Five Amazing Software That Can Improve Your Retail Business




In 2018, the online payment processing software industry was valued at $21 billion in the US, growing at a rate of 8.9% per annum. To run a successful retail business today, you need to provide the right customer experience, complete with innovative software that will make a seamless experience for your consumers.


Five different types of software can significantly improve your retail business.


  1. E-Commerce software

  2. Inventory control software

  3. Payment processing software

  4. Retail management software

  5. Retail ERP software


E-Commerce Software


This software allows a business to sell products and services online. It also lets online store owners add and remove products, fulfil orders, process payments etc. There are two types of E-Commerce software - on-premise and software as a service. 


Inventory Control Software


Inventory control software is a system that handles the tracking, managing and organising of product sales, material purchases and other production processes. This software type uses barcodes, QR codes, RFID tags and wireless tracking technology to support inventory tracking and control.


Payment Processing Software


This software connects E-Commerce sites through a virtual terminal with other payment systems that accept several payment methods. It provides a secure platform accessible by a point of sale machine, also called a GPRS POS machine. This platform communicates with the user’s bank to accept or reject a transaction.


Retail Management Software


It is a platform that contains integrated tools that retailers can use to operate their businesses. It can include tools for inventory management, point of sale and customer relationship management. They help streamline transactions and increase efficiency.


Retail ERP Software


Enterprise resource planning (ERP) software is a business management tool that integrates data and related processes across an organisation. It collects, stores, manages and interprets data from different business activities and departments in a particular location. ERP software helps optimise profitability and business workflow.

Comments

Post a Comment

Popular posts from this blog

NFC Payments: You should to Know About Contactless Payments

Image
  Have you heard about NFC payments? With Apple Pay and Google Pay entering the market and tap-to-pay credit cards available, using both your phone and your wallet to pay for goods is easier than ever. Did you know that NFC-driven payments, such as Apple Pay and Google Pay are fast becoming a preferred consumer payment method? Don’t believe us? Check out this video to learn more: Eliminate the last remaining physical barrier between your customers and a completed payment by embracing NFC-enabled payments. Check out our resource to learn more about the factors driving this emerging payment method and where your brand fits in: Want to know why checks and payments feel like they belong in the Stone Ages? NFC technology has the answer. People are using this super-fast, highly-secure technology at checkout counters all over town. Learn more about what NFC can do for your business today. Read also: https://alamspy.com/benefits-of-bharat-qr-code-and-how-it-benefits-your-business/ Did you ...
Read more

Grow Your Business With A Wireless Pos Machine

Image
  If you have ever had a business that involved taking payments, than you already know how incredibly important it is to stay in touch with your processors. Most business owners have either used wired connections to take payments or some type of mobile device that was not truly mobile. Enter the pos machine. This wireless device should offer you all of the same access to your processor as the wired connection, but with the mobility to go anywhere and conduct business. The wireless pos machine is easy to use and enables customers to pay for services using a credit card, debit card and optionally using cash. The machine can be used on its own or connected to PC or tablet. After connecting the device to a computer it becomes a full functional POS system with all the necessary software installed. It enables the user to operate business in all possible directions: sales, accounting sale, goods receipt and other operations. How Does Wireless POS Machine Work? The wireless pos machine al...
Read more

NFC Impact on Our Lives

Image
You can already do a lot with your mobile phone—play games, surf the Internet, watch TV shows. Now with NFC on mobile you can make payments without a wallet or credit card. Just tap your phone to pay! It's convenient, easy to use, and works with more than just payment systems. Plus, it's more secure than using a credit card. Welcome to the world of NFC in mobile . NFC payments, or near field communications (NFC), is a payment process involving the transfer of data via radio waves. NFC payments are generally more secure than credit cards, and can be used on different machines like smart phones, tablets and devices across retail outlets. SIBYO has launched Mifare Plus IC Card with NTAG203, which works with NFC in mobile payments and offers more flexibility in encryption capacity.       Having a wallet is a hassle, and having a smartphone is convenient, but it's even easier to use NFC-enabled payment systems with Smartwatches. Samsung SM-R760 NFC, or Near Field Communicati...
Read more