How to Increase Cash Flow in Retail Business Using Sokrio DMS

There is no substitute for cash flow to keep your business afloat and prosperous. It’s the powerful thing that keeps your business running. It holds the lights on, allows you to pay your workers and employees, and provides you the means to do excellent things for your clients and customers;  And for obvious reasons, you require to have enough cash flowing through your business in order to thrive.

Unfortunately, different factors (the economy, bad business decisions, global pandemics, etc.) have put countless retailers in a cash crunch—a position in which you don’t have sufficient funds to work smoothly or usually. In such a dire time you need a solution that will dramatically reduce the extra cost of your retail sales channel and maintain its cash flow. 

Yes, we are talking about the Sokrio Distribution Management Systems.

Sokrio Distribution Management System (Sokrio DMS) is the solution that will bring your organization’s entire sales channel within the grasp of your hand. It is a mobile and web-based application that will significantly improve the ability to manage your retail sales channel-related activity in a profitable way. In this article, we are going to show you how to increase cash flow in retail businesses using Sokrio DMS

This solution will bring a Yearly Increase worth up to BDT 68 lakh Per 100 employees. 
Increase cash flow in retail business by using Sokrio DMS 

# Faster product delivery and billing

# Ensuring the right product at the right place at the right time

# Exact Demand analysis and market insight

# Cross-selling and up-selling opportunities in the existing channel points

# Help to establish newer channel points

# More targeted and management focused dues collection

 

What is Sokrio DMS (Sokrio Distribution Management System)?

What is Sokrio

Sokrio distribution management system is a solution that will help you to grow and manage your entire sales channel. Along with helping you to make your business more profitable, it helps your business in a variety of ways, including increasing the accountability of the sales team, reducing paper costs, reducing product delivery lead time, and sales reporting time.

Sokrio Distribution Management System (Sokrio DMS) gives a ready-to-launch SaaS platform to instantly streamline your distribution sales channel. Sokrio DMS provides customization options to cater to the requirements of individual industry value chains.

Increase cash flow in retail business by using Sokrio DMS 

Increase Cash Flow

Sokrio is a software application platform that will enable you to optimize your sales process and get the best out of your sales team. With our service you can significantly decrease your sales operations cost and increase the profitability, also will let you save more money than before!

Sokrio DMS helps to increase up to 50% accountability by helping you to monitor the work hour utilizations of field executives and overall field sales team. Sokrio DMS is a fully automated software solution that has the potential to reduce the paper usage of your sales channel by up to 100%. It also helps to reduce the mobile communication cost of field supervisors by up to 80%. Also, the Sokrio distribution management system has a number of excellent benefits that will help to increase the cash flow in your retail business.

Faster product delivery and billing

Sokrio distribution management system is very essential to develop delivery efficiency. Sokrio DMS gives the process of on-time product delivery and also ensures the product delivery remains faster. Businesses can reduce up to 24 hours in product delivery lead time by utilizing sokrio DMS software. Similar to the smooth delivery process of Sokrio DMS, its billing process is also very time efficient and automated.

delivery process

The Sokrio billing process is completely automatic and does not require the use of any pen and paper. Using Sokrio DMS software, management can instantly view any past and present bill or delivery history at any time.

Ensuring the right product at the right place at the right time

A business needs to be more conscious about its delivery process because this represents customer satisfaction. Ensuring a customer’s satisfying delivery process depends on three pillars.

  • Deliver the right product.
  • Deliver the product to the exact place.
  • Deliver the product at the right time. 

Customer satisfaction

This mobile and the web-based software will bring up to 33% efficiency in your sales channel. As a result, this system helps you to deliver the right product at the right place at the right time. With this software distributors and retailers are benefiting from the time reduction of order and delivery and transparency of transactions

Exact Demand analysis and market insight

Sokrio distribution management system will help you to generate a complete analysis of client demand; which will eventually help you to understand what your customers actually need. This system also guides you to find all types of market insight and lets you know every market update. 

Sokrio DMS generates reports as soon as the activities are unfolding in the market. This makes it very easy for you to get any report from your sales channel at any time. The Sokrio Distribution Management System provides you with a dashboard from which you can easily analyze real-time data from the field.

customer demand analysis

Sokrio DMS allows you to access your dashboard to analyze client demand and understand the market insights at any time from anywhere in the world.This will allow you to easily increase your cash flow by following market trends and improving the quality of your products and business.

Cross-selling and up-selling opportunities in the existing channel points

Cross-selling is the method of assisting customers to buy products or services in addition to the original items they planned to buy. Upselling is the process of assisting customers to upgrade or include add-ons to the product or service they’re purchasing. The more difficult and tougher the competition, the more possible it is that it will divert the customers from your business and thereby affect your business’s baseline.

cross selling and up selling

Sokrio DMS will present cross-selling and up-selling opportunities in the existing channel points in your business. Sokrio DMS platform can provide you with detailed records of your existing client and customers’ orders to analyze and support you to decide on which product to cross-sell to whom. After knowing them and cross-selling your product to your customers you can easily see the visibility of cash flow in your retail business. 

Help to establish newer channel points

When you are running a business you will always be on the lookout to increase it. Sokrio distribution management system helps you do exactly the same thing. Sokrio DMS helps your business increase significantly by producing newer channel points. Sokrio DMS helps your sales team to reduce up to 70% of order taking time; And also saves up to 8 hours to submit the sales order. This will enable your sales team to collect more orders in less time and thereby increase the cash flow of your business dramatically

Cash FlowAfter using Sokrio DMS, the sales team members will have enough time to visit more outletsand create more new channel points.

More targeted and management focused dues collection

Sokrio billing feature is one of the most marvelous features on the Sokrio DMS dashboard. This easy-to-use feature maintains the whole billing process and helps to identify micro-level retail store-wise dues as well. Sokrio distribution management software will help you to be more targeted and initiate a management-focused dues collection.

Payment collection You will find the whole accounts and purchase list with all details from the (distribution management systems) reports for such drives. This will allow you to increase your cash flow in your retail sales channel and business as well. 

Final Word

Sokrio distribution management system is a Saas-based software that will increase your cash flow and business revenue significantly. Sokrio DMS provides customization options to cater to the requirements of individual industry value chains.

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