If you operate a medical device distributorship, you understand the unique challenges that come with it:
- complicated commission structures
- manufacturer contracts
- complex inventory management
- a constant influx of purchase orders and payments
- representative expenses
However, achieving financial clarity as a medical device distributor doesn’t have to be elusive or stressful. While QuickBooks might be a good starting point, as the business grows, it often only scratches the surface for most medical device distributors.
At Bright Balance, we have witnessed many clients struggle with the limitations of generic accounting tools and accountants who don’t understand their specific needs. That’s why we’ve teamed up with platforms specifically designed for your industry, such as Surgicloud.
Why Surgicloud?
Surgicloud is tailored to meet the unique requirements of medical device distributors and manufacturers. Think of it as your case management intelligence system that integrates seamlessly with QuickBooks, allowing you to focus on growing your business instead of just managing numbers.
What does financial clarity for medical device distributors look like?
1. Accounts Receivable & Collections
Say goodbye to endless spreadsheets. Surgicloud tracks cases, contracts, and outstanding purchase orders—all fully integrated with QuickBooks. You will know exactly which invoices are open, which hospitals owe money, and when to follow up for faster payments.
2. Rep Commissions (Without Headaches)
Eliminate manual calculations and potential errors. Surgicloud automatically calculates commissions and ties them to actual cash received. This provides real control over your cash flow and delivers the financial clarity that brings peace of mind to medical device distributors.
3. Smart Inventory Tracking
Manage stock and bill or pass through inventory effortlessly with real-time tracking, even on-site during surgeries. Tablets make reordering and tracking simple, ensuring your team is always prepared.
4. Real-Time Metrics & Dashboards
Consider adding more details about real-time metrics and dashboards for a comprehensive understanding.
With Surgicloud, you can achieve the financial clarity and operational efficiency essential for thriving in the fast-paced world of medical device distribution.
By integrating Surgicloud with QuickBooks, you can unlock instant, visual insights into profitability, whether by manufacturer, surgeon, sales representative, or territory. Bright Balance can assist with the rest
Get Answers, Not More Questions
If you’re uncertain about where your margins originate, which sales representatives are driving growth (or stagnation), or whether your business relies too heavily on a select few surgeons or hospital systems, you’re not alone. Many medical device distributors face similar challenges. Streamline your entire operation with Bright Balance expertise
The solution? Those who achieve true financial clarity are the ones who collaborate with industry specialists who understand the nuances of the field and possess the right technology.
Running a medical device distributorship is challenging enough; achieving financial clarity shouldn’t add to your burdens. Partner with a team and technology that understands your business and can help you see the full picture every day. Bright Balance isn’t just your accounting team; we’re your industry partner. We help you onboard Surgicloud, unlock its best features, and connect the dots between operations and financial success.
Curious about how this could work for your distributorship? Contact our Dallas office for a complimentary CFO consultation to explore the benefits of Fractional Accounting with Bright Balance today!
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