When you start a new business, you want to be sure you are spending your cash on the right things. As well as paying for the fixtures and fittings that any new premises may require and perhaps a stock, you will also need to invest in some software.

The right software can dramatically impact your business’s chances of success. The latest tools and solutions can deliver impressive benefits, such as increasing customer footfall, improving staff productivity, and boosting sales volume.

Yet, with so many available options, it can be hard to know which technologies to choose. Read on to discover our pick of the most helpful software for getting your first business off to a flying start.

1. Point Of Sale Software

If you plan to open a retail or dining business, investing in Point Of Sale (POS) software should be a priority. A POS system comprises intelligent software and hardware equipment such as a card reader, touchscreen tablet or screen, and a cash register.

Together, this system will allow you to process customer purchases and generate sales reports, manage your inventory and staff shift patterns, and deliver data analysis that will help you make smarter decisions for your business.

It can even incorporate a home delivery service ideal for food outlets and run a customer loyalty scheme that will help you build a regular customer base.

2. Digital Signage Software

With eye-catching LED window displays, digital A boards and interior signs, digital menus, and information screens, digital signage can deliver impressive results for your enterprise. Studies show that 8 out of 10 people who see a digital sign for an unfamiliar store will enter it. In contrast, 83% of people will remember the advertising they see on digital signage.

It comes with intelligent software that allows you to quickly update your signage content without the time and expense associated with designing and printing out traditional posters, flyers, or signs.

This means that it can be used to show limited-time or seasonal offers, direct customers to particular areas of your store, or improve the customer’s experience by reducing the perception of wait times, again, perfect for food outlets. Digital signage for new businesses is a fantastic way to create high impact and stand out from the competition.

3. Accountancy Software

Unfortunately, there’s no getting away from the fact that starting a new venture will involve getting to grips with tax regulations. The good news is that you no longer need to hire an accountant to stay in control of your business’ finances.

The latest accountancy software can take care of submitting your tax returns and managing invoices and quotes. Innovative bank feeds with detailed reporting are also available.

Even better, today’s advanced accountancy software can also provide cash flow forecasts, support for multiple currencies, and even project tracking, all for an affordable price.

4. A CRM Platform

CRM, or Customer Relationship Management, is crucial for any new business. Choosing this software can provide plenty of vital tools to help you succeed.

It allows you to easily track and manage all your communications with clients and potential leads, removing the need to juggle multiple spreadsheets or databases to stay ahead of customer data.

You can enjoy a host of benefits thanks to better organization, such as increased productivity and efficiency and better time management.

This means that right from the get-go, your business will be able to establish a reputation as a professional, capable outfit.

5. Project Management Software

You can stay in control of essential projects when you utilize project management software. This enables you to plan and organize how you will carry out your project for the best possible results and to predict and allocate the necessary resources.

This is invaluable for those launching a brand new business. Project management software will also make it easy for staff to work collaboratively, even remotely, and get real-time access to KPIs. This can significantly improve the likelihood of a project succeeding. 77% of successful projects are achieved through Project Management software, making it a worthwhile investment.