Uploaded by Geleen Rose Padernal

Software Buiness Tools

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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
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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
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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:
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