Finding The Right Enterprise Class Retail Software For Your Business

 An enterprise retail software supports all aspects of your retail business operations. Be it merchandise and inventory management, marketing and promotion planning, customer relationship management, business intelligence, loyalty management and more, thereby offering centralized data and functionality to perform business operations and tasks in a seamless manner.

Enterprise-class retail software aims at efficient management of back end operations and in-store operations, resulting in a superior customer experience that drastically increases revenue and sales.

All modern retail businesses today must focus on finding and investing in the perfect enterprise-class retail software for their businesses that provides maximized productivity and efficiency along with increased brand awareness.

This blog will help you discover the three primary essential qualities to look for when selecting an enterprise retail software for your business.

Smooth Inventory Management

Intelligent inventory management forms the pillar of a successful retail business, and retail software offers sophisticated inventory management. Stock management must be well-organised to retail firms having multiple stores selling different categories of items. Ensure the retail software that you choose has the following inventory features:

a.Real-time Inventory Updates

b.Efficiently manage in-store stock option, warehouse to store stock transfer, store to warehouse transfer and direct to store deliveries.

c.Define stock prices, discounts and characteristics when purchasing

d.Quick access control to all the operations and users within the system. Automated and manual stock count options

 

Solid Sales and Reporting Analytics

The analytics help retailers understand which products sell fast and which don’t.

The most significant benefit of this feature is that it presents you with the exact number of aisles and revenue. It means that retailers do not have to guess second when making critical future decisions related to sales and profitability. With the help of sales reports, retailers can identify top-selling products and focus on driving sales of those products.

High-quality retail software systems display real-time sales data helping retailers predict revenues and set revenue targets. This results in overall increased profits for the retail business and allows retailers to make sales-oriented business decisions.

 

Fantastic Customer Experience

Brilliant Enterprise-class retail software must integrate CRM features. It helps create and maintain valuable customer profile information such as customer’s purchase history and contact details. The CRM features ensure that customers have the freedom to select, purchase, review, search for products at any time from anywhere. Channel-based promotions too can be developed using the CRM feature.

One of the most significant benefits of an integrated CRM system is its valuable customer insight data, like tracking customer activity and buying behavior to understand customer needs and preferences. These insights help sales executives target loyal customers via offering them customer loyalty programs, special discounts, offers and more. This personalized approach helps boost customer loyalties and create brand ambassadors who always vouch for your brand.

 

Revolutionize your Retail Business with ETP’s Enterprise Class Retail Software

ETP’s retail software aims to provide an omnichannel customer experience by offering omnichannel retail solutions helping your business grow and expand progressively.

The solutions seamlessly integrate POS, CRM, Inventory Management, and essential business operations like merchandising and loyalty management, business intelligence, and more. This results in a highly scalable and profitable retail business.

With ETPs, retail solutions retailers can deliver a unified omnichannel experience comprising features like click and collect, click and deliver, Endless aisle, and a holistic customer view, all with real-time integration.

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