Top 10 Retail Management Software Features Which You Must Consider In 2020
If
you are looking for a Retail Management Software, you may have so many questions. The fact that there is so
much competition in this sector and selling all sorts of features can make you
think what the best for your business? Which feature can scale up your business?
Let
us walk you through the features so that you can make the decision for
yourself.
In
today’s era retail management software
is the key to successful business and hence it holds a larger
solution to your business.
You
may find it very simple when we break it down into different needs of your
business like, inventory management, reporting, point of sales, and customer
management.
So,
let’s dive in!
1.
Quick keys in POS (point
of sales)
Quick keys are the shortcuts within your POS system which lets
you search products when ringing up sales. This feature lies right on the sell
screen so there is no need for a different screen. This shortcut is a real time
saver.
2.
Multiple mode of payments
Always go beyond the traditional methods like cash or credit
cards and look for POS that allows you to take mobile payments instantly. If in
case the customer wish to split the payment, then this method will be helpful.
3.
Returns, refund and store
credit features
This is one part of your service which truly reflects
the quality of your service. Consumers are attracted if you have shopping
friendly policies. To that end you should ensure that your retail management software can support
the best return policy and provide you flexible options.
4.
Mobile registers are
unavoidable
In the digital era you can’t afford mobile registers and typically
you will want to look for cloud system with mobile app so that you can run the
software in every possible device.
Mobile registers are like multi-taskers as you can carry it
anywhere and less weight compared to traditional desktop registers.
5.
Custom-facing display
A customer-facing display allows high level of transparency in
the transactions and spot errors while placing orders. Basically, the customer
can see the transaction happening in a different screen. But this feature is
recommended only if you have a budget or else its not a priority.
6.
Product variants and composites
Look for a system that can help you create different variants
in products. For instance, if you own a clothing store, instead of selling 5 different
dress the system should be able to record same dress in 5 different colours.
7.
Bulk product imports
Retail management software which you buy should be
able to upload products in bulk. Unless you have just a few items on sale, it
is daunting to manually upload all your products. So, this feature can save a
lot of time.
8.
Managing multiple user accounts
and permissions
Unless you are one-person managing this task, there will be
chances that multiple people need to work on your registers. You will need a
system on which you can track the sales made by each of them. This feature will
ultimately help you track actions taken by your employees. This system which
you buy should be able to protect password from each user.
9.
Hassle-free Inventory
management and auto-filled orders
Your retail inventory management software should make it a snap to order more and create the
stock order in the system itself. Not just creating stock, but also sending it
out t the suppliers with help of the retailing
software.
Some businesses will also benefit from a system that can generate
orders automatically through auto-filling feature. An auto-filling feature will
save you a lot of time.
10. Counting Inventory & transferring of stock
Inventory counting is tedious if one must do it without a
system. You need to track your entire stock and even check for loss and a retail inventory management software
can ease this process. Use a system which can allow you to use a scanner to count
digitally.
If you have more than one store, a stock transferring feature
is crucial and a priority. This will help you transfer items between stores and
hence you can move your stock to different locations.
Conclusion:
The above mentioned 10 features are the most important ones
which every business owner should consider before buying retaining software. Look
for the ones which are right for your store when you meet the software
providers. Make sure if they can provide more value to your money and guide
through the process.
The features we have discussed here are mainly the POS (Point
of sales) features which will help you effortlessly manage sales, reports and
manage multiple outlets.
Most of the top retail management system can provide you all
these features and make it easy for you to focus on your business. Once you have the best retailingsoftware, you can worry less about the operations and focus on the
other important aspects of your business.
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