterprise Resource Planning (ERP)

  • Introduction to Software 

ERP or Enterprise Resource Planning is a process of systematically gathering all information in a system and digitalizing it into different modules. It will create a simpler network between multiple departments and this way, everyone in the company will operate off of a centralized database and get real-time updates. 

  • Capability of Software

ERP (enterprise resource planning) framework is a bundle of all kinds of business software into a single box. This software, also known as modules, may be obtained individually or as part of an ERP framework. These programs are often designed around the customer relationship module which can include supply chain, procurement. And warehouse management, and HR/labor management, depending on the industry vertical.

Does not restrict itself to just one industry, or company size of the domain, every enterprise with the willingness to manage multiple processes efficiently.

2. Customer Relationships Management(CRM)

  • Introduction to Software 

CRM is a synonym for satisfactory customer experience. Yes, Customer relationship management software is software that sophisticatedly manages customer data with every possible detail that would upsell sales, cross-sell and promote enterprise at all levels.CRM is like a brain for business and helps businesses meticulously manage all data and deliver exceptional business results. 

  • Capability of Software

CRM programs are more focused on marketing, including lead generation, nurturing, sales pipeline growth and implementation, and customer support. You must enter all the information about your contacts and records meticulously. This includes personal details, shopping history, refunds and grievances, and customer service.

All types of businesses specifically, retail, eCommerce, manufacturing industries, or any sort of business that deals with customers on an everyday basis can efficiently use this type of enterprise software application. Any customized CRM is capable of managing social media activities, sales lead management, showing exact project progress status. And many more important aspects that make enterprise software sustainable.

3. Business Intelligence (BI)

  • Introduction to Software 

It’s time to imbibe intelligence in your monotonous business. With business intelligence tools within your enterprise, your organization can take benefits of enterprise software services that gather data and convert it into information for actionable business decisions. Using BI is a strategic way of gaining a competitive edge by using the right set of data, with logical reasons and analytical findings. 

  • Capability of Software

The word “business intelligence” is often used to describe a collection of resources that provide fast, easy-to-understand access to data-driven insights regarding an organization’s current state. Business intelligence tools are one such enterprise software solutions that not just offers an analysis of data but also creates a dashboard showing a graphical representation of summaries through charts, graphs, bars, and other pictorial representations. These reports can also be downloaded and business leaders can analyze them in real-time and take necessary steps at right time.

4. Human Resource Management (HRM)

  • Introduction to Software 

Human Resource management is a tedious and time-consuming task where businesses have to invest time in mundane tasks to get desired results. With the advent of automation, the HRM tools were initialized. To bring hundreds of right resources on board, it is important for businesses to automate other tasks and make employees free to sieve out the best talent Any enterprise wants to hire employees who are professional and knowledgeable in order to make their company the best it can be. Human resource is the foundation of all these challenges.

  • Capability of Software

Another high-performing and competent enterprise software is the Human resource management system. HRM tools manage everything from employee recruitment, selection, induction, orientation, preparation. From advancement, success appraisal, pay. And from benefits, empowering workers, establishing properties with employees. Their labor unions, and ensuring employee protection, security, and fitness measures are all part of human resource management.

5. Supply Chain Management System (SCM)

  • Introduction to Software 

Supply chain software in simple terms is handling the flow of supply chain networks that includes the flow of goods, services that include raw materials as well we packed items. Supply chain management is a systematic process of managing the workflow from scratch of products to final delivery. SCMs allow businesses to monitor marketing and sales KPIs, streamline processes, and boost profits. For businesses like retail and eCommerce, Supply chain management and logistics are boons and can help them craft strategies that benefit an enterprise in the long run.

  • Capability of Software

From the sourcing of raw materials, equipment, and supplies to the delivery of finished goods to end-users. And supply chain management (SCM) is concerned with preparing & managing the movement of products. Market forecasting, manufacturing, inventory control, supply quest, logistics, commodity transportation. And a variety of other processes can all be managed with an SCM system.

5. Why Should Every Business Adopt Enterprise Software Development?

Holistically speaking, the entire blog was a clear demonstration of how enterprise software is imperative for your business and its benefits. Every business knowingly or unknowingly is using this software within the business in some smaller form. Building enterprise software shapes up the foundation of business, allowing them to easily manage their regular operations with custom features and functions. The business analytics aspect of enterprise software offers clients consistent feedback and regular updates on developed applications. These are not just applications but information systems displaying the best use of technology for your business.

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Itesh Sharma

Itesh Sharma is core member of Sales Department at TatvaSoft. He has got more than 6 years of experience in handling the task related to Customer Management and Project Management. Apart from his profession he also has keen interest in sharing the insight on different methodologies of software development.

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