Online Munim Alternative: E-Ratna vs Omunim
Online Munim (also sold as Omunim) is one of the most-searched jewellery software names in India, with about 320 searches a month. If you are comparing it with other options, this page sets out plainly how it differs from E-Ratna, and when Online Munim is the better choice.
Disclosure. We make E-Ratna. Facts about Online Munim come from its public listings, linked at the end. Prices change, so confirm them with the vendor.
At a glance
| Online Munim | E-Ratna | |
|---|---|---|
| Made by | SoftwareGen, Pune | S N Digital Solns Pvt Ltd, Mumbai |
| Built mainly for | Retail showrooms and small wholesalers | Diamond traders, exporters and manufacturers, plus retail |
| How it runs | Cloud | Cloud |
| Published price | ₹7,670 to ₹31,624 a year, excl. GST (Techjockey) | From US$2,500 one-time licence, first year of hosting included |
| GST and HUID | Yes | Yes |
| Karigar issue and receive | Yes | Yes, with job bags and metal loss on every job |
| Gold loans and udhaar | Yes | Girvi and savings schemes |
| Diamond grading, certificates, Rap pricing | Not a focus | Yes |
| Memo with part returns | Not a focus | Yes |
| Multi-currency and export | Not a focus | Yes, with export under LUT |
| Rating | 4.4/5 from 28 reviews (Techjockey) | New product, no public reviews yet |
Where Online Munim is strong
- Low entry price. Yearly plans start at about ₹7,700, which is hard to beat for a single showroom.
- Retail flow. Billing at the daily gold rate, KYC, barcode and RFID tagging, udhaar and gold loans, and GST reports.
- Track record. It has many users and reviews, which E-Ratna, as a new product, does not yet have.
If you run one or two retail showrooms and price is your main concern, Online Munim is a sensible choice.
Where E-Ratna is different
- Diamonds as first-class stock. Every stone carries shape, carat, colour, clarity, lab and certificate. Search by any grade, and value the whole stock at today's prices.
- Memo and consignment. See what is out with each broker or buyer and for how long, take part returns, and turn what is kept into an invoice in one step.
- Rapaport-linked pricing. Price matrices and discounts, with a whole lot repriced in seconds.
- Manufacturing. Diamond manufacturing from rough lots and kapans to polished yield, and jewellery manufacturing with job bags and karigar metal loss.
- Selling abroad. Invoices in the buyer's currency, export under LUT, and a team with offices in India and North America.
Price over five years
Online Munim is cheaper to start. E-Ratna is a one-time licence: from US$2,500 for diamond trading to US$5,500 for jewellery trading and manufacturing, with hosting, updates and support included in year one and charged yearly from year two. See pricing for every plan.
Compare the full five-year cost, including extra users, branches, setup and training, not only the first-year price.
Which should you choose?
- Choose Online Munim if you are a retail showroom or a small wholesaler who mainly needs fast GST billing, gold loans and a low yearly price.
- Choose E-Ratna if diamonds, memo, manufacturing or export are a real part of your business, or if you trade in more than one currency.
For a wider view, read our comparison of the best jewellery software in India.
Sources
- Techjockey, Online Munim Jewellery Software: plans, features and rating.
- SoftwareSuggest, Best Jewellery Software in India.
Want to see E-Ratna with your own stock? Book a free demo.
