Pharmaplus+ Supplier Credit Management empowers retail pharmacies in India to efficiently track and manage supplier credits, ensuring smoother financial transactions and stronger relationships with suppliers. This feature allows pharmacies to monitor outstanding credits, streamline payments, and maintain optimal cash flow, improving overall financial health.

The Problem It Addresses

Managing supplier credits without a proper system can lead to missed payment deadlines, untracked credits, and strained supplier relationships. Pharmacies need a structured tool to monitor and handle supplier credits efficiently, helping them avoid financial mismanagement and maintain healthy supplier relationships.

How It Works

Pharmaplus+ Supplier Credit Management allows pharmacies to monitor outstanding supplier credits, track payment due dates, and manage credit terms effectively. The system keeps detailed records of all supplier credits, automatically calculating outstanding balances and upcoming payments. This feature ensures that pharmacies stay informed about their financial obligations, preventing missed payments and optimizing cash flow.

Key Benefits to Retail Pharmacies

• Efficient Credit Tracking Keep accurate records of supplier credits and outstanding balances, reducing the risk of errors.
• Optimize Cash Flow Manage supplier payments and credits effectively, improving cash flow and maintaining financial health.
• Timely Payments Stay on top of payment due dates and ensure that all financial obligations are met on time.
• Strengthen Supplier Relationships Improve transparency and trust with suppliers by staying organized and meeting payment terms.
• Detailed Financial Records Maintain comprehensive records of all supplier transactions, providing clear visibility into your financial position.

Real-World Use Case

A retail pharmacy in Mumbai was struggling to track outstanding credits and manage supplier payments efficiently. After implementing Pharmaplus+ Supplier Credit Management, the pharmacy gained better control over its credits and payment schedules, reducing missed deadlines by 20%. This led to stronger relationships with suppliers and improved cash flow management, ensuring that the pharmacy always had a healthy supply of products without financial strain.

Feature Impact

Pharmaplus+ Supplier Credit Management enhances financial transparency and improves the efficiency of managing supplier credits. Pharmacies can maintain better relationships with suppliers by meeting payment deadlines and optimizing cash flow, ensuring smooth business operations and healthy financial performance.