Picking the best software for small wholesale business can feel like an impossible task if you don’t know what you are looking for. You need something that is easy to use, that can integrate with other business tools, and can automate many of the tasks you repeat each day. However, this is easier said than done. There are hundreds of solutions available out there and it can be difficult to determine which one will work for your specific needs.
As a wholesaler, you’re probably wondering what are the best software packages for your business. You likely want something that’s going to make it easy to maintain inventory levels and track customer information. In this article, we’ll take a closer look at a handful of options for easy-to-use wholesale software.
FreshBooks
Freshbooks is a robust accounting software that empowers manufacturers like you to spend less time on bookkeeping and more time doing what matters most in your business. It is designed to help you keep your books in check and watch your profits grow.
With FreshBooks accounting software for manufacturing companies, accounting becomes quicker and easier than ever. Because with a few simple inputs, this powerful accounting software can send invoices, track your expenses automatically, and help you stay up-to-date with your customers. Likewise, you can secure your data in the FreshBooks Cloud and access your account from any device you choose. So whether you’re on the go or working remotely, your business’s information is just a few clicks away.
What’s more, FreshBooks integrations help you to easily extend its functionalities with third-party systems. And this suits manufacturers and wholesalers that need a tool with automated recurring invoices and payment reminders, streamlined hours billing, etc.
Why choose FreshBooks?
- Professional client interactions. You can create an invoice template that is sent automatically or at the click of a button. Likewise, you can even brand your invoices with your company’s brand, color, and logo.
- Collect payments quickly and easily. Make payment easier for your clients, and you’ll have money hitting your account in no time. With the accounting software from FreshBooks, your clients can make secure online payments through the app or website.
- Robust double-entry accounting. As a manufacturer, your accounts and inventory are a bit more complex. While some simpler businesses can get away with single-entry, cash-based accounting, you can’t. On the other hand, double-entry accounting is a better, more complete approach. In fact, it may even be a legal requirement for your company.
- Built for tax management. It prepares your business for the tax season to organize your expenses, review income and expenses, and utilize the balance sheet.
- Project management. Monitor your production operations in collaborating with business partners, employees, and contractors.
Netsuite ERP
At its core, NetSuite ERP is a robust accounting solution for manufacturers and wholesalers. It’s a comprehensive platform with features for supply chain management, shop floor control, procurement, production control, order management, etc. In addition, it is built to help manufacturers eliminate the use of error-prone and time-consuming spreadsheets. Further, it helps accelerate financial close processes and lower resource, and IT costs.
Moreover, this solution closely integrates accounting with compliance management to efficiently improve your financials. Also, with an efficient ERP software, you get real-time access to your live financial data so you can monitor and make timely decisions. In addition, it supports accounts receivables, accounts payables, tax management, and cash management, among others.
Why choose NetSuite ERP?
- Global ERP. You can operate your supply chain and manufacturing processes from anywhere in the world.
- Supply chain. It has tools for you to monitor your outsourced manufacturing processes.
- Financial management. It’s a complete tool, with general ledger, accounts receivable and payable, payment management, tax management, and fixed asset management tools, among others.
Tipalti
Tipalti transforms the complexities of financial management into a simple process. It also prioritizes financial and compliance risk for mitigating potential fraud and risks. Also, its supplier management tool gives suppliers a white-labeled, self-service portal to give them a variety of payment options. It likewise offers tools for payment reconciliation and reporting.
Moreover, this platform integrates with numerous apps, including NetSuite, QuickBooks, and HasOffers. Manufacturers and wholesalers can use the software to improve their processes. To do so, it’s loaded with features like global payments, invoice processing, and instant payment reconciliation.
Why choose Tipalti?
- Tax compliance. It’s equipped with governance capabilities like audit trails, OFAC screening, and FATCA, and W-9/W-8 tax compliance.
- Automation. It takes care of cash flow management, accounts payables, and resource alignment, among others.
- Global supplier payments. Suppliers, regardless of their location, can collaborate with your business with ease.
ACCTIVATE
QuickBooks inventory management software integrated with QuickBooks to manage inventory, warehousing, purchasing & more.
- Inventory control becomes simplified
- No more manual inventory counts
- No more spreadsheets tracking products
- Lot and serial number tracking handled easily
QuickBooks Commerce
Overview
QuickBooks Commerce is a cloud-based distribution platform that’s well-suited for small and medium-sized wholesale and e-commerce companies. QuickBooks Commerce customers operate in a variety of industries, such as electronics, food and beverages, fashion and healthcare. The vendor offers assistance through a portal, where customers can ask questions and representatives provide helpful answers. There are four levels of support – Founder, Lite, Small Business, and Business. The cost starts at $39/month per user.
The program itself combines a variety of workflows, including manufacturing, sales, order management, CRM and distribution. The system can track different business-relevant KPIs and enables you to monitor aspects such as account balances, orders, late payments and transaction history. QuickBooks Commerce automates the order routing process by aligning sales and inventory information. EDI software integration is also available through the B2B E-Commerce portal.
QuickBooks Commerce offers a range of applications that help streamline warehouse operations, such as printing barcode labels, receiving stock and taking stock. The Mobile App provides a visualization of data to help monitor inventory levels, contact customers and manage orders. The solution also contains a built-in payment gateway that’s integrated with sales orders and can, in turn, develop invoices based on past orders.
Benefits
Batch and Expiration Tracking: This program enables users to keep track of product expiration and order fulfillment to decrease product recalls, leading to a boost in revenue. You can assign products to inventory by buckets and create/edit products in batches. The system contains a Stocktake tool, which enables you to adjust and transfer stocks. You can also trace products by customer and see inputs on expiring batches with this tool.
Order Fulfillment: QuickBooks Commerce offers rapid order fulfillment through the execution of workflow action items. The program can integrate with ShipStation and other third-party add-ons to send shipping specifications and returns to 3PLs.
Accounting: The accounting process is completely automated through QuickBooks Commerce’s integration of inventory and order management workflows. Multi-currency support is included and can help users develop accurate conversions. The solution can also generate split invoices and integrates with Xero for increased financial management functionality.
Customer Relationship Management: The CRM tool in QuickBooks Commerce can automate the discounting process by collecting customer information such as postal addresses, billing details, average purchase types and purchase sizes. Users have role-based access to customer and supplier information, helping in shipping management and the creation of default custom addresses for customers.
Multi-Channel Inventory Management: You can manage orders from all sales channels in a centralized location through this system. The program supports sales from any country and in any currency. You can eliminate stock shortage through synchronized stock information.
Sage Business Cloud Accounting
Sage Business Cloud Accounting is a popular manufacturing accounting software created to help businesses to stay on top of their manufacturing operations. It gives users a complete view right from procurement and scheduling to financials, inventory, and sales. This tool also is ideal for mid-sized businesses and enterprises, particularly multi-site and multi-company firms. Its built-in industry-specific solution streamlines manufacturing and distribution processes for better operations.
Meanwhile, this tool comes in various pricing methods and flexible pricing. Sage Business Cloud features include work order release management, automated capacity planning, and production management according to inventory, job, or order.
Why choose Sage Business Cloud?
- Cash flow data. You get a better understanding of your cash flow with information on income, expenses, and invoices.
- Finance management. It has a reliable solution for budgets, reporting, accounting, and cash management.
- Robust manufacturing support. Get access to routing, bills of materials, quality control, work and cost management, and project management, among others.
AvidXchange
AvidXchange is a complete bill payment and accounts payable platform. It is designed to cut processing costs, automate cumbersome payment cycles, and remove paper invoices. Designed with a customizable UI, this solution is packed with a comprehensive suite of tools and features.
To date, more than 5,000 US-based B2B companies use AvidXchange. It is composed of three strategic accounting modules for managing the various key processes in accounts payable and bill payment. These are payment application, invoice application, and purchase order application.
Why choose AvidXchange?
- Paperless invoicing. This solution can help businesses completely remove the need for paper-based invoices and checks. Going paperless also results in the elimination of many cumbersome tasks.
- Productivity and scalability. With its robust automation capabilities, AvidXchange can streamline AP and payment processes. This does not only remove time-consuming, repetitive tasks but also help simplify other key accounting processes like interoffice mail approvals and invoice management.
- Cost-saving benefits. When a business is 100% paperless, processing costs can be reduced by as much as 50%, including a considerable reduction in needed manhours
Conclusion:
People who sell products and services at wholesale prices are known as wholesalers. Unlike business to business marketing, wholesale marketing is more like one-off transactions. Wholesalers provide businesses, both large and small, with the products and services that they offer. But what business is not looking for ways in which it can save money on supplies, without losing its competitive edge?