Need for an Enterprise Solution

In a competitive retail industry, retailers have realized the significance of promoting their products in the market and coordinating activities at individual stores in increasing productivity and revenue.

Retail chains need a solution to monitor and manage crucial business information from a central location as the stores are spread across different regions. This necessitates an enterprise solution that can maintain a link between the point-of-sale, central location and supply chain. The solution should be capable of orchestrating operations like CRM, inventory management, pricing et al. In addition, it must be highly robust and flexible to meet the specialized business needs.

VersaPOS™ Enterprise

VersaPOS™ Enterprise is a web based solution for multi-store retailers, which offers business functionality that integrates retail stores with a central location. It is a configurable and flexible solution that can adapt to the ever changing business demands. The solution has the ability to define the store organizational structure with configurable hierarchical levels.

VersaPOS™ Enterprise facilitates a corporate setup which serves as a hub for controlling and maintaining information and defining business policies across the organizational hierarchy. Its intelligent Supply Chain Management system maintains the required stock at the stores by automatically placing a purchase order. The items can be either received at a centrally located warehouse or delivered directly to the individual stores.

The solution has a global pricing management function that tracks the price markups and markdowns. In addition, it manages promotional pricing, pricing schedules and special pricing based on the customer group, location and item hierarchy.

The versatile CRM function of VersaPOS™ Enterprise lets you maintain relevant customer information in conformance with customer demographics, manage customer credit limit and run a frequent shopper program. Besides, it helps retailers in target mailing based on purchase history of customers. This is useful in informing customers about latest discounts and offers.

The solution consolidates sales data and transaction details from stores into analytical reports on purchase history, sales trends etc. VersaPOS™ Enterprise builds a network between stores and corporate so that your retail business turns into a retail chain in the truest sense.