Why Modern Pharmacy Software Matters

Stay competitive with modern technology. Modern technology is all about efficiency and speed, and an updated technology stack can dramatically boost your pharmacy’s competitive advantage.

Current technology is specifically built to increase efficiency, enhance functionality, improve security, and elevate the customer experience. In today’s fast-paced environment, it’s crucial to stay up to date with the latest software, systems, and tools.

Technology is an investment, but modernizing can save you money in both short- and long-term scenarios, reducing risk and improving productivity. A “we’ve-always-done-it-this-way” mindset that every business can easily slip into often prevents teams from considering if there are different, more innovative ways of getting the job done.

Let’s look at areas where innovative technology can help give your business an edge:

  1. Operate better, faster, and more efficiently:

    New software is often designed for your specific market, with efficiency top of mind. Using leading-edge software and systems can speed up existing processes or allow new, more flexible ways of carrying out current cumbersome tasks.

    Optimally built to account for your current industry needs, modern technology allows for seamless and consistent updates that:

    • Ensure compatibility with other programs you and your customers use
    • Keep you compliant with regulatory changes and requirements
    • Offer new and improved features for micro and macro efficiency gains
  1. Trust your technology is up to date:

    As technology advances and business processes evolve, new features and capabilities are developed that can significantly improve business operations. By keeping your technology up to date, you can take advantage of these new capabilities faster than ever before.

    Modern software development with advanced architecture allows for faster development cycles. Enhancements, new features, and fixes are pushed into your pharmacy management system consistently, with no effort on your end.

    You have enough day-to-day concerns when running a pharmacy. Your pharmacy technology should not be one of them.

  1. Reduce risks with modern security:

    Cybersecurity threats are constantly evolving, and it’s important to keep your systems and software up to date to protect against these threats.

    By selecting a technology provider that knows your industry and ensures regular updates to your technology stack, you can reduce the risk of a security breach and the potentially devastating consequences that can result, including financial loss and damage to your reputation.

    Outdated software leaves you vulnerable to human malice and system failure. Modernization can be a vital step in maintaining the health of your software ecosystem.

  1. Give your customers what they expect:

    In today’s digital age, your customers expect a seamless and convenient experience when interacting with your pharmacy. By selecting a modern technology partner, you can meet these expectations and provide a better overall customer experience.

    Give your customers access to the tools and information they demand, like a modern web facility portal and state-of-the art accounting solutions.

    The benefits of advanced, purpose-built technology can boost customer satisfaction both immediately and incrementally over time as your customer needs evolve.

  1. Position yourself ahead of the competition:

    By staying up to date with the latest technology, you can solidify your business as a leader in your industry and maintain a competitive advantage. Customers and clients are more likely to choose a business that is using modern, reliable technology over one that is using outdated systems.

    A survey by B2B International found that 80% of business decision-makers said they would be more likely to consider a company that demonstrates up-to-date technology in its operations.

    • Win new business with integration and interfaces to eHRs, ePrescribing software, automated/compliance pharmacy packaging, remote dispensing, and eMARs.
    • Retain that business with tools your customers expect like a modern web facility portal and workflow and delivery management tracking.

Online Pharmacy Software

Of course, keeping your technology stack updated and modern also requires an investment of time and resources. It’s important to carefully assess your business needs and choose the technologies that will have the greatest impact on your operations.

One way to ensure your technology stack stays modern is to adopt a cloud-based infrastructure.

A recent survey by the Cloud Security Alliance found that 70% of organizations using cloud-based infrastructure reported an increase in efficiency and a reduction in IT costs. Cloud-based systems also allow for more flexibility and scalability, as you can easily add or remove resources as needed.

Regardless of how you choose to update and modernize your technology stack, it’s important to have a clear plan in place. This should involve evaluating your current technology, identifying areas that need improvement, and researching and testing new technologies to determine their suitability for your business.

Modern technology will affect the future of your pharmacy and the pharmacy industry overall.

Our team is ready to help and discuss with you how Axys’ cutting-edge technology stack can improve your business and ready it for future change.

Reach out today to learn more about Axys.