Business Software: Detailed Analysis of Types, Decision Making Support

This report provides a comprehensive overview of various software used in business organizations. It begins by categorizing and describing different types of software, including payment processing, payroll, and database software, providing examples such as Amazon Pay, Gusto, and Oracle. The report then explores the advantages and disadvantages of using business-related software, emphasizing the benefits of automation, increased productivity, and improved efficiency, while also addressing potential drawbacks such as implementation difficulties, wasted resources, and disconnected data. Furthermore, the report delves into the types of decision-making supported by these software solutions, specifically highlighting strategic decision-making and its importance in charting a course based on long-term objectives. The report offers insights into how businesses can leverage software to align short-term goals with broader strategic missions, ultimately enhancing operational clarity and consistency.

list of softwares used for business organization
 Payment software:
Payment processing software enables firms to process a variety of
business-to-business (B2B) transactions. This sort of software is used by
businesses to manage payments received from customers and made to
suppliers. Payment processing software is beneficial to any business that
takes payments other than cash. Accounting teams typically utilize this
software to verify that payments are submitted on time and that payment
problems are avoided (g2, n.d.).
Examples for payment software: (g2, n.d.)
 Amazon pay : Hundreds of millions of consumers across the
world may use Amazon Pay to pay for items and services using
information already saved in their Amazon accounts. It's a familiar
purchase experience from a well-known and trusted brand.
 Thryv: Thryv is a small business-focused end-to-end client
experience platform. All from a single screen, software that lets
you acquire the work, manage the employment, and earn credit.
From one easy platform, assisting small company owners in
meeting today's expectations. Includes best-in-class help from
business professionals that understand the aims and particular
needs of small company owners, available at any time — limitless
24/7.
 Payroll software: Payroll software monitors, maintains, and
automates employee payments, whether on-premises or in the
cloud. Payroll software that is robust, integrated, and correctly
designed can help businesses of all sizes stay in compliance with
tax laws and other financial rules while also lowering expenses.
This frees up time for human resources (HR) teams to focus on
strategic planning, budgeting, and other business-oriented efforts
(oracle, n.d.).

Examples for payroll software: (Epstein, n.d.)
 Gusto: Gusto is a payroll automation solution for freelancers,
small companies, and mid-sized organizations that is hosted in the
cloud. This application, which is available on most desktop and
mobile platforms, assists users in setting up payroll procedures,
scheduling payments, and streamlining accounting and HR
activities.
 OnPay: OnPay is a payroll administration platform that offers
scalable solutions for small and medium-sized enterprises. It is
simple to use but packed with powerful features. It helps you speed
up and simplify your payroll process by providing payroll
automation, tax filing assistance, compliance management, data
transfer, direct deposit payments, and a range of other features.
 Database software: Database software makes it simpler to create,
modify, and manage database files and records, making file and
record creation, data entering, data editing, updating, and reporting
much easier. Data storage, backup, and reporting, as well as multi-
access control and security, are all taken care of by the program.
Data theft is becoming more common, thus strong database
security is more vital than ever. The term "database management
system" is also used to describe database software (DBMS)
(oracle, n.d.).
Examples for database software: (Clayton, 2021)
 TablePlus: TablePlus is a robust database management system for
managing multiple databases on-premises. A built-in application
lets you build, query, modify, and save your database quickly and
easily. The program also has built-in TLS encryption, which
guarantees that your data is kept safe from prying eyes and does
not fall into the wrong hands.
 Oracle: Oracle is a well-known database software company that
gathers data as a whole. The database is optimized for corporate
grid computing and offers cost-effective and flexible methods to

manage apps and data. Oracle RDBMS' artificial intelligence and
machine learning tools enable you to grow your capacity and
performance as needed, as well as automate regular processes. As a
result, your database administrators will be less stressed, and they
will be able to devote more time to high-value jobs inside the
company.
Furthermore, there are more examples of different softwares like
shopify enables businesses to create their complete store on the Shopify
platform and manage everything from marketing to payment methods to
delivery.
Similarly, for Communication and Messaging Software there are various
softwarees that make an organization's job easier, one of which is
Skype, which helps to keep an organization's staff in touch with one
another as well as clients through a variety of channels, including VoIP,
landline, and mobile conversations (LaMarco, 2019).
In light of the great expansion that we are witnessing in technology,
many software have appeared, such as Google Drive, QuickBooks,
PayPal, Buffer, SalesForce each of them has a role in organizing and
facilitating the work of the organization and making it more efficient and
keeping pace with developments (LaMarco, 2019).
Advantages of using business related softwares
(nibusinessinfo, n.d.)
Choosing the correct business software can assist you in achieving the
following goals:
automate regular procedures to save money
Increase or track workplace productivity to boost employee
efficiency.
Accounts and company procedures should be simplified.
Paper-based methods are being phased out.
more efficiently connect with consumers, suppliers, or partners

Disadvantages of using business related softwares
(quixy, n.d.)
Having difficulty implementing, Too many software solutions are
time-consuming and costly to implement.
Wastage, True, business tools boost productivity, but having too
many tools might backfire. When everything is done with a
separate tool, switching between applications and tools becomes a
regular practice. It's on the verge of multitasking, which isn't ideal.
Multitasking is inefficient and leads to distraction. To put it
another way, you'll be wasting a lot of money on products that will
only reduce productivity.
Data that is disconnected, Integration is paramount. Processes slow
down if this does not occur. Team members will be expected to
spend time transferring data when that time may be better spent on
anything else.
1.4 THE TYPES OF SUPPORT FOR DECISION-MAKING
Strategic decision making
The process of charting a course based on long-term objectives and a
long-term vision is known as strategic decision-making. Moreover, by
doing a range of analytics and measurement of data you will be able to
integrate your short-term goals with this deeper and larger mission if you
define your company’s big picture goals, which Provides clarity and
consistency to your operations (Gartenstein, 2019).
Tactical

There are a plethora of instances of strategic decisions, including:
launching a new product line, exploring new markets, or utilizing new
technologies Big company structure changes, switching from one
marketing approach to another, major policy changes, and so on
(Zahran, 2017).