Running a jewellery showroom requires careful handling of transactions, inventory, and staff. Without the right software tools, there can be financial losses and operational problems. Suntech Business Solutions knows these challenges. Our ERP solution, SUNFACET, helps fix these issues and makes your operations smoother. The following are the main areas where your jewellery business might be losing money:
Transaction Losses
Have you noticed how gold prices change quickly? If your staff do not have the right jewellery software, they might accidentally adjust the prices on invoices. This can mean lost revenue. Gold prices go up and down depending on supply and demand, so it is important to track them properly. With SUNFACET, you get a present gold price and it ensures every bill is correct and transparent.
Wastage charges are another area to watch. Even in machine-made jewellery, these charges are common. Without proper software, they can be unfairly adjusted. SUNFACET automates the billing process, making sure everything is accurate.
And then, there is the issue of weight errors. Some customers end up overpaying when the weight of gold is not recorded properly. SUNFACET tracks every sale precisely, ensuring the right weight is always charged, which helps build trust with your customers.
Supplier Losses
Some suppliers increase gold prices to take advantage of price changes. SUNFACET fixes prices in your system. This stops suppliers from changing prices unfairly.
Some suppliers increase wastage charges and reduce discounts to raise costs. SUNFACET records all these details accurately. This ensures transparency and stops unnecessary price increases.
Payment Fraud
Another way in which firms can lose money is fraud with payment. Sales on credit can be dangerous, particularly if payments are not handled properly. The transfer of money into anonymous accounts carries a fraud risk. SUNFACET reduces the possibility of fraud by tracking every payment.
The problem of black money is another. In an attempt to turn unauthorised cash into legal funds, scammers may attempt to record sales to anonymous accounts. SUNFACET ERP makes sure all transactions can be tracked and keeps your jewellery showroom ethical and free from fraud.
Human Errors and Staff Mismanagement
Human error and mismanagement can lead to losses. Sometimes, staff may record sales with past dates or claim false expenses. This can lead to losses. SUNFACET ERP helps you monitor staff activities. This reduces the risk of mistakes and loss of money.
Sometimes expensive items are wrongly tagged with a lower price. SUNFACET includes inventory management. This ensures every item is correctly tracked and priced.
To protect your jewellery business from these problems, you need an advanced ERP solution. SUNFACET tracks transactions, inventory, and staff activities accurately. It offers real-time data tracking, Integration with other systems, Automated billing and invoicing and full traceability of all operations
Contact us today to schedule a demonstration and see how our ERP solution can improve your jewellery showroom in Saudi Arabia.
Contact Us
Phone: +971 55 220 1715
Email: [email protected]
Locations: UAE | Saudi Arabia | India | Hong Kong
Website: www.suntech-global.com
