Free Business Software for Small Business

Overview

If you’re starting your own business or are looking to save some money in these tough economic times, it’s worthwhile to consider some of the free business software solutions that are currently available. In particular, if your company is very small (under 5 people) or if you run an individual proprietorship, the free business software highlighted in this article, are solutions that offer solid functionality at an attractive price point (you can’t beat free). Some of the free business software categories represented in this article include Accounting Software, Inventory Software, Office Productivity Software, Web Conferencing and Collaboration Software, and Customer Relationship Management / Contact Management Software.

A. Free Accounting Software

One of the first things a company needs, after they have established their goods and services, is a good accounting software package, to help them track payments, receipts and bills. Fortunately, there are free business software options available for small companies just starting out. Some of these free business software options are a more limited version of established accounting software packages. Other free business software options are open-source solutions.

1. Intuit QuickBooks Simple Start Free Edition 2010

Intuit is a publicly-traded company that develops financial and tax preparation software and related services for small businesses, accountants and individuals. Its accounting software solution, QuickBooks, is used by thousands of companies worldwide. If you are a small company, and have 20 customers or less, Intuit QuickBooks offers a free business software solution for bookeeping. The solution is easy to use and a helps small business track sales & expenses, instantly create invoices, pay bills, & print checks, and organize their finances in one place, all tax ready.

2. GnuCash 2.2.9

GnuCash is personal and small-business financial-accounting software, freely licensed under the GNU GPL and available for GNU/Linux, BSD, Solaris, Mac OS X and Microsoft Windows. Easy and intuitive to use, GnuCash enables small businesses to track bank accounts, stocks, income and expense and is based on professional accounting principles to ensure balanced books and accurate reports. Keep in mind, however, because the software is open-source, the software may not always be stable and there may not be an adequate level of support for a less sophisticated user base. Although GnuCash is a free business software solution for accounting, companies should be fully cognizant of the pros and cons of using open-source software and have the adequate technical resources in place if they choose to use this type of software.

B. Free Inventory Software

Once a company is up and running, it will need to manage its inventory. Inventory management software is needed by small businesses and non-profit organizations alike, whether retailers, wholesalers, service consultants or manufacturers. Free business software solutions are available for inventory management, helping companies handle their inventory, sales, purchasing and reporting.

1. inFlow Inventory Software

inFlow Inventory Software is an inventory system for small businesses that is intuitive and easy to use. inFlow makes it easy to process orders, track customers, manage inventory, use barcode scanners, view reports, calculate sales taxes and currencies, and share information with colleagues, among other tasks. Using inFlow, small businesses free up more cash, save time on daily tasks, track profits and best-sellers, and keep fully detailed records. For small businesses needing only the basics, inFlow offers its free business software edition to use on an ongoing basis at no charge with no strings attached. Note, this is different than a free trial offer. In the future, when a business has greater inventory management needs, they can easily buy a license to unlock the Standard Edition features. Some of inFlow’s benefits are listed below:

• Easily find how much inventory one has and where
• Set up reordering policies to avoid over-stocking or under-stocking
• Directly reduce cashflow held up in stock and storage costs
• Built-in workflow tells you when you need to pick, pack, and ship products to customers
• Save time with automatically calculated totals, taxes, and discounts
• Accurately inform customers about updated prices, stock on hand, and order totals while taking their order
• Keep track of customer information, order history, and shipping status all in one place to answer customer questions more quickly
• Easily see which product lines are best-sellers or highest profit margin
• Predict sales and carry stock based on reports of past sales trends
• See a history of all changes to product information, inventory, customer orders, and more, along with who made them and when

2. Inventoria Professional Inventory Software

Inventoria is professional stock management software for Windows that allows small businesses to manage inventory in one or several locations as well as create purchase orders to be sent directly to a vendor. This inventory management software allows small businesses to manage stock levels by categories, location and supplier. Reporting includes Overall Inventory Levels and Inventory by Location. Designed to be very easy and intuitive to use, Inventoria can be up and running within minutes. A free business software version is available for non-commercial use only. The free version does not expire but does not support additional features for larger organizations. Some of Inventoria’s benefits are listed below:

• Simple, easy to use interface
• Monitor stock levels with easy to create reports
• Set low level stock warnings so inventory never runs out
• Transfer stock between locations with a few clicks
• Maintain supplier database
• Group common items into categories for easy stock management
• Create purchase orders and email them directly to vendors
• Set-up recurring orders and have them sent automatically
• Have multiple users access the data via a web interface with just a single installation

C. Office Productivity Software

An important productivity tool for businesses is Office Productivity Software. Oftentimes these productivity tools are bundled together into a suite of products that include a word processor, a spreadsheet package, and presentation software. As an alternative to Microsoft’s Office Suite solution, there are several free business software solutions that deliver the same functionality. Some of these solutions include Zoho’s productivity suite, OpenOffice and GoogleDocs.

1. Zoho

Zoho offers a complete suite of collaboration and productivity apps such Zoho Write, Zoho Sheet, and Zoho Show which compete with Microsoft Word, Excel, and Powerpoint. Featuring rich capabilities and many of the same bells and whistles as its desktop competitors, Zoho Show makes a strong showing for replacing a company's conventional office suite package.

2. OpenOffice

Designed from the start as a single piece of software, OpenOffice.org 3 is the leading open-source office software suite for word processing, spreadsheets, presentations, graphics, databases and more and runs on all major computing platforms - Microsoft Windows, GNU/Linux, Sun Solaris, Apple Mac. Because it stores data in an international open standard format, it can read and write files from other common office software packages. OpenOffice.org 3 is a free business software solution that can be downloaded and used for any purpose.

OpenOffice.org 3 is the result of over twenty years' of software engineering using a completely open development process. The open-source process means that anyone can report bugs, request new features, or enhance the software. The result: OpenOffice.org 3 is constantly being fine-tuned to incorporate the features that users want.

The status of current and future releases is displayed on a public wiki, so users can decide if and when they want to upgrade to take advantage of new features. OpenOffice.org releases release software several times a year so users can take advantage of new features as quickly as possible if they so desire.

Many of the components of OpenOffice.org are designed to mirror those available in Microsoft Office. The components available include:

• Writer: A word processor similar to Microsoft Word. It can function as a basic WYSIWYG editor for creating and editing web pages
• Calc A spreadsheet similar to Microsoft Excel. Calc provides a number of features not present in Excel, including a system which automatically defines series for graphing, based on the layout of the user’s data.
• Impress A presentation program similar to Microsoft PowerPoint. It can export presentations to Adobe Flash (SWF) files, allowing them to be played on any computer with a Flash player installed.
• Base A database management program similar to Microsoft Access. Base allows the creation and manipulation of databases, and the building of forms and reports to provide easy access to data for end-users.
• Draw A vector graphics editor and diagramming tool, similar to Microsoft Visio. It features versatile "connectors" between shapes, which are available in a range of line styles and facilitate building drawings such as flowcharts. It has similar features to Desktop publishing software such as Microsoft Publisher.
• Math A tool for creating and editing mathematical formulae, similar to Microsoft Equation Editor. Formulae can be embedded inside other OpenOffice.org documents, such as those created by Writer.

3. GoogleDocs

Google Docs is a free, Web-based word processor, spreadsheet, presentation, and form application, allowing users to create and edit documents online while collaborating in real-time with other users. Users can create documents, spreadsheets, forms and presentations within the application itself, import documents through the web interface, or send documents via email. Google Docs can be used as a tool for collaboration and editing amongst users and non-users in real time. Documents can be shared, opened, and edited by multiple users simultaneously. With respect to spreadsheets, users can choose to be notified of changes to any specified regions via e-mail.

Google Docs is one example of a cloud computing document-sharing service. Most document-sharing services require user fees, whereas Google Docs is free. Due to its enhanced sharing features and accessibility, Google Docs is becoming increasingly popular among businesses and individuals. Mobile Google Docs allows mobile phone users to view and edit their Google Docs documents in a mobile browser.

D. Collaboration and Web-Conferencing Software

Another important productivity tool for businesses is collaboration and web-conferencing software. Collaboration and web-conferencing software can be used for both internal and external uses, whether collaborating on product design, conducting sales training, or providing demos on products to potential customers. In some cases, businesses may thinking they are signing up for free web conferencing software solutions, only to discover later that the monthly services are only free during the 30-day trial period. To avoid that scenario, this article identifies three companies that truly offer free business software solutions for collaboration and web-conferencing: Vyew, Yugma, and DimDim.

These free web-based solutions allow presenters to share spreadsheets, PowerPoint slides, and charts with their partners and clients. Some, like Vyew, feature whiteboarding to further brainstorming and discussions that can accommodate twenty people, which an ideal meeting size for a small business. These web conferencing applications also hold lots of appeal for friends and family to share maps, drawings, and to solve computer problems. They should also be of interest to small and medium-sized businesses looking for a free web meeting service, and not willing to pay full web conferencing prices.

1. Vyew

Vyew is a browser-based web conferencing application that does not require users to download any software. Vyew features a one-click screen and file sharing, whiteboarding, and a patent-pending screen capturing tool enabling the user to reproduce his or her screen to share it with up to eighty web conferencing participants over the Internet or LAN. Vyew’s free plan includes unlimited meetings and allows up to 10 participants. The free plan also allows up to 20 VyewBooks with a page limit of 50.

2. Yugma

Yugma’s free web conferencing allows anyone, anywhere to share their desktop and ideas online with others. Yugma’s screen sharing capacity is the power behind Yugma’s real-time collaboration capabilities. With Yugma, multiple people can collaborate in any program, sharing mouse and keyboard capability in real time. The whiteboard feature of Yugma allows for virtual brainstorming sessions, either in or outside of meetings. The annotation tool allows for one or multiple people to edit or provide comments on work in progress. A Yugma Free web conferencing account allows users to invite up to 20 attendees.

3. DimDim

Dimdim provides a web-based platform for real-time, rich-media collaboration and meetings. Dimdim provides free web conferencing service where users can share desktops, show slides, collaborate, chat, talk and broadcast via webcam. Dimdim also provides free hosted meetings for up to 20 users on Mac, Windows & Linux.

Dimdim uses a very simple user interface so users can focus on the meetings and does not require one to install anything - even to broadcast audio or video. A small plug-in is required only if users want to share their desktop. DimDim’s free version is not a feature or a time-limited trial. An open source community edition has also been made available to developers.

E. Customer Relationship Management and Contact Management

The lifeblood of any organization centers on its customers. Customer Relationship Management (CRM) software helps companies manage those important customer relationships and position these companies for success in an increasingly competitive market. For companies that are small, there are some free business software options to help them with their CRM needs. Three of them are highlighted below in this section –Free CRM, ZOHO CRM, and TimetoNote

1. Free CRM

Free CRM is a web based software solution for customer relationship management and sales force automation. Free CRM addresses small businesses needs for contact and lead tracking, sales and contact management, sales pipeline management and forecasting, customer service and business management. Free CRM software and sales team automation tools enable your Email Campaigns, Call Automation, and Group Calendaring all in one place and all for Free. Free CRM has the highest uptime and reliability and the highest level of security in the industry.

FreeCRM features the following:

• Contact and Lead Tracking
• Sales and Pipeline Management
• Support Ticket & Service Management
• Advanced Security & Uptime
• Superior Technical Support

2. Zoho CRM

Zoho CRM offers customer relationship management functionality, and procurement, inventory, and some accounting functions from the realm of ERP. The free version is available the first 3 users. With ZohoCRM, users can create and manage sales leads, track sales and marketing, link emails with contacts and get a 360 degree view of their business. Some of the features of ZohoCRM are listed below:

• Sales & Marketing - Zoho CRM aligns Sales and Marketing by integrating sales with campaigns, leads, sales pipeline, forecasts, etc.
• CRM with Email - With the Zoho Mail add-on users can track all their customers email correspondence inside Zoho CRM.
• Plug-in for Microsoft Outlook & Office - Enhance productivity by synchronizing CRM contacts and creating mail merge docs.
• Inventory Management - Zoho CRM empowers users to complete the post-sales activities with an integrated inventory management system.
• CRM API for Third-party Integration - Developer API for integrating CRM modules with third-party business applications such as accounting, ERP, etc.
• Extensive Product Customization - Drag-and-drop UI tools for customizing Zoho CRM as per your business process.
• Role-based Security - Zoho CRM empowers users to control the CRM data access based on users' job role in their organization hierarchy.
• Reports & Dashboards - Zoho CRM helps analyze sales & marketing trends and key CRM metrics by reports and dashboards.

3. TimetoNote

Timetonote is a web based collaboration tool specializing in contact management that helps small businesses keep track of all their interactions with customers, suppliers, leads, or anyone important to their business. Not only does it track contact information, but Timetonote also tracks what the sales talked about and what they need to do next. Timetonote is a free service.

Users can use Timetonote to:

1. Keep all important interactions(conversations, emails, calls, etc) with a customer on one page
2. Review all communication with your share holders
3. Enter contact info for a potential customer
4. See all the people your company knows at CNN
5. Build a list of all your company’s suppliers
6. See a list of your tasks for this week
7. Set a follow-up sales call or technical call

Conclusion

Starting a business is exciting but is filled with challenges along the way. After completing a business plan and securing some initial financing, it’s time now to execute on the vision of the company. With so many free business software options available, entrepreneurs and individual proprietors alike have many tools to help them manage and grow their business in order to compete effectively in the marketplace.