Whether you are a freelancer, small firm, startup, or a large enterprise, you will need some way to manage and keep track of various business activities and operations. If you fail to do so efficiently, the consequences can be really harsh on your business. This is where business management software comes in handy.
Business management software is packed with different features, functionalities, and tools that help you manage and keep all work related to your business in one place. It also enables the automation of many tasks, allowing your team to be more productive and efficient while relying less on manual actions. In a nutshell, business management software is an all-in-one solution for all your business requirements.
There are many business management tools in the market tailored to fulfill certain business demands. You need to select a tool that complies with your business demands, only then you will be able to see fruitful results.
To assist you in navigating the vast ocean of business management tools, we’re going to take a deep dive into some of the most popular and effective options available.
Best Business Management Software Tools in 2022
To make your search easier, we've compiled a list of the top 12 business management software in the market. Let’s get started.
SmartTask is an all-in-one software that caters to day-to-day business needs across various industries. This award-winning tool is well known for its user-friendly interface and its ability to boost team productivity.
It offers different project views that help in managing multiple projects and in-built communication functionalities such as video calls, chat, mentions, comments, and automated check-ins that make collaboration easier than ever.
Its simple hierarchy helps teams stay organized and visualize their day-to-day tasks effortlessly. From sales to operations, project evaluation and management to reporting, SmartTask brings all your business needs onto one platform, saving you a lot of time.
- Milestones and multiple project views like Board, List, Timeline, Calendar, and Portfolio
- Auto-scheduling and recurring tasks
- Time tracking and reporting
- Budgeting and invoicing
- CRM analytics and sales tracking
- Newsfeed and automated check-ins
- Real-time communication and collaboration
- Invite guest users
- Custom charts and custom fields
- Productivity scoring
- 1000+ integrations
Offers a freemium plan. Paid plans start at $5 per user, per month (billed annually).
Bit.ai is a great business management tool for teams of all sizes. It allows you to create interactive documents, organize material in different folders, and communicate in real time.
It even offers a clever search option to help you locate what you're looking for quickly. Furthermore, Bit.ai interacts smoothly with over 100 platforms, which can significantly increase your productivity.
- Real-time collaboration and chat feature
- Smart workspaces
- Customizable workflows
- Fully customizable templates
- Document live sharing and tracking
- Workspace insights
Offers a freemium plan. Paid plans start at $8 per member, per month.
Scoro is a business management application aimed at advertising and creative agencies. The primary characteristics that have made it popular are its enterprise-level reporting and integrated time management.
It is ideal for automating typical tasks such as quoting and billing, as well as tracking sales performance and goals. It does not, however, help single entrepreneurs or businesses that demand specific data entry.
- Highly customizable KPI dashboard
- Shared team calendar & schedules
- Phases and milestones
- Contact management
- Time tracking and billing
- Invoicing & quoting with pre-set templates
Paid plans start at $26 per user, per month (billed annually).
FreshBooks, a popular tool for invoicing and accounting, is one of the best small business management tools when it comes to finances. FreshBooks includes a full suite of accounting capabilities and provides quick and dependable solutions for making invoices, managing expenses, and much more.
The software also supports project management through an extensive feature set. There are some notable features such as centralized file storage, team communication, and project assignment.
- Expense tracking
- Time tracking and billing
- Cost estimates
- Accounting reports
- Customized team permissions
- Team communication
Paid plans start at $15 per month.
Bitrix24 is a CRM, task management, document management, and team collaboration tool all in one. You can create groups, tasks, projects, calendars, and track time. It even enables clients and partners to participate in your projects. Bitrix24, equipped with task templates, repeated tasks, and checklists, assists you in automating your tasks, saving time and effort spent on routine chores.
- CRM & sales automation
- Leads management and tracking
- Workgroups, chats & video calls
- Team collaboration
- Group calendars
- Time management
- MindMap and Billable Hours
- Tasks, Projects & Gantt charts
- HR & Automation
Offers a freemium plan. Paid plans start at $39 per month for 5 users.
HubSpot is another excellent business management tool aimed at marketing and sales automation. The software caters to every area of your inbound marketing. It goes without saying that HubSpot is one of the most effective marketing tools available.
HubSpot claims to handle everything from website traffic and lead management to more complex CRM and sales administration. HubSpot tracks every client engagement down to the most basic information. It is specifically designed to save you time when it comes to sales management.
- Lead generation
- Pipeline management
- Marketing automation
- Email tracking
- Sequential emails
- Templates and canned emails
- Website live chat
- SEO and content strategy tools
- Third-party access
Free plan available. Paid plans start at $45 per month.
Basecamp is an effective tool for businesses looking for project management and team communication solutions. It is well-known in the web design business and was among the earliest project management software.
Basecamp, with its to-do lists, calendars, due dates, and file-sharing features, allows teams to keep track of priorities and actionable tasks.
- Message boards
- Project calendar and schedules
- Separate dashboards
- Real-time team communication
- Group chats
- Automatic check-ins
- Client access
- Hill charts
Offers a freemium plan. Paid plans start at $99 per month.
ProductPlan is one of the best business management tools for creating and managing your product or project roadmap. Project managers prefer this tool for creating a visual roadmap for their projects. This road-mapping application can be used to organize your projects from the development phase to the testing phase.
You can also work with your team to develop a visual roadmap of your product, set estimations, and specify required work in the process to provide your team with a clear view of your strategy. It includes a simple drag-and-drop interface that can assist you in creating a product timeline and remove obstacles during the development phase.
- Timeline and list view
- Create multiple roadmaps
- Planning board
- Create milestones
- Convenient drag and drop functionality
- Easy project sharing with stakeholders
Paid plans start at $39 per editor, per month (billed annually).
inFlow primarily fulfills the demands of inventory managers who require a quick response solution capable of storing and retrieving warehousing-related information on the fly. Having said that, we believe inFlow is an excellent complement for medium and small business owners looking for inventory monitoring solutions.
If you are a startup owner with a few product batches in your warehouse, you might have to rely on committing things to memory. It's a healthy habit, but what if product demand skyrockets and you're left with only a few resources and a slew of inventory management headaches that are guaranteed to wreak havoc on sales? That’s where inventory management software like inFlow can help.
- Stock and order management
- Barcode generation and scanning
- Inventory optimization
- Serial number assignment and tracking
- Customer tracking
- Sales vs. break-even point analysis
- Advanced reporting
- Vendor management
Paid plans start at $79 per month (billed annually).
LiquidPlanner is a business management software that focuses on smart resource planning, risk management, and scheduling.
The features were created in such a way that users may assign resources per task, manage workload by team members, and properly estimate project development so that deadlines and budgets are met. It includes an automated scheduling system that predicts when you'll finish your projects.
- Priority-based scheduling
- Team collaboration
- Time tracking
- Drag-and-drop prioritization
- Analytics & reporting
- Workspace chatter
- Client sharing
- Baseline view
- Task management
- Project planning
Offers a freemium plan. Paid plans start at $15 per user, per month (billed annually).
11. Microsoft SQL Server
Microsoft SQL Server is a powerful tool for data management. While running a business, it's obvious that a massive amount of data is generated every second. The data exceeds gigabytes, terabytes, and millions of bytes in size. Managing such a large volume of data is no less than a headache because you require a system that not only saves the data, but also keeps it secure, structured, and quick to retrieve.
Microsoft has already gained our trust with its innovative and efficient solutions, and the Microsoft SQL Server is another example of its brilliance.
- Analyzes all types of data
- Available across various platforms and in multiple languages
- Highly secure databases
- Offers big data clusters
- Integration with third-party apps
Offers a freemium plan. Paid plans start at $209.
Paymo is a modern business management tool for small enterprises and hybrid teams. People from many departments all over the world utilize it, including creative experts, web designers, marketers, and business advisors.
It has a plethora of features that allow you to keep track of a project's complete life cycle — from development to payment — without having to use and pay for several apps.
- Alerts for major events
- Gantt chart
- Critical path creation
- Team collaboration and activity tracking
- Resource management
- Billing & invoicing
- Customizable time and work reports
- Contact database management
- Customizable Templates
Offers a freemium plan. Paid plans start at $9.95 per user, per month (billed annually).
How to Select the Most Suitable Business Management Software
There are numerous variables to consider when selecting the right business management software for your organization. This choice is determined by elements such as a company's size, needs, jobs, and processes that must be automated.
However, you can ensure that your business management software has some basic features such as:
- Management of projects and tasks
- Capabilities for tracking time
- Document sharing and file storage
- Real-time collaboration and communication
- Budget and invoice management
- Management of resources
Your business management software must comply with your business requirements and methodologies. Otherwise, an ill-fitted software or tool can be a burden for your team rather than making things simpler for them.
It is critical to use business management strategies to streamline your daily tasks. Good business management software not only helps you improve your talents, but it also helps you balance many of your business procedures. Modern project tools are a manager's best friend when it comes to coping with project unpredictability. At the end of the day, everyone wants a more successful organization and happier employees, which can only be accomplished by competent management.
I hope that you will find the ideal tool for your business among this list of 12 business management tools. Select the best business management software for your team and achieve your goals more efficiently.