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PharmaSoft - ERP system meeting the needs of pharmaceutical businesses management

With double-digit growth potential, the pharmaceutical industry in Vietnam is a lucrative market for businesses. To capitalize on this opportunity, companies have overcome management limitations by using modern ERP systems.

PharmaSoft - ERP system meeting the needs of pharmaceutical businesses management

ERP - A necessary digital transformation trend in pharmaceutical business management

The Vietnamese pharmaceutical market is facing significant development potential from 2021 through 2026. According to BMI Research's forecast (2018), the growth rate of this market could reach a CAGR of 11%, reaching a value of $16.1 billion by 2026. At the same time, according to IMS Health, Vietnam is one of the 17 Pharmerging Markets, a group of countries with the highest growth rates in the pharmaceutical industry in the world.

However, domestic pharmaceutical businesses are facing many challenges, including inefficient business management processes, intense competition from foreign rivals, and strict product quality requirements. To address these challenges, pharmaceutical businesses are seeking effective solutions such as using a comprehensive enterprise management system (ERP).

The ERP system-PharmaSoft: an integrated business management solution

ERP-PharmaSoft system from Entersoft Solutions Joint Stock Company is the perfect solution for pharmaceutical companies. With its powerful, flexible, and easy-to-use features, ERP-PharmaSoft helps manage all business activities in the pharmaceutical industry quickly and effectively.

The ERP-PharmaSoft system is designed to meet the standardized and professional management needs of almost all business operations in the pharmaceutical industry. At the same time, the results of previous work and generated data will be utilized for the next stage between departments, helping to save time and effort and increase operational efficiency.

PharmaSoft has many different subsystems, but to be suitable for pharmaceutical business operations, the subsystems have been optimized as follows:

1. Purchase management

This subsystem helps the procurement department manage the procurement process, from capturing supplier price history, placing purchase orders, and receiving goods to payment. The subsystem includes features such as estimating required purchases, purchase requests, supplier evaluation/price history, purchase orders, order tracking, payment management, and supplier debt management.

2. Inventory management

This subsystem helps manage information and activities related to inventory from inventory status information, to storing and coordinating items in the warehouse. The subsystem includes features such as inventory status information, inventory receipt, inventory shipment, inventory transfer, and tracking by lot number and expiration date. Additionally, this subsystem helps track the progress of inventory receipt for purchase orders, automatically checks inventory levels at the time of shipment, manages items in the warehouse by location, controls near-expiry goods, and creates inventory check reports.

3. Sales Management

This module helps manage the sales process from order placement to delivery and payment. It includes features such as pricing (wholesale, retail, bidding, priority for certain customer groups, etc.), creating discount and promotion policies, setting credit limits for customers, creating sales orders, delivery notes, invoices or electronic invoices, tracking sales KPIs by sales reps, monitoring customer sales and debt, analyzing sales reports, discounts, and promotions by customer, product, region, area, etc.

In particular, the sales module is integrated with DMS software, web, and app sales, allowing customers to order online and connect directly to the ERP - Pharmasoft system. It also supports businesses in managing distribution systems and sales staff in the field.

4. Human Resources and Payroll

This module helps manage employee information, recruitment processes, rewards, and disciplinary actions and tracks employee attendance and pay. It includes features such as managing employee records, payroll, insurance, and tracking annual leave.

5. Financial Accounting

This module helps manage all financial and accounting activities of the business, including managing cash, bank accounts, receivables, inventory accounting, asset and tool management, tax management, cost management, and generating financial and analytical reports. This module also includes advanced functions that allow users to customize financial report formulas, automatically calculate end-of-period closing entries, and consolidate data and reports from multiple branches or subsidiaries.

6. Analytical Reports

The ERP - Pharmasoft system provides the ability to create analytical reports using multiple data dimensions with graphs and charts, helping pharmaceutical businesses gain a comprehensive overview of the market or a deep understanding of individual customers and products. The software supports managers in making accurate business decisions, reducing risks, and increasing revenue and profits.

With over 18 years of experience in the industry, EnterSoft has been trusted by partners and successfully implemented in many pharmaceutical companies, including Rose-Pharma and Lyna Pharmatech. Thanks to the expanded features of the ERP system - PharmaSoft, these companies have been able to efficiently manage their business operations and optimize their processes. This helps companies achieve higher business efficiency and improve their competitive capabilities in the pharmaceutical business field. With its professionalism, Pharmasoft is highly valued and trusted by large businesses in Vietnam as the most optimized enterprise management system in the pharmaceutical industry.

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