A variety of business software are available to help companies make better decisions and operate more efficiently. Accounting software, for example can help businesses monitor the financial transactions and bookkeeping. Likewise, project management software helps to organize teams’ projects. Other business applications that are useful include collaboration and communication tools, which enable employees to collaborate on ideas and projects with others, even if they aren’t at the same location.

To effectively manage the business, you need an efficient workflow and a software infrastructure that supports the long-term objectives of your company. Effective application management (AM) enables you to meet these goals by enhancing productivity, reducing operational costs and gaining competitive advantage.

Stakeholders involved in application management comprise the following groups:

Application Managers applications for management This group of IT professionals is responsible for the application of your company. They are accountable for establishing and maintaining a list of all tools and software used within the organization, and determining the most efficient models for hosting, as well as integrations. This group also manages budgets for projects as well as day-to-day operations, and reports on the results to executives and stakeholders.

Business Unit Owners: Often responsible for deciding on the business functions and applications that will boost growth These employees work as a team with IT teams to design more user-friendly solutions and apply tactics to encourage acceptance and participation. This could include creating better user education programs or creating a system that solicits regular feedback regarding their effectiveness. They are also accountable for educating users about the necessity to update and modify applications in response to technological advances or transformative changes.