Digitalisation Maximising effi ciency
with integrated software Integrated soſt ware is changing the game for wholesalers, stockists and distributors, making it easier to manage inventory and fi nances in one place.
A
ndrew Davies, head of product engineering at OGL Soſt ware, shares his insights on how wholesalers, stockists and distributors can streamline operations, enhance data accuracy and improve decision-making with integrated accounting and inventory management soſt ware.
Streamlined operations for enhanced productivity Managing fi nances and inventory separately can create ineffi ciencies due to data diff erences and the risk of manual errors. Integrated accounting and inventory management software allows businesses to centralise operations. This reduces time spent on manual tasks and enables teams to focus on more strategic work. When your
24 | electrical wholesalerJune 2025
“Integrated soſt ware solutions are scalable, meaning they support growth without the need for costly upgrades or additional staff .”
inventory management system is linked to accounting, for example, data such as inventory costs, sales revenue and purchase orders fl ow seamlessly between departments. So, when an item is sold or returned, both inventory and accounting records are automatically updated, saving time and improving accuracy. Profi t4, OGL Software’s scalable ERP system, for example, allows wholesalers and distributors to more easily track inventory levels, manage fi nances and monitor real-time data from a single platform.
Improved inventory control and stock optimisation Eff ective inventory management requires up-to- date insights into stock levels, reorder points and demand forecasting. An integrated software solution provides visibility into real-time inventory data, reducing stockouts and excess inventory. By syncing inventory with accounting, businesses can also make better fi nancial projections based on accurate stock levels.
Users of Profi t4 can set automated reorder triggers based on sales trends and minimum stock levels, preventing stock shortages and optimising cash fl ow by helping avoid overstocking, which can tie up valuable working capital.
ewnews.co.uk
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