IT/Business Application Tools Microsoft Excel History Microsoft Excel has been around since 1982, first introduced as Multiplan, a very popular CP/M (Control Program for Microcomputers), but lost popularity on MS-DOS systems to Lotus 1-2-3. In 1987, Microsoft introduced Excel v2.0 for Windows and by 1988 began to outsell Lotus 1-2-3 and the emerging QuatroPro. In 1993, Microsoft released Excel v5.0 for Windows which included VBA (Visual Basic for Applications), aka Macros. This opened up almost unlimited possibilities in automation of repetitive tasks for crunching numbers, process automation, and presenting data for businesses. Features Spreedsheet Data Types Formulas Functions Tables Computation capabilities Graphing tools Pivot tables Macro programming language called Visual Basic for Applications (VBA). How can this software help business transaction? The uses of Microsoft Excel and the Office Suite are almost limitless. One of its feature was numerical data has many applications in many fields, and Excel provides convenient tools for processing and presenting these data. The most obvious and simple use of this program is for calculations. Excel allows for obtaining computational results of complex equations, create different models and see how they work with diverse inputs (The Science Education Resource Center at Carleton College [SERC], 2018). With this, it is very convenient to business most especially to those business that contain big production and transaction. In conclusion, this software is a helpful tool can be of value to anybody working with statistics, budgeting, data analysis, computations, and event planning. It is quite challenging to master, but, once it is learned, it provides the user with numerous capabilities. Such features as charts and pivot tables enable users to analyse and graphically present large datasets. Oracle NetSuite History In 1998, Evan Goldberg founded NetSuite with funding provided by Larry Ellison, Oracle Corporation's executive chairman. Then, the company was known as NetLedger and was the first company to offer web-hosted business applications to users. Many consider it to be the first cloud computing software company. Then it became the leading integrated cloud business software suite for enterprise resource planning. That helps you manage inventory, track financials, host e-commerce stores and maintain customer relationship management systems. NetSuite was acquired by Oracle in November 2016 Features Accounting and Financial Management Customer Relationship Management (CRM) Warehousing and Manufacturing Analytics and Reporting Inventory Mangement How can this software help business transaction? The NetSuite is a complete set of business applications that enables corporations to efficiently track detailed business transaction data and turn it into decision-making information using a system built on a unified information architecture. In addition, this software will help to lessen the work on its financial department and help to release more free from error data’s. QuickBooks Accounting History QuickBooks is one of the most famous accounting software in the market. California-based financial software company Intuit released the first version of the software in 1998 to cater for the need of simplified accounting platforms. Features The software is available in three variants. The first one is the original desktop version of the software. The desktop-version offered the user various services such as remote payroll assistance and outsourcing, remote access capabilities, online banking and reconciliation, electronic payment functions, and more. QuickBooks also has a cloud-based service called QuickBooks online. The product is available to users who are willing to pay a monthly subscription, which provides them exclusive access to QuickBooks online platform. Lastly, QuickBooks Point of Sale is one of the newest offerings of Intuit. It aims to replace traditional cash registers by offering other functions such as inventory tracking, customer information, sales, and more. How can this software help business transaction? Business deal a lot of transaction almost everyday. With this software, they can easily summarize and present these transactions with the highest level of accuracy possible. This rigorousness of their job is because, at the end of the period, these reports would be a major of basis of future decisions. References: Edwin(2019).What are the Most Common Accounting Software Used? Retrieved from: https://www.aldariscpa.com/what-are-the-most-common-accounting-software-used/ ExcelHelp.(Febuary 2021). The History of Microsoft https://www.excelhelp.com/the-history-of-microsoft-excel/ Excel. Jobin, Jismi.(August 2020) What is NetSuite. https://www.jobinandjismi.com/blog/what-is-netsuite-features-benefits/ Retrieved Retrieved from: from: Oracle E-Business Suite Documentation Web Library Release 12.1 / Financials. Oracle® Financials Concepts Guide. Retrieved from: https://docs.oracle.com/cd/E18727_01/doc.121/e13424/T433149T433152.htm RSM(May 2020).What is NetSuite ERP software? https://rsmus.com/insights/technology/netsuite/what-is-netsuite.html Retrieved from:
