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Top 5 Independent Pharmacy Software Trends for 2019-20

Is your independent pharmacy optimistic about the upcoming year? When you aim to provide better care to more patients, it’s important to think creatively with forward-looking management on your part. Here technology comes to rescue by helping your pharmacy perform with more precision, accuracy, and fewer errors.

The requirement of potent management solutions comes with the growing trend of online migration and increasing sales. Technology advancements in software helped the medical industry especially, the pharmacies in many ways in the past as well and will continue to do so. 

Here are the top 5 Independent Pharmacy Software trends for 2019-20 you should be aware of:

1.      Deriving value out of the data and optimising it through advanced technology software

Be it a standalone pharmacy store or a pharmacy retail chain, there is always a tremendous amount of data lying around. Making the most of this data through pharma management software embedded with a data analytics program helps in growth and better branding. 

It allows you to make better decisions with all the data. This data – financial data, customer data, and clinical data – helps monitor specific customer behavior, required changes to influence buyers and cost-effective store management. 

2.      Organizing and tracking business activities through pharmaceutical wholesale software

With the increasing trend of online migration, it increases business and sales. Keeping track of the deliveries and stock or staying updated with any regulatory changes become a real-time challenge. The best software for pharmaceutical wholesalers like PharmAssist, one of the best pharma wholesale software India to help you in comprehensive process management and become more organised in terms of your business activities.

There is more pharma wholesale software in India which not only helps in managing purchase orders and sales but also inventory, accounts/financial management, and people management. Software for pharmaceutical wholesalers helps in interactive and analytical graphical reports on sales/routes/area-wise billings. It offers the added advantage of fast billing, organised & scientific stock arrangement and hence helps in faster stock removal & delivery.

3.     Implementing software for complete control over distribution channel management 

The bigger the retail chain is, the harder it becomes to manage the distribution chain manually. From processing and billing to workflow and accounts receivable– pharma retail chain management software makes it easier for distributed retail chains to run their businesses efficiently.

This works the best for multi-store owners with a centralised management system - inventory, warehouse & tender management.

4.      Automating & optimizing operations through pharmaceutical accounting software

One of the most important aspects of the C&F business is optimising operations where comprehensive account management software like GO4PLUS, the best pharma accounting software in India, helps your business automate the operational process with a lot of additional advantages of online billing, inventory management & accounting up to finalization.

5.      Fastening the fee process and determining the billing accuracy through ultimate billing software

The manual process is failing to determine the exact amount of fees or state taxes that may have to be incurred while you ship the medicines to a specific address. This is putting retailers through many financial troubles. It’s smarter to utilise billing software which is specifically designed to suit the standalone retailers & pharmacies for faster and easier billing in medical stores or retail shops. PharmSoft is one of the best ERP solutions for the Pharma Industry. This retail medical software is an integrated medical store billing software and a comprehensive solution for the entire spectrum of billing operations, including sales, purchase, order processing, sales returns (credit note), purchase returns (debit note), accounts, inventory management. 

Roadblocks will be there in your successful run into the upcoming year but you will manage to give your business the edge over your competition with a little planning and research. To stay one step ahead in the growing competition in the Pharmaceutical Industry and consolidation of retail pharmacy chains and to face the challenges in the increasing specialty pharmacy market, you must follow the trend of optimising futuristic and state-of-the-art technology today. It is important to understand the challenges ahead of the game. 

If you’re struggling to make the right technology choices, visit www.csquare.in and explore the best pharmacy management software, retail medical data management software, retail medical software, medical shop billing software and more.