In a continuously developing business background, business applications are very important to running your business and realize the full possibilities of technology breakthroughs as behind the productivity in a viable world. Enterprises need their task business applications such as Microsoft, oracle, SAP are up and running 24/7. The prepackaged business applications from foremost worldwide product vendors provide most excellent business process. In this competitive environment building new, revenue generating applications will increase the business‘s returns.
Business application means to any application or software that is significant to business users to running various business functions.The enterprises today are building business applications in the cloud, in order to increase revenue. Availability, flexibility, and agility are the main necessities of the applications. Companies of all sizes are running their business applications to simplify infrastructure management, lower cost, deploy more quickly and increase revenue.
Becoming market leaders and gaining a viable circumference will require enterprises to re imagine how they design and manage applications. By re designing applications enterprises can become more alert while elevating customer experiences in a secure atmosphere.
The fundamental incentive for business applications is to raise revenue by cutting expenditure or speeding the productive cycle. in early periods of white collar business automation ,bank cheque clearing and factory accounting software solutions were used in large mainframe computers. The factory accounting software was the most popular business software in earliest period. It includes automation of general ledgers, cost accounting ledgers, accounts receivable and payable ledgers, and fixed assets inventory ledgers.
In the time early 1980 s, arrived new applications, such as CAD-CAM software or Computer –aided drafting for computer –aided manufacturing and project management software to replace the old fashioned drafting board .in this time companies use word perfect business software and mathematical spread sheet program like lotus 1-2-3.later these are shifted to Microsoft word software and Microsoft excel .
Then in 1990 s, midst of globalism a new software SAP comes. It coordinates supply chain of vendors, potentially worldwide, for the most efficient business of factory manufacture
Types of business applications
There are various types of business applications. Determining which one is best for your business is not always easy and will often depend on;
1.The size of business
Within the business environment,the business applications are categorized by small, medium and large matrix.
- In small business consist of home accounting software and office suites like Microsoft, open office.org
- In medium sized applications includes group ware, accounting, customer relationship management, shopping cart software, field service software, human resource management system, and other productivity enhancing software's.
- in large size of business consists enterprise level applications, like enterprise content management, business process management, product life cycle management and enterprise resource planning.
2. Particular requirements of business
Based on the requirements business applications are categorized .i.e.
- Interactive business applications
This type software's have a graphical user interface or user interface. In these users can query, modify, or input data and view results immediately.
- Off the shelf [bespoke ]applications
These applications are built in house and some are bought from vendors. It is either installed on desktops or on big servers.
- Batch mode applications
These types of applications are set up to run based on a pre determined event or time and business user does not need to open them or monitor them.
3.Tasks that need to be automated
Regard as using business applications such as the following to progress your business to the next level.
- Customer relationship management
These types of applications are intended to handle all aspects of prospect and customer commitment.
- Line of business
It is an important need to consider as your company grows up. In this includes the lot from accounting to marketing to supply chain management.
- Network management
The important key of top and bottom line business growth is to improve internal staff productivity. Keep away from old hardware and software, use hybrid or cloud solutions to improve business growth.
Significance of business application
Today, all society needs to depend upon business application services so as to provide the desired outcome. Usually the business applications help businesses to measure or increase their productivity. The small businesses and corporations are used business applications widely. In this time of technological advancement, the modernization of tools used to achieve various objectives. These helps the end users perform single or multiple tasks.
Examples of business application tools
- Digital dashboards
- Enterprise application software
- Resource management
- Reporting software
- Online analytical processing
- scheduling software
- Data mining
- Document management
- Procurement software
- Business performance management
These are the some examples of business applications tools.
In addition, business applications are the important components in the modern industry. These demands high investments and can deliver high returns. Surely it will enhance your business and your business success.