retail billing software, retail management software, retail software solution, Uncategorized

10 Must Have Retail Features on your Retail POS Software

1) Customer Management:
Customer Management module helps retailers overcome customer-related challenges, and achieve a truly integrated, holistic view of customers. It gives a unique ability to engage shoppers in a consistent and truly personalized manner across all sales channels and touch points. These Retail ERP modules collect data on your customers’ purchase histories, allowing you to identify your most valuable shoppers.
A good retail ERP software should enable acquisition, consolidation, cleansing and change detection for customer data derived from multiple online and offline sources – including:

• Shoppers’ personal and contact details

• Transaction history

• Demographics

• Lifestyle and shopping preferences

• Loyalty, self-scan and e-commerce data

Sales Screen_Retail365cloud

2) Sales reporting and Analytics
An actionable dashboard of your sales, orders, and traffic helps you make the right choices for your business. Real-time retail analytics will support your decisions on product portfolio, pricing and much more. Therefore, every modern Retail ERP software should provide reporting, dashboards and analytics in real time. Sales reporting and analytics functionality allows you to capture and analyze your store’s sales data. Not only does this automatically keep track of what’s selling well, it also shows how much revenue you’re making on each product. This allows you to identify and focus on driving sales to your top money-making items.
Your Retail ERP software should allow you create custom reports that can be exported for further analysis in your favorite spreadsheet tool or can be sent to your bookkeeper or accountant.

3) Rewards & Loyalty Programs:
Identifying regular shoppers is vitally important! According to one research conducted by Software Advice, two-thirds of respondents say they are likely to stop shopping at a given store if they aren’t recognized as loyal customers. Therefore, it is crucial for every modern Retail ERP software to provide Loyalty Management functionality.
This module should allow you to tailor various types of member programs that allow promotional and marketing schemes in lines with the major retail practices. Furthermore, it should enable building customer segmentation and membership levels (Gold, Silver, Platinum or any custom levels), a collection of points and to support RFID and barcode.
4) Product Management:
Every Retail ERP software, ever the basic ones should provide some kind of product management features such as: product master data management, product categorization, and product hierarchy. But most advanced retail management solutions provide a wide range of functionalities such as:
Product organization – Organize products by category, type, season, sale, and more. Use smart collections to automatically sort products based on vendor, price, and inventory level.
Product variations – Offer different versions of your products, such as multiple sizes, colors, materials, expiry dates and more. Each variation can have its own price, SKU, weight, and inventory.
Barcode support – Assign existing barcodes to products or create new ones. Quickly scan in your customer’s order using your wireless barcode scanner.
More advanced product management features: multiple manufacturers, product substitutes, product business partner relation, serial and lot number handling, product warranty management, product expiry handling, product lifecycle handling, product warranty management, product UOM conversion, product attribute sets, BOM products.

5) Inventory and Material Management:
An effective inventory management system results in a lean, empowered and responsible team, delivering consistently. Managing the quantity of on-site inventory plays a vital role in the success of your store. Your next retail ERP software should enable you to optimize your inventory levels, manage material movements, purchase-to-order, eliminate pilferage, manage the internal use and physical inventory changes, inventory valuation and much more. Moreover, it should enable sticker printing, material confirmation and quality control, material requisition, consolidation to purchase, returns management as well as various material management strategies.
Implementing Retail ERP software with inventory management functionality will give you a clear view into your stock in real time. Being able to identify and track items at specific levels such as size, season and color enables you to identify trends at your store and ensure that popular, in-season products are well stocked. This makes it easy to monitor and resupply your top-selling items, as well as to mark down low-selling products to phase them out.
6) Store and Warehouse structuring:
This feature practically means that your Retail ERP software should enable:
• Creation of any number of stores and warehouses with a link to each other

• Stores to warehouses assignment for automatic sourcing

• Divide warehouses into zones and locators for handling the materials management

7) Pricing and discount management:
Your next Retail ERP software should provide advanced pricing and discount management features that will automate some of the key processes in this segment. By doing so, the ERP solution will decrease pricing errors by 100%, improve the productivity of your team and keep customers satisfied.
A good Retail ERP software should provide the following features:

• Ability to create purchase and sales price lists

• Ability to manage any number of price lists and versions

• Ability to automatically generate sales price list

• Future Price Planning

• Automatic application of price list versions

• Business Partner wise Price lists report

• Ability to handle multiple product UOM with single price list

• Business Partner wise Discount Schema report

• Promotion management and promotional pricing

• Real-time pricing updates to the counters

• Special offers on categories, products such as: buy one get one, invoice level discounts, price discount schemas, etc.
8) Purchase and Supplier relation management:
A good Retail ERP software should enable you to set rules for procurement, region wise supplier setups for same products, central procurement with de-central deliveries and generate requisition manually or automatically. Moreover, it should allow you to set purchase approvals across various levels and manage multiple purchase price lists as well as invite suppliers for quotations. After you receive quotations from suppliers the system should provide an automatic quotation comparison tool.
Last but not least, every Retail ERP software even the basic ones should allow you to generate a purchase order based on requirements; match PO to receipts and invoice, and provide a clear view of your vendor relationship history.
9) Employee management:
Employee management is an important component of a well-run retail business. At the minimum, every retail ERP software should provide the following employee management capabilities: shift scheduling and time clocks, as well as ability to keep track of the hour’s employees are working.
More advanced Retail ERP systems can also assign sales commissions to employees. They allow you to monitor who’s working, how long they’re working, how much money they’ve brought in and how many hours they’ve worked in the current pay period. This last aspect allows you to monitor for (and reduce) over time.
10) Point of Sales (POS) System
Every comprehensive Retail ERP solution comprises a POS terminal in the front end that runs on all types of devices that support browsers. It should provide a friendly user interface that is easy to learn within a few days. Being directly connected to the remote server, the POS solution should work with a minimum level of data exchange and keep up the operations even if the connection breaks. Other important features are:
• Quick Processing Time
• Handles multiple tenders such as Cash, Card, On Credit, Gift Voucher, etc.
• Compatible with various barcode standards such as EAN8, EAN 13, GS1, Internally defined
• Handles variable weight products based on barcode and scale
• Can handle multiple decimal digits
• Push promotions directly to the counter
• Cash count
• Integration with a touch screen, barcode, receipt printer, barcode label printer, etc.
• Device management
• VAT management
• Commission management
• Campaign management

• Fixed assets management

For more details please visit our website: http://www.retail365cloud.com/ or directly email us with your requirement at business@cittasolutions.com

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retail billing software, retail management software, retail software solution, Uncategorized

Top Benefits of an Integrated Retail Billing Software

The sales increase in SALES by 20-30%
• Serve more customers at the same time with fast billing counters.
• Increase the number of customers through referral programs.
• Increase the average sale with cross-sale, up-sale.
• Increase the customer frequency (from once monthly to twice monthly).

account

Stock reduce STOCK holding cost
• Intelligent ordering system automatically calculates stock and order levels.
• Increase your return on stock up to 12%.
• Differentiating between inventory for seasonal and perennial sales.
• Analyzing fluctuation in sales for perennial goods month by month and arriving at OTB.
• Downsize SKU’s by effectively analyzing stock movement patterns (Fast, Slow, Nonmoving).

Staff devoted STAFF with high efficiency
• Quick train your staff with an easy-to-use intuitive interface.
• Effortless billing and accurate cash tally create confidence in operators.
• Effective sales incentive and commission programs.
• Employee scheduling to distribute jobs evenly.
• Integrated modules to wipe out job repetition.
• Increases employee satisfaction, while keeping the administration time and costs low.
Space Increased SPACE productivity
• Analyze per linear feet shelf space profitability for each category.
• Analyze the holding cost of inventory on a per square foot basis and lets you take on time decisions.
• Analyze the profitability of each category based on holding cost reallocate space to arrive at optimum space productivity.
• Reallocation space as per derivatives from above analysis to arrive at optimum space productivity.
• Creates a foundation for a successful and replicable model.

Customer loyal CUSTOMERS bring repeat business
• Stay connected with your customers with the effective use of loyalty program.
• Integrated SMS and Email.
• Loyalty points-based referral program ensures that your current customers refer and brings a new customer to your store.
• Create promotions to attract customers during lean seasons.
• Analyze their basket content and size and make a correct assortment of fresh products.

Margin maximized MARGIN with lower investment
• Analyzing fast moving and high profit contributing category, brand, and SKU is the key to an effective and regular flow margin to business.
• Define the time frame for re-ordering, returns of goods, sales & promotions, launches.
• Extensive use BI tools (Forecasting, Ratio Analysis, Margin Mix).
• Eliminate product categories that are killing profits.

Expenses reduce EXPENSES by 20-40%
• Analyzing petty expenses on a routine basis.
• Eliminate unnecessary routine purchases.
• Make more use of automated operations with less human intervention.
• Easily identify and streamline the areas for cost and purchase improvements.
• Forensically examine the potential business expenditure, shortage, and profit leaks.
• Analytically reviewing sales by day and time.

Suppliers happy SUPPLIERS offering extended credit
• Establish better payment cycle with your suppliers by effectively using payable analysis.
• Setup an effective re-order that ensures timely replenishment.
• An established purchase pattern was given to your suppliers also helps them to plan their supply chain management better.
• Efficiently negotiate special terms with suppliers based on sale, margin and stock patterns.

Administration powerful ADMINISTRATION that brings growth
• Ready-to-use real-time reports on-the-move.
• Powerful tools let you build a foundation for future.
• Easily automate and streamline business processes to deliver the best shopping experience to your customers.
• Security that controls and moves your business even when you’re away from it.
• A robust system that shoulders your responsibility and scalable technology that shares your vision for growth and expansion.

For more details please visit: http://retail365cloud.com or you can directly call us on +91-8140297820 or you can directly send us your query to business@cittasolutions.com

retail billing software, retail management software, retail software solution, Uncategorized

6 Must have Retail POS Software Features to Streamline Your Business

Retail store owners operate on tight margins and manage many moving parts. This becomes especially difficult to manage effectively when using manual methods. A point-of-sale system (POS) is a great tool to manage all these moving parts while helping to ensure customer satisfaction—but finding the right POS for a small to midsize business (SMB) is no easy feat.

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“POS can help businesses in a variety of ways, including managing inventory, providing customer management data, identifying opportunities and weaknesses in the store and much, much more.”

To help, Software Advice identified five must-have POS features to look for in a system. These features can streamline the management of your store and lead to more positive customer experiences.

We’ll also share advice from retail store owners who are using POS software successfully and highlight some of our own data on POS systems and retailers.

1) Sales Reporting and Analytics: Transparency into Data
Sales reporting and analytics functionality allow you to capture and analyze your store’s sales data. Not only does this automatically keep track of what’s selling well, it also shows how much revenue you’re making on each product. This allows you to identify and focus on driving sales to your top moneymaking items.
“With one click of a button, I can see what our sales were for that day, what our returns were and how we’re doing on inventory. The old way, without having [a POS], I’d have to look through all the data on the books and add it up manually.”

It’s this transparency and insight into your revenue drivers—which simply counting handwritten tickets can’t offer—that makes sales reporting and analytics a must-have for retailers.

Example: Sales Reporting and Analytics in Action
Lightspeed allows you to filter sales totals and is accessible from mobile devices so you can view your store’s performance from anywhere.

2) Customer Management: Attract Valuable Customers
Customer management capabilities enable retailers to proactively increase the number of high-quality customers. These applications collect data on your customers’ purchase histories, allowing you to identify your most valuable shoppers based on them spend. This offers an additional layer of transparency that retailers without POS systems simply can’t obtain.

Identifying regular shoppers is vitally important, which is why 37 percent of POS buyers that contacted retail365cloud Software are requesting customer management capabilities.

“There’s much greater intelligence around buyer behavior with these [POS] payment systems, it’s allowing merchants to get more control around buyer data. You start to layer on this new opportunity to understand who your customers are and build loyalty programs around them.”

It’s the ability to put a face to this buyer data and build customer profiles that Lankler sees as beneficial. These profiles allow you to easily store and manage customer purchase histories, contact information, and even loyalty points.

3) Inventory Management: Eliminate Manual Inventory
Managing the quantity of on-site inventory plays a vital role in the success of your store. Inventory management capabilities give you an on-demand window into your stock. This enables you to eliminate inefficiencies, such as manually counting inventory and digging through “the back” for a specific item.

Our buyer data shows inventory management is a must-have for retailers, as 82 percent of POS buyers we consulted request it.

Being able to identify and track items at specific levels such as size, season and color enable you to identify trends at your store and ensure that popular, in-season products are well stocked. This makes it easy to monitor and resupply your top-selling items, as well as to mark down low-selling products to phase them out.

4) Point of Sale: The Workhorse of the POS System
This last entry may seem obvious, but the software and hardware supporting the checkout process definitely warrant mentioning. Since checkout serves as the primary interaction between you and your customers, it’s critical that nothing goes wrong at this stage. A POS system reduces the potential for human error by automating such checkout tasks as item look-up and price calculation.

“With one click of a button, I can see what our sales were for that day, what our returns were and how we’re doing on inventory. The old way, without having [a POS], I’d have to look through all the data on the books and add it up manually.”

Key capabilities you’ll want at checkout include barcode scanning and receipt printing. These are the top-requested add-ons from POS buyers we advised, with 12 and 10 percent requesting them, respectively. Some systems come with the necessary hardware, while others require you to purchase it separately.

The speed with which retailer’s complete transactions needs to be taken into consideration.

Retail365cloud POS system has accelerated her checkout process and minimized mistakes by automating product identification and price calculation.

Cashier Live offers functionality to simplify your transaction process, including barcode scanning, inventory look-up, credit card processing and receipt printing.

5) E-Commerce: Online Stores Are a Must for Today’s Retailer
Given the rapid growth of digital commerce, retailers need to build their online presence from day one. An easy way to start out with this is by ensuring your new POS system offers (or at least easily integrates with commerce website capabilities.)

Unfortunately, only 12 percent of retailers reaching out to Software Advice are specifically requesting ecommerce capabilities as a part of their new POS system.

“We know from Google that 1.5 billion people every month visit a physical location that they searched for online, with three out of four visiting within 24 hours.”

We’ve put together a helpful article that highlights what brick and mortar retailers need to know for growing business with an online presence. A key point of the article is to redesign the customer experience to account for a greater online presence and point of purchase.

6) Purchase Process for Online Stores
e-Commerce has become a ubiquitous part of the shopping journey, meaning that having an online store is no longer a “nice-to-have” for retailers. It’s a must-have to stay competitive and achieve business success.

What’s the Next Step?
We know selecting a POS system can be an overwhelming process. That’s why our team of retail management software – retail365cloud provide free phone consultations at 8140297820 to help you build a shortlist of POS systems that are a good fit for your business. Let them help you choose a system with these five must-have tools to simplify and streamline your store operations—and help your business grow.
Other options for getting a POS system and gaining an edge include:

Visiting POS or e-commerce buyer’s guide for detailed information regarding more specific features and capabilities.

Explore user reviews for retail and e-commerce software. Your peers have left you a great resource, so take advantage of their experiences and thoughts on specific retail software.

For more details please visit: http://retail365cloud.com/ or you can call us on +91-8140297820 or you can also directly mail us at business@cittasolutions.com with your details and Inquiry.