What to Consider While Considering an Apparel Management Software for Your Business

An Enterprise Resource Planning system is a tool that gives businesses the freedom to automate processes and manage all functions from one point via an integrated application. The management solution utilised explicitly by the apparel industry is called Apparel ERP software. It is designed (or customised) for:

  1. Wholesalers
  2. Retailers
  3. Manufacturers

It can be implemented in fashion, apparel or consumer lifestyle sector. Some of the applications that an apparel software can incorporate are:

  1. Sourcing of material
  2. Manufacturing of clothing
  3. Supply chain and logistics
  4. Product design and its development

Factors that influence the Selection of an Apparel Management Software

The current and future goals matter when choosing the right ERP for an apparel company. Here are the 5 criteria that need to be factored in the decision:

  • Analyse the cost and the investment

For most businesses, the cost of an ERP is the most substantial factor. While it is a significant consideration, one needs to comprehend the return on the strategic investment. Habitually, the long-term ROI offsets the purchase and implementation expense. When comparing software, bear in mind:

  1. A more economical solution might have more mediocre functionality, or it may offer less support and installation issues. Most often, the benefits accrued are in direct correlation to the price paid.
  2. Dive deep into the capabilities of the ERP and not just the price point. Search for its functionalities, modules and integration abilities

In general, an apparel software that fits the requirements of business while offering the flexibility to scale will cost a bit higher, but it will make the company thrive. For example, a cloud-based ERP is heavier on the pocket but more reliable and profitable investment.

  • Be aware of business needs

An ERP for an apparel business has to be custom-made to fit the unique needs. The specifications vary from shop to shop and business to business. While some may require just one application, others might need the implementation of more modules. Knowing the precise pre-requisites of the company is essential. A few criteria to ponder over while considering conditions are:

  1. Will the software be utilised to streamline operations?
  2. Is it needed to improve efficiencies in financial data such as accounting?
  3. Is the necessity primarily for inventory, logistics, and order?
  4. Will it help in production, design and project planning?
  5. Is there a need for it to better customer services and therefore experience?

The answer to these questions will aid in deciding which modules of the management software need to be installed. Thus, they assist in shortlisting solutions further.

  • Think about every user of the software

Once implemented a large number of workers employ the apparel enterprise system. While some will be end users, others will handle configuration, upgrades, and integrations. It makes it necessary to consider every stakeholder and user while deciding which ERP to buy.

A simple technique is to create a team with a representative of every department or function in the business. Involve this team in the selection process and take their feedback. Usually, they will tender valuable insights that connect to everyday tasks which might not register to a higher executive.

  • Is the solution scalable

For mid-sized businesses or apparel firms new to ERP, the initial decision is to implement a solution with only a few modules. The choice is made to reduce the overall cost while still improving business functions. But as a business grows and makes more profit, their operations become more complex. Thus, at some point, a need may arise for more comprehensive management software that offers automation of more processes.

Even the reverse is possible. If due to some unforeseen reason, the apparel business needs to scale down their operation fewer modules might be required from the software. In a gist, a scalable solution allows your software to grow or shrink as per the needs of the organisation. Ergo, it makes sense to opt for a system that has the ability to scale rather than one which doesn’t.

  • Choose a business partner, not a vendor

One last consideration while shopping for an apparel management software is to look for a vendor who becomes a genuine business partner. The qualities that should be in a vendor are:

  1. Do they provide support post-sale?
  2. What are the values of the vendor along with their vision, i.e., do they bring to the table benefits other than the solution?
  3. Do they just sell the software or also assist in implementation and deployment?
  4. Do they offer support when glitches or problems happen in the software?
  5. Do they have the expertise in your business, sector or industry?

A suitable method of selection is to conduct online research and read reviews of the vendor. Look for their current or previous clients and ask for feedback.

Want to Streamline Your Marketing Process? Use These Top Marketing Automation Software!

Marketing automation is one of the great processes that help businesses not only to automate their repetitive marketing tasks, but they can also help to track and measure the performance of campaigns. Using this tool, you can also boost productivity as well as improve efficiency by decreasing manual actions. If we talk about marketing automation, it primarily refers to a category of software which helps to automate, measure and streamline the marketing tasks and workflows in an efficient manner. Whether you are owning a big MNC or have just started a new venture, marketing automation is a must for you. Here’s why you should use this software: –

Generate Top Quality Leads

In any business growth, one of the most important steps is lead generation. By using robust marketing automation solutions, you can generate top quality leads. This will give you more detailed and richer picture of prospective customer behavior. What’s more, you can drive wider marketing campaigns such as customized emails, trigger-based marketing messages, Twitter/Facebook messages, etc.

Make Informed Decisions with Better Data

Few businesses know how to collect/utilize big data. Marketing automation will give you an ultimate platform for analytics and dashboard systems, collecting/storing data, and closed-loop reporting. Such platforms are also the robust solutions that not only help to measure campaigns but also aid to determine consumer behavior with a limited budget.

Boost Your Company Revenue

Investing in marketing automation platform can help you to justify the upfront investment if you utilize it in a proper way. This will aid you to increase sales opportunities from top quality leads. You will get good returns on your investments with the automation process.

Streamline Your Sales and Marketing Processes

With the best solutions, you can streamline your sales and marketing process. In Sales and marketing, communication is the key to make the entire process smoother. Through automation, lead qualifying and nurturing have become easy.

Generate Detailed Reports

This software also helps to monitor and track all the channels in an easy way. Once you get data, you can create insightful reports to save them. The report will help you analyze the graphs and statistics of different campaigns and determine which campaign is performing well.

Time Saver

If you are facing problems to automate your regular marketing tasks, then using marketing automation software is the best decision for you. It will aid you not only to automate your marketing tasks but also to save time. Hence, you can do more focus on other marketing strategies. What’s more, you can also make campaigns for sending scheduled-customized emails to the customers, automate messages for different social media channels, and set-up auto-responders for daily follow-ups.

Give Excellent Customer Experience

The main feature of marketing automation is that you can give a great experience to your customers using this software. When it comes to this technology, it helps to send behaviorally triggered emails without any hassle. Whether you want to browse through certain products, sign up emails or abandon items in the basket, this solution can help.

In other words, we can say that marketing automation is a powerful tool that helps entrepreneurs to grow their business. But all you require is to find out the right platform just for you.

Top 6 Marketing Automation Software that Every Business Owner Should Use

Here, we bring to you an extensive list of top marketing automation tools available that you can choose which fits the best just for you.

Hotspot – The Best Ever Marketing Automation Software

In the marketing world, one of the well-known names is Hotspot. Using this inbound marketing software, you can easily automate a large number of tasks at a scale. This will also aid to customize highly targeted and sophisticated workflows with a visual editor. It is also useful to manage complex campaigns or follow-up messages in a simple way using multiple touch-points in the entire customer journey. If you want to automate your mails using drip campaigns, then this is the best software for you. If we talk about the monthly fee, you will find it nominal.

Active Campaign – The Ultimate Software for Small Businesses

Numerous businesses prefer to use Active Campaign for marketing automation. Being the best visual automation builder, it comes with drag and drop functionality on the market in today’s date. The best part is that anyone can use it easily. No matter, whatever your skill level is – you can easily set up both simple as well as complex marketing automation. This software has everything ranging from event tracking to site tracking and automation goals to split actions. Coming to its subscription, it comes with eCommerce integrations, lead scoring, and email marketing.

GetResponse – Come Equipped with Best Features

If you are looking for the most affordable and powerful marketing automation solutions, then using GetResponse will be the best answer. This software is ideal for large organizations and small businesses. This is the best platform to automate marketing processes. Using this tool, you can enjoy a host of benefits such as get engagement from website traffic, recovering abandoned carts, and boost sales. What’s more, you can easily set up an automated customer journey by applying filters, actions and conditions.

OptinMonster – Perfect For Generating Landing Page Leads

If we talk about OptinMonster software, it is quite different as compared to other platforms. This is an ultimate custom acquisition and lead generation tool that will let you boost sales, minimize cart abandonment and grow your email list. Using this platform, you can easily design website campaigns, pop-ups and high-converting landing pages. Once you sign up, you will get risk-free 14 days. However, if you are not fully satisfied, then you can get a 100% refund without any question asked.

Salesforce Pardot – Ideal for B2B Marketing

In today’s date, one of the well known and most reputable CRM solutions is Salesforce. No surprisingly, this software gets the top ranking on the list. It is specially designed for B2B organizations. Some key features include sales integration, email marketing, smart lead generation and smooth lead management. It uses AI power to devise the best sales strategy and improve marketing efforts. With its insightful report, you can easily determine which campaigns are working and what need to be improved. Also, it offers an affordable pricing plan to choose from.

ConvertKit – Enhanced Software for Newbies

For those who are using marketing automation software for the first time, investing in ConvertKit will be the best option. However, it is considered as the best email marketing software; but it has more advanced features. Whether you are selling SaaS, running an e-commerce business or a content site, you can get success using this tool. It offers a free forever plan to up to 500 subscribers. But there are no visual automation funnels.

To sum up, finding the right marketing automation tool for businesses is a very daunting task. Mostly, there is no single platform that is perfect for everyone’s solution. So, you have to select the tool according to your specific needs. So, what are you thinking? Just select the right platform today and improve your marketing processes dramatically.

How Important Are Insurance Carrier Ratings and Insurance Tracking Solution Software?

What is an insurance policy? It is a promise or an assurance to pay in case of a covered damage or loss. The insurance carrier promises to cover the loss and pay during a financial disaster. Although, the commercial insurance has turned out to be quite complex and expensive, yet a good coverage can be your only security against the monetary catastrophe during a serious claim. Have you ever thought how would your condition be if the insurance company fails to keep the promise during the time of your need? This is where the insurance tracking solution software comes forward.

It is not an easy task to predict which insurance carrier is the best and safe, out of numerous options available. But, the ratings provided by various agencies can be of great help to select the most trusted one in the crowd. The carrier goes through rigorous evaluation procedures comprising reviewing business plans, reinsurance, financial statements, interest rates, regulations, credit, funding criteria, and actual reporting for being rated. Such severe analysis helps in measuring the real capabilities of solvency by the carriers.

The ratings are given using noble benchmarks between grades A to F. The insurance firms possessing grades A++ or A+ are considered to be the superior ones within the entire industry. The excellent ones are rated A or A- and the good ones are rated B++ or B+. The insurance companies’ ratings between A and B are considered financially secure companies and the carrier rating C are said to be on the marginal line. Each Insurance Carrier has North American Industry Classification System (NAICS) codes to identify the specific rating. It helps to classify each carrier within the industry to collect, analyze, and publish the statistical data.

Insurance Carrier Thresholds & Why it matters

You must be wondering what an insurance carrier threshold is. It is nothing but a tested way to reduce the risk. Often it becomes difficult for a company to go through the financial records and ratings on a regular basis. In such cases, even if the ratings of their trusted and functional insurance concern go down, the establishments remain unaware. This calls for a risk of the broken promise from the chosen insurance company’s end.

In order to avert any such risk, the private entities and public organizations create a threshold for the insurance organizations. They choose to have the rating certificate of the insurance holders. The threshold mentions that the insurance firm must be no less than a C+ rating. This serves as risk reduction if for any reason that specific insurance carrier goes below the threshold.

The certified insurance software helps to update the carrier ratings on a quarterly basis. So, in case of such a situation where the insurance firm fails to maintain the threshold assigned by the company, the administrator of the designated software receives a notice that the insurer would have to switch to an insurance carrier that would meet their compliance standards set by the insurers for the company.

Only the financially strong insurance companies can probably respect the insurance agreement and reimburse the claims as pledged. In the case of inability to pay the claims, it puts your business in danger of bearing the entire bill for the significant damages from court proceedings. Selecting a superior insurance company can take care of your organization’s insurance agreement for a long-term apart from assuring security and peace of mind.

Automate your Risk Reduction

In order to systematically reduce the risk, the insurance software has no comparisons. Such software is built in order to help the larger organizations do less paper work and documentation and assist their customers in different ways. Alongside monitoring Insurance Carrier Rating hands-free, insurance software also tracks all of the Certificates of Insurance to make sure the Certificate is up-to-date, the policy amount is correct, and documentation is where it needs to be. In addition to these elements, if aspects of the documents are not on par with your organization’s requirements, the insurance software dashboard allows for complete customization and automates reminders for your vendors.

Overall, the certified insurance software effortlessly manages every project and sync with the interface of the trusted 3rd party agency, helping you to judge the right insurance carrier for your company.