"Make and store back-ups of your programs` configurations."
As you will have already gathered just by its name, no doubt, Software Settings Back-up Tool is able to save and store the configurations of your programs in only one folder.
This Software Settings Back-up Tool becomes very useful, for example, if you have to reinstall Windows, and later have to install loads of unconfigured programs ... this last step could be drastically reduced if you already have copies of your programs configured.
Another Software Settings Back-up Tool option is to export the configurations from your old computer to a new or different one. You can choose the program configurations you want to save or copy, and also add other applications.