Business management systems have become quite popular over recent years. Initially these kinds of systems were very expansive and only available to larger corporations. But fortunately, big progress and advancements have been made and good business management software tools are available nowadays at very interesting price points.

But why would a small business be interested in using such a software tool? Business management systems have various advantages and benefits. Here are some of the most important benefits:

• Efficiency: No doubt, business management software can make your business much more efficient by speeding up numerous business processes.

• Quality: These tools will also allow you to handle certain processes more accurately and to reduce mistakes.

• Cost savings: Of course, purchasing business management software requires and initial expenses, but usually you will be able to quickly recover them and to save some money in the long run.

But now to our principal question: What are the most important features a good business management system should provide? In reality, there is no simple answer to this question, because the required feature set will very much depend on your business needs.

Nowadays, business management tools can provide hundreds of different features and functionalities. Most of them you will probably never need. So, it is a good idea to put together a list of all the tasks you would like to be handled by business management software in order to avoid spending money on features you don't really need.

Here is a list of some of the features and business modules, which I think are interesting for most businesses:

• Document management

• Accounting

• Invoicing

• Inventory control

• Reporting

• Purchasing

• Billing

• Point of Sale

• Collections

• Sales order processing

• eCommerce

• Remote connectivity

• Shipping & Receiving

But again, verify your business needs before you decide to purchase a business management system. Also, make sure that the software seamlessly integrates with your current systems and IT infrastructure.