The global retail market has seen considerable growth in the past few years and is emerging as one of the largest sectors of the economy. Providing business flexibility is the major challenge faced by companies currently. Businesses need to implement multi-channel retail as using a single channel for marketing is not sufficient for customers and shoppers who find it convenient to use tablets and smart phones to make purchases. Moreover, customers have adopted a practice of comparing the product features online before purchasing, which is a matter of concern for traditional retailers.
SAP Business One for Retail is used by prominent retailers to manage their point of sales (POS) insights and all retail operations. It is the optimal solution for SMBs to carry out their end-to-end solutions with utmost efficiency by controlling financial and supply chain cycles.
Following business functions of Retail Companies are covered in SAP Business One Solution:
- Opportunity to Cash
- Assets Management
- Inventory Management
- Customer Relationship Management
- Business Partner [OEM and Supplier] Management
- Financing and Accounting : Profitability Optimization
- Marketing, Sales and Service Support
- E-commerce Management
How SAP Business One Can Help In your Retail Industry:
- Retailers can utilize the complete on-line and off-line trading functionality making the system work without any interruptions.
- Streamline ordering process – picking, packaging, delivery, shipment.
- Online Shopping – Stay online and trade to remain competitive with the fully integrated ecommerce store. The ecommerce store is integrated with the back-office SAP Business One ERP function to streamline business operations.
- Retailers can incorporate multi-channel ecommerce by integrating their business to all the major online marketplaces like eBay, Amazon, Magento, Shopify, WooCommerce, etc.
- SAP B1 offers POS operators inventory control with full visibility across the retail chain.
- Retailers can retain their customers by communicating with them using comprehensive CRM and by sending SMS notifications in addition to the email notifications that can be sent out from the application.
- One can stay connected with the end-to-end solutions provided for head office operations and retail management to manage POS operations and stores.
- Predict demand by tracking past purchases and orders of customers and extend your business by providing schemes and discounts.
- The touch screen enhanced interface provides improved customer experience thereby increasing its efficiency.
- This solution enables the retailers to improve stock levels and make better decisions about pricing.
- SAP Business One solutions for Retail is easy to deploy and maintain.
SAP Business One Business Benefits for Retail:
- Extensive on-line/off-line capabilities
- Boost sales by avoiding stock-outs, so the right items on hand when clients come to the store
- Cash, account based or split payments
- Increase in customer loyalty by providing on time delivery and better services
- Integrated POS functionality with cash-ups, lay-bys, credit cards and allegiance programs
- Reduce the inventory cost by stream line and integrated inventory management system
- Strengthen your market coverage by online presence and sales
- Integrated barcode scanning, printing and cash drawing mechanism
Why Silver Touch?
Silver Touch offers valid solutions that aid in evading the major pain areas of Retail Industry like data and inventory visibility, ecommerce solution, improving customer experience, product availability and fast delivery and secure POS for customer data security.
How Silver Touch can Boost Business Growth?
Silver Touch specializes in providing end-to-end SAP Business One and SAP HANA services to enhance business efficiency and improve ROI, resulting in increased business growth. Get in touch with us to know more.