Best Medical Billing Software

MediVision Gold Retail

As William Osler says Medicines is a science of uncertainty and an art of probability.Too often we fall sick and we are at the mercy of medicines and having the right medicines at vicinity is quite the life saver. The world would turn into a very strange place if we do not have the cure of most of our ailments .With technology becoming one of the most indispensable part of our life having the ability to cater to medicines at our fingertips has also become the need of the hour. Medivison Gold Retail is the just the thing you want when it comes to Best Pharmacy software. Being a complete retail shop software it covers all aspects of running a day to day business of medical retail, management of inventory.

Medivision Gold Retail is a retail software that can handle multiple windows when it comes to handling more than one customer at a time. It is equipped with special alerts when it comes cross narcotic products and H1drugs.It is provided with shortcut keys to enable you to work efficiently. It is a medical billing software that is also equipped with data mining capability which shows similar products while browsing through a particular one. It shows product photo for quicker identification and saved scanned prescription for easy access and alerts expiry of similar drugs.

Billing and accounting are inbuilt features of MediVision Gold Retail software. Separate accounting is no longer required and MVGR is also fully compatible with Tally and can export entire financial data to Tally. It is enabled with checkpoints at various junctures to help avoid/ minimize losses during purchase, sale, expiry claims and multiple MRP stocks of the same product.

This medical billing software that gets started easily and is utterly flexible when it comes to operating its user-friendly interface. The setup is easily available to be downloaded anytime and it is equipped with a data recovery tool in case of sudden power crashes and corruption due to any viral activity. Moreover, it is designed with a robust backend for excellent speed and tamper proof data security. Being a software for medical retail shop it is also designed with reporting ability which offers flexible reports of Sales, Purchase, Accounts Receivable, Expiry,  Accounts Payable, Bank Reconciliation, Non-Moving, Profit & Loss, Balance Sheet etc. that can be searched, sorted, exported can be drilled down or zoomed at any level for the complete understanding of the data.

So if you wish to enter into the world of impeccable and seamless transactions when it comes to medical store management software, then Medivision Gold Retail is just your answer

Best Pharmacy Software For Medical Retail Stores

Medivision Gold Retail

Our association with medicines is a very old one. Ever since we were little children, we were constantly taught how health is wealth and how everything is doomed, once health starts to falter. While growing up, we all did earn the wrath of health more than once, and those small, innocent looking, yet bitter tablets did come to our rescue when we were down and out with one or the other recuperating episodes. So, here we are in the twenty-first century, living in an ultra-fast paced life, where life making and breaking decisions are made in a matter of split seconds and consequences, are too many to handle at a time. Everything is just a click away and the Genie called technology, so efficiently blurs boundaries of all sorts in pretty much every other aspect of life.

So, who are we to break the ever enchanting spell of Technology? To better equip people with health and preventing diseases, here we are presenting the latest medical store billing software from Technological front “Medivision Gold Retail” again, just a click way. Medivision Gold Retail is medical shop billing software, which a one-step solution to enhance the ease and access of retail shops, pharmacies or medical drug stores. It is just the kind of product that makes accounting easy and flexible up to finalization and rightfully saves ‘time and dime’ by managing the umbrella of your inventory and leaves it into a hassle free affair at the end of the day.

Ever since the cyber revolution has revolutionized the way products are being marketed and sold, it becomes increasingly important that only the right product paves the way to the customer’s hands. As per comScore Inc., the study shows that pharmaceutical online advertising has the highest view ability rates of any industry and that consumers are increasingly turning to new platforms such as mobile devices to consume health-related content. As they say, physicians are already on board with healthcare apps being used autonomously by patients, with 86% of doctors saying that they believed that healthcare apps would become important to physicians over the next 5 years When it comes to medical shop management where medicines of various types pertaining to various needs are dealt on a day to day basis, it is important that the credibility of the software is ensured under all costs. Medivision has been developed for more than 12 years and encompasses every aspect of medical retail business under its umbrella. It is inventory software that is secure and simple, easy and efficient all at the same time. Medivision Gold Retail is also available as App and is as proficient as the desktop application. It helps in the on-time medical store management with a keen eye for details given to explore all the nooks and corners of retail chemist software. Due to its user-friendly interface self-developed back-end that offers superb speed & tamper-proof data security, it has already found a foothold in the market and is rated as one of the best software for the medical retail shop.

Medivision Gold Retail enables data exchange for automatic feeding of purchase bills between retailers and wholesalers. In the present times when everything is split up in analytic format and reports have become very instrumental in the decision-making process, Medivision allows the retailers to generate the report in the most user-friendly format with search, sort export all in drill down or zoom in facility as per the requirement. It also has the integrated backup and restore tool and the simplest method of closing the financial year. It is bar code enabled with special alerts for narcotic drugs and is equipped with prompt after sales support. Everything that is required under the sun for hassle free management and smooth running of a retail medical store, it is effectively covered under Medivision Gold Retail Software. With thousands of satisfied users professing Medivision as the best medical store software, Medivision Gold Retail rightly serves your purpose

A Report on Indian Retail Industry

India is the 5th largest retail market in the world. The country ranks fourth among the surveyed 30 countries in terms of global retail development. The current market size of Indian retail industry is about US$ 520 bn (Source: IBEF). Retail growth of 14% to 15% per year is expected through 2015. By 2018, the Indian retail sector is likely to grow at a CAGR of 13% to reach a size of US$ 950 bn. Retailing has played a major role the world over in increasing productivity across a wide range of consumer goods and services. In the developed countries, the organised retail industry accounts for almost 80% of the total retail trade. In contrast, in India organised retail trade accounts for merely 8-10% of the total retail trade. This highlights a lot of scope for further penetration of organized retail in India. 

The sector can be broadly divided into two segments: Value retailing, which is typically a low margin-high volume business (primarily food and groceries) and Lifestyle retailing, a high margin-low volume business (apparel, footwear, etc). The sector is further divided into various categories, depending on the types of products offered. Food dominates market consumption with 60% share followed by fashion. The relatively low contribution of other categories indicates opportunity for organised retail growth in these segments, especially with India being one of the world's youngest markets. 

Transition from traditional retail to organised retail is taking place due to changing consumer expectations, growing middle class, higher disposable income, preference for luxury goods, and change in the demographic mix, etc. The convenience of shopping with multiplicity of choice under one roof (Shop-in-Shop), and the increase of mall culture etc. are factors appreciated by the new generation. These factors are expected to drive organized retail growth in India over the long run.

Key Points

Supply: 

Players are now moving to Tier II and Tier III cities to increase penetration and explore untapped markets as Tier I cities have been explored enough and have reached a saturation level.

Demand:

Healthy economic growth, changing demographic profile, increasing disposable incomes, changing consumer tastes and preferences are some of the key factors that are driving and will continue to drive growth in the organised retail market in India.

Barriers to entry:

Reforms by India in opening up its economy have greatly improved trade prospects, but major barriers still exist such as regulatory issues, supply chain complexities, inefficient infrastructure, and automatic approval not being allowed for foreign investment in retail. However, some of these issues may be tackled with allowance of FDI in single and multi-brand retail.

Bargaining power of suppliers:

The bargaining power of suppliers varies depending upon the target segment, the format followed, and products on offer. The unorganised sector has a dominant position, still contributing about 90% to the total retail market. There are few players who enjoy an edge over others on account of being established players and enjoying brand distinction. Since it is a capital intensive industry, access to capital also plays an important part for expansion in the space.

Bargaining power of customers:

High due to wide availability of choice. With FDI coming in, this is expected to become stronger.

Competition:

High. Competition is characterised by many factors, including assortment, products, price, quality, service, location, reputation, credit and availability of retail space etc. New entrants (business houses and international players) including foreign players are expected to further intensify the competition.

TOP

Financial Year '14

During FY14, the economic backdrop was a key factor impacting the performance of retail companies across various sub sectors, including that of organized retail. Consumer sentiment and business confidence continued to be subdued during the year with economic growth decelerating further. This is attributable mainly to weakening industrial growth in the context of tight monetary policy followed by the RBI through most of the year, political & policy stability related concerns and uncertainty in the global economy. 

Inflation also was an important concern area. Persistent high inflation and inflation expectations meant that the RBI was compelled to maintain the benchmark interest rates at a much higher level than what would be needed to encourage business and economic sentiment. In the recent quarters consumer sentiment has been varied-with apparel retailers reporting an improving trend but most other retail formats still witnessing muted off take.

Source: https://www.equitymaster.com

How to Choose a Domain Name for Your Business Website

1. Brainstorm 5 Top Keywords
When you first begin your domain name search, it helps to have 5 terms or phrases in mind that best describe the domain you're seeking. Once you have this list, you can start to pair them or add prefixes & suffixes to create good domain ideas. For example, if you're launching a mortgage related domain, you might start with words like "mortage, finance, home equity, interest rate, house payment" then play around until you can find a good match.

2. Make the Domain Unique
Having your website confused with a popular site already owned by someone else is a recipe for disaster. Thus, never choose domains that are simply the plural, hyphenated or misspelled version of an already established domain.

3. Only Choose Dot-Com Available Domains
If you're not concerned with type-in traffic, branding or name recognition, you don't need to worry about this one. However, if you're at all serious about building a successful website over the long-term, you should be worried about all of these elements, and while directing traffic to a .net or .org (as SEOmoz does) is fine, owning and 301'ing the .com is critical. With the exception of the very tech-savvy, most people who use the web still make the automatic assumption that .com is all that's out there - don't make the mistake of locking out or losing traffic to these folks.

4. Make it Easy to Type
If a domain name requires considerable attention to type correctly, due to spelling, length or the use of un-memorable words or sounds, you've lost a good portion of your branding and marketing value. 

5. Make it Easy to Remember
Remember that word-of-mouth and SERPs dominance marketing (where your domain consistently comes up for industry-related searches) both rely on the ease with which the domain can be called to mind. You don't want to be the company with the terrific website that no one can ever remember to tell their friends about because they can't remember the domain name.

6. Keep the Name as Short as Possible
Short names are easy to type and easy to remember (the previous two rules). They also allow for more characters in the URL in the SERPs and a better fit on business cards and other offline media.

7. Create and Fulfill Expectations
When someone hears about your domain name for the first time, they should be able to instantly and accurately guess at the type of content that might be found there. That's why I love domain names like hotmail.com, careerbuilder.com, autotrader.com. Domains like monster.com,amazon.com and zillow.com required far more branding because of their un-intuitive names.

8. Avoid Copyright Infringement
This is a mistake that isn't made too often, but can kill a great domain and a great company when it does. To be sure you're not infringing on anyone's copyright with your site's name. Search before you buy.

9. Reject Hyphens and Numbers
Both hyphens and numbers make it hard to give your domain name verbally and falls down on being easy to remember or type. Its suggested not using spelled-out or roman numerals in domains, as both can be confusing and mistaken for the other.

10. Extensions Matter (.com, .org, .net, etc.)
As of June 2013, there are 110 million .COM, 15 million .NET and 10 million .ORG domains on the web. Because most people still assume that .COM is the only possible choice, it's the better option.

Source: http://moz.com

9 Advantages of Computerized Accounting

An accounting system is a collection of processes, procedures and controls designed to collect, record, classify and summarize financial data for interpretation and management decision-making. Computerized Accounting involves making use of computers and accounting software to record, store and analyze financial data. A computerized accounting system brings with it many advantages that are unavailable to analog accounting systems. 

This article does not tackle the use of spreadsheets that are often used instead of proper accounting software to process financial data. It is common knowledge that spreadsheets do not provide a scalable solution for accounting purposes and therefore are a dangerous solution to invest in.

Here are the advantages of using computerized accounting software

Automation: Since all the calculations are handled by the software, computerized accounting eliminates many of the mundane and time-consuming processes associated with manual accounting. For example, once issued, invoices are processed automatically making accounting less time-consuming.

Accuracy: This accounting system is designed to be accurate to the minutest detail. Once the data is entered into the system, all the calculations, including additions and subtractions, are done automatically by software.

Data Access: Using accounting software it becomes much easier for different individuals to access accounting data outside of the office, securely. This is particularly true if an online accounting solution is being used.

Reliability: Because the calculations are so accurate, the financial statements prepared by computers are highly reliable.

Scalable: When your company grows, the amount of accounting necessary not only increases but becomes more complex. With computerized accounting, everything is kept straightforward because sifting through data using software is easier than sifting through a bunch of papers.

Speed: Using accounting software, the entire process of preparing accounts becomes faster. Furthermore, statements and reports can be generated instantly at the click of a button. Managers do not have to wait for hours, even days, to lay their hands on an important report.

Security: The latest data can be saved and stored in offsite locations so it is safe from natural and man-made disasters like earthquakes, fires, floods, arson and terrorist attacks. In case of a disasters, the system can be quickly restored on other computers. This level of precaution is taken by Clever Accounting.

Cost-effective: Since using computerized accounting is more efficient than paper-based accounting, than naturally, work will be done faster and time will be saved. When one considers that Clever Accounting, one of the latest online accounting solutions, starts at just €9.95/month, then computerized accounting really becomes a no-brainer.

Visuals: Viewing your accounts using a computer allows you to take advantage of the option to view your data in different formats. You can view data in tables and using different types of charts.

Source: www.cleveraccounting.com

Indian Garment Industry to Reach $ 223 Billion by 2021

India is the one of the world's largest producers of textiles and garments. Abundant availability of raw materials such as cotton, wool, silk and jute as well as skilled workforce have made the country a sourcing hub. It is the world's second largest producer of textiles and garments. The Indian textiles industry accounts for about 24 per cent of the world's spindle capacity and eight per cent of global rotor capacity. The potential size of the Indian textiles and apparel industry is expected to reach US$ 223 billion by 2021, according to a report by Technopak Advisors.

The textiles industry has made a major contribution to the national economy in terms of direct and indirect employment generation and net foreign exchange earnings. The sector contributes about 14 per cent to industrial production, four per cent to the gross domestic product (GDP), and 27 per cent to the country's foreign exchange inflows. It provides direct employment to over 45 million people. The textiles sector is the second largest provider of employment after agriculture. Thus, the growth and all round development of this industry has a direct bearing on the improvement of India's economy.

Market Size

The Indian textiles industry is set for strong growth, buoyed by strong domestic consumption as well as export demand. The most significant change in the Indian textiles industry has been the advent of man-made fibres (MMF). India has successfully placed its innovative range of MMF textiles in almost all the countries across the globe. MMF production recorded an increase of three per cent during the period April-July 2014. Cotton yarn production increased by four per cent during April-July 2014. Blended and 100 per cent non-cotton yarn production increased by five per cent during April-July 2014. Cloth production by mill sector registered a growth of six per cent during April 2013-July 2014. Cloth production hosiery sector increased by eight per cent during April-July 2014. Total cloth production grew by two per cent during April-July 2014.

With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with several international players like Marks & Spencer, Guess and Next having entered the Indian market. The organised apparel segment is expected to grow at a compound annual growth rate (CAGR) of more than 13 per cent over a 10-year period.

Our Solution
In this competitive and challenging market, you need right strategy to grow. If you are looking for a software solution for your business, our leading software product Finac Garment can help you in your journey. Finac garment provides everything you require day in and day out, including billing, POS, accounting upto finalization, and inventory management for all size garment stores. The software helps you manage your business in a smart way, reducing your time and effort, and enhancing your productivity.

You can see the product features by clicking here, and if you have any kind of queries, please feel free to write to us at sales@alliedsoftech.com

Info Source: www.ibef.org

10 Reasons to Computerize Your Business Today

If you are running a small or mid-size business, and still following the traditional way of maintaining accounting, inventory and other records on paper, then let me tell you, you are wasting both your time and efforts. Why to manually do those tasks, which a computer can do for you, more efficiently and quickly. Leverage the power of technology for growing your business. Here are the 10 reasons why you should computerize your business today.

Speed: Computerization helps in processing the data placed in several data files in no time. This is possible due to the high speed of computers for processing data and CPU of the computer works at the speed of electricity which is the highest ever attainable speed. 

Accuracy: The data processed by the computer are highly accurate. The programs written on the system checks and controls data before and during processing. It detects invalid data and ensures high degree of accuracy and reliability of output reports.

Flexibility: The modern digital computers can be used for a variety of purposes. E.g. online processing, multiprogramming etc.

Choice of Configuration: Wide ranges of peripherals are available for many computer systems, which allow business organization to select those which most suit its processing requirements. 

Storage capacity: Large volumes of data can be conveniently stored, accessed and altered. 

Management information: They can be used to provide useful information of management for control and decision making. 

Data Processing: Computer has lifted the heavy data processing constraint with the manual system and has opened up new avenues for planning, control and data experimentation. 

Volume: Computers can store volumes of data and can retrieve the desired information quickly. This is very useful in the areas like insurance, bank accounts etc where large number of documents is handled every day.

Database: Computer facilities the establishment of database. Such a database integrates data records and reduces data redundancy.

Reduction in paper work: The use of computers for data processing has helped the management of business organizations to cope with increasing problem of paper handling. The computers have speeded up the process and have eliminated the paper needs.