In the midst of trying to get your business to become one of the few that succeed in its first years, it can be easy to forget some parts. Something that often slips under the radar is software; most business owners are under the impression that you have to reach a certain size before you can even entertain the idea of relying on this business software.

Well, let’s debunk such a statement for good. Nowadays, software is more accessible than ever before, and through today’s post we will take a look at some of the key areas new businesses should look into.

Contract management

This sometimes falls into CRM software, but truth be told more companies are turning to a bespoke solution which allow for features such as automated legal forms. Admittedly, contract management might not work in all forms of business. However, nowadays it is being taken on by more and more and allows companies to automate a lot of tasks that once required laborious, manual processes. The whole process, from creation to full management of a contract, can be taken care of by these systems and it means that business owners ultimately have a lot more time on their hands.

Document sharing

Once upon a time there were minimal options when it came to word processing or spreadsheets. Now, things are changing. Most of these types of software are now available in online form, and this means that businesses are being given a lot more flexibility. Remember the days of being denied access to a certain file as someone else had it open? In short, collaboration was nigh-on impossible. Now, due to the online-factor, anyone can edit these files on the move and still use the same interface as before. Office 365 and the Google Suite of products are the two main players but this is a space where more and more companies are entering the picture.

Tax accounting

Some businesses might rely on a spreadsheet piece of software to get them through accounting, but in reality this is very much a short-term solution. Instead, specialist software will be required. Just like other types of software we have looked at, much of this now lives in the cloud. In terms of the features, this really can vary depending on how far you need to take things. For example, while some might just incorporate basic accounting functions, others might include invoicing, inventory management or expenses features. A lot will depend on the amount of transactions that are going through your books and just how much assistance you require in this regard.

Internal chat

Out of all of the software we have looked at through today’s guide, this could be classed as the least important. Nevertheless, as your small business ultimately grows a little bigger, internal chat systems will become necessary. These chat systems are a much more efficient method of communication than email, whilst they obviously give the company a sense of control as they are still a business solution. It means that your employees won’t be swapping sensitive data over Skype or any other insecure platform, it will all be done under a chat system that’s appropriate for your organisation.