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How Task Management Software Helps Businesses Achieve Productivity and Profitability

Business operations involve numerous task management activities, including task creation, planning, assigning/delegating tasks, tracking, reporting, and execution. These activities demand significant time and effort.

No matter what size of business you run, the benefits of efficient task management are beyond comparison: when customer and market demand increase beyond manual management capabilities, businesses should opt for automated, digital task management to instantly scale capacity up, to handle complex tasks efficiently, and to increase productivity. It also allows businesses to avoid the time and cost of mismanagement, miscommunications, and inefficiencies that can directly impact business profits.

Businesses that leverage task management software tools can witness immense benefits and stay ahead of the competition. These tools help optimize resources, control workflow, drive collaboration, meet deadlines, enhance communication, and improve efficiency. As per reports from Fortune Business Insights, the global task management
software market size will reach USD 4,535.5 million by 2026.

Let’s see what features reliable task management systems provide and how these tools help businesses revamp productivity and profitability.

Prominent Task Management Software Features To Help Achieve Effective Productivity

task and productivity management software

Task management solutions offer comprehensive tools and features to control various stages of the task management lifecycle. Here are the most trending task management software features that can help businesses achieve effective productivity.

1. Task Planning

Task management systems help managers plan tasks systematically from the start. The software provides a platform to break a complex task into stages or smaller tasks through a structured approach based on the budget, resources, scope, and timeline. These subtasks can be assigned to different people and managed effortlessly.

Besides, you can organize, prioritize your tasks, and modify these easily throughout the planning stage. The best part is that you can view the split tasks collectively on a unified task management software platform.

2. Task Delegation

Appropriate task delegation is a challenge for managers. It is crucial to match the right task to the right person and ensure that no team member is overburdened or underutilized. Reliable task management software enables seamless task assigning.

Elimination of manual assignment ensures better accuracy and quicker task delegation. The software also sends relevant alerts to the team members when a task is assigned to them. Additionally, team members can better view subtasks and understand which person is responsible for them. It improves accountability.

3. Prioritization

With too many tasks running in parallel, it is challenging for managers to prioritize the tasks. Some tasks are dependent on others, and some have shorter deadlines. Managers need to assign these based on the complexity, deadline, and available resources.

Task management tools help automate and control task prioritization, deciding what tasks need to be completed at the earliest. The tools enable classifying these tasks into subtasks, dependent tasks, and priority tasks. The software also automatically alerts relevant people about what tasks are on priority and need immediate attention. Moreover, all the stakeholders can view the task prioritization on the software platform anytime as required.

4. Status Tracking

Task status tracking is the most common and essential task management software feature. An abundance of tasks need to be efficiently controlled, optimized, and granularly monitored at all stages. Task management systems offer task-tracking tools that help managers and teams keep track of the status of each task and identify the bottlenecks. They can thus take appropriate measures to correct the issues and ensure task completion.

5. Security

Data security is essential for every business, be it for business data or client information.

Manual data management is prone to security breaches as data is stored on multiple platforms where various people have the authority to access it.

Moreover, it becomes challenging to grant selective, role-based access to people. When sensitive data is lost or altered, it can irreversibly damage the company’s growth and reputation.

manual data management by a man reviewing charts and graphs on paper

Task management systems allow the storage of all information on a unified platform, making it more accessible for administrators to monitor security effectively. Task management software provides robust, multi-layer data security features with data encryption and role-based access controls.

The system administrator can centrally control security permissions, provide data access to relevant/specific personnel, and restrict others from accessing or modifying it. Additionally, the software records and helps track which user has accessed or altered data, making it easier to detect unauthorized access and take appropriate action.

6. Communication and Collaboration Tools

Task management software provides comprehensive document management, communication, coordination, and collaboration tools like contact management, calendar management, synchronous editing, messaging, and more. These tools help enhance team collaboration and streamline task management processes. Everyone agrees: task management systems momentously improve project management (after all, projects are comprised of tasks), task efficiency, team productivity, and overall performance.

7. Notifications

As discussed above, task management systems automatically issue notifications and alerts as needed to all the task stakeholders when there is a need for action, for example, task assignment notification, deadline alert, etc. The software also allows customized email templates for personalized notifications.

8. Analytics and Reporting

Modern task management systems provide business intelligence (BI) tools, analytics, and reporting. These features help managers make informed decisions to save time, costs, and resources. Analytics offers valuable insights into possible outcomes based on past data, while the reporting feature helps generate customized reports on performance, issues, and shortcomings requiring immediate attention.

9. Integrations

The right task management system is the one that allows seamless integration with your existing systems as required, for example, CRM, HR, and accounting systems. Without these integrations, it’s difficult to share data across these platforms. Top task management solutions allow all the necessary integrations without hassle, out of the box.

Wrapping Up

Task management systems are tools that help organizations/businesses streamline and control the complete task management lifecycle. The software helps prevent delays, eliminate manual errors to improve accuracy, enhance communication, achieve better coordination, ensure data security, increase process efficiency, and achieve employee satisfaction. Task management software helps boost overall business productivity.

productivity and efficiency software

As Jim Rohn rightly stated, “Time is more valuable than money. You can get more money, but you cannot get more time.”


So, save time, resources, streamline workflow, witness perfect task management, and boost profits by choosing the right task management software for your business.

6 Ways Task Management Can Increase Business Efficiency

According to Capterra, “97% of organizations believe project management is critical to business performance and organizational success.” With companies searching for new ways to complete more tasks more efficiently, many are turning to various software applications to help them try and do it all.

If your business is trying to juggle several projects at once without letting anything fall through the cracks, don’t worry. There are solutions out there to help you manage all of your business tasks and projects effortlessly.

One of those solutions is a ERP based task management system.

What is Task Management?

Juggling Project Management

According to ProjectManager, task management “involves a process by which you follow a task through its lifecycle, from planning to testing, tracking to reporting.”

A task management software can help you follow these tasks through every phase, ensuring that they are completed fully and on-time– or earlier. A task tracking software is a great way for you to get an overview of all of your tasks and ensure that they are being completed at the highest level.

Now that we have a clear picture of what a task management system is, what specific features of the system can help you streamline business practices? How can these features help you decrease wasted time in your company and increase business efficiency? Here are 6 of our favorite features of task management software:

1. Everything in One Place

Using a task management system, you can manage all of your tasks from one, centralized location. By having all of your tasks on one platform, you can better oversee both your individual tasks, as well as tasks that members of your team are working on.

2. Team Tasks

Speaking of team tasks, when using team task management software, collaboration becomes a whole lot easier. Using a task management software, you can view what task each member of your team is currently working on, what tasks they’ve completed, and what tasks they’ve failed to submit on time.

This is a great way for you to stay up-to-date on the current status of your project and allows for transparency between every member of your team.

3. Determine Task Priority

sticky note about erp task management

Another feature of task tracking software is the ability to prioritize tasks. Using task management software, you can determine what tasks have the highest priority and what tasks have the least priority. This is a great way for you to compartmentalize tasks and put your attention and focus on the most important tasks first.

4. Task Reports

Once tasks are completed, learn how you and your team can improve! Using a task management system, you can generate task efficiency reports

These reports are a great way for you to learn how you and your employees respond to tasks. Reports can give you insight on your response rate and your task resolution rate, which you can narrow down by date and employee. This is a great way for you to get a clear view on how your team responds to tasks, and how your business can complete tasks with more efficiency.

5. Create Deadline Alerts

If your business is hit with several tasks at once, it can be hard to keep track of them all. With all of these tasks in your business pipeline, it is inevitable that some deadlines will be missed due to lack of task management.

Using your task management software, you can set deadline alerts on tasks so that you and your employees are aware of upcoming due dates. With this task tracking software, you and your team can help ensure that no task deadlines get missed again.

6. On-Time-Task Tracking

erp software task management

With a task management system in place, you can track how much time each task takes to complete. This is useful information because when you go to plan a similar task in the future, you will have a better idea of how much time to allocate to that specific task.

In addition, knowing how much time is spent on a task also allows you to increase employee productivity

For example, if one employee can complete a certain task at both a high level and in a short amount of time, wouldn’t you want them to complete all similar tasks to that one in the future? Using a task tracking software allows you to see how long each employee spends on tasks, allowing you to set them up with tasks that have them working at peak productivity.

Conclusion

When a business is growing, so is its daily workload. As your company expands, you’ll be tasked with finding new ways to manage and ensure all tasks and projects are completed both on time and at a high level.

Task Management

This is where a task tracking software can help. But not all products are the same. How can you know you’re choosing the best task management software for your business?

Start with figuring out what you want your software to help you achieve. After implementing a task management software, you are your team should be able to monitor and complete tasks with more efficiency. You should be able to prioritize tasks, create deadline alerts, and ultimately streamline your task process in order to create (and sustain) a more efficient and successful business.