The success stories of startups are not only booming the entrepreneurial ecosystem but also helping entrepreneurial minds to explore opportunities, innovate, and improve the world. From the resounding popularity of PayTM, Swiggy, Nykaa, Ola, Flipkart, and many more, it is evident how tech has supported companies to reach the top of achievement.

A remarkable business plan, coupled with the right software solutions, can make businesses grow by leaps, bounds. The software solutions can be the partner of growth stories as they share the operational and administrative works such as maintaining accounts, employees, managing customer engagement, managing staff, and payroll activities, etc. The tasks are highly time-consuming and are more prone to errors if operated manually. 

The various difficulties faced by startups in terms of a limited market budget, competitiveness struggles to build a loyal customer base, hurdles in setting up a productive workforce make it difficult for them to provide. And, funding in software is the last thought that comes to the mind as they are perceived to be costly. The phase when only high-priced software solutions by multinational corporate were present in the market that were affordable only to billion-dollar companies have faded away. With improvements in technology, plenty of powerful yet budget-friendly software has paved their way into the market to empower startups.

A few software, which can efficiently manage business plans are -

Accounting Software-

Beginning a new business can be thrilling, but maintaining the accounts and ledger books can be extremely tricky and time-consuming. Is where accounting software comes into play. To name some popular accounting software are -   IDos, Tally,  Zoho books, Marg, Busy, ProfitBooks, Tally.

Payroll Management Software and Human Resource–

It's tough in the initial phase for a Startup to hire a team of HR professionals.  Payroll Management and Human Resource  Software can help a business manage various HR operations. Some of the popular HRM software it includes, GreytHR and Marg HR.

Customer Relationship Management Software and Sales –

 An essential part of any business is sales, and to increase sales having a healthy customer relationship is necessary. But, startups have their conditions, which can act as a hindrance in maintaining good customer contact. As a result, it can impact sales. There is software like Zoho, Nextsky, and Agile, which can help a business maintain customer relationships and sales.

GST Software –

GST has changed the whole market scenario, affecting all businesses — small, medium, or large. Softwares like GSTJockey,  GST Filing, and VG GST Services, startups can easily file GST returns without any trouble. Many SMEs and software   SMEs have taken assistance from GSTJockey to save on a lot of time and money.

There are several software answers available in the market which are specific to industries. This software is capable of handling multiple business operations. Also, SAAS tech under cloud computing has enabled users to leverage the power of tech, making it all the more cost-effective.

Cloud-based software ensures secure, easy accessibility,  login, and no or lesser risk of data threat. It has also reduced the need for setting up high-end IT infrastructure, such as setting up a server room or having a huge IT team. The unforeseen situations associated with companies, especially startups, this software can arise on Pay-per-Use policy.

Therefore, scattered off the worries related to perpetual licensing costs. For example, if a business has to cut down on its worker count from 100 to 70, it need not worry about the paid agreement of the software. A business needs to pay is the agreement cost of actual users. Thus, helping startups face various challenges.