Insights & guides
Insights, tutorials, and product updates from SWIL — covering business management, GST compliance, retail, pharmacy, and ERP best practices.
Retail
Though credit and debit cards are the most common method of payment at both traditional and online retailers, many customers still prefer to pay with cash. Even though cash transactions dropped 16% worldwide in 2020, and 24% in the United States, McKinsey predicts a resurgence in cash payments in t…
SWIL Team
1 min read
Accounting
Do you need help keeping track of your accounts payable? In that case, you are not alone! Accounts payable maintenance and management can be challenging, particularly if you need to have procedures in place to guarantee the accuracy of your payments. Because it directly manages the paychecks and in…
SWIL Team
1 min read
Warehouse Management
Retailers are always trying to create a better customer experience. By integrating online and offline channels, they can provide customers with a more comprehensive view of their product offering and make it easier for them to find what they want. OMS and WMS deep integration can help retailers ach…
SWIL Team
1 min read
Point of Sale
A POS system, also known as a point of sale or sales system, is an essential tool for businesses dealing directly with customers. These systems replaced bulky cash registers a few years ago and allow businesses to conduct transactions quickly and easily. Depending on the POS software, POS systems c…
SWIL Team
1 min read
Point of Sale
The popularity of point-of-sale (POS) systems continues to grow as businesses strive to improve efficiency and customer service. POS systems are essential for running a business, allowing customers to make purchases quickly and easily. There are many different types of POS systems available on the …
SWIL Team
1 min read
Inventory Management
In today's fast-moving retail world, making the effort to conduct an inventory reconciliation can be challenging. It suggests pulling individuals away from their daily jobs and doing what may feel like mundane (as well as regular) jobs. However, preserving accurate stock is essential to company suc…
SWIL Team
1 min read
Point of Sale
POS systems were once the domain of cashiers and checkout operators. They are now being used more often from the managers' desks, allowing them to juggle multiple tasks at once. POS systems are being changed with new versions that allow different transactions, navigation, and tabulating to take pla…
SWIL Team
1 min read
Accounting
Running a business is not easy and requires a lot of work. It is especially important to ensure accurate cash flow reports, which is something that all businesses should have. Regardless of the size of your business, it's really important to keep tabs on incoming and outgoing cash flow. This is whe…
SWIL Team
1 min read
Compliance
Introduction There are management, information, and systems. At the core of such systems are those that provide important information to company management. The hurdles of running a business have increased our reliance on advanced technology that eliminates any room for error. MIS reports are the r…
SWIL Team
1 min read
Accounting
Customers of Canara Bank can use the bank's online banking service to meet their needs. A wide range of banking-related activities, such as making service requests, transferring funds, and opening brand-new term deposit accounts, are made easier by Canara Bank's online banking service. You can comp…
SWIL Team
1 min read
Compliance
Year-end planning plays a vital role in any business. It not only assists in monitoring your budget but also spots any minute errors that may be developing in the business. It keeps track of your inventory, prevents you from storing surplus goods, and monitors accounting, delivery, and everything e…
SWIL Team
1 min read
Retail
The customer is our top concern when considering retail business. The customer is at the core of our business strategy. It becomes essential for us to understand the market's demand as well as which of our products sell the best and the least of all them. Keeping everything in mind and providing th…
SWIL Team
1 min read
General
This union budget 2023-based article highlights the Budget presented by Union Finance Minister Nirmala Sitharaman on Wednesday. It is the fifth Budget of Modi 2.0. In the last full-fledged Budget, Nirmala Sitharaman said that the Indian economy is on the right path and heading towards a bright futu…
SWIL Team
1 min read
Retail
Meaning of Online Ordering System An online ordering system allows customers to order from your retail store via your website or app. They can choose delivery or pickup options. Apart from these basic features, online ordering systems help you capture valuable customer data. This way, you can know …
SWIL Team
1 min read
Point of Sale
Restaurant technology has come a long way in terms of technology. There are various tools available in the market that meet the needs of restaurateurs. Mostly, these tools are integrated with each other for efficient communication. Restaurant operators can find all they need to run their businesses…
SWIL Team
1 min read
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