What is pharma ERP software?
ERP pharma software is a robust solution for pharmacies, streamlining operations for medical shops. Facilitating digitization, it reduces manual paperwork, fostering operational efficiency. The best ERP for pharmaceutical companies comes with insightful analytics, enabling informed decisions for cost savings and reduced overheads. Precision in billing, inventory management, patient data, and order processing optimizes overall performance for the business. With integrated accounting, GST, e-invoicing, and detailed reporting, pharmaceutical ERP software ensures accuracy and strategic insights. Beyond digitization, it's a strategic enabler, making pharmaceutical operations more efficient and adaptable in the competitive market space.
Free trial of pharma ERP software
Types of pharma ERP software
ERP pharma software varies based on the requirements and nature of the business
Retail
Retail pharma ERP software helps businesses achieve accurate and fast billing; track inventory, expiry, and breakages; maintain patient and prescription management and orders; handle accounting, GST, e-invoicing; create comprehensive reports.
Distribution
Distribution pharma ERP software empowers distributors with order management, warehouse management, supplier management, comprehensive tracking, and tracing capabilities.
Manufacturing
Manufacturing ERP pharma software is designed to align production processes and ensure regulatory compliance. Here, pharmaceutical ERP software focuses mainly on batch processing, quality control, and resource planning.
What are the challenges in the pharmaceutical industry?
Solution
Challenge
Regulatory compliance
Solution
Pharmaceutical ERP software automates documentation processes, ensures data accuracy, helps with auto-filing GST, and facilitates reporting to regulatory authorities, reducing the risk of non-compliance.
Challenge
Supply chain management
Solution
ERP for the pharma industry helps with purchasing the right products at the right prices, resulting in better ROI, achieving lower pilferage with perpetual stock audit, and brings clear visibility of the business's cash flow.
Challenge
Product traceability
Solution
ERP for the pharmaceutical industry offers advanced batch tracking and traceability features, allowing businesses to monitor and trace each batch of medications from production to distribution with batch identification, real-time tracking, expiry date management, and recall management.
Challenge
Demand forecasting and inventory management
Solution
ERP pharma software for pharmacies predicts trends in sales, manages the right availability of stocks at the right times, and drives purchases with automatic reorders based on business needs.
Challenge
Compliance with GST
Solution
Pharmaceutical ERP software automates tax calculations, simplify GST filing, stays up to date with new regulations, and generates financial reports to help businesses make critical business decisions.
The business benefits of an ERP system in the pharmaceutical industry
Product costing
Pharma ERP software integrates cost data across the entire production cycle, from raw materials to distribution, and helps with informed decision-making, cost control, and improves profitability.
Regulatory compliance
ERP pharma systems provide a structured approach to meeting and maintaining compliance, mitigating the risk of penalties and legal issues, and fostering a culture of transparency and accountability.
Real-time tracking
The ability to monitor processes in real time enhances decision-making, reduces delays, and ensures swift responses to any deviations. This plays a crucial role in maintaining product quality, regulatory compliance, and customer satisfaction.
Foreseeing scalability
ERP for the pharma industry's scalable architecture enables companies to adapt to changing demands. This flexibility ensures pharmaceutical businesses can proactively respond to market dynamics and position themselves for sustained growth.
Batch and distribution management
Precise batch tracking and efficient order fulfillment result in minimized errors, improved traceability, and enhanced overall supply chain efficiency.
Record management
By centralizing data and automating documentation processes, pharma ERP software for the pharmaceutical industry ensures accuracy, accessibility, and compliance with record-keeping requirements.
Supply chain management
Streamlined supply chain operations reduce lead times and improve demand forecasting, leading to better inventory control, reduced carrying costs, and an overall resilient and responsive supply chain.
Management of sales and marketing
Targeted marketing initiatives, personalized customer interactions, and effective order fulfillment contribute to increased customer satisfaction, brand loyalty, and ultimately, sustained business growth.
Cost reduction
Through improved operational efficiency, resource optimization, and data-driven decision-making, pharmaceutical ERP software helps identify cost-saving opportunities for improved profitability.
Data security and confidentiality
Role-based access controls, encryption, and audit trails ensure only authorized personnel have access to critical data that protects intellectual property and compliance-related information.
Why do pharma manufacturing companies need ERP software?
Keep up with ever-changing regulations
Maintain compliance with evolving pharmaceutical regulations by leveraging pharma ERP software that adapts to industry changes seamlessly.
Enhance customer satisfaction and optimize sales performance
Improve sales processes, track customer interactions, and manage orders effectively to enhance customer satisfaction and optimize sales performance with ERP pharma-enabled sales management tools.
Effectively allocate resources to meet targets
Streamline production processes, allocate resources effectively, and meet production targets with comprehensive management over production requirements.
Precision and consistency for adaptive and improved production
Maintain control over drug formulations, ensuring accuracy and consistency in production processes while adapting to changes and improvements in formulations.
Timely deliveries, reduced lead times, and peak efficiency
Optimize the pharmaceutical supply chain, from procurement to distribution, ensuring timely deliveries, reducing lead times, and enhancing overall supply chain efficiency.
Enhance customer satisfaction and optimize sales performance
Improve sales processes, track customer interactions, and manage orders effectively to enhance customer satisfaction and optimize sales performance with ERP-enabled sales management tools.
Key features of pharma ERP software
Product costing
Sales rep management and
sales force automation
Sales analytics
Customer relationship management (CRM)
Inventory management
Batch tracking and traceability
Expiry management
Warehouse management
Manufacturing
Batch manufacturing
Production planning and scheduling
Quality control
Financial management
Tax management
Expense management
GST and e-invoicing
Supply chain management
Procurement
Order fulfillment
Demand forecasting
Regulatory compliance
Compliance tracking
Audit trails
Regulatory reporting
How can Gofrugal's ERP system help pharmaceutical companies?
Pharma retail
Pharma distribution
Pharma retail
Quick checkouts
Experience fast billing with Gofrugal's pharma ERP software's user-friendly interface, offering intuitive shortcuts and quick searches. Try our dedicated billing app to bill when away from the counter.
Integrated accounting
Automate tax calculations, streamline GST filing, and stay up to date to meet evolving regulations. Improve your financial control with impactful reports.
Inventory management
Maintain optimal inventory levels with precision. Effectively manage expiry dates, safeguarding your margin by steering clear of overstocking or the risk of running out of stock.
Import invoice
Enjoy the convenience of importing items directly from your supplier's software, saving time and effort on manual entry in the purchase screen. Enhance efficiency of purchase processes effortlessly.
Prevent stockouts
Eliminate concerns about stockout situations with automatic purchase order creation. Learn the demand, optimize stock levels for that demand, and offer customers a seamless experience, all with automated precision.
Customer management
Send targeted messages, exclusive offers, and timely medication reminders to improve customer engagement. Increase retention rates and foster loyalty with your valued clientele, ensuring a lasting relationship.
Online medical stores
Run your online pharmacy with Gofrugal's pharma ERP. Enable customers to upload prescriptions for reference and place orders within seconds using your personalized online ordering app.
Instant alerts
Achieve precise price approvals and efficient discount management and receive instant alerts and notifications for key operations. Add an extra layer of control to safeguard your business operations.
Pharma distribution
Sales rep management
Easily order and collect on-the-go to improve customer satisfaction. Measure productivity, plan and schedule visits, and establish hierarchy-wise targets, commissions, and incentives to drive performance.
Increase market reach
Boost customer convenience with our online ordering portal. Provide special rates for hospitals and educational institutions, foster strong partnerships, and cater to diverse customer needs.
Expiry management
Meticulously track claims across the entire distribution chain. Easily manage offer and expiry claims with integrated product flow analysis, offering insights to enhance overall efficiency.
Accelerate distribution speed
Rotate medicines and cash faster, track inventory accurately across all warehouses, and employ batch-wise expiry controls to minimize reverse logistics costs. Streamline and ensure a profitable distribution process.
Control price and margin
Implement multiple price levels and targeted discounts tailored for specific customers, customer groups, and product categories. Multi-format and multi-company invoicing ensures efficiency in your pricing and billing processes.
Credit and receivables
Enjoy effective control over credit limits and days for financial stability. Gain complete visibility through outstanding and collection reports integrated with our wholesale distribution software and financial accounting module.
Returns management
Manage the replacement process for expired or damaged goods with complete tracking, simplified inspections, and approvals. Get credit notes and bill-wise amount adjustments, ensuring easy good handling and replacement.
Consolidated dashboard
Monitor all business aspects centrally and efficiently with our comprehensive pharma ERP software. Access sales data by transaction, representative, company, and area. Obtain simplified, impactful reports to facilitate informed decision-making.
How pharmacy retail works with Gofrugal POS?
Monitor all business aspects centrally and efficiently with our comprehensive pharma software.
Overview of pharma ERP software
What is pharma ERP software?
Pharma ERP software is a versatile ERP software for the pharmaceutical industry that helps streamline day-to-day operations with accuracy and reliability. Pharmaceutical ERP software equips pharmaceutical businesses with multiple everyday benefits such as purchase management, vendor management, sales management, inventory management, billing, organizing purchase history, insightful report generation, built-in integrated accounting, GST invoicing, and more features that reduce manual work and inaccuracy.
Why do pharmaceutical manufacturing businesses require an ERP system?
Pharmaceutical manufacturing businesses require an ERP to:
- Stick to regulatory compliance and ensure there is no deviation from the rules, which might lead to worse consequences.
- Maintain quality assurance in the end-to-end cycle of drug manufacturing, along with batch tracking and expiry management.
- Improve vendor management, expedite the procurement process, and allow for improved demand forecasts.
- Organize inventory with precision, reduce waste, and ensure efficient utilization of resources at every stage of production.
How much does a pharmaceutical ERP system cost?
The cost of pharmaceutical ERP software varies based on the requirements and size of the business. For example, if the company is starting out, our starter edition is a good option, and it starts at ₹18,000. But the best way to decide on the edition and price is by experiencing a free trial or personalized demo to make an informed decision after first-hand use.
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