Managing your business strategies can be hard, especially with smaller businesses where the management of individual elements of the business is way less functional. Luckily there are a handful of useful software tools that can help smooth the process. Here is our list: Accounting Every business, no matter the size, needs to keep track of its money. It is very important to choose an accounting program that best matches your business. Many types of accounting software cater to different aspects and needs. Having a good understanding of what is out there will help you make the best use of your time and monitor your cash flow, tax filing, expenditure, etc more easily. Time tracking This helps create a hive mind preventing the waste of time, one of the most important resources of a small business. It will give you and your employees a better understanding of how your time is spent through the detailed documentation of work performance on different tasks. Allowing you to comprehend where your business can make better use of its time. Project management Good project management software can aid you to simplify your whole business operation progress. These kinds of software help users organize their projects, by breaking them into smaller chunks and specific task segments. They will also ensure that you know how your resources are expended toward the completion of a given project. Customer relationship management CRM is one of the best ways to better understand your relationship with your customers and aid your trade to grow. CRM is software for managing your relationship and all your interactions with customers and potential customers. CRM helps you understand vital data trends and that can turn many new heads towards you. It allows you to identify appropriate marketing areas to invest on and make the best use out of your resources and tools. Communication Communication is the key to a great workflow, both internally and towards your customers. It is best to grasp a good understanding of the communication applications out there before choosing one. Softwares such as skype and zoom will allow you to communicate with the other members of your team and clients, regardless of where they are. Without such software, it is impossible to go global. Combined with a good choice of time management and streamlined programs you will be able to work with anyone, from any place all over the world. Payment transaction This tool will help you manage your billings and create a better overall workflow, by streamlining and automating your payment transactions. It can keep detailed records of all the payments and help make refunding processes easier. Automating the payment process can also reduce the chances of your customers forgetting to pay their invoices. The main issue with this kind of program is what we often hear people nagging about with subscriptions. If they forget to unsubscribe, you might continue to charge them through the software. This is a very good tool for any kind of business, and a must if you are providing a subscription service. But yet again, if each payment process in your business is unique to the customer, automating things will not be a very possible solution.