Retail Software Market to Grow in Emerging States

Despite unfavorable economic conditions all over the world, the prospects for the retail software market look particularly promising in the emerging Asia Pacific and Central and Eastern European markets. A Frost & Sullivan analysis on world retail software market, finds that the retail software market earned revenues of over $9.31 billion in 2007. Of this, software licensing accounted for $3.07 billion in 2007 and will reach $5.88 billion in 2014.

The increased penetration and the transition toward organized retail in several countries across Asia Pacific, Central and Eastern Europe, Middle East, and Latin America, coupled with increased liberalization and disposable incomes, present huge opportunities for the growth of the retail software market.

“The primary driver of the growth of the retail software industry is the growing focus on business integration and optimization,” said, Frost & Sullivan research analyst Prasanna Prakash.

Retailers have been substituting their legacy systems for modern day solutions built on industry-leading platforms facilitating the flow of business information across the entire value chain. As these solutions offer extensive performance enhancements, there is a wide scope for the uptake of advanced end-to-end solutions.

Retailers are mainly turning to customer-centric solutions and Business Intelligence (BI) to build customer loyalty and improve the customer shopping experience. Solutions such as customer relationship management (CRM) enable retailers to target premium customers using customized promotions and advertisements, thereby increasing the customer lifetime value (CLV) involved. Investing in cross-channel solutions can also result in effective understanding and management of their business.

Besides reducing total cost of ownership, retail software also assists in providing uniform brand communication across various channels. Optimization across the various processes and channels allows the retailer to respond quickly and more efficiently to customer requirements.

Retailers are hesitant to invest in solutions such as point-of-sale (POS) upgrades and other additional expenditures on hardware as investments have taken a backseat to cost-cutting during the current economic slowdown. SaaS can help counter this by reducing upfront capital expenditure. It is leased out to retailers on a yearly basis and its SOA, allows the software modules to be used as middleware once SOA has been deployed in the store.

“The growing popularity of the SaaS model and packaged solutions in Asia Pacific and Latin America will gradually make the solutions more affordable for small and medium sized enterprises. Further, to overcome competitive pressures from regional vendors, global vendors need to increasingly focus on after-sales services, such as maintenance and consulting, and customized solutions,” said Prakash.

Falabella Hypermarkets to Upgrade POS at 200+ Stores

Falabella S.A.C.I., a Latin American retailer with more than 200 supermarkets, department stores and home improvement stores throughout the region, plans to install a new point-of-sale in more than 1,700 POS lanes in its Supermarket Division in Chile and Peru as part of its push for state-of-the-art technology throughout its operations.

The retailer will install the Retalix StoreLine POS system for the implementation, which also includes Fujitsu TeamPOS 3000 XL POS terminals and Datalogic hand-held scanners.

“This rollout with Retalix is part of an aggressive investment plan to implement state-of-the-art, world-class information technology to offer the best levels of security, agility and efficiency in all our operations,” said Cesar Hashimoto, CIO of Falabella’s Supermarket Division. “Our IT investments are helping us to increase efficiencies at the point-of-sale to enhance customer service and the shopping experience, as well as procurement, distribution and inventory in our supermarkets — all to the benefit and satisfaction of our customers.”

The StoreLine application contains advanced POS functionality that supports customer loyalty, self-checkout, fuel management, QSR and a variety of electronic payment services.

Retalix is working with Bell Tech in Chile and Peru to provide hardware, project management and ongoing support for new store openings.

Falabella operates department stores, home improvement centers, grocery hypermarkets, financial retail operations and real estate ventures in Chile, Peru, Argentina and Colombia. The company achieved consolidated revenues of more than $5.7 billion in 2007, while investing a record of more than $600 million in capital expenditures.

Advanced Restaurant POS (exe)

Topics:

Inventory Systems – Business – Windows

Tags:

Advanced Restaurant POS,

Point-of-sale,

SMS

Source:

SMS Software Enterprises

Advanced Restaurant POS is a POS software for restaurant order entry and purchase orders with Touchscreen capability. It is easy-to-use and designed to address the needs of small businesses. The features include inventory control, customer and vendor management, Account Receivable, Account Payable and comes with extensive reporting tools and much more. Version 1.3 includes CreditCard/Gift Card Swipe capability and an interface to the X-Charge Payment Processing software.

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Advanced Retail POS (exe)

Advanced Retail POS is a POS software for retail order entry and purchase orders with Touchscreen capability. It is easy-to-use and designed to address the needs of small businesses. No matter what type of business you operate, our Retail POS will help you easily and effectively. Use Advanced Retail POS in all types of small businesses selling products. This POS/Inventory Control software is a high-quality, easy to use, accurate and multi-user Retail management application that includes inventory, customer management, vendor management, Account Receivable, Account Payable, Barcode Printing and comes with extensive reporting tools. Version 1.3 includes CreditCard/Gift Card Swipe capability and an interface to the X-Charge Payment Processing software.

Format: Software | Size: 6,097KB | Date: Jun 2007 | Version: 1.3 | System Requirements: Windows 98/Me/2000/XP | License: Free to try | Price: $499.00 | Limitations: 15-use in 7 days trial | Screen Shot | Downloads: 32

Infinity by Cypress Solutions

The Infinity Retail System offers 100% uptime at the POS. Each register runs completley independent of the network, and our patented Linker technology updates the server every 15 seconds, giving you virtual real-time data, without relying on the network. If the network goes down, the registers continue to run and when the network is back up, they will automatically communicate with the server. All of this is done without any user intervention.

Point of Sale Software by Master Merchant Systems

Point of sale (POS) software and retail management solutions for most general retail categories including cellular/wireless, electronics, furniture, appliance, gifts, pharmacy front store, music stores and more. Designed for small to large retailers, single or multi-branch, MMS software is available for nearly every type of retail environment. Functions include inventory control, accounting, order entry, customer history, warranty tracking, and more.

CAP POS by CAP Software

CAP POS makes taking care of your customers a breeze. Simple intuitive screens help speed up the checkout process and improve customer service. CAP POS is also highly flexible, allowing you to customize the interface according to your needs. Features like Hotkeys, credit card processing, and fast customer lookup make CAP POS the ideal front counter solution. Since 1978 we have been developing solid, stable POS software products based on the features required for real world retail businesses.

Increase Your Profits with a Point of Sale POS System

Whether you operate a chain of restaurants, a mom-and-pop convenience store, or a medium-sized retail shop, you are in business to make money. And, one of the most critical aspects to your profit and loss is your ability to track information… you need to knowwhich products are making you money, what items need to be re-ordered, who your customersare, and so on. This is where today’s point of sale (POS) systems play such a valuable role.

In the not too distant past, retailers used mechanical cash registers to record salesonto a paper tape which then had to be manually transcribed into the company’s accountingledger. Later, electronic versions of cash registers were introduced which allowedbusiness owners to track more of the data pertaining to each transaction (for example,management was able to track all sales and refunds by each cashier). Today, cashregisters have evolved into modern computer-based point of sale systems, which let youtrack more information than previously imaginable.

Some of the ways that a point of sale system can help you increase your profits includeanalyzing your product margin, tracking sales, increasing the accuracy of your pricing,and maintaining customer contact.

As a business owner, you know how important it is to keep a close watch on the margin ofeach product since you want to focus on selling the things that make you the greatestprofit. A point of sale system can help you quickly identify your greatest money-makersand make decisions about how much of each item you want to stock. (If you have a limitedstorage area, it doesn’t make sense to fill it up with low-profit items).

A point of sale system also allows you to know, practically at the push of a button, how much cash you have in the till (and how much of it is profit!), the type and amount ofeach product sold that day, and how many items are still on the shelf. You can even setit up to automatically notify you when reaching the re-order point on any item.

With the advent of barcodes and barcode scanners, retailers now enjoy greater accuracy inthe pricing of their products that ever before. If you need to increase the price of a,widget,, you simply make the change in your point of sale system and all widgetsimmediately reflect the new price. Plus, your cashier or sales clerk doesn’t have to guesswhat any product costs (which might cause you to lose money)… they just scan it and thecorrect price is automatically applied.

Marketing 101 tells us that an existing customer is worth a lot of money to a business ownerbecause they are likely to buy from you again and again in the future (this is known as the,residual value,). Because of this, you should make selling to your existing customer basepart of your marketing plan. A point of sale system lets you keep track of customer names,addresses, and purchase history… just imagine how you could use that information togenerate more sales!

Hopefully by now it is clear that a point of sale system can help you track the information that is critical to your business success. This includes analyzing your margin, trackingeach day’s sales, increasing the accuracy of your pricing, and maintaining contact with yourcustomers. Armed with this information, you can make informed decisions and take actionsthat are sure to increase your profits.

Article Source:www.about-pos.com