Top Retail Software For Retail Stores in 2020
Finding the best Retailing Software for your business is now faster and easier! Compare prices, reviews, features, and get free consultation to find the perfect software.
Retail is the sale of goods and services from people or organizations to the end-user. Retailers are part of the supply chain of this system. They purchase goods in enormous quantities and sell them to the consumer.
Retailing is a distribution network function where one business buys goods from supplying firms or manufactures the manufacture themselves and then sells the same to consumers directly. A retailer is a reseller. Meaning it obtains the product from one party in order to sell to another from which a consumer purchases products. It can be done in either fixed locations like markets or stores, door-door or by home delivery.
Retail software is used by all small, medium, and large enterprises. The main purposes of using the software are to regulate pricing, calculate taxes, inventory management, and manage POS, billing, and payroll.
Retailing software is both Installation and SaaS-based. It is designed especially for Point of Sale (POS), Customer Relationship Management (CRM), Inventory Management, and retail accounting.
The features include Retail Inventory Management which helps to manage different aspects of the retailer’s supply chain. CRM to support multi-channel retailing and retain customers. Retail accounting for inventory control, transaction monitoring, and pricing. Order Management to keep the track of orders being made. Transportation management to track deliveries and also Chain store management. Retail billing management to optimize store performance and increase productivity
Retail management software is used in various businesses and stores which includes art and antiques, apparel, automobile, gas station, supermarkets, pharmacies and convenience stores, etc.
Retail software works wonders for your business. Here are the benefits of having retail management software installed for your business:
Retail pos software saves your time and money. You can also manage your stores, warehouses, and even your e-commerce sites by integrating with this software.
Generating reports is easy. The best advantage of the retail billing software is that you can view the whole history of your business transactions in a single report itself.
Automation is a rewarding experience. Your data is updated from time to time. In this process, you are reminded of out of stock items and even given information about the stock of items that aren’t selling
Decision making gets easier. You can do better planning with all the information that you get from the inventory/items data that you have.
The customer relationship gets better. Customers get the benefit of opening their accounts on your site. With the marketing efforts integrated into the retail POS software system allows you to send emailers, promotional info, and updates to your subscribers.
Entering details of customers and their addresses might be time-consuming. Customers might not like to wait, hence they might not furnish complete information
Getting the retail software ready and running properly might be cumbersome. You might need time for your staff also to get used to working with it.
Cloud-based retail management software involves more expenses and the service providers also charge monthly fees for it
Computer-based software has expenses related to constant updates. They also require you to invest in hardware which might make it expensive
In computer-based retail pos software, there is a risk of exposing the PIN when customers want to pay their bills by credit card or any similar payment method.
Since retail management is all about customer engagement with fast results, the following are the essential features of retail management software:
1. Point of Sale Efficiency
Point of sale means the place where the sale is made and the customer's checkout. Most stores/malls have a point of sale that is handled in a computerized format to save time and also cut down on long lines of customers. Had this been done manually, retail pos software would take up hours instead of minutes to make a transaction and billing.
2. Cloud Computing
Cloud computing means that the data is saved securely on the internet by servers instead of being locally stored in your computers. The benefit of cloud computing in retail software is that it makes it flexible to use it at any time. The data can be accessed from different gadgets. Sometimes cloud computing allows data to integrate across different areas of business making it the most preferred software choice. Employees can have the benefit of getting familiar with the items in the store. As their confidence increases, employees can also have ease of access to customer purchases and sales.
3. Realtime purchases
On the spot, purchases mean that purchases can be done on the spot and fed into the hardware rather than making payment at the checkout counter. This option works well because customers love this approach rather than gathering all their items and going to the checkout counter. Though very few stores opt for this procedure, it is mostly seen in high-end stores.
4. Employee Empowerment
When employees have access to the tools for making customer services better, they are happy. These tools also help employees know the details about their products in the store. The way the employees use the retail software, the store managers can also make a judgment whether they are trained well in handling the software or not. If they find any gaps in the understanding or knowledge of the employees, they can train them to be better.
These days, most stores or e-commerce sites use different payment gateways. Of importance is that the payment sites must be secure. Most retail management software is integrated with secure payments and transactions making the customers able to trust the stores and their policies.
Software that can be easily installed and quick in use saves time. Employees also are able to pick it up faster, thereby reducing training time.
7. Understanding Customers
Retail POS Software that supports you in understanding your customers and engaging with them in a better way earns better business. Retail software supports you in engaging with your customers based on their purchase history, their preferences and interests and even their birthdays gives you chances to make them feel happy.
Mercaux helps brands on their digital transformation journey and provides a consistent and seamless omnichannel shopping experience for their customers across all online and offline channels.
Tally.ERP 9 is a business accounting software for accounting, inventory, payroll management. It is economical and one of the most popular ERP software solutions available in the industry. You can download free version of Tally.ERP 9.
Mprofit is one of the best portfolio management and accounting management software for investors, traders, advisiors, corporates, family offices and CAs to manage your stocks, MFs & other assets.
Oracle NetSuite ERP is the world's #1 cloud ERP, providing a single unified platform in the cloud to streamline all back-office processes, like accounting, CRM, and ecommerce.
BUSY is the complete retailing software for small and medium businesses. It has been allowing SMEs across geographies, industry verticals and customer division such as FMCG, Retail, Trading, Manufacturing, Distribution, and Service by helping them manage their business efficiently.
ORION Enterprise is a dynamic enterprise resource planning solution that allows organizations to smoothly integrate disparate teams, functions, processes, and systems. 3i Infotech is a global Information Technology company committed to Empowering Business Transformation.
Vyapar is the simplest GST ready Accounting, Invoicing and Inventory management software. It's made completely for a businessman, you don't have to waste time learning it. Just start managing your business digitally like before even with no Accounting knowledge.
Oracle NetSuite CRM delivers your business with powerful front-office capabilities in a single, cloud-based CRM solution. Seamlessly integrates with accounting, e-commerce and warehousing.
Simple Billing software with complete inventory and accounts modules. It's fast, reliable and easy to maintain. Ideal for businesses that have a large number of invoices and deals in 100's of SKU's. Typically used by distributors, retailers and small manufacturers.
GOFRUGAL is the only complete digital solution provider to retail, restaurant and distribution business. With over 14+ years, they have acquired 25,000+ customers across 60+countries. It has the largest product portfolio like - Desktop POS, Cloud POS, Mobile apps.
Oracle NetSuite OpenAir is the world's #1 cloud PSA solution, running all your service delivery and project management processes on a single, real-time platform in the cloud.
FlexiPOS innovative software is designed to cater to the store Point of Sale and back-end operations of Chain stores, Franchise stores, Supermarkets, Hypermarkets and many more in India.
BillSoft is the fastest growing GST compliant billing software in India and comes with a very friendly user interface. Now manage your business with lightning speed using multi-core data engine from clients to sale, purchase to inventory, staff to expense.
HDPOS smart is a feature rich, easy to use retail POS billing and inventory management software that is available to you at a very low cost. Retail POS software has full control on your business even if you are physically not in shop.
RetailBeanLite is a retail software on a cloud which will be suitable for Growing retailers and Retail chains. Retailbeanlite is a Retail CRM software powered with a comprehensive Point of sale, Inventory, customer engagement tools, and loyalty management.
Ecogreen is retail business chain management software. This system takes care of all the operations of Retail chains such as a Sales, Purchase, Order processing, Sales returns, Purchase Returns, Stock transfers.
UniRetail Software is a fully integrated retail store management software solution that's affordable, quick to implement and easy to use in Mumbai. It offers very user friendly GUI, Installation, Operation and Quick Start Up guide to get you going right away.
Get a Mini App in 5 minutes using the Goodbox Mini App builder. Mini Apps are Readymade Apps that are less than 1% the Cost of an App. 20,000+ Businesses have got their own. Mini Apps have features similar to that of large online apps. No need to make your own app now!
ACME Insight is a comprehensive software, specifically made for pharmaceutical retailers, by considering all the complexities of the business. It has helped medicine retailer to increase profits and makes fewer losses by having tight control on the medicine stock of available in a shop.
Big Store Inventory Software is inventory software that designed specially to meet the requirements of small and medium sized enterprises (SME), such as computer stores, departmental store, general store, bookstore, boutique, shoe store, antique store, grocery store, retail stores, online shopping malls or home business etc.
Pharmasoft retail software is one of the best pharmaceutical software. They provide retailing, distribution, stockiest and medical representative software.
Spectrum is a point of sale (POS) and ERP software package for any retail business. This state-of-the-art product has been precisely developed to help manage any retail business specifically restaurants, retail outlets, supermarkets and many more. It helps in executing strategies rapidly, enhancing customer experience and improving profits.
MARG Retail Software is designed to handle all the needs of the individual shop or retail chain in a very efficient, effective and accurate way. Retail Billing Software is feature rich software with highly flexible configurations.
Vastralaya Retail Pro is an integrated system that gives retailers a single centralized location to manage Point of Sale, Inventory Management and more, all tailored to each retailer's unique needs.
Ginesys is a leading retail software provider for the Retail value chain. It provides a solution which includes Purchase, Inventory, Production, wholesale and distribution, Accounting, POS, Loyalty management, Replenishment Planning, Data Analytics and omnichannel.
Frequently Asked Questions (FAQs)
Retail Software enables the customer to experience a hassle-free checkout experience. It could be beneficial in improvising customer satisfaction and experience.
Businesses dealing with retail POS should definitely invest in retail software as it provides a 360-degree view of the business.
You can keep track of your inventory, the number of items sold, the name of the item, additional stock requirement, items returned, and many more.
Yes, retail software does support mobile devices so that the user can get insight into the business from any location.