Business Management Software

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FrontRunners 2022

With an integrated system that includes ERP, financials, commerce, inventory management, HR, PSA, supply chain management, CRM and more – NetSuite enables fast-growing businesses across all industries to work more effectively by a...Read more about NetSuite

FrontRunners 2022 is an award-winning work and project management platform that helps teams of all sizes plan, prioritize, manage, and execute their work more effectively. The platform offers solutions for a wide range of use-cases such...Read more about


FrontRunners 2022

Odoo Point of Sale (POS) is part of Odoo’s integrated suite of business applications. The module is available both on and offline and provides unified data across stores and has an integrated inventory management function. Od...Read more about Odoo


FrontRunners 2022

Bitrix24 is an online workspace for small, medium, and large businesses. It features over 35 cross-integrated tools, including CRM, tasks, Kanban board, Gantt chart, messenger, video calls, file storage, workflow automation, and m...Read more about Bitrix24


ClickUp is a cloud-based collaboration and project management tool suitable for businesses of all sizes and industries. Features include communication and collaboration tools, task assignments and statuses, alerts and a task toolb...Read more about ClickUp


FrontRunners 2022

Wrike is a cloud-based project management platform for teams of 20+ that is suitable for both large enterprises and SMBs. It supports remote work for various teams. This solution comes with Gantt charts, calendars, workload view f...Read more about Wrike


Mindbody is a cloud-based club management and appointment scheduling solution designed for the needs of small to midsize businesses. The product is primarily used by gyms, fitness and personal training centers, salons, spas and ma...Read more about Mindbody is Australian-owned and -developed software that combines task and project management with time tracking and billing to provide an all-in-one productivity tool for freelancers, consultants and teams. Managing any number o...Read more about

4.41 (46 reviews)


Software for micro to middle-sized businesses offering cleaning services: Maid Service, Home Cleaning, Carpet Cleaning, House Cleaning Companies, Property Management Service Providers, Residential Cleaning Companies, and others. H...Read more about Houseservice365

4.50 (2 reviews)


Booker by MINDBODY is a cloud-based booking solution that provides businesses in cosmetics and wellness industry such as spas and salons, tools, which help them to manage their booking routines, payments, customer interactions and...Read more about Booker

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Cool Life CRM

Cool Life CRM is a cloud-based customer relationship management (CRM) solution designed for businesses across various industries such as textiles, investment banking, food and beverages, health and wellness and more. Key features ...Read more about Cool Life CRM

4.35 (17 reviews)


17hats is a cloud-based business management platform that helps automate the entire business process. It caters to a wide spectrum of small scale businesses by providing them with tools that allow them to manage operations such as...Read more about 17hats

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FrontRunners 2022

Striven is a cloud-based enterprise resource planning (ERP) solution suitable for many industries and organizations of all sizes. It offers features for accounting, inventory management, human resources, customer relationship mana...Read more about Striven

4.79 (63 reviews)

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Accountri is a cloud-based business management solution, which helps small to large organizations manage employees and contracts, track goals and monitor expenses. Key features include workflow automation, taxation, employee recog...Read more about Accountri

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FrontRunners 2022

Founded in 2002 and acquired by ProActive Software Ltd in 2003, ProWorkflow is a cloud-based project management and time tracking software that caters to companies of all sizes. ProWorkflow includes all the features of a trad...Read more about ProWorkflow

Learn More is an all-in-one platform powering the next generation of fitness businesses. The platform includes everything you need to manage your fitness studio, gym, personal training business, or wellness center t...Read more about

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Wellyx is a cloud-based business management solution designed to help gyms and fitness centers manage processes related to memberships, staff, payments, communications, leads, access control and more. The solution comes with a sch...Read more about Wellyx

4.56 (9 reviews)

Intact iQ

Intact iQ is a hybrid enterprise resource planning (ERP) solution that helps organizations to share their resources and information across various departments. The solution can either be deployed on-premise or hosted in the cloud....Read more about Intact iQ

4.00 (7 reviews)


Tranzactor is an integrations tool for the logistics and trucking industry, which allows businesses to integrate data from a range of third party applications including TMW Suite, TruckMate, McLeod, MercuryGate, and more. The Tran...Read more about Tranzactor

5.00 (1 reviews)

Houzz Pro

Houzz Pro is a lead and project management solution that streamlines processes for businesses of all sizes by centralizing all needs into one place. Key features include project management, lead management with client dashboards, ...Read more about Houzz Pro

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Buyers Guide

Last Updated: May 26, 2022

What do you need to run a business? In the digital age, a “good business sense” no longer guarantees success. To remain competitive, many small and midsize businesses (SMBs) are adopting software to streamline operations.

There are several business management systems to choose from, designed to serve every type of user need, including specialized tools, industry specific software and products that verge on robust enterprise resource planning (ERP) suites.

We created this buyer’s guide to help you better understand how to select the right business management software for your organization.

Whether you’re looking to invest in business management software for the first time or looking to upgrade your current system, this guide can help you make a more informed purchase decision.

Here’s what we'll cover:

What Is Business Management Software?
Common Capabilities of Business Management Software
Key Purchase Considerations
What Type of Buyer Are You?

What Is Business Management Software?

Business management systems help automate the administrative, day-to-day business functions that keep your company running smoothly, such as:

  • Billing and invoicing
  • Client contact management
  • Employee management
  • Ordering and inventory management
  • Task and time tracking

Typically, “business management software” refers to an integrated suite that includes several separate, but related applications within one solution. However, other systems will center around specific business area, such as customer relationship management (CRM) or accounting.

If the latter is the type of business management software you’re interested in, inquire about the integration capabilities with the vendor. It’s important that any stand-alone applications or other software currently in use at your company will integrate with your business management platform. This way, you can ensure seamless data transfer between systems, offering you greater oversight and control over operations.

Common Capabilities of Business Management Software

As noted above, business management software is designed to automate the majority of day-to-day business operations. Business needs will differ by industry and the exact features of these tools can vary as well, so it’s important for prospective buyers to ensure the system they choose aligns with their organizational requirements.

For example, the needs of a retailer will differ from those of a manufacturer. As such, the retailer may need a business management system with point of sale, while the manufacturer will likely need material requirements planning (MRP).

The following are examples of common business functions that you should look for as you evaluate different systems:

Accounting Manage core financial data for general ledger, accounts payable, accounts receivable and bank reconciliation. Likely includes billing and invoicing and financial reports such as profit and loss, cash flow statement and balance sheet. Connect with modules for purchase orders, inventory etc. May also include additional, industry-specific features, such as fund accounting (for nonprofits).
Content management Upload, store, share and back up business documents and files. Manage everything from purchase orders to client contact information to employee W-2s and performance records.
Customer relationship management (CRM) CRM encompasses functions including client contact management, customer service and support, help desk, field service management and more. This application is often at the center of these systems, especially for service and sales industries.
Human resources (HR) Manage core HR functions including benefits administration, personnel tracking and payroll. Includes workforce management capabilities such as employee scheduling and time and attendance. May also include strategic HR functions such as applicant tracking, performance review, talent management and learning management.
Inventory management Automate processes for ordering, storing and tracking inventory. Monitor on-hand inventory balances, track raw materials and stocked items and manage lots. Features include product categorization, sales and purchase orders, electronic scanning and automatic ordering.
Marketing and sales Attract new customers and visitors, build your brand, deliver promotional materials and nurture leads through the sales funnel. Features include marketing automation, lead generation and management, email marketing and social media management, resource management and analytics.
Reporting and analytics Track key performance indicators (KPIs) and optimize performance across all business functions. Get actionable insights, flag issues and operations that can be improved. Features include dashboards, data visualization tools, scorecarding and report writers.
Scheduling Create and maintain employee schedules, assign workers to shifts, track attendance, manage customer service delivery and dispatch schedules for field service workers. Features include calendar management, automatic reminders and time-clock management.
Workflow management Define, control and automate business workflows. Features include task and time tracking, automatic notifications, graphical process modeling, role-based access and reporting.

Key Purchase Considerations

Depending on your business and industry needs, you may require additional capabilities not listed above. As such, when evaluating business management software, keep the following criteria in mind:

Deployment options. Business management software is available for both on-premise and cloud-based deployment. On-premise software is hosted in-house on the user’s servers. The business is responsible for installation and setup as well as performing ongoing maintenance and purchasing subsequent software updates.

Conversely, cloud-based software is hosted remotely, on the vendor’s servers. This means the vendor is responsible for managing maintenance, delivery and software updates. As a result, there are typically lower upfront costs associated with cloud-based software, although costs for each deployment option tend to equal out over time.

You can use our total cost of ownership calculator to estimate the immediate and long-term costs for each deployment option to see which makes the most sense, cost-wise, for your business.

Integration requirements. While many business management systems are designed to handle the entirety of a business’s operations, you may need or want to supplement your business management software with a stand-alone application. For example, a construction firm might need estimating and takeoff software that integrates with their business management suite.

It’s always a good idea to verify integration capabilities with vendors prior to purchasing a new software. However, as your business management software will be the central system used to house all your company data, and you likely won’t replace this system nearly as often as you would other tools, it is imperative that you carefully evaluate your integration requirements during the software selection process and review these requirements with vendors.

Industry needs. There are several industry-specific business management solutions that might be a better fit for your needs than nonspecialized, off-the-shelf software. For example, NetSuite is a vendor that offers several prebuilt solutions for a variety of industries, such as wholesale distribution, retail, health care and financial services.

Retail business dashboard, in Netsuite   Retail business dashboard, in NetSuite


Professional services firms, such as a marketing agency or software development firm, are going to have more project-centered needs that other industries. These organizations will likely need project accounting modules, resource management applications and project portfolio management governance as well.

What Type of Buyer Are You?

Small businesses. Most small businesses will be well-served by a standard business management software, such as BizAutomation, that helps them manage the everyday tasks and operations to make their business more efficient. Alternatively, they can choose a solution focused on one critical area of their business, such as scheduling or marketing and sales, and integrate with standalone applications for less critical operations.

Niche industries, such as a martial arts studio or salon, might consider an industry-specific solution that caters to their unique needs, for example, managing members or appointments. Examples of these types of software include The Studio Director and MINDBODY.

Midsize and growing businesses. Midsize and growing businesses can also use most standard business management suites, such as SAP Business One, to conduct their operations.

However, as businesses grow, they’ll likely need to implement more controls over their business processes and better alignment between information and operational technologies. At this stage, they should consider investing in business process management software to help them standardize processes and workflows for multiple departments and improve operational performance. (Not to be confused with general "business managment" software, "business process management" software carries a more specific definition and set of technical requirements. Follow the link above to read our buyer's guide and learn more.)

As they continue to grow, they’ll require more than automation of day-to-day tasks and business processes and require long-term planning as well. At this stage, they might consider investing in an ERP system to help them manage their business goals.