In store Retail analysis for sales predictions

Every enterprise, no matter big or small, wants to find the pattern of their sales in order to predict future sales and customizing their price points accordingly. Retail software systems have come a long way from where they started, and now have become swift, accurate, and handy and a bit of a prophet. Retail shop software has become a key to the existence of Retail shops.

Traditionally, a management team used to analyze the sales and predict the things that are or will be in demand by the customer. Since to inception of Machine learning and artificial intelligence, this role has been shifted to Retail software as they are now equipped with Retail Analytics.

So what can you expect from this?

The business to consumer relationship is what confirms the sales of your products or services. Various systems are into the market, which is capable to analyze the pattern of your sales. Let’s just talk about what are the things that your Retail software can tell:

What is happening with your sales- Retail analytics starts with an analysis of your past sales with various algorithms and techniques. The Retail software can provide, weekly or monthly reports of your sales, which includes what the consumers are buying, the quantity bought, the frequency of sales etc. in terms of charts, graphs, and averages.

What is going to happen with your sales- The second phase is the prediction, which is almost accurate to the possibilities. This is what changes the course of the line of your sales to maximize profit along with customer satisfaction. Apart from the analysis of past sales, using Machine learning, POS software can graphically show the future possibilities that will be in trend, considering various parameters.

What is supposed to be done with your sales- The POS software finally also provides suggestions to increase your sales. This may include which product or service prices can be hiked or decreased, which product and company are more demanded by customer etc. to enhance the quality of purchase along with optimizing the sales, confirming no drought in your Retail shop.

Hence, to conclude, various possibilities are available with Smart Retail POS, which will avail Integrating business methods and techniques. To act is to decide, and Smart Retail POS software has come up with accurate decisions, which are to be enacted by the Retail shop owner to increase his sales.
Pait Biz Systems, a POS software company in India, has earmarked the existence of predictive analysis to help the Retailers increase their sales with minimum input. The interaction of machine and human in a way to optimize the sales along with customer satisfaction is the key to success in Retail business. We are here to help you adopt this change, work with it, act on it and see the positive change in your sales.

Source: PAITSYSTEMS

How retail software can reduce frauds?

Indian retailers face a huge amount of losses every year due to shoplifting, internal theft, and fraud. Hence, profit margins are affected due to these crimes. The retail software has been successful in changing the course of outcome. Retail billing software systems are able to prevent these losses and quickly address the fraudulent in this omnipotent world.

There are various methods, ways, and advantages that come with POS software or billing software for a retail store. From internal frauds to shoplifting, everything can be controlled if you know what you have and what has been sold.

ACCESS DENIAL- POS software systems are equipped with secured passwords and levels of accessibility. So you can choose who should perform which operation on the software to create an honest platform for all the employees. Retail software by PAIT BIZ provides you to create groups of users and levels of integrity. It is unfortunate that many times, the hole is in your own pocket. These software systems quickly identify suspicious employee activities. Hence you can identify and eliminate dishonest employees accordingly, by assigning access levels to your POS users. Almost 40% of frauds occur due to their own employees. Employee reports created by POS software gives you room to conduct audits and prevent thieving by your own staff.

INVENTORY IN YOUR HAND- Almost all retail software systems comes handy when it comes to inventory. There are automated inventory trackers, which show you where and how many items have been stored by your shop. These systems focus your inventory by putting a full stop on abusive transactions. Also, they are equipped with return optimization tool, with automatic verification of extreme return from fraud customers as well. After development in retail software, now, you can also get detailed report and analytics (daily, weekly or monthly), which shows the comparison between actual POS and stored items in inventory. Apart from this, you can also analyze what are the trends your customer are following and improvise your selling accordingly.

BYE-BYE SHOPLIFTERS- Wireless cloud-based POS systems have been developed and are now accessible and affordable to every small and big retail shop, which allow employees to roam around in the store while billing the items purchased by the customer. This helps in two ways; the shoplifter is opposed by the psychological and physical threat of getting caught by the employee, as well as the true customer can have better services from the store. Hence it helps to increase your sales as well as ceasing the fraud customers.

There are other issues that bring in frauds every year in front of retail shop owners. Credit card frauds can be handled by inculcating EMV payment methods, which removes information cloning. Also, NFC or mobile payments are now a trend and can remove frauds. Also, POS apps will make you have a remote acknowledgment and control of your store, so, retail software technology has definitely brought a huge decrement in retail shop frauds.

We, Pait Biz Systems, a company based on retail software in Pune are encouraging retailers to know what they actually need and avoid losses. Come, Join us at our venture.


Source: PAITSYSTEMS

Why Invest in POS

Today, no matter if you are a stakeholder, a successful entrepreneur, or a big behemoth of the market, your ultimate aim is to get the best out of business. As you have already read the title of what we are going to talk about, let's start with the basics of POS where we will not write a big blog explaining you about POS software and machine but will give you a rough idea about its operation.

POS is a vast topic to discuss, hence we will be particular with our niche and that is Retail Software. POS (Point of Sale) is the place where the retail transactions take place. When you visit a retail store, you buy things and reach a point of sale where you have to pay the amount for the items you bought from the store.

Now, what this POS actually is? What does it do with your transition?

It calculates the amount that is to be paid by the customer, displays the amount, and prepare an invoice or a bill to handover to the customer as a record. It also indicates the relevant mode of payment which the customer can choose from. In short, it is a point where the customer pays for the goods he bought and in exchange, the merchant will issue him a receipt of the transaction. Now you will think how this Point of sale is helpful to elevate a business like a storm. Let's begin the real story.

Investing in Point of Sale (POS) software may seem to be a waste of money or unnecessary spending, but believe me if you look from a business angle, it is a hen that yields golden eggs (sounds weird but true). You may find a significant profit if you are really into business tactics. POS or Retail shop software serves in various industries including Retail Stores, Restaurants, and even Hotels where the matter is all about how much you earned on a particular business day.

POS definitely provides a new world of data to your business. The traditional cash register fails in many areas. Hence we will discuss some of the useful points that will be useful to get a conclusion for why investing in POS and Retail billing software is the best idea?

The required accuracy: Cash registers work by pushing in buttons which may introduce errors while POS software brings everything to a computer, which gives you almost 100% accuracy.

Control your stock: Biggest issues that are faced by enterprises and retailers is to manage their inventory. POS brings in-built inventory management. So you can manage your stock and retail on a single software.

Instant Access: It gives you instant access to all your data including the items sold, date and time batch, promotional codes, etc. It gives a clear picture to the inventory manager that what is to be bought in the upcoming week, what is there in the condition to put it on sale, and so many other things.

Intelligent business: Billing software for the retail shop is always a clever idea to take your business up without worrying about any loss of data or accuracy. Hence investing in POS or Retail software is the most intelligent business step you would have ever taken.

Remote access: Improved technology gives remote access on Android platforms as well.

It is Trending: Yes, if you want to win, you have to be updated and always ahead of your competitors in all the terms. I don't know if you have proper data about your competitors or not, but according to my experience, the Retail Software in India has reached up a peak level where each Retail Business is advanced, sophisticated and one step ahead form each other. Why be behind when you have such a prominent option to implement on your business.

We at P A IT systems develop Retail software for all kind of retail business in Pune as well as all over India. Our idea is giving the best solutions to clients and customizes technology for them. We also deal in hardware AMC, where one need not worry about IT infrastructure; hence P A IT is one stop solution for retail software POS and hardware required for it.

Source: Pait Systems