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SalDist Retail Solution: 5 Tips to Build A Successful Omnichannel Retail Strategy

SalDist Retail Solution

SalDist Retail Solution

The Omnichannel Retail Strategy can diversify boundaries between physical and digital aspects to capture consumers and drive sales. This blog features Top 5 tips to Build A Successful Omnichannel Retail Strategy by leveraging SalDist Retail Solution.

The Omnichannel Retail Strategy is a competitive and continuous approach to target and re-target consumers by influencing them to purchase your products or services. It is quite an important fact to refer that consumers are everywhere, and businesses should now understand the need for a unified experience to retain consumers by following their needs, demands, aspirations, and accessibility of your brand. Due to the advantage of targeting consumers through various modes, it is substantially possible to adapt an omnichannel retail strategy to boost your business.

As per HBR, 75% of consumers prefer to shop on multiple channels to get the best offers and prices. It shows how businesses can leverage this consumer trend to increase sales and revenue.

The omnichannel retail strategy helps in business transformation to increase reachability. It creates synchronization of various business activities centered around consumers and opens the door for better customer relationships. The seamless shopping experience for consumers might offer businesses different capabilities to drive more growth, revenue, and customer traction by tapping multiple opportunities. It also enables businesses to create an omnichannel presence to reach diverse consumers, ultimately simplifying consumer experiences. This can all be achieved through a dedicated ERP and Retail Solution.

Why Omnichannel? Integrated Marketing Experience

The Omnichannel Retail Strategy can be a significant step towards an integrated marketing experience to offer substantial purchase points to consumers by adopting multiple strategies and platforms. From social media, e-commerce to consumer interaction at a physical store, the omnichannel retail design can help smooth your products’ smooth conversion and sales. It follows various marketing tactics and keeps the consumers always at the core of your business forefront.

5 Tips to Build A Succesful Omnichannel Retail Strategy

The Omnichannel Retail Strategy should always revolve around the business type and industry to ensure you get the best worth out of it. Here are five tips that you can follow to ensure a successful omnichannel retail strategy.

1. Integrated Approach for Online & Offline Presence

As the world is now adapting towards consumer trends backed by technology, integration of online and offline presence in consumer journey can progressively foster business development in much better way. The businesses should also plan to develop a web store application that should align well with physical stores’ offerings to interconnect various shopping experiences at the consumer level. It will help in diversifying the ways of shopping for consumers.

Regarding marketing agendas, The omnichannel retail tactic can also benefit consumers if they purchase products from e-commerce platforms through paid ad networks. It can only be made possible through a formal integration of online and offline processes. The retargeting of campaigns can be done to a specific group of offline consumers to achieve this.

2. Digital Transformation & Process Consistency

Digital transformation can be the key to building an omnichannel retail strategy. Conventional businesses should transform their business process to support both physical and digital presence. It means that the process flow and information pipeline should be consistent across all the channels to enable a unified experience for consumers. The business can invest in SalDist Retail Solution to make this possible. It offers seamless integration and sync business activities across the mobile app, website, or e-commerce portal to ease sales and business processes.

3. Unified Brand Experience

This is a crucial factor in marketing to get more value out of omnichannel retail strategy. The business should focus on creating a unified brand experience to choose the platform as per their convenience. The brand feels, visuals, and catalogs should be available similarly across all platforms to influence them to buy products through various marketing tactics. Whether social media, physical presence, or e-commerce, the brand should have seamless selling products. The retail solution can ensure catalog management in a scalable manner to achieve a unified experience.

4. Data Analytics & Consumer Insights

The business should invest in ERP and Retail Solutions to get a hold of consumer insights. Data-driven strategies in business can foster growth acceleration and may enable them to make viable decisions. It can help businesses in creating consumer journeys and shopping experience to cater better than their competitors. Knowing consumers can always help in leveraging competitiveness. It will fuel the omnichannel retail strategy by offering varied advantages like- product category selection, demand/supply forecast, sales inventory, etc. The data is an essential aspect of developing solutions and marketing strategies for enabling sales that can be focused on diverse groups of consumers.

5. Integrating Enterprise Resource Planning in Omnichannel Retail Strategy

The business should handle information across various modes and platforms throughout the organization. This can be achieved easily by ERP Software or SalDist Retail Solution. It can act as a backbone or supporting element for your omnichannel retail strategy to offer Order Fulfillment, Accounting, Logistic Planning, Delivery, etc., to help businesses manage high volume orders without flaws and issues. Retail management is a crucial part of any business, and mediating between store forefront and back-end is essential to fulfilling commitments for consumers.

The Omnichannel Retail Strategy offers multiple advantages to businesses to meet their needs and capture their attention at the right time. Tapping onto crucial aspects of the consumer journey through various modes and channels may help improve the strategy to drive growth and revenue. The SalDist Retail Solution can offer all such advantages to help businesses manage their sales and process better.

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ERP Software Management – A Quick 5 Steps Guide

ERP Software Management

ERP Software Management

Businesses need to understand various aspects related to managing ERP Software. This blog features a 5 Step Guide to ensure better Management of your ERP software to get the best ROI for your business.

ERP (Enterprise Resource Planning) is quite a critical tool to run and manage businesses. Companies face numerous problems from day to day due to the inefficient processes that might hinder the organization’s growth and development. The concept of ERP comes into play to help businesses manage the supply chain, manufacturing, services, finances, accounting, delivery, etc. It fosters efficient operations and scalable management standards for better functioning of operational elements.

Why there is a Need to Ensure ERP Software Management?

The concept of ERP is to plan and manage business resources efficiently. ERP synchronizes reporting and automation by reducing the necessity to take care of separate databases and spreadsheets that may be manually merged to develop reports. This combined data collection and reporting offers valuable insight and data analytics, which can help streamline processes to support real-time business decisions. As ERP is quite efficient in running the businesses, it is vital to ensure that the software is managed well by the organization to incur value and benefits.

ERP Software Management – A Quick 5 Steps Guide

The ERP Software Management helps keep the software up to the mark as per the business requirements and industry scenario. Since we all know about how ERP allows businesses to foster growth and development, it is quite essential to manage the software to ensure the best value and ROI. Here are some of the points to ensure ERP management in a better and efficient manner.

  1. Aligning ERP with Business Goals & Processes:

    Business Process Management is often thought of as an intentional effort to plan, document, implement, and distribute an organization’s business processes with data or technology support. Organizing the ERP tool as per the business goals aligning with short term and long term plans can help them to evaluate progress in a better way. It also offers functionality to set data points, manage business processes, assess charts, etc. Businesses can make use of such features to get a holistic view of operational aspects.

  1. Change Management Strategy & ERP:

    The ERP should go well with the organizational changes. It is crucial for Management to ensure that ERP accommodates all those features, functionalities, and data points to gather comprehensive analysis and business activities through a dedicated dashboard. The organization may go through crucial changes from time to time, and it is the organization’s responsibility to ensure such aspects of ERP software.

  1. Training Support & Knowledge Transfer:

    Training employees on skills and knowledge about the software is quite necessary to efficiently execute the Erp strategy. The manager or team leads need to ensure that the ERP application’s end-user should be trained and accustomed to the software’s process and features to get maximum benefits out of it. Through knowledge transfer and training, employees will be able to utilize ERP for day to day decision making. It will also help in feeding accurate and reliable data to software as per the business processes.

  1. Feedback and Analysis for ERP Improvements:

    The various teams and departments should check for feedbacks and analysis related to ERP software. Management should access software on a time-to-time basis to ensure that it meets its goals and requirements. There could be a possibility when the users or business may demand additional features to increase efficiency. These changes and requirements should be tracked to make the software more productive for business growth.

  1. Software Updates & Industrial Compliances:

    The software updates are crucial to ensure data privacy and security. As technology is advancing fast day by day, hackers have new vulnerabilities or threats that steal business information. The software update patch can ensure protection against the latest security threats. The software update may also have the latest compliances as per the government or industrial norms to provide accurate information related to revenue, taxation, invoicing, etc.

These points highlight the need and requirements on how businesses can manage ERP software and get the worth out of it. Since ERP is the core of the business, it should be updated as per the business and industry norms.

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AI and ERP – Post COVID-19 Scenario in Retail Management

AI and ERP

AI and ERP

In the post covid world, AI and ERP will redesign Retail Management trends. It will change the way consumers shop and bring efficiency for businesses in various ways.

The scenario of the retail industry is continuously evolving and changing due to the covid-19 outbreak. The future of retail is quite exuberant as it gives consumers the option to shop in some of the most exciting ways. Progress is already in the making due to technology and innovation through Artificial Intelligence, Big Data, Data Analysis, etc. The post covid scenario will offer more retail management opportunities to re-design business and consumer aspects in innovative ways.

AI & ERP: Building Blocks to Empower Business

Retail stores have shifted towards digital trends and adapted transformation strategies to increase efficiency and order delivery mechanisms across the retail industry. Artificial intelligence and predictive analytics systems are playing a vital role in making the companies data-driven decision-makers. The AI and ERP combined are the building blocks to empower the businesses to foster growth and development.

How AI & ERP Will Foster Transformation in Retail Management

Here are some of the aspects which will help in shaping the future of Retail Management in Post Covid-19 world:

  • Transformation in E-Commerce Retail:

    Analyzing purchasing patterns, interests, pricing aspects, etc., can help businesses drive digital growth. These data types can feed Artificial Intelligence with certain aspects to re-design solutions for consumers more efficiently and conveniently. The AI-based model, combined with ERP, can drive more sales by upselling or suggesting recommendations based on purchasing behavior. It can also help in conveniently gathering such information across different product categories for decision making and management.

  • Enhanced Analysis for Marketing:

    The ERP, along with AI and advanced algorithms, might help retail businesses to get a clear picture of customer expectations based upon interest, demographic data, buying behavior, promoted sales, and various factors that might influence the customer to purchase products. Using qualitative and quantitative data, retail businesses can cater to consumers better. In the post covid scenario, digital consumption and brand retention will drive sales for businesses, and this data can help them plan marketing campaigns better.

  • Self-Service Kiosks in Retail Stores:

    Retailers must take the opportunity of AI technology and ERP software to promote the contactless shopping experience in offline retail stores. The high-end technology will allow the customer to select the items and pay for them without waiting in a queue. It can be made possible with minimal human interaction, which will also save time.

  • Logistics and Inventory management:

    AI can help in logistics to manage various processes seamlessly. The ERP dashboard powered by AI can track the Retailer’s inventory, delivery, and distribution in real-time to maintain effectiveness and efficiency throughout the process. It will make the process accurate and reliable while meeting the expectations of the customers without any failures.

  • Automated customer support:

    Automated chatbot in Retail Management is a great opportunity to utilize AI technology in a better way. AI bot and Machine learning can help in solving consumer issues more efficiently. It can fetch data from ERP software to know about order details, customer history, and status to assist consumers better. It will also help businesses to get insights about consumer experiences.

  • Readiness for Voice Commerce:

    In the post-covid-19 scenario, The Retail Business will take one step ahead and make online shopping easier through voice-enabled searches. Virtual assistance such as Amazon’s Alexa, Apple’s Siri, Google assistance is the live example to understand the concept. The consumers will be able to purchase and add items to their cart through voice commands. These features can be integrated with application platforms to offer additional benefits to consumers.

  • Smart Management & Sales Forecasting: 

    ERP software can integrate AI-based scripts to forecast sales across various product categories to define better profit margins and stock readiness. It can also foster smart management of retail stores or businesses by assisting on crucial tasks and activities. This will also help in keeping the check on performance and will ensure quality.

These aspects will offer various opportunities to businesses in terms of seeking growth in a post covid world. Since people are already adapting to digital mediums to shop products, this move will profit for retail businesses.

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5 Popular ERP Softwares In USA For Accounts and Financial Management

ERP Softwares

ERP Softwares

The ERP software can help businesses to manage operations and activities across various departments. To boost efficiency and increase productivity, these types of software can help companies to focus on strategical and management approaches to overcome crucial challenges.

ERP softwares can assist in numerous activities spanning across Human Resource, Order Management, Logistics, supply chain management, etc. but some of them also feature dedicated capabilities to cater to specific areas like- Accounts and Financial Management in a comprehensive way. There could be requirements that businesses might need specialized software that can focus more on these areas to benefit them in numerous ways.

Competitive Factors for Selecting ERP Softwares

There are various factors to refer to before choosing an enterprise resource planning software. As every software comes with different capabilities, it is crucial to focus more on the business requirements to meet the needs substantially. The specific criteria mostly revolve around these three aspects:

  1. Costing: It is crucial to know how much the software would cost as per the capabilities and features offered. It is also essential to know annual maintenance and support features to resolve technical challenges with ease.
  2. Usability: The usability talks about how easy it is for the organization to adapt to the software. It covers aspects related to training, knowledge transfer, organizational structure support, etc. It is always recommended that software should feature easy to use interface so that employees can adapt it quickly.
  3. Features: The features and deployment options are one of the most primer factors for organizations. ERP software should be capable of delivering the solutions required as per the business needs.

5 Popular ERP Softwares In the USA For Accounts and Financial Management

1. Oracle Netsuite

The Oracle Netsuite is one of the most popular ERP software to assist all kinds of businesses with account and financial management activities as businesses manage a lot of data related to day-to-day activities such as- purchasing, sales, credits, etc. It is capable of recording and reporting data across the organization. The Netsuite integrates essential features such as- business intelligence, analytical reporting, real-time visibility of information, etc. to enable comprehensive business management. Being the software developed by tech-giant Oracle, this is the perfect solution for scaling and growing your business.

oracle.com
Features:
  • Cloud-Based ERP – It can be deployed on the cloud and can be accessed anywhere without the device or location dependency.
  • Supports Data Accessibility with ease – A perfect software suite for managing accounting and finances as it offers capabilities to report information as per various data points. The strong data model powered by Oracle can help in the storage and retrieval of information reliably.
  • Workflow Automation – The workflow automation feature helps businesses to add various checkpoints and approval processes to eliminate the scope of data redundancy. It also helps in easing out the process of feeding data to the system. It keeps the logs synchronized across multiple data access points.
2. Sage Intacct

Sage Intacct is a reliable enterprise resource planning software suitable for small and mid-sized businesses. Its intuitive interface and business-friendly features make it a desirable product to be used by businesses to maintain accounts and financing without any hassles. This software is capable of handling all crucial functions related to core business accounting and finance.

softwareadvice
Features:
  • Supports 3rd Party Application Integration: Offers Compatibility to integrate 3rd party software like Salesforce for added functionality.
  • Easy to Use UI: The simple, user-friendly interface makes it easy to be used by beginner level employees. The system offers the scope to learn features and functionalities without any advanced knowledge.
  • Process & Manage Transactions: Helps in easing out the process of managing the transactional records. It also allows interactive reporting to understand various aspects of business accounts management.
3. SparkRock

The SparkRock is a robust cloud-based accounting and financial management ERP software best suited for businesses of all kinds. This is one of a kind software that specializes in offering dynamic solutions related to accounting and financial management.

Features:
  • Financial Management: Helps in comprehensive financial and accounts management to reduce financial risks and ensure data integrity. It comes with various features to track and monitor various aspects related to the accounts & finances of an organization.
  • Accounting Features: It offers accounting features like- General Ledger Updatation, Automatic Invoicing, Storing Transactions, Expense Management, Purchases, Credits, Payables. Etc.
  • Data Analytics & Reporting: Allows tracking and reporting of data based on crucial business factors. It uses intuitive ways to report the data through various charts, graphs, data-points, etc.
4. Zoho Books

Zoho Books offers various advantageous features for businesses to manage accounting functions. It is a bundled software that can also be integrated with Zoho CRM to add extra capabilities of customer relationship management and enterprise resource planning altogether.

zoho.com
Features
  • Accounting Solution for Businesses: Zoho Books offers various advantages to solve crucial challenges related to managing transactions, invoices, payables, etc. It can keep track of all business activities and accounting aspects.
  • Mobile-Friendly Application: It also offers mobile app support to manage and track activities on-the-go using the android or ios app.
5. FreshBooks

FreshBooks is another essential solution to solve challenges related to accounting and financial management. It is a cloud-based software best suited for SMBs to manage their accounting and financing efficiently.

Features:
  • Configurable Features: The business can configure various accounting-based features as per the business needs and requirements.
  • Intuitive Dashboard: The easy to use dashboard is quite capable of reporting data and makes reporting simplified for the users.
  • Transactions & Payments: The businesses can easily synchronize the billing dates and deadlines to take care of invoicing and payment schedules.

These are some of the best and popular ERP Software used by businesses in the USA to manage accounts and finances in a better way. You can also choose to invest in ERP softwares to increase your business efficiency and productivity.

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mHealth App Development – How the Demand of Healthcare Mobile Apps is Raising During COVID-19 Phase

mHealth App Development

Mobile App Development

The Covid-19 scenario has given various opportunities for the healthcare ecosystem to offer services through mHealth app development. There is an enormous rise in demand for medicine delivery, telemedicine consultancy, healthcare tracking, etc. The mHealth app development for the healthcare industry has seen an enormous rise in the last few days.

mHealth App Development- Demand of Healthcare Apps During COVID-19

The COVID-19 Pandemic has reached a stage that has started affecting people not only physically but mentally as well. The situation has got so intense that it has become a big task for the healthcare system and governments to control the cases. The movement of people is prohibited, and people cannot even step down on the streets to get hands-on the essential services. The worst part about this entire pandemic is that all the clinics and hospitals are full of coronavirus cases. It is restricting people from visiting doctors during an emergency. The instances of COVID-19 are inflicting at an alarming rate.

As per the statistics by Practo, the number of telemedicine consultations has seen a growth of over 100 percent every week. This is a good opportunity for the healthcare ecosystem to leverage digital mediums as people are avoiding visiting the hospitals due to the pertaining risks.

However, amidst the entire situation, one thing we can feel blessed about is to be born in an era that is severely technologically advanced. With the help of modern healthcare ERP apps, one can get access to doctors and nurses through their comfort zone. Currently, we can subtly say that smartphones have proven to be the smartest companion for us during this quarantine season. One can now rely on smartphones for literally everything starting from food and groceries to health care services. The healthcare industry is the one that has seen the maximum demand for modern telemedicine apps for people who are genuinely in need.

Mobile Technology & Apps for Healthcare Space

Mobile technology is making a massive entry into the healthcare space. These mobile healthcare apps are all about using mobile devices to improve the health condition of the citizens of the country through various modes. The service of these healthcare apps could be as necessary as just using the SMS service to send messages or even use the app to interpret some critical data. The three fundamentals, which are structural, behavioral, and financial factors, have determined the need for such modern apps. In terms of cost factors as well, these services come at an affordable price for the citizens. Either they can choose subscription mode or can pay per consultancy to avail of the services.

Why Is There a Need for Healthcare Apps in the US?

The entire issue is that the base of the coronavirus patient count is rising at a tremendous rate. Currently, getting access to the most basic health service can become cumbersome as there are various risks involved. As per the expert recommendations, mobile apps and technology can really drive success in terms of patient care during the time of COVID-19. The digitization of healthcare during this time can really give a boon to patients as they are not at all able to access the physical healthcare services due to the fear of the virus.

As per the stats, 81% of adults in the United States use smartphones which enables them to utilize the trend of mobile healthcare through the comfort of their home.

Remote Services to Treat Patients Virtually to Avoid Risks

Telemedicine consultation in the US is seeing a high rise during this time where the healthcare systems are mostly overloaded with the patients suffering from coronavirus. In order to limit the contamination, remote telemedicine services could safely counsel the patients and can diagnose them with non-chronic diseases without any risks. While social distancing is the compulsory norm, virtual services through healthcare app can really help both patients and physicians.

The Emergence of Healthcare Needs

The COVID-19 has really changed the perception of people towards the healthcare system. It is now important to see the emergence of healthcare needs by integrating healthcare into custom mHealth development and devices to make it beneficial for the citizens of the country. Here are a few aspects of how the mobile-driven healthcare wave can revolutionize ways:

  1. The patients and doctors can establish active communication on a time-to-time basis through a technology-driven structure.
  2. The digitization will improve the emergency response system for patients. The integrated system can help doctors to check the track record of patients and can immediately proceed with further actions required.
  3. It can lead to mass awareness and prevention of various diseases and viruses through active diagnoses.

Healthcare Mobile App Features: Enabling Convenient & Affordable Care

  1. Medical Logistics & Services: Diagnostics, Free Home Checkups, Digital Reports through Mobile Application, Medicine Delivery, etc.
  2. Telemedicine: Online consultancy through chat or video call with physicians or healthcare experts.
  3. Enabling Data-Driven Approach: Tracking healthcare through AI-based mechanisms for better healthcare support.
  4. Fitness Devices can complement the revolution for mobile apps to give in-depth insights into heart rate, calorie counts, etc.

mHealth App Development- Demand of Healthcare Apps During COVID-19

Ways to Drive The Adoption of Healthcare Technological Apps

The technology is enabling the adoption of healthcare apps in a very fast manner. As there are various technological trends already giving opportunities for efficient and innovative systems, Artificial intelligence and ERP data-driven approaches can be a boon for patients and healthcare organizations. Active monitoring through healthcare apps can give greater scope to users for ensuring their holistic health. Ranging from tracing the fitness levels to ensuring the sleep cycle, the apps could really come in handy for everyone.

The healthcare organizations and govt. can roll out applications in the market so as to make people aware of healthcare in a much better way. The apps can help users to keep them healthy and active while it can also enable the insurance providers to give benefits to the users on the basis of their healthy lifestyle. While it should not be totally controlled by the organizations, it can be a lucrative way to help citizens make out the most from the healthcare ecosystem through mobile apps.

As per various studies conducted in the past years, there was a loss of interest due to the complexity of applications in terms of user experience. This could be tackled by implementing a user-oriented design in applications to drive its massive growth. The user engagement programs led by healthcare organizations in various ways can motivate users to adopt the new trends and enable them to utilize plenty of benefits.

Factors Which Could Lead to Support of The Healthcare Mobile App Development

  1. Increased awareness of people towards health and fitness.
  2. Medical Tourism can also give a big boost to the medical consultancy sphere over distant modes such as video calling.
  3. Telemedicine: People are preferring to consult doctors over the phone or video calling due to the risks of COVID.
  4. It is also enabling convenience and saving a lot of time for people.
  5. Timely Follow-Ups by the concerned health care

How Private Healthcare Firms Can Lead The Way?

The private healthcare firms and hospitals can also introduce their mobile apps to store the data of their patients and offer them immersive healthcare ERP solutions based on telemedicine. Ranging from fitness tracking to medicine reminders, healthcare apps can look into the holistic health of an individual. This also gives the opportunity to healthcare firms to retain their patients by offering them innovative services from the comfort of their homes.

mHealth App Development- Demand of Healthcare Apps During COVID-19
Source – mobius.md

The healthcare firms are now also working towards developing mobile apps to offer self-diagnosis of COVID-related symptoms and reaching out to patients for tests. This is enabling complete tracing of the symptoms and ensuring immediate response to decrease the number of cases.

If your company is from the HealthCare industry seeking technical and innovative ERP Solutions to tap the potential of dynamic digital market & changing consumer behavior, then NOI Technologies can certainly help you. Drop your inquiry here or write to us at [email protected] for OFBiz applications, custom ERP solutions, IT consulting, web design, and development services.