7 Examples of Great Enterprise Software for 2023
With many great enterprise software in the market, choosing the best for your enterprise can be tricky. We review 7 of the best enterprise software for 2023, including our top five picks and what makes them different from other competing software.
Enterprise-level businesses are taking advantage of the various software tools available to enhance their business productivity, improve their customer base and, in turn, increase their revenue.
Today, various enterprise platforms are dedicated to streamlining various processes and business units, such as accounting software, business process management systems (BPMS), and content management systems (CMS).
This article will discuss how these enterprise software applications are designed to meet the demanding needs of various enterprise-level organizations, including their key features.
What is Enterprise Software?
Enterprise software, also called enterprise application software, helps big organizations with various important needs such as data analysis, sales and marketing management, and customer service.
You can also call them enterprise application software tools. They are vital for conducting business operations and processes at a large scale or enterprise level.
Enterprise software companies offer products or services designed for larger companies rather than small ones to support their operational and strategic initiatives.
These software tools are programmed to offer services to multiple users with high scalability and integration capabilities.
Since these software tools are designed to serve many users, they are relevant to governments, retailers, hospitals, large industries, and departments such as sales, marketing, customer service, and finance.
Enterprise software needs interdisciplinary methods and processes to manage large data scales effectively. There are available solutions designed for various needs in these large organizations.
For example, an enterprise application focused on human resources will have numerous HR features that enable professionals to access one solution and generate information simultaneously.
What is Enterprise SaaS?
Enterprise SaaS provides the capacity and functionality required for running a large business effectively, with reduced cost, and with the ease pulse of a cloud-based operation.
To clearly understand what enterprise SaaS is about, we should consider both entities separately to help us see what benefits they offer together.
Software as a Service (SaaS) refers to companies offering on-demand or rental products. SaaS software is cloud-based and easily accessible from various devices with an internet connection.
SaaS functions primarily on a multi-tenant basis, which means multiple organizations working in a single database. The cloud service must provide maintenance and updates to the servers and ensure that customers' data and stored applications are safe at a reasonable cost.
On the other hand, an enterprise-level business with many employees also operates global supply chains, resulting in these organizations relying largely on dynamic technologies to handle large workflows.
Enterprise SaaS has helped various enterprises to reasonably cut excess costs and increase the likelihood of executing a project successfully. This combination offers certain benefits, such as ease of speed and deployment, limited capital expense, and lower TCO.
Other benefits include
- Ability to upgrade with new features without impact on the core technology stack
- Opt-in features
- Better team collaboration
- Low-cost provisioning and minimized overhead costs
- Ability to analyze which application elements are being used (or not)
Companies that do not implement enterprise software will struggle to maintain a competitive advantage in the marketplace, especially when competitors use enterprise-level software.
Enterprise SaaS Categories
- Customer Relationship Management (CRM) Software
- Enterprise Resource Planning (ERP) Software
- Accounting Software
- Business Process Management Systems
- Project Management Software
- Content Management Systems (CMS)
- eCommerce Platforms
- Communication Platforms
- Email Marketing Software
- HR/HRM Solutions
Top 7 Types of Enterprise Software Solutions
These are the top-right examples of enterprise software solutions available for business functions on a large scale.
1. Customer Relationship Management (CRM)
Customer Relationship Management (CRM) is an important factor in the sales pipeline, irrespective of the size of a small or large business.
CRM involves how an organization administers strategic interactions with its potential and existing customers to ensure that they remain loyal and increase the company's customer base and revenue.
CRM systems are vital enterprise tools for managing customer engagement and optimizing interactions while building relationships with prospects.
Enterprise CRM software helps to effectively manage every part of their sales and customer relationship workflow, foster stronger client relationships, and help organizations maximize customer feedback.
Best CRM Software Features for Enterprises
Managing the customer journey is a vital part of the sales process of every organization. With a CRM system like Monday.com CRM, large organizations can store vital data such as calls, emails, meetings, chat history, support tickets, and customer interactions on a single platform.
Analytics and Data
CRM can constantly work in the background to analyze business data. Charts, dashboards, and detailed reports can be created by initiating custom filters to the data and sorting it properly.
Another relevant feature of CRM for enterprises is lead management which helps to effectively keep track of salespeople's activities and automate follow-ups and updates.
This feature enables large businesses to seamlessly acquire fresh leads and lead scraping, allowing enterprises to scrape potential customers' leads strategically.
Salespeople need to stay on top of deals and get positive results. The automated workflow feature allows users to set up meetings effectively, move deals through your pipeline, or send emails.
List of Top Enterprise CRM Tools
2. Project Management Software
Enterprise project management tools make managing project tasks easy and achievable. The most accessible enterprise apps are those focused on project management for teams.
With these tools, enterprise-level project and marketing teams can easily collaborate on important issues irrespective of where they are in the world and achieve their goals seamlessly.
These enterprise software tools help the project team have a detailed overview and allow you to dive into every milestone, detail, and future task you must complete to keep your progress on schedule.
Best Project Management Software Features for Enterprises
Project and Task Management
The task management feature allows you to create tasks easily, assign tasks, strategically build custom workflow, and automate workflow.
You can effectively manage projects, sprints, finances, sales, human resources, business operations, customer relationships, and remote work with advanced project management capabilities.
With this feature, you will constantly get real-time updates when a task is completed and email notifications to remind you of scheduled tasks and due dates.
Enterprise can use Gantt charts and other view opinions to visualize project tasks, goals, and progress at a glance. Enterprise project management tools are easily customizable, allowing you to view your projects from different angles.
This feature lets you keep your project well-organized with a hierarchy of spaces, folders, and lists. You can use spaces to organize departments, groups, and teams neatly, folders to organize strategic initiatives and projects, and checklists to manage project tasks and goals.
List of Top Enterprise Project Management Tools
3. Enterprise Resource Planning ERP Software
Enterprise Resource Planning software functions by sourcing out business models, digitizing them, and creating complex networks between each model.
A cloud ERP software application can ensure that everyone in the organization works together using the same database that stores updated information.
Unlike other enterprise software, enterprise resource planning (ERP) enables various enterprise applications to run effectively in syncs, such as CRM, payroll management, and project management applications.
Best Enterprise Resource Planning (ERP) Software Features for Enterprises
An ERP system integrates business products and services such as enterprise resource planning, account payable software, inventory management software, content management system, and customer relationship management tool.
Enterprises can combine your order management, financial planning, supply chain management, inventory management, procurement, billing, and revenue management to free up enough time and resources required to accelerate business growth.
Real-Time Monitoring and Record Management
With this enterprise-level software feature, you can effectively manage your financial records appropriately and in time to make the necessary adjustments and keep all your financial close, revenue, and overall financial performance data
List of Top Enterprise Resource Planning Tools
4. Marketing Automation Software
Maintaining an enterprise-level business could be a relatively difficult task. Automating your daily marketing operations is vital to do this effectively.
Marketing automation software applications are perfect for these tasks. These marketing tools allow automated communication with customers and clients through SMS, email, social media, and digital advertisements.
This enterprise software application lets users streamline their customer data and information for proper market segmentation and identify the best way to convert their target audience.
Best Marketing Automation Software Features for Enterprises
The best marketing automation software enables users to create custom-made marketing automation workflows in line with customers' preferences, data, and behavior.
This feature enables users to automate their email campaigns. With email automation, enterprises can send mass emails to certain segments of your email list at the right time without your involvement.
Forms and Landing Page
With form and landing page builders, enterprises can build attractive landing pages and email campaign forms easily. This feature is effective for capturing leads, collecting user information, and converting a large number of leads through strategic marketing campaigns.
List of Top Enterprise Marketing Automation Tools
5. Business Intelligence Software
Business intelligence software makes extracting relevant data from various data sources easy. Then it synchronizes the acquired data, which in turn always allows you to run queries to generate precise information about the state of your business.
In today's world, with its dynamic business environment, it is important that your entire organization takes its data analysis needs seriously and also goes for the best services available.
The right BI software will help your organization gain insight into its role, present state, and how to move from one level to another successfully.
Examples of the best business intelligence software include Google Analytics, BiG EVAL, Zoho Analytics, Yellowfin, and Clear Analytics.
Best Business Intelligence Software Features for Enterprises
Powerful Data Reports and Visualizations
The best business intelligence and data analytics software tools allow enterprise-level organizations to analyze their complex data visually, create unparalleled data visualizations and discover hidden actionable insights.
This feature brings data analysis and clear insight into the business data and eliminates the need for any data analysis or Information Technology assistant. You can create detailed and insightful reports in the form of charts, widgets, and tables.
List of Top Enterprise Business Intelligence Tools
6. Treasury Management System (TMS)
Treasure Management Enterprise Software is a specialized software primarily focused on properly managing your organization's financial concerns, with regular updates to keep you up to speed regarding your organization's finances.
Such software can help you effectively determine what moves or actions your organization takes to generate the most revenue.
With TMS, your organization can easily track and accurately predict your organization's cash flow, manage debt, and provide a platform where you can calculate a budget for capital projects and investments.
Best Treasury Management System Features for Enterprises
Financial Performance Management
This feature helps to streamline and accelerate strong and lasting connections between banking partners, ERPs, internal systems, and external service providers. With direct connectivity and API, projects and system upgrade timelines are reduced and, in turn, reduce the cost positively.
The treasury management system offers extensive automation, improved control, and visibility to enable the finance team to focus on strategic decisions, strengthen operations, mobilize cash across their organizations, manage market volatility, and improve liquidity.
Bank Connectivity and Financial Reports
With this feature, enterprises can connect their banks across the globe and enjoy bank reporting and online payments integration to automate work manually and connect with their banks in real-time.
You can automate the formatting and delivery of payments to your banks, with added sanctions list screening and fraud detection for improved governance and compliance.
The best treasury management system offers intelligence reporting to organize data and deliver detailed on-demand reporting and powerful KPIs to make data-driven decisions.
Liquid forecasting automates integrating internal cash forecasting and external sources, such as the management of financial instruments for liquidity planning across various scenarios and your organizational structures.
List of Top Enterprise Treasury Management Systems
7. Cloud Services
Cloud computing platforms are used by large companies and enterprises that require heavy computing power without building their own IT infrastructure.
These cloud service providers are usually quite expensive and allow users to access their stored data online, irrespective of location.
Best Cloud Service Features for Enterprises
Data and Relationship Management
These best cloud computing platforms are designed to manage multiple directory data levels effectively. This feature enables you to effectively define attributes for various objects, create multiple schemas and relationships, and set custom inheritance rules for your directory.
Since the cloud services are fully managed, it helps to remove time-consuming and expensive administrative tasks, like managing servers and scaling infrastructures.
List of Top Enterprise Cloud Service Tools
Top List of Enterprise Software Examples
Large organizations and enterprises are spending more money acquiring enterprise software tools to help automate and effectively run their business processes.
There are tons of enterprise software flooding the software market. As an enterprise needing enterprise software solutions, you must weigh several factors, such as your software needs, budget, and employees’ ability to handle the enterprise software tools.
Here are the top enterprise software examples that tick all your boxes.
Meanwhile, you can check out our other comprehensive guides on enterprise software: