What is a Retail ERP Solution: Definition, Benefits, Implementation, Cost, Providers?

It generally happens in a retail industry that businesses goes on a bumpy ride when it comes to enhancing customer loyalty and experience whilst maintaining the budget. To avoid such inconvenience, there is a dire need of up-to-date and advanced enterprise management or CRM system. All a business need is retail ERP solution software to generate a number of channels to integrate and result in the enormous amount of data to manage which calls for a seamless, intuitive and agile Retail solution software.

Retailers are now realizing the incompetency of legacy systems and tools in achieving optimum customer experience and increased productivity. With Retail solution software, retailers can efficiently manage all their customer keynotes to build customer loyalty, get insights into the buying processes and provide seamless customer experience. It increases the efficiency levels of your marketing and sales team to a great extent.

                            Benefits of Retail ERP Solution

A retail solution software is much beneficial in performing operations related to issue purchase orders, track inventory storage levels and also to manage further accounting functions.

Business owners are sure to enforce their position among competitors, streamline company development and receive more profits than previously thanks to completely automized working processes after the implementation of an ERP system. The Enterprise Resource Planning system for retail allows to:

  • Carry out efficient decision-making policy concerning sales planning, supply and merchandising activity, customer service.
  • Reduce operational and marketing costs.
  • Optimize business profitability and working flow.
  • Take advantage of actions based on proactive approach.
  • Work out a database for a company with all necessary documents and customer information sorted in one accessible place.
  • Make accurate financial and accounting reports timely.
  •  Also, you can always keep your stock accurate by keeping it up to date with real pricing and procurement info.
  • From Sales to Marketing, to Purchases and more. You can do analytics, make strategic decisions such as what product to buy at what time of the year, what goods to invest on and so on.

               Implementation of Retail Solution software

In today’s world, Retail management software is an essential for the way a retailer must operate in today’s markets. It is the infrastructure that supports the accurate, efficient handling of all the data generated by every transaction, every management decision, every status change, and more.

The implementation phase has three essential steps. Each one of these steps is built on the previously laid step so that future actions have a stable foundation.

Executing the Plan

During the planning stage, our team has worked with our client’s team to develop a plan. This plan has goals, milestones, and deliverables. The planned software is as perfect for the unique business application as possible, so now we execute that plan and begin trial runs with minimal disruption to daily operations. We want to see if it will work as planned in the not-perfect reality of retail.

Testing the Reality

As the testing is going on, adjustments can be made. Our professional services team is part of the process, observing, asking questions, listening for pain points, and adding the needed alterations. Instead of a “sink-or-swim” method where you are handed the software and left to figure it out, we use a “training-wheels” approach to make sure everything will work the way it should before we take them off and you go on your own.

Training the Team

Retail software is used by people, and people need to be trained to use it correctly. Inadequate training results in mistakes and confusion that can affect your business. Training your team to use the software ensures that minimal disruption will occur in daily operations. Your customers will notice a new efficiency and confidence, not glitches and exasperation.

                      Cost of Retail Solution software

If you really want to buy a Retail management software, you probably know this software isn’t cheap. There are numerous factors that influence the final price of an Retail ERP Solution system. It is very obvious that when a buyer has selected an ERP vendor, both parties will negotiate the terms and enter into a contract.

Primary Factors Affecting ERP Pricing

  • Where it is hosted
  • Applications required
  • Number of users
  • Customization level

As varied as ERP software pricing can be, we hope seeing what other businesses in your bracket typically budget will help you make a more informed decision about your own purchase.

There are many distributors in India but Cloudgeta provides you the best Retail ERP solution in affordable price that ranges from Rs. 50,000 to Rs 4 lakh.

You may also like to read: What is a Manufacturing ERP Solution: Definition, Benefits, Implementation, Cost, Providers?

                Providers of Retail Solution software

Top 3 Retail Solution Solutions Providers:

  1. Cloudgeta – Cloudgeta Retail chain manufacturing ERP Solution was a pre-packaged solution and it will took less than 2 weeks to implement the solutions. The ERP solution is completely taxed compliant. All our tax returns were automatically prepared and filed with the system. CloudGeta Retail ERP solution is an advanced Business Management tool that can link up all your crucial application making them available on a single platform for a smooth user experience.
  2. MARG ERP 9+ – Retail Management Software –Transactions & inventories can be easily maintained In Marg POS Software. Alerts will be shown for the items getting out of stock or for the items whose expiry date is near. In Marg POS Software, one can compare its current sales from the previous financials or party to party comparison so that they can get better ideas for the betterment of the business.
  3. Shopper 9 Tally – Retail Management Software- Shopper 9 retail software is the latest offering of Tally enterprise. As with all Tally products, rapid updates are made available for the lifetime of the product via periodic releases, thereby providing the high level of business capability that millions of users trust and highlights include a very light product footprint, immediate access to new features and enhancements, easy data migration and more.
By | 2018-08-06T10:42:32+00:00 November 4th, 2017|Categories: ERP Software|Tags: , , , , |Comments Off on What is a Retail ERP Solution: Definition, Benefits, Implementation, Cost, Providers?

About the Author:

Himanshu Jain is the founder of LegalRaasta – India's top portal for registration, trademark, return filing and loans.