Choosing Business Management Software

Hardware store owner

Foresiight has been providing Australian businesses with our business management software solutions for over 35 years. Our software comprises Alchemii for pharmacies, our group management software Liinc and our flagship software, ProfiitPlus.

With our years of knowledge and experience we know Australian small to medium sized business as well as we know business management software. With so many software options available it can be hard to know where to start. Do you even need business management software? If you do, what do you need from your chosen software? Here are some of our tips to help you get started.

When do you need business management software?

There’s a lot that goes into running a business. Bookkeeping, inventory, purchasing, price changes, rostering staff, the list goes on. There’s even more to do if you’re setting up a business for the first time. Business management software can help to take away the time-consuming admin that’s draining your resources. If your answer to any of the following questions is “yes”, it might be time to start looking at your business management software options.

  • Do you feel overwhelmed?
  • Do you have time to handle everything?
  • Do you have enough support?

Which software is right for you?

As mentioned, there are many software options available. The first thing most people consider is the cost, and the second and potentially more important factor is its features; does it accomplish what you need it to do?

Some business management software only caters to a specific industry or fulfills a particular task, whole others like ProfiitPlus are more inclusive and customisable. A simpler option is fine if that is all you need, but if you’d like something that can do more, these are the features we include in ProfiitPlus:

  • Inventory Management: Thorough business management software should handle product purchasing, monitoring, and recording to ensure you’re never over or understocked.
  • Pricing: Prices need to be adjusted to account for tax, sales, commission, delivery costs, and many other reasons. Make sure your business management software can take care of all this for you.
  • Customer Relationship Management: CRMs track user information like name and contact info, which you can then use to help grow your business through email newsletters, marketing campaigns, events, and promotions.
  • Forecasting: Recorded information on sales and customer trends can be used to make predictions about your future business performance.
  • Point of Sale: Your POS systems need to be fully integrated with your stock systems, forecasting and accounts.  
  • Customisation: Every business has different needs, and business management software should be adaptable so it can meet yours.
  • Minimal Input: What good is software that doesn’t reduce your workload? It should be automatic, centralised, and efficient.

Choosing the right business management software

You should do your own research, but even then you’ll likely find several options which meet your needs. The best thing you can do is talk to providers. The right software provider will take the time to understand your business and what you need from your business management software.

Contact Foresiight Today

Get in touch with the Foresiight team and we can help get to know your business and your needs and advise on whether we’re the right choice to help grow your business. Give us call us on 1800 061 670 or use the contact form on our website, and a member of our support team will be in touch.