Marg ERP Unveils New Platform PharmaNxt For Retailers To Get Info About Drug

Mumbai, 3 Dec 2019:

Marg ERP Limited has created a platform for retailers known as PharmaNxt, where the chemist can get information about any drug, its substitutes, its HSN code, etc. This platform will empower a chemist to find his nearest distributor according to his location, who deals in the specific item or company and it will help the chemist to retain his customer and grow his business. The chemists can also check the information of tax percentage, MRP, manufacturing company, etc.

Thakur Anup Singh, chairman and managing director, Marg ERP Ltd believes that within the next 3 months, all the small and big stockists, distributors and small manufacturers will unite on the platform to cross the number of 1 lakh.

The company believes that this platform will benefit the industry immensely and the distributors and retailers will come closer to each other.

"This platform was required by chemists for years and till now there was no platform available with the complete information about an item”, the company added.

Singh further added, "Today more than 1 lakh searches are done on this platform and company expects that when a large number of distributors are registered on it, the search will increase to 4 to 5 lakhs. This will not only benefit chemists, but the distributor's business will also grow. As such, distributors are registering themselves on this platform very fast and so far 25,000 Indian distributors have registered themselves with Marg PharmaNxt."

Singh also expressed the possibility that PharmaNxt will become a supporter of chemists in fighting online retail in the future and this platform will work to connect smaller distributors and retailers in future.

The specifications of a medicine or drug might be available on Google, but the information about the nearest distributor was not available on Google. Now all this information will be easily accessible to the chemist on one click within the software. The chemist can use it in two ways, one is by downloading PharmaNxt mobile app from Google play store, second is given in Marg ERP itself, this feature can be availed easily inside Marg ERP 9+ by clicking a button while billing.

Singh further added, "Presently, the facility of distributor registration has been offered only for the users of Marg ERP as more than 1.5 lakh distributors, stockists and propaganda companies (small manufacturers) are associated with Marg. Our first target is to bridge the gap between retailers and distributors associated with Marg ERP, to facilitate the retailers as well as the manufacturers. He also mentioned that the rest of the software companies are probably not able to build such a platform because they do not have such a large customer base. He explained we have invested crores of rupees to build it to recover the data of 4.5 lakh items. A team of 15 people has been formed with pharmacists who will continuously work to improvise the data".

"Today, as the competition is evolving, even the very small companies are manufacturing and distributing medicines at the local level. The chemist is not aware of such small companies, and as a result, he has to lose his customer. Using the PharmaNxt App or Marg ERP, the chemist will be able to locate the nearest suppliers dealing in the specific medicine as soon as he enters the medicine name in the search panel”, added Thakur. Pharmabiz