Project management software essentially helps project managers, or PMs, manage projects. PM software can be installed on premise, but many new tools are offered online as Software as a Service (SaaS). They offer features to make charts and reports, share documents, track budgets, allocate resources, manage tasks, plan projects, and communicate with teams.
1. The Basics: Cloud Computing
First things first: as you are a new company, you won’t have to deal with the mess involved with migrating to the Cloud. Instead you can simply originate on the Cloud. Many Cloud providers offer the ability to seamlessly expand as well, so you can continue to use their services without the need to change systems as you grow. Your information will also be made redundant, meaning it will be backed up on more than one server in the case of failure.
2. Software and Programs You Will Want to Invest In
Software can help tackle admin and speed up many day-to-day tasks from behind the scenes. Some software and management programs you will want to invest in from the start include:
- Project Management Software
There are major benefits to project management software. It can be instrumental in helping to create charts, reports, share necessary documents for the project in question, track financing, managing tasks, keeping an eye on progress and so much more. It is essential if your startup offers services to clients, especially fully managed services that need careful management to stay on task.
- Human Resource Software
As soon as you hire other people, you will want to invest in human resource software. This will make it easy to keep track of personal progress, notices for leave, and will even make payroll much simpler.
- Invoicing and Accounting Software
You never want to be late for a repayment and you always want to get payment from clients or customers ASAP. With invoicing and accounting software notices, payments can be made out automatically and reminders sent out on a predetermined schedule.
- Customer Relationship Management Software (CRM)
You need to know who signs up with you, what they have purchased, and so much more. This information is vital because it is the best way to remarket to existing customers or those who have signed up to your newsletter.
3. Your Options When it Comes to Buying These Systems
Buying these tools outright can be very expensive, and in many cases, not essential. That is why many companies are now offering their tools on a Software as a Service (SaaS) basis. You can manage costs and keep the freedom of changing tools if newer and better ones emerge.
4. Enterprise Resource Planning Systems (ERP)
The best case scenario is when all of your necessary software and systems can communicate together seamlessly. If you need to translate orders from one system to another, you are never going to experience the efficiency potential your company is capable of. ERP is essentially a tool that will allow you to manage your multiple management software programs.
ERP is of course intended for larger corporations, so it is something to keep in mind as you expand.