What is included in business management software?

A business is carrying out lots of processes combined together. In any company or office regardless of the size, you will see several projects being executed together. There are literally hundreds sometimes thousands of tasks, formalities, and procedures that are run simultaneously. For a human mind it is not possible to process all that information or store it.

There is the need of right type of business management software to keep track of whatever tasks are pending and which ones have been executed. Since a business is a huge entity, it often encapsulates various departments and procedures. Each department needs specifically dedicated tools for management. For instance, the accounting department will need accounts management tool, human resource department will need an HRM tool, and sales department will need sales and customer relationship management software.

The idea behind purchasing the tools like the ones mentioned above is to:

  • Save a lot of funds

  • Save precious time of employees and management

  • To be able to tell the position of entire business within one look at the sheet

  • To streamline the flow of work and various operations

  • Give everyone the power to work from anywhere regardless of the physical distance between teams

The good thing is that all the tools mentioned above can be purchased in a package of business management software. There are companies that offer these packages containing all the tools for each department. Some of the software providers charge very minimal fee on a monthly basis. This is a far better deal than going out and buying individual software separately.


Manage Your Project With Magnetic’s Web Based Project Management Software

Whether you run a small or large business, you can rely on Magnetic’s web based project management software that is designed while keeping your needs in focus. We offer special business software that make your tasks easy and help you grow your business. You can easily manage scheduling, integrated calendars, generate reports, manage multiple tasks and projects, track, prioritize, and upload files using the software. Our project management software helps your team and managers successfully manage, plan, and execute different tasks efficiently.

The software helps you increase the effectiveness of your work and leads to more satisfied clients. Your clients cannot expect more than this when they get complete transparency. By keeping the project information on to a single server, you can track all the work done by the project team. The project management software is designed to make the project management easy and more cost effective. Being responsive and interactive, your entire team can work together to complete the task efficiently. You would surely appreciate the features of our management tool that you can use from anywhere and at anytime.

It is web-based software, so your team can use it while on the move. It is economical and comes with a user-friendly interface, so you can use it easily. You can easily manage multiple projects and multiple tasks without any difficulty. The project management software eliminates the errors that occur manually and lowers the risk of failure. It offers a platform to the team so that they can collaborate and coordinate by posting their status of the work, participate in discussions, and offer feedbacks to their team members. You can schedule the tasks, set deadlines and make the system secure. With the help of Magnetic, you can work from any location without hampering the progress of your project. To know more, please visit


Functionalities And Features Of A Typical Project Management System

The phrase project management software embraces several types of functionalities and range of features that are used for performing tasks like scheduling, collaborating among employees, resource allocation, documenting of the project, summarization, and communication among members working on the project. Having a project management system in a company can be helpful in keeping tabs on the goals achieved, tasks performed and covering everything starting from instigation of work until its final implementation.

These software are excellent as they offer several amazing benefits to everyone that is part of ongoing project activities. It enhances performance by keeping track of the productivity and maintaining all the diversities of the project portfolio. It acts like an adhesive which keeps the projects practices adhered to the ongoing tactics.

The market is flooded with software for managing projects. Different ones come with different functionalities and features. Some of the features would be tools for managing risk, cost analysis, planning, earned value management, budgeting, etc. Typical project management software would be inclusive of five major functions for inputting information.

1. The date at which each activity began
2. Resources accessible
3. Period of each and every activity
4. Relation between activities and tasks
5. stages at which resources would be available

The first step towards starting the usage of one such software would begin by defining general management information. This would include the name of project, the date at which it commenced and the date at which it should end. Every single activity entered is allocated unique ID. The information inputted would appear the same way it does in a spreadsheet.