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Custom POS Management Software Development for Retail. How Custom POS Software Development Companies are meeting the expectations to benefit retailers from click to sales and management.

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custom pos management software development

Custom POS Management

Software Development

Expectation and Benefit

Custom POS Management Software Development for Retail. How

Custom POS Software Development Companies are meeting the

expectations to benefit retailers from click to sales and

management.

1/24/2018

i-Verve INC

Marketing By: - i-verve.com

retail store owners are facing

Retail store owners are facing a lot of challenges from online stores and

marketplaces today. The need to transform their stores and modernize

them is more now than ever before. Customers have become more tech

savvy now and want to go to a store that uses the latest technology. This

is where a retail software solution like POS management system can

help a retailer.

The adaptation of POS-system has risen significantly in the past few

years. The global data of the POS market suggests it will keep on

increasing at an annual rate of 12% from the year 2017 to 2023. This

means you need to act quickly in order to lead the trend.

Making your store POS-ready will require you to have well-designed

retail POS management software to manage all your machines, in

addition to the POS machines itself. Each business is unique and has a

different set of requirements; this is the reason why you sometimes need

to develop a custom retail point of sale software.

6 Things you should expect from the best retail POS man

agement software:

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robust ecommerce integration

Robust eCommerce integration

Your point of sale software has to integrate with your other retail

management software. If you wish to streamline your retail

management, you must look for POS management software that

integrates easily with eCommerce platforms. It is important that the

software doesn’t only integrate with one eCommerce platform but is

easy to integrate with other platforms as well. This is important because,

if in case you wish to shift to some other e-commerce platform in future,

you must not need to develop a point of sale software or need to get POS

integration done.

Omnichannel experience

If you wish to enhance your services, you must add omnichannel

experience and give your customers a comfort and flexibility which they

haven’t experienced before. These include services like ‘buy online and

pick-up in store’ and ‘buy in one store and return in another’ and similar

options so that the customer gets more flexibility and doesn’t face any

inconvenience.

To establish such a system, it is important that your POS solution is

capable of handling all data from your stores, warehouses, and

eCommerce website, and marketplaces in real-time without any error

or downtime.

Customer relationship management: CRM

Managing customer data is really important to ensure that your

customers know about on-going promotional offers. Also, no one wants

to carry the receipt or the bill in hard-copy. Your POS system should

email this to your customers so that it would be safe with them. This will

be convenient for you and your customer both and will give you another

opportunity to tell them about any upcoming promotions.

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loyalty programs and customer rewards have become

Loyalty programs and customer rewards have become very popular

among the customers. You must offer special discount and freebies to the

customers who have been visiting your store for long. For this, your

retail management system must be able to collect and use this data too.

Inventory control

For any retail store, a better inventory management is the key to

increasing profits. This will help you in making more informed decisions

about your purchasing and consumption.

You should expect a good POS solution to come up with retail inventory

management software features like low stock alerts, records of damaged

or faulty products, product tracking, and product-based automatic

promotions.

Information like this will help you know what products aren’t good for

your retail store and will help you maximize profits. Apart from these,

automated product requirement list should be made and categorized

according to the vendor it should be sent. Emails should be sent to the

particular vendor automatically when the product quantity hits the

minimum stock mark.

Employee management

Excel Sheets and punch cards can be a tedious and error-prone way of

tracking employee working hours. You can now record all these details,

employee attendance and track each and every employee easily with the

help of your retail POS software only.

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employee payroll can also be calculated

Employee payroll can also be calculated and an automated command for

transfer of funds can be set. This will reduce the number of staff you

need just to calculate the hours. With well-designed POS software,

employee’s salary and performance reports can be automatically

generated. This can be of a great help to any retail store owner.

Accounts and tax management

The best POS management software will instantly update Accounts

Receivable, Accounts Payable, Inventory, and Customer Deposits, Tax

payable and related figures. This will help you know the amount of

capital you have on hand which can benefit you to make an instant

purchase if you get a good deal.

A retail store has to deal with many different taxes, the rate of which may

change depending on the slab you fall on. You must check if your system

is capable of handling all these tasks.

The above features have become common in the best point of sale retail

systems available today. These kind of software are not just for large

retail stores, even small business retail pos management solution is

available.

Tips on choosing the best point-of-sale solutions for your business.

To Conclude

Today, consumers expect no less than the best customer experience.

They cannot tolerate any inconvenience and if they experience one, they

won’t think twice to change their retail store. It has thus become very

important to make sure your pos software covers every aspect of retail

management and you are one step ahead of other retail stores.

Page 5

contact email hello@i verve com phone

Contact: - Email: - hello@i-verve.com

Phone: - +1-404-643-6023

Website: http://i-verve.com

This Post was originally published at: -

http://i-verve.com/blog/custom-pos-management-software-development

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