Boost Jewelry Distribution
Revenue with WinGold Next
Jewelry Wholesale Software
Manage bulk buying & selling of Gold & Diamond jewellery,
and Certified Diamonds with WinGold Next ERP for Wholesalers.
Ensure tracked consignment transactions, stock & profit analysis,
automated position fixing, etc.
Some Evident Challenges in the Jewelry Wholesale Distribution Sector
Jewellery wholesale industry has been evolving faster than ever. Today, retailers & manufacturers require efficient bulk ordering solutions, and the wholesalers must manage the transactions, customer relations, and fix & unfix decisions with great care. Competitive markets and tight profit margins have been challenging for wholesalers who are still following traditional wholesale management practices.
Challenges that have been sabotaging the growth of several jewellery wholesalers:
Lower Profit Margins
Typically, the profit margin for a wholesale jewellery business is approximately 25% to 40%. And practices like inefficient consignment management and expensive client retention can significantly reduce the profit margins.
Jewellery Tax Compliance
Bulk jewellery transactions without a proper software to track tax and compliance deductions is just another evil for traditional wholesalers. You need to embrace an automated tax calculation, profit management, and integrated accounting system.
Overhead Expenses
Apart from the initial investment in setting up a wholesale jewellery business, overhead expenses can eat up a sizable chunk of your revenue. A wholesale jewellery business must have an efficient system to curtail overhead expenses and streamline operations with our Jewelry Wholesale Software.
Customer Trust and Satisfaction
Building customer/client trust is an uphill task in the wholesale jewellery business because there is minimal in-person interaction. Better bulk ordering experience, customer relationship management, and personalized services are the need of the hour.
The above challenges certainly hint at adapting & providing a better jewellery purchase experience to retailers. And here is why we recommend you trying WinGold Next Jewelry Wholesale Software.
Key Features of WinGold Next Jewelry Wholesale Software
Bulk Inventory Management
Jewellery wholesalers can now easily switch from the tedious manual inventory tracking to automated tracking with our Jewellery Software.
- Appoint serialized control of jewellery stocks
- Prepare consignment data and record stock transfers (both in and out)
- Leverage bulk inventory categorization with accuracy
Managed Consignment Transactions
Track consignment transactions while in transit with WinGold Next Jewelry Wholesale Software.
- Monitor the consignment inventory to avoid inventory loss
- Grow supply chain efficiency
- Record the bulk transaction details with high accuracy.
Enhance Customer Relationships
WinGold Next wholesale & jewellery retail software allows you to capture customer data and transaction records. Use this data to foster healthy business relations.
- Use data to define your premium jewellery retail clients and plan personalized offers
- Track ordering patterns to prepare well before high-demand transactions.
- Leverage WinGold Add-ons like WinApp and Billing Pro+ to allow online bulk ordering and automated invoicing.
Size, Piece, and Purity-wise Management
Use WinGold Jewelry Wholesale Software to manage jewellery inventory based on size, indiviual units, customer-wise purity, etc.
- Employ customer-wise Gold purity management with auto purity difference calculation
- Manage Loose Diamonds based on sieve size and cut patterns
- Use finance and tax analysis reports
- Sell Certified Diamonds with individual piece control feature
4C’s Management and Cost Break-up
Wholesale jewllery traders who sell Loose & Certified Diamonds can employ 4C’s management with respective cost break-ups.
- Manage the Quality of Loose & Certified Diamonds with 4C’s management
- Leverage lot-wise 4C’s management (Cut, Color, Clarity, Carat)
- Add Diamond Cost Break-up (DCB) Information for Diamond Jewellery
Manage Tax Compliances
Manual tax management and regulatory compliance is nothing less than an uphill battle for wholesalers. Fret not – WinGold Next ERP helps you keep these compliance and taxes tapped in for you.
- Take care of your VAT, GST and other tax compliances
- Support for regional compliance like Hallmark, AML, BIS, etc.
Integrated Accounting
Record-keeping can be a humongous task for Jewellery Wholesalers. You can simplify it with the integrated accounting feature in WinGold Next Jewelry Wholesale Software.
- Manage entries to accounting books of different clients
- Manage Account Receivable and Account Payable
- Manage Cash Flow and Tax Deductions
Email Marketing Support
Use WinGold Next to record retailers data and send them product & pricing catalogues and personalized offers through emails.
- Plan email notifications around price-drops (for Gold, Silver, etc.)
- Share new design catalogues, pricing catalogues, etc.
- Enhance client relationships and stay aligned with upcoming demands
Fix and Unfix Transactions
Automate the unfixed transactions with WinGold Next ERP and keep the fluctuating prices factored in at the time of actual transaction.
- Say ‘No’ to manually fixing or unfixing pricing
- Accurate price calculation within seconds
- Leverage position fixing feature for Gold Jewellery similar to Bullion Software.
Automated Wholesale Transaction Reporting
The jewelry wholesale software helps you analyse profits, stock movement, client data, etc.
- Check stocks and inventory movement reports
- Scrutinize sales & revenue reports
- Use finance and tax analysis reports
Learn more about the features of WinGold Next for your Jewellery Wholesale Business?
Additional features of Jewelry Wholesale Software
Precious Stones and Metal Segments to Serve
Why Choose WinGold Next?
30+
Years of Experience
2000+
Clients
120+
Jewellery ERP Experts
25+
Countries
"After years of researching good software for this niche industry of gold, I can safely say that I have bumped into excellent software, WinGold Next is the complete package, and it is backed by a great and superb team. There after sales service has been top notch professional, while always eager to assist in finding solutions."
Mr. Sivanesan Yuvabalan
Director -VXN JEWELLERS
"The system allows me to directly and quickly access all the management information needed to run the business and get insight of real-time reporting for key performance indicators such as operating efficiencies and deliveries. Extremely easy to use and understand. Lots of features. Great support. The thought of switching to WinGold was the perfect decision so far."
Mr. Shafeeq
Director - SMS DEEN & MEENA JEWELLERS
"“Web Masters is the best IT company in the field of precious metals ERP software development, program enhancements and innovation. Despite COVID pandemic challenges in 2020/21, the team has worked diligently throughout the period ensuring deadlines are met. We have no regrets whatsoever in choosing WinGold Next as our software and shall continue to use it. Web Masters is a company that has gained our respect; hence we have no hesitation in recommending WinGold Next to Others.”"
Mr. Joseph Ng
Regional Director & Country Manager - MKS PRECIOUS METALS