A modern business utilizes software to increase production, streamline operations and interact with customers. It is flexible global, multi-cultural and social and focuses on customer satisfaction and sustainability. Collaboration and innovation are the key forces behind this type of business.

Modern business software can range from accounting software for home use to E-commerce platforms, office suites, and tools for managing projects. Advanced analytics, for example allows e-commerce businesses to monitor consumer behavior and provide personalized suggestions. This gives an edge in competition.

In the early days of computers, a number of companies created their own internal systems. In order to minimize mistakes and save money, they developed their own systems. As computers advanced, it became more affordable to purchase commercial off-the-shelf (COBOL) programs and install them on individual desktop computers or on large servers. This allowed businesses to increase their efficiency and improve data accuracy.

Commercial software is able to save companies money and time as well as resources. These programs also provide greater security and conform to industry standards. This can help prevent legal issues and protect sensitive data from cyber threats and data breaches. The software should also be scalable so that it can grow along with the company. It must, for instance include features such as data encryption and multifactor authentication webpage as well as be compliant with industry standards and best practices.