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5 Reasons Why POS Software Is Essential For A Business?

If businesses today want to stay ahead in line, they need to make sure of factors that will save them time and fortune. Retail businesses have to take care of ample processes, like procurement, inventory management, distribution, GST, billing etc. But it’s not possible for the entrepreneur to look after every little detail. That is where the POS system comes into the picture. 

POS software for small businesses has many advantages, including better sales and performance. 

There exists some very good POS software like Ginesys that you can think of using to leverage high growth. But what are the reasons for including them? Let us have a look at the top 5 of them - 

Saving time and money

The turnout at a store which has POS software is much more than that of one that doesn’t. It is because nobody likes to be kept waiting when they are buying. Customers save time and so do the staff. With the greater speed of billing, the staff is able to achieve the sales target as well. You don’t have to scale your hiring to accommodate customers at the billing desk when you are able to save the time by just deploying one POS system. 

Get valuable insights

Your absence in the store will still keep you in the loop of what is going around with the stocks and sales. The database that a POS software has will give you a brief of which items are best sold or the status of inventory. You will be in the loop constantly. 

Better control over inventory

Manually managing the inventory leaves room for a lot of repeat work and human errors. Inventory management is done well via POS solutions. They have the most real-time data that you can use to keep a track of the stocks that are there and are required to be ordered.   

Data security

POS software is the data hub of businesses. And with the complex algorithm used in today’s systems, it requires powerful access authentication capabilities to avail those data. Ginesys levels up this security with session controls, supervisor controls, and even authenticated digital wallet transactions.

Better customer experience

The POS systems are made keeping in mind the ever-changing customer demands. Starting from orders and layaways, credit sales options, sale and exchange in the same billing, SMS alerts, and even the features of using credit notes or loyalty points, everything adds up to customer retention as well as increasing the base.

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Features That Make Our ERP Software the-Best in the market

Especially, if you are a fashion and lifestyle brand, ERP solutions can be of utmost need and importance. For such cases, you will only have to go to one place and that is Ginesys. Ginesys understands fashion and lifestyle brands to its core because of its experience and curates POS solutions that will work best for you and your brand.

ERP software is like the extended helping hand for all your business solutions. Businesses today cannot only run on the factor that you have the resources and the capital. You need to have technological back up so that your business is relevant. POS software provides the kind of solution that you will need at the various steps of carrying out your business. 

POS software benefits comprise getting your cashing and invoicing done at a lightning-fast speed. Good POS solutions ensure that no client returns unhappy. ERP software not only looks at including POS solutions but also includes procurement, R&D, distribution and so on. 

POS software features need to match up to the requirement of your business. You will need to look for ERP software which makes your business relevant and up in the current times. Ginesys is one of the most efficient ERP software available in the market. They have a good reputation especially in the eastern India market because of their association with big fashion and lifestyle labels. If you want to choose a reliable ERP solutions provider, you must look out for a company that will grant you services based on your business. If it is retail, Ginesys will fit you perfectly. 

The benefit of having Ginesys on board is that you will always have a clear road map given so that you are not in the dark about the developments and upgrades the software will bring to your business. Ginesys is a retail software that looks into all processes that a retail business requires. 

Ginesys is the recipient of business awards by Economic Times and is recognised well for its solutions. During its tenure till now, it has been  successful, leaving its mark with the innovative and breakthrough retail solutions. Today, many businesses are reaping the benefits of Ginesys’ remarkable deliverance. 

The advantages that Ginesys brings are-

• It has more than 500 customers

• Has over 20,000 users

• Has less than 1% attrition

• Easily reachable

• Activation within no time

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How can ERP software help a retail business?

Any retail business has many stages that need assistance with. Manual handling of such processes has the scope of any human error. In today’s businesses, any error means losing out on a competitive advantage. A retail business has processes like procurement, distribution, production, R&D as well as GST. For all these functions, for any business, it is difficult to do it, especially in a supermarket setup.

Supermarkets are the new convenient go-to place for customers to fulfil their needs of material to make purchases. Supermarkets are preferred for their fast services and good stocks. The only way through which such supermarkets are able to function well is by the assistance it gets from retail ERP software. ERP stands for Enterprise Resource Planning which is basically making a blueprint of the kind of functions that an enterprise needs to undertake to ensure its smooth running. 

An ERP software for the retail industry is extremely beneficial especially to ensure the kind of fast and superlative experiences that the customers want from them. In supermarkets, the biggest advantage that it has over other forms of markets is that the billing process, especially, is very fast. Another advantage is the number of stocks. To ensure the kind of stocks and fast billing, ERP software is the best solution. But make sure that you only trust the most warranted ERP software for your retail business. 

If you are looking for a supermarket ERP software, then Ginesys would be the best option for you. Not only would it help in processes like procurement, management and billing with its POS (Point of Sale) solution but also share an open road map so that you have a clarity on how the course of action will be planned out. 

What makes Ginesys so reliable is the acclaim that it comes with. Ginesys is listed at rank 18 in the tech industry under India’s Growth Champions 2020 by Economic Times and Statistica. Ginesys is also the proud recipient of the Economic Times Bengal Corporate Awards 2020 for Excellence in Business Performance.

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Which is the best retail inventory management software available in India?

The POS solution and retail management system by Ginesys is the best you will get in the country. You don’t need unwarranted mistakes at the inventory. Many businesses suffer huge losses just because they missed managing their inventories well. Any business cannot afford to lose over the basic tenet of it. They are the lifeline of your business and you must vouch for only the best to seek quality. Ginesys understands what inventories mean for businesses and provides solutions accordingly. Plus, they are very easy to reach out. With all these perks, you should definitely give it a go.

Are you bugged by the several middlemen at the inventory management? Is your business suffering because of the poor retail management system? If only these are your concerns then you need to seek the right kind of solutions. The answer is not to rely on any manual job but software. 

Being in the retail sector, you should be prepared to deal with the uncertainty of the demand rise and fall. Predicting demand in the near future and keeping your inventory ready to meet those demands are one of the best tactics to stay ahead of the competition. Because, everyone in the industry wants to cash in on the rising trend and you don’t want to fall behind it. Now, it is very well known that managing an inventory is tedious. But technology has got answers to all so why not try it out for some help? 

There is plenty of retail management system software out there that will help you with your inventory tab. One of the finest software which really will benefit you is Ginesys. Ginesys is a POS software which offers retail management system among a myriad of its other products. It is listed at rank 18 in the tech industry under India’s Growth Champions 2020 by Economic Times and Statistica. Ginesys is also the proud recipient of the Economic Times Bengal Corporate Awards 2020 for Excellence in Business Performance. 

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Top 3 features in a POS software to look for amidst the new normal

A modern POS software is more than just a cash register in a technology driven world. The systems are evolving and they offer advanced features that streamline retailing and help businesses increase their brand value.

With retailers facing many challenges to stay afloat in the midst of the pandemic, mPOS solutions have become a game-changer. The mobile point of sale software has become an inevitable part of every retail store that wants to scale its business amidst the pandemic. They offer features that potentially assist businesses in staying afloat in this new normal.

The retail sector during COVID and the need for a POS System

The retail sector is an economic heavyweight: on average across OECD economies, about 1 in 12 workers are employed in retail, and the sector accounts for almost 5% of the GDP.

This massive industry has been affected due to the phases of lockdowns imposed across countries and states along with the social distancing norms that retailers needed to follow. Customers have moved to online shopping channels and the brick and mortar stores have suffered. In such situations, retailers must adopt innovation and new ways to help them provide an enhanced customer experience, drive more customers to the stores and make them feel safe.

A retail POS software can do that for you with great efficiency. You need to choose the right POS software for your retail store with features that cater to business specific needs amidst the pandemic.

Here are the top 3 features to look for in an mPOS before you choose one.

Choose the mobile POS system that integrates with mobile devices and cloud services

Long queues in front of billing counters are not only risky for customers amidst the pandemic but also violate the social distancing norms that every retail store must follow. A POS software that works on your PC or laptop only at the billing counter can never eliminate queues at the billing counter, especially during peak hours or on weekends.

You must look for a mobile point of sale that seamlessly integrates with your existing systems and works smoothly on your mobile phones and tablets. It must offer you robust cloud services that will help you draft bills for your customers from any point at the store. Look for a mobile POS system that collects the bill amount from your customers through digital transactions completely eliminating crowds at the billing counters.

Get a mobile POS system offered by one of the most experienced players in the arena, Zwing from Ginesys, is a cloud-first mobile POS, which will help you streamline your billing process and enhance overall customer experience amidst the new normal. Talk to the experts and learn how you can benefit from their offerings.

Read more about three basic features that a good POS system software must have for your business to grow.

Choose a mobile POS system that boosts Billing processes

After adopting a mobile POS system that helps you bill from any device at any time, you need features that can accelerate your billing processes. The faster you can bill, the more customers you can deal with.

Look for features in a mobile point of sale software that can track your products, customers, price and the offers with ease. Get a mobile point of sale system that can automatically track your customers' IDs registered at your stores and help them redeem their points instantly.

Zwing from Ginesys offers an advanced mobile POS system that offers you a highly agile interface and dashboard to conduct your billing process with the highest accuracy and efficiency. This reduces the time taken to bill customers, keeps a minimal crowd in your store, lets you sell more and enhances the overall customer experience at the same time.

Choose a mobile POS system that streamlines Inventory Management and helps gain more profits

The pandemic has brought on huge losses and a capital crunch for retailers worldwide. The number of people visiting stores to buy products have dwindled and purchasing power has also decreased significantly. In such a situation, retailers must understand demands in the market and stock up inventories accordingly. A mobile POS system with its analytical features can help retailers track the sales of products, how they are performing and decide which products to have in their store and which ones can be stocked later.

For example, if a particular product is selling more than expected, retailers would have clear visibility of it and can then make better decisions. This will ensure that customers get what they need, augmenting trust and ensuring recurring visits and sales for retailers.

Zwing takes care of complete inventory management along with billing.

Ending Notes

There are many other crucial features to be considered before adopting a mobile POS system. Talk to the experts to get a detailed overview of the best mPOS solutions available in the market and how you can benefit from them.

Book a consultation with experts.

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How to Pick the Right Retail Management Software

In this highly competitive market landscape, retail businesses are always on a lookout to improve their efficiency and cost model. To stay a cut above the rest in this rapidly growing market, retailers are shifting towards adoption of newer technologies to drive growth and profitability. The accelerated adoption of retail management software has paved the way for retailers to manage fluctuating consumer aspirations and build a convenient retail business landscape.

Choosing and implementing retail software solutions is not a cakewalk. How should retailers understand what is the best software for a retail store? There are endless options with a host of brands and vendors offering retail management systems to businesses to make their life easier. But there are a lot of factors that come into play when decision makers finally consider investing in a retail management software that will be the best fit for the particular type of business.

The Need for Retail Management Software — ERP for Retail Industry

As retail businesses start to scale and venture into newer dimensions like online marketing of products and app-based sales, they need a software solution to take stock of their entire business process. With retail ERP solutions, understanding and managing every aspect of the business has become easier for retail business owners.

Here is why your retail businesses need ERP software — 6 Signs that you Need a Retail ERP Software

Enterprise Resource Planning (ERP) allows retailers to consolidate all the data from all disparate departments and store locations into one single database. Here is a list of retail verticals that retail ERP software seamlessly takes care of without the need for manual efforts:

1. Retail planning with insights into key performance indicators

Modern Retail ERP software provides retail businesses with the metrics required to understand the overall business performance. With proper analysis of the key performance indicators, retailers can plan a better business strategy.

Learn more about Retail KPIs and metrics — What are the top 10 KPIs for your retail business and how you can track them.

2. Streamline operations for proper store management

Merchandising, deciding the store layout and product arrangements are a crucial part of the retail business. Retail ERP software helps to ease retail management by managing inventory, sales, revenue and workforce.

3. Inventory management across channels

Merchandising, deciding the store layout and product arrangements are a crucial part of the retail business. Retail ERP software helps to ease retail management by managing inventory, sales, revenue and workforce.

4. Supply chain and warehouse management

At the warehouse, operations can get messy. By incorporating a retail POS system and retail ERP, business owners can have a consolidated view of every warehouse operation. The right retail POS software also helps retailers with distribution and franchise management, thus removing any supply chain bottlenecks.

5. Forecasting product demand based on past sales and seasons

In the retail business, product demands fluctuate depending on the seasons and customer preferences. Retail ERP software is a smart tool to incorporate in the business landscape to understand and determine which products will be sought after in the following season. This way, retailers can plan ahead and stock up the necessities.

6. Customer management with pro-shopper capabilities

Merchandising, deciding the store layout and product arrangements are a crucial part of the retail business. Retail ERP software helps to ease retail management by managing inventory, sales, revenue and workforce.

7. Finance management

Retailers need to manage their finances and have their business financial health at their fingertips. With the help of a retail ERP system, retailers can keep track of the business cash flow through the centralized database.

8. Database integration

The retail ERP software is the central hub of the entire business. Every aspect of the business — finances, inventory, sales, employee and customer management — can be tracked and monitored using modern retail ERP systems.

Learn more about Retail KPIs and metrics — What are the top 10 KPIs for your retail business and how you can track them.

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Retail Management Software — Best Features to Look Out For

1. Analytics and Reporting

With the dynamics of the retail ecosystem changing every day, retailers need to look for new ways to stay on top of their business transactions, inventory availability and sales performance. Modern retail management software provides detailed analysis reports of the key performance metrics, allowing retailers to have a bird’s eye view of the entire business performance. When looking for retail management systems that support retail POS software and retail ERP systems, go for the solutions with the following offerings:

Retail management software providing insights into the month, store and product-wise performance reports

Retail POS system and ERP software for the retail industry that gives retailers a comprehensive view of productivity, employee efficiency, and revenue

Retail management software that lets the retailers keep tight control across all the margins by offering detailed insights into products, stores, and vendors that are causing losses

With price-point analysis on your fingertips, retailers can make almost accurate forecasts and chalk out better business plans and roadmaps. Look for retail management software that provides you with an ample amount of data needed to understand where your business stands in the market and thus make optimize planning.

2. E-Commerce Integration

The sales channels for retailers are now not just limited to the traditional brick-and-mortar stores. With businesses taking to the internet, retailers too have expanded their sales horizons shifting towards online sales and e-commerce. Retail management software comes integrated with e-commerce channels to help retailers manage all the sales channels through a single system.

Invest in retail software that offers online inventory sync, dashboards for an integrated view of the business performance across all channels. Your retail management software of choice has to conform to the idea that the retailer has to be where the customers are and not vice versa. Go for retail management systems that lets you manage mobile apps, websites and physical stores from one single platform.

3. Point of Sales Systems

Retailers may need to manage a lot of customers in a day. Traditional cash registers and excel sheets are not the answer anymore to deal with the influx of customers and payments. Retail billing software solves this issue for the retailer by managing and tracking all payments, receipts, due dates of bill payments and other transaction histories.

Learn more about retail POS systems — 8 Must-Have Capabilities of Retail Point of Sale Software.

What is the best retail POS system? Go for the retail management software that has retail POS integrated into the system. With this facility, retailers can stay on top of their finances and manage all payments at the store checkout. Your retail POS system of choice should have the following characteristics:

The retail billing software that is easy-to-use and user-friendly and will not require too much time to onboard employees

The retail POS system should also provide the option to automate data sync to make all the transactional information available at a single platform

Retail management software that has integrated retail POS should allow retailers with effective retail inventory management

To make the customer experience smooth, go for retail billing software that supports authenticated digital wallet transactions

How can retail POS software make daily business easy for retailers? Read here — How retail POS software facilitates workflow for small businesses.

4. Retail Inventory Management

Retail businesses have a lot going on, on a daily basis. As the business scales, new products and items are added to the shelves to cater to the growing customer choices and expectations. This makes retail inventory management a priority. Before investing in retail management software, business owners should make sure the product also supports inventory management.

What is the best inventory management software for a store? Here are the features to look out for:

The retail inventory management system should deliver a clean and flexible item master to help retailers stay organized with their inventory and stock

Managing the warehouse can be difficult for retailers. The retail management software of choice should support warehouse management features like creating and assigning racks and bins, picking, packing and shipping against multiple orders

Retail management software that has integrated retail POS should allow retailers with effective retail inventory management

With the help of the retail inventory management system, retailers should be able to keep track of the unmoving products, deadstock, items that are driving the most sales and those that are perishable and needs to be sold fast

Read more about retail inventory management practices: How to Incorporate Barcode Software to Better Manage Retail Inventory.

In Closing

The lines between retail channels are clouded and customers want their needs fulfilled on the channel of their choice. With these changing dynamics in the retail industry, retailers also need to change the way daily business is conducted. The adoption of retail management software is increasing among retailers, big or small and with the all-integrated approach of retail management systems, retailers can gain deep insights into their daily operations.

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