Are you looking for pharmacy software for your chemist shop or pharma business, but not sure which ERP to trust? There are dozens of pharmacy billing software available, and it could be overwhelming to browse, compare, and choose the best pharmacy management software for your business. To make the tough work easy, we did the footwork and shortlisted two prominent billing software for your pharmacy.
- Marg ERP
- LocalWell
We will compare these prominent pharmacy software, features, advantages, and which software is the right choice in the ever-evolving pharma industry of India. This end-to-end comparison is good for all types of pharma businesses, retailers, distributors, and manufacturers.
It matters because modern pharmacies need modern software to make their pharmacies a complete healthcare hub, not just medicines dispensing counters. Let’s begin exploring one by one.
Marg ERP vs LocalWell: A Comparative Analysis
About Marg ERP
Marg ERP 9+ is industry’s leader for over 33 years for customised billing and inventory solutions for Pharma, FMCG, and several other industries. Over 10 lakh businesses trust Marg ERP across retail, distribution, and manufacturing businesses, served by 850+ sales & support centres and over 6000 expert professionals.
In Pharma, over 50% billing across India happens on Marg ERP. Cloud storage, connected banking, auto reconciliation, integrations, and multi-layered data security, and many more exclusive features make Marg ERP the first choice for all trade throughout India and beyond. They have a strong presence in South Asia, Africa, and other global markets.
Key Features of Marg Pharmacy Billing Software
- GST-ready pharmacy billing software including filing and returns.
- Easy, fast, and error-free billing with POS, Touchscreen, Barcode, and other methods.
- Expiry management to control overstocking and understocking.
- Connected banking with ICICI Bank, SBI, Axis Bank, J&K Bank, and IndusInd Bank for seamless banking.
- Auto bank reconciliation with 140+ banks.
- WhatsApp integration for payment reminders and notifications.
- Promise order to provide medicines as per customers’ needs.
- Advanced inventory management including tracking, expiry control, and streamlined operations.
Premium Features
- ERP to ERP Ordering for direct orders between chemists and pharma distributors. It eliminates manual errors, need of calls, messages, and middlemen.
- Digital Healthcare Services (QR-code based) make your chemist shop a complete healthcare hub. Chemists can book online doctor consultation, lab tests, face scan-based vitals tests, offer insurance and loans.
- Pass Ki Dukan empowers local chemists to expand their network and customer base.
- PharmaNXT with a bank of over 5 lakh medicines provide instant and reliable medicine information.
Why Do Businesses Choose Marg Pharmacy Software?
Above-mentioned features are curated for overall benefits for chemists, pharma distributors, and manufacturers. Lakhs of businesses trust Marg Pharmacy Management Software for;
- Fast, reliable, and accurate billing. It reduces billing time up to 40% with lesser queues and more efficiency
- Accurate inventory management and expiry control, minimizes overstocking and understocking
- Easy GST compliance, filing, returns, and lesser ITC and compliance related confusion and losses
- Direct orders between retailers and distributors with ERP to ERP Ordering, no middlemen, no errors, only efficient business growth
- Photo to Purchase Import for digital records and purchase entry
- Digital Healthcare Services (QR Based) helps chemist increase income, network, and provide a range of healthcare services for patients at home.
- Promise order, notifications on WhatsApp and SMS improve customer experience
- Faster and real-time updates through SMS, WhatsApp, and more
- Multi-store and multi-branch management
- Secure cloud storage, data security, and remote access
- Regular updates, new features, and end-to-end partner of modern pharmacies.
About LocalWell
LocalWell, among the rapidly emerging pharmacy management software solutions, is tailor-made for chemist shops and modern pharmacies. This 100% GST-ready, desktop and mobile billing software was launched in 2019 by Chirag Agarwal, an IIT alumni. LocalWell is perfect for small pharmacies that need basic automation and cloud-based data storage without much complex setup. Over 5000 retail pharmacies and distributors trust LocalWell, present 450+ cities across India.
It is easy to install and implement for seamless billing, accounting, and inventory management. You can use it on multiple devices and access from anywhere. It is comparatively newer than Marg ERP but has promising start and future.
Key Features LocalWell Billing Software
- GST-ready billing (GST 2.0) with customisable invoices and online sharing via SMS and WhatsApp
- Expiry alerts and stock notifications with advanced inventory management features
- LocalWell billing software offers in-built medicine database with updated GST-rates, substitutes, and product details
- Financial reports, payment tracking, and notifications for outstandings
- Flexible usage with cloud-access from mobile, laptop, desktop and tablet
Premium Features
- Automation of reminders and notifications for faster billing and accounting process
- Real-time backup and multi-device access
- Customer analytics and financial reports
- Distributor search and product comparison features in LocalWell Pharmacy Software
- Batch-level stock management and accurate margin tracking
- Focus on complete ease-of-use and accurate billing and inventory management
These features make LocalWell, a perfect pharmacy management software for your small pharmacies and chemist shops who want simple and easy billing and inventory management.
Why Do Businesses Choose LocalWell Pharmacy Software?
Businesses choose LocalWell for its ease of use, customised features for small growing pharmacies, and 24×7 customer support.
- Affordable and easy to use for small pharmacies and chemist shops
- Simple interface and dashboard with faster navigation
- Cloud access without heavy installation and complexities
- Suitable for basic reports, billing, and inventory management
Where Marg ERP is a Preferred Pharmacy Billing Software?
Marg ERP is a complete pharmacy billing software with solutions curated for retailers, distributors, and manufacturers. It is preferable for the entire pharma industry, serving unique requirements.
Where LocalWell is a Preferred Pharmacy Billing Software?
A new entrant in the world of ERPs, LocalWell is preferred for small chemist shops, medical stores, and local pharmacies who want easy billing software without much complexities.
Comparison of Marg ERP vs. LocalWell: In a Nutshell
| Features of Pharmacy Billing Software | Marg ERP | LocalWell |
| Type of Billing Software | Complete pharmacy management software solution plus digital healthcare services | Cloud-based pharmacy billing and management software |
| GST and Billing | Fully GST ready, barcode billing, and multi counter POS | GST billing with basic invoicing and billing |
| Inventory Management | Real time stock management, expiry control and reorder automation | Basic inventory management |
| Purchase Import | Purchase import from bill photo, PDF, excel, CSV | Not available |
| ERP to ERP Ordering | Direct orders between retailers and distributors | Not available |
| Digital Healthcare QR Code | Online doctor consultation, face scan, lab tests, and more | Not available |
| Accounting | Complete accounting with auto-reconciliation (140+ banks and connected banking) | Basic accounting automation |
| Connected Banking | Integrated banking with SBI, ICICI Bank, J&K Bank, Axis Bank, and IndusInd Bank | Not available |
| Customer Engagement | WhatsApp and SMS notifications, Outstanding reminders | WhatsApp and SMS notifications available |
| Medicine Database | PharmaNXT with 5 lakh + medicine database, substitute search, and promise order | Library of 4 lakh + medicines |
| Reports and Analytics | 1000+ financial reports including GST, billing, inventory, distributors, etc | Basic business reports |
| Multi-business Support | Retail, distribution, and manufacturing | Mainly retail modern pharmacies and medicine shops |
| Online and Offline | Online, Offline, Mobile and Cloud | Cloud and Mobile based |
| Extra Income Features | Digital Healthcare Services (up to Rs. 25,000 per month) and ABHA billing (Rs. 20 per bill) | Not available |
| Industry Exposure | An extensive exposure across pharmacy, FMCG, and other trades | Mainly focused on retail pharmacy |
The Verdict: Which ERP Solution is Better.
Marg Pharmacy Management Software is better in terms of over 33 years of impeccable legacy, 10 lakh+ business, more than 50% pharmacy billing, and a significant market presence in FMCG, Electronics, Jewellery, Garment, and various other industries.
LocalWell has been in service since 2019, focusing mainly on modern pharmacies and chemist shops. It is still evolving and has limited features compared to Marg ERP.
Therefore, our verdict is Marg ERP is the best pharmacy management software in India for retailers, distributors, and manufacturers whereas LocalWell is good for small chemist shops with basic features and ease of use.
Conclusion
This is everything you need to know about the two of the industry’s leading pharmacy management software. Marg ERP and LocalWell are good pharmacy software overall, but when we compare the features, integration, and legacy in detail, Marg ERP stands out with flying colours.
Marg ERP is suitable for all categories of the pharmacy industry. LocalWell can be considered for small medical shops. Choose a pharmacy software according to your business current and future requirements. Enquire now.
