What is a Modular Business Management Application (or MBMA)?
Many people are beginning to implement and utilise the ever growing number of mobile applications, such as iPad POS systems or specialised invoicing apps, to help run and manage their business.
These applications are usually small and limited in their capabilities, only controlling one facet of a business, for example, the point of sale, or to manage inventory, or handle the accounting.
MBMAs represent the next generation of business management technology.
They are built containing modules, which are essentially apps contained within a larger application, which work together to create an extremely powerful and complete business management tool.
By definition, an MBMA would contain an array of modules, such as a point of sale, inventory management, and accounting, which work in conjunction with one another to handle every aspect of a business.
Modular Business Management Apps need no integration and should encompass a module for every business requirement, from staff management to a comprehensive CRM.
Tillpoint is the first application which meets the definition of an MBMA, complete with over 20 useful modules, including a feature-rich POS, an extensive staff management system, and a specialised Promotions module, allowing you to create custom loyalty programs, offers, and gift cards for your customers.
Each module is dedicated to managing a certain part of a business, automating a number of back office functions related to admin, services, and human resources, freeing up more time for you to focus on other areas, such as management.
What’s the Difference Between a POS, ERP, and MBMA?
There are a slew of names and acronyms one must remember when it comes to the world of business management apps; POS, ERP, and CRM, for example.
An MBMA (or Modular Business Management App), however, encompasses all of these smaller applications which are required for total business management, and should help eliminate confusion when it comes to choosing which app to use.
Why download a simple point of sale app when it’s possible to download an MBMA, which has one contained within in, for the same price?
Tillpoint’s POS module, for example, is highly extensive, and comprises less than 5% of the entire Tillpoint application.
ERP, or Enterprise Resource Planning, is a term which describes software that manages various areas of a business such as purchasing, planning, and sales - among others.
Sound familiar? The term was first coined in the early 1990s. Technology, however, has vastly changed since then, particularly in regards to computing, making huge leaps in terms of processing power, functionality, and capability.
The phrase, Enterprise Resource Planning, is outdated, non-inclusive, and nondescript of an application such as Tillpoint, and therefore a new, more accurate description is required.
Definitions must evolve alongside the tech in which it describes.
Interconnected, Not Integrated
One of the key differences, one that defines a Modular Business Management App, is a lack of a need for integration.
A true MBMA has everything a business needs in one place, with each module being interconnected and working as one under a larger framework.
An increasingly growing problem with many iPad business management applications is the necessity to integrate with other apps due to a lack of functionality.
For example, many POS systems, such as Vend or Revel Systems, are partnering with accounting apps, like Quickbooks or Xero. This trend is unlikely to continue due to the increasing number of issues associated integration.
Applications which were originally designed for a specific function, or to manage a single business operation, will run into problems when forced into compatibility with one, or more, separate apps.
These applications, which were developed by different companies, for different purposes, and coded by different programmers, were not meant to work as part of a bigger unit.
A huge issue when integrating is the general a lack of responsibility regarding which company is at fault when a complication arises. Company A blames Company B for the integration failure, and vice versa.
As you already know, applications require constant updating in order to eliminate software bugs, maintain functionality, and generally improve.
This is a good thing for individual apps, but can be disastrous for integrations.
A slight change to an app’s code, for example, adding something as simple as a new data field, or marginally changing the way in which data is stored, can cause a complete breakdown regarding integration.
This only has to happen to a single app for a breakdown to occur.
More integration means more risk.
The result of which could be the closing down of business operation until the issue has been solved, which you would, of course, have to wait for via another update.
Another big problem with app integration is security.
For an integration to be maintained, the apps must constantly supply one another with information, and these connections are, unfortunately, open to exploitation.
If one were to be compromised, they would all become unsecure. An MBMA, however, is interconnected, not integrated, which provides another, significant level of security for all of your customers’ sensitive information.
Tillpoint, for example, uses a vast network of interconnected modules which relay information between one another, eliminating the possibility of being accessed from an outside source.
Get More for Your Money
The average cost of a simple, one-paged point of sale application will set you back approximately £55 per month, and that’s not even taking into account setup costs, hardware expenditures, and most importantly, the obscure, but highly expensive, license fees, which aren’t advertised on any of the leading vendors’ websites, and are only disclosed to users after signing up.
If your business requires more than a POS, then you will be forced to purchase and pay for other apps, which also operate under monthly subscription pricing models, in conjunction with the point of sale.
Tillpoint houses a number of modules, all of which can be found in our features page, that are all included at no extra cost.
This reduces the number of payment streams from many to one, saving users a great deal of responsibility and, perhaps more importantly, significant outlays.
Scalable by Design
Due to the modular design of MBMAs, such as Tillpoint, people and businesses need only use the modules or features they require.
A small store may only need a POS, inventory management, and accounting.
As the business grows, Tillpoint can grow with it. At which point the decision might be made to start using the CRM and staff management modules.
A Modular Business Management App has something to offer businesses of any size, from sole traders, to SMEs, to enterprises.
As mentioned previously, users will be able to access all of Tillpoint’s modules on every pricing plan, even the free one!
We believe this makes it fairer for smaller companies with limited budgets, offering them the opportunity to better compete in the marketplace.
More Time to Run Your Business
There should be, without question, no doubt regarding the reliability and competency of any system used to help manage business operation, whether that be a point of sale, CRM, or any other kind of business application.
A stable MBMA can provide that reassurance, and allow you more time to focus your efforts into providing a better service for your customers.
Tillpoint was designed to nullify the stresses of business management, allowing things to run as smooth as possible, with all facets of your business taken care of through the use of each of our very comprehensive and dedicated modules.