Ciftech launches software for pharma retail outlets
Vijaya K – Bangalore
Ciftech Solutions Pvt Ltd, a leading technology solutions provider based in Bangalore has launched CIFT Pharma, a software for retail chemists and druggists. The VAT compliant software is easy to use for retail pharmacists addressing the requirements of the retail pharmacies and also pharmacies in the hospital to automate their purchases, sales processes and inventory including accounting, says Nagendra G L, CEO of Ciftech Solutions.
CIFT Pharma software has great relevance to chemists to handle the activities like billing, stock maintenance, supplier accounts bank transactions etc.
CIFT pharma has a unique feature of maintaining different sales account for controlled drugs and non medical items. Flexible item master of CIFT pharma eases handling of medicines and non medicines in user friendly way.
‘‘This integrated solution will become the order of the day in the next two years and eliminate human errors in data entry,” asserts Nagendra “because in future a single window vendor will be in great demand.’’ The new product has applications in sales of medicines, stock maintenance, stock entry through automated purchase order, billing purchase orders, handling accounts and other various others stock, sales and MIS reports and database administration.
‘‘Today not more than 20% of the retail chemists are geared up to install such products. Of the total 4000 retails outlets we have already had talks with very few of them. We aim to bring freight free system in entire pharmacy retail outlets,’’ says Nagendra.
CIFT Pharma is being successfully installed in few cities of Karnataka including Bangalore, Mysore and Davanagere. Ciftech sees vast potential in this business with the implementation of VAT. Says Nagendra, ‘‘The market for IT in pharma will grow to about Rs 200 crores in the next two years. We hope that in the next one year atleast 10 per cent of the city’s retail pharma outlets will use our services. We are planning atleast about 400 installations in Bangalore in the next one year.’’
The company plans to take its pharma product to six more places in the state and outside including Nagpur in Maharashtra, Salem in Tamilnadu and is planning multiple installation in Hubli in Karnataka in the next four to six months. The development centre of the company has a strong team of 25 dedicated engineers and plans to expand to 100 by the end of the year.
‘‘We plan to make investments to about Rs 20 million and hope to achieve Rs 100 million revenues in the next two years,’’ says Nagendra. Ciftech plans to offer a dozen more products for the pharma and healthcare sector. Its existing product portfolio include CIFTlab, a software for diagnostic labs, CIFTclinic software for healthcare and CIFThealth for total solution for hospital automation.