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Idea management software streamlines the process of collecting and developing ideas related to business focus areas, including product development, daily operations, customer feedback, market trends, and competitive insights. The goal is to organize and manage these ideas for improvement or development. These tools enable users to gather feedback from both internal and external stakeholders. This software allows companies of all sizes to innovate and grow by actively guiding the ideation process. It provides custom permission settings, letting users determine the level of transparency and confidentiality for each project. Ideas can be sourced from across the entire organization, not just from specialized departments like R&D, product management, and marketing. Additionally, idea management software can integrate with various collaborative tools, such as employee engagement software, intranet tools, and enterprise feedback management software, facilitating the management of recommendations from both internal and external sources.