Before implementing any feedback software system, it is quite important to realize the benefits. The employees who get regular feedbacks regarding their performance perform better, build up better verdict and learn quicker than workers who do not. If implemented with training and care to enable individuals to serve customers in a better way, a feedback system is a bonus to performance management. In fact, the employees get a prospect to learn how their efficiency as a worker, staff member and coworker is perceived by others working in the same company. Most effective feedback software are based on attitude that other workers can view. The feedback produced provides helpful insights regarding the behavior patterns and skills required in a company to achieve the vision, goals and missions, and live up to values. Individuals who are elected as raters usually communicate with individual receiving feedback regularly. The key purpose of a feedback software program is to help every worker to know about his weak points as well as strengths, and to give insights into part of his job requiring professional development. This type of system also saves time of manager in that they now do not have to spend much time providing feedback because more individuals take part in process. The perception of coworkers is imperative and process aids employees learn how other workers take their work. Team development is another positive aspect of implementing feedback software. It makes members more responsible as they communicate the information that they will give inputs on every team member’s productivity. A thoughtful process can thus improve team development and communication. Also, when comments come from many persons in different jobs, discrimination on account of gender, age and race is reduced to a greater extent. The employers can get comprehensive details regarding training needs in company, and thus permit planning for cross training, cross functional responsibilities and classes.