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Best Jewellery Software For Jewelry Store Business

Finding the best Jewellery Software for your business is now faster and easier! Compare prices, reviews, features, and get free consultation to find the perfect software.

jewellery software guide

Table of Contents

What is Jewellery Software?

Similar to other businesses, a jewellery store also has different departments. Managing each department manually can be gruelling and tedious. Moreover, daily changing prices add to the difficulty. Automating all these processes not only help in saving time but also improving the efficiency of the business. Deploying a comprehensive jewellery shop software will help manage every facet of a jewellery store efficiently.

Features of Jewellery Software

features-of-jewellery-software

1. Inventory Management & Imaging

  • With inventory management feature, jewellery software can automate supply levels. It also deducts the inventory levels automatically as soon as sales are made.

  • Many times, it becomes challenging to differentiate jewellery pieces with their description. So, jewellery design software must offer features that include an image of the items.

2. Customer Relationship Management

  • It is essential to strengthening customer relationships to grow your business. With this in mind, jewellery management software must integrate CRM (CRM Software) to fetch customer details like birthdays and anniversaries to provide discounts or offers. The system also tracks important dates to send reminders for purchases.

  • Some jewellery retail software offers integration with social media platforms to stay closer with the customers.

3. Messaging Integration

Jewellery software should be capable enough to send customers alerts when they receive any particular order and accomplish repairs. It must also set special date reminders. Customers should be able to opt-in for text messages, email, or automated calls.

4. Appraisal Tracking

The jewellery design software must include a feature such that on completing any appraisal, the system stores it. It should be tagged for both – customer and the individual piece.

5. Precious Metal & Stone Pricing

Pricing of precious metal and stone tend to change daily. This affects the pricing of items as well as the inventory value. The jewellery shop software should contain a feature that automatically downloads the current prices of metal and stone. If it can apply this value to the inventory or on the selected items automatically, it can be an excellent add-on for the software.

6. Service/Repair Tickets

Repairing and doing alterations are an integral part of a jewellery store. The jewellery management software must maintain a track of repairs and changes in size when a piece comes for alteration and update the customer history for future references.

7. Compliance & Tax Reporting

When a customer purchases covered goods of $50,000 or more in a single year, the Anti-Money Laundering provisions of the Patriot Act require a report. The jewellery billing software should be able to generate these reports. Moreover, when a customer makes the payment of $10,000 in cash for merchandise, the system should flag the transaction and create information for IRS Form 8300.

8. Anonymous Sales

Most of the customers prefer to have detailed information on their transaction so that it can be useful if any issues arise in the future. However, many customers want to make anonymous purchases. The jewellery shop software must also support this.

Benefits of Using Jewellery Software

With a multitude of jewellery software available on the market, penetrating the best as per your requirement is a tough task. Here, we have rounded up various types of jewellery shop software and their benefits to ease your search.

benefits-of-jewellery-software

1. Create peculiar 3D jewellery

If your business is associated with handcrafted jewellery, you will soon realize how jewellery design software is going to be incredibly useful.

  • Jewellery design software comprises of different kinds of jeweller-friendly tools that you can use to make fantastic 3D jewellery. You can even view this right on your computer screen.

  • These tools combine the capability of CAD with other modelling elements so that you can design the best pieces.

  • You can use this design to create in-house jewellery as well as send it for casting or modelling.

  • Along with this, jewellery design software enables you to create all sorts of databases, spreadsheets, and invoices.

2. Automate your jewellery manufacturing process

The jewellery manufacturing process can be complicated as it involves ample steps and requires tracking different materials in real-time. With jewellery manufacturing software, you can take over all the time-consuming tasks.

  • Some jewellery manufacturing software keeps track of every material used in the process and also maintains a chain of ownership. Thus, you can determine where and by whom the material was misplaced or lost.

  • It keeps track of job duration and also sends an alert if the job gets delayed. This helps you ensure that the employees complete the tasks on time.

  • With jewellery manufacturing software, you can automate every aspect of the manufacturing process as well as handle production inventory.

  • It efficiently distinguishes manufacturing jobs from repair jobs and maintains a separate record of repairing jobs.

3. Invest your time on important jobs

If you own a small or large retail jewellery store, you would be well aware that at times it becomes difficult to look into every aspect manually. Integrating good jewellery retail software can help you focus on what is more important for your business.

  • It creates a day-to-day management schedule so that owners’ involvement reduces by 50%.

  • To ensure security against frauds, jewellery retail software implements management checkpoints.

  • It eliminates silly mistakes made by operators that cost dearly to the organization.

  • Some well-developed jewellery retail software helps in Point-of-Sale, inventory management, order/repairing management, financial accounting, and more.

4. Keep a check on your Inventory

For the jewellery industry, it is crucial to managing small and large business transactions. As the price values depend upon the market rate, it varies daily. Hence, it is essential to have better operational efficiency and feasibility. The jewellery ERP software can be the best solution for this.

  • It helps users to retrieve the needed information quickly.

  • It provides the correct output with each transaction entry.

  • It is efficient to provide separate and different transactional modules for the transaction as per client's requirement.

  • Jewellery ERP software smoothes the billing processes and creates receipt formats for the clients that can be of use for compliance, taxation, and other future needs.

  • To track data effectively, it offers better strategic management tools.

  • Moreover, jewellery ERP software also benefits you with inventory management, stock transaction data management, operational performance, and reports.

5. Maintain your jewellery store’s accounts efficiently

Jewellery accounting software helps you organize accounts and inventory so that you can easily gauge the pulse of your cash flow. Besides, it is designed to automate time-consuming tasks.

  • It manages all your accounting tasks right from financial accounting to maintaining balance sheets.

  • It keeps a check on the cash and fund flow as well as ratio analysis.

  • Jewellery accounting software makes bank reconciliation and interest calculation fast.

  • It maintains GST returns, sales tax registers, and summaries. Moreover, you can also control ledger and bill-wise suppliers with jewellery accounting software.

6. Deploy an easy-to-understand billing process

With jewellery billing software, you can generate invoices with customer information and item images quickly. GST filing is also an integral part of jewellery billing software.

  • You can search for items with barcode, item code, or item name easily.

  • With card or point-based system, discounts, and schemes, you can attract potential customers to leverage maximum benefits.

  • Some jewellery billing software facilitates you to generate bills of multiple customers at the same time on a single computer.

  • You can integrate images of ornaments on the sales bill as well as your stock.

  • It maintains a customer database for future reference.

  • Jewellery billing software offers features like adjustment of old gold, advance payment, metal, and replacement.

  • It is also efficient to maintain stone, diamond, and making changes.

7. Manage your jewellery store like a Pro

Jewellery management software is designed specifically for a jewellery store. Getting the best jewellery shop software helps not only in improving business but also with several points that you need to work on for generating more profits.

  • Jewellery management software takes care of different departments of your store to ensure a smooth workflow and running of your business.

  • It helps in tracking inventory movements and sales.

  • With jewellery management software, you can automate SKU handling and integrate RFID tracking.

  • You can also automate product pricing with the help of jewellery management software.

  • It even helps in billing and invoicing.

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Frequently Asked Questions (FAQs)

  • Jewellery stores have a number of departments and it is a difficult task to streamline operations across all of them. Nowadays, firms utilize specialized jewellery software that helps to manage various aspects of jewellery designing, sales, and marketing operations. Here are some of the main elements of jewellery software:

    1. Inventory management and imaging
    2. Customer relationship management
    3. Automated alerts and notifications
    4. Metal and Stone Pricing
    5. Service and Ticket Management
    6. Compliance and Tax Reporting
    7. Sales Analytics
  • Most jewellery shops and manufacturing units are now relying on customized jewellery management solutions. They save time, money and effort, thereby lead to massive tangible and intangible long-term benefits. Here are some major advantages of jewellery software:

    1. Jewellery software enables designers to use 3D modelling and CAD capabilities to create innovative pieces of jewellery. This gives a competitive edge and boosts sales.
    2. Jewellery management systems automates all processes such as material supply, job repairs and sales tracking. This reduces time and enhances on-job efficiency.
    3. Jewellery software facilitates smooth task flow management and reduces error. This leaves managers with more time at their hands, thus enabling them to focus on strategic decision making.
    4. Jewellery management tools help with billing processes, generate invoices and store customer information for future reference.
  • Investing in jewellery software is a big decision for any organization. Here are certain key aspects to keep in mind while purchasing jewellery management software:

    1. Organizations should get jewellery software that is scalable and can be expanded easily.
    2. It should have advanced data security measures.
    3. Jewellery software should be customizable so that it can suit specific organizational requirements.
    4. Installation should be quick, easy and hassle-free. Jewellery management systems should be user-friendly, navigable and minimalistic.

Payal PatilBy Payal Patil | Last Updated: October 29, 2020

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