Managing the constantly moving stock, differently priced products, discounted goods, tailored loyalty rules, and high numbers of staff with manual methods, especially when dealing with multi-location stores, is often subject to human error. This leads to discontent among customers and even business losses.
Therefore, your need for powerful retail Cloud ERP software in 2021 becomes inevitable. It is a completely integrated system that allows you to manage all core aspects of your business. Its main goal is to automate and simplify your retail processes while providing transparency and alignment across the departments.
Thus, the retail cloud ERP software facilitates quick movement of information and flawless workflows, allowing you to make well-informed decisions and bring the best possible outcomes to your business.
Must have ERP Modules in Retail Cloud ERP Software
Getting all the benefits of Cloud ERP in the retail industry is subject to the presence of exclusive features. Without them, the system might be able to manage certain areas of your business, but in the long-term, as your requirements change, implementation effort is going to far outweigh the benefits.
Below is the list of ERP modules that Cloud ERP used in retail stores must-have.
1. Multi-Location Inventory Tracker from Anywhere
The Cloud ERP for the retail industry must essentially include an inventory management feature as the functionality would help you maintain balanced stock levels in your warehouses and avoid the crisis that might arise due to overstocking or under-stocking of goods.
By having a streamlined and automated inventory management process, you would be benefited from real-time visibility into your stock movements, frequent cycle counts, clarity on margins, and accessibility of sales reports. This would allow you to identify and make effective purchasing decisions to support the quick replenishment of your top-selling goods while phasing out of low-selling products quickly and easily.
2. Flexible Product Management
Store display has a major role in increasing or decreasing your sales. The right product mix at your retail outlets lets your customers easily find and buy what they want. This results in more satisfied buyers and loyal customers with an increase in returning visits.
A tailored retail Cloud ERP software helps you to identify the buying trends at your stores. Thus, the system enables you to achieve the flexibility needed to create and manage appropriate product mix at all your store outlets, based on the product sizes, colors, season, and other variants that your customers might be interested in.
3. Integrated with CRM Software
Customer satisfaction is the key to your retail business success. A dedicated customer management module in the retail Cloud ERP software would help you overcome customer-related challenges and provide you with the necessary support in managing modern customer relationships.
The system gives you a unique ability to collect and access customers’ order history and interactions. Using this information, you are able to gain more clarity about your valuable shoppers, engage them in a consistent and truly personalized manner to strengthen relationships with them, and generate more sales.
4. Easy Returns Management
Return is a crucial retail process. It allows you to bring products into the warehouse stock after they are sold for reselling, or when they are damaged in transit or are faulty. Further, these products are placed in the quarantine location for the quality check to review or completely write them off, as needed.
This is a complex procedure and so needs a specialist retail Cloud ERP software that is flexible enough to support you in managing the returns for each request.
5. Effective Loyalty Programs Management
Recognizing loyal customers and providing them with personalized services is critical for generating continuous sales and initiating up-selling or cross-selling.
Modern retail cloud ERPÂ software enables effective loyalty program management. The system allows you to create tailor programs for different loyal customers while keeping track of the promotional schemes and their outcomes in line with your retail practices. The special shopping benefits are likely to lure your existing customers to increase their purchase rate and help you earn more referrals.
6.POS Software Integrated
Your customers look for quick order processing and ease of payments. For this, your Cloud ERP system needs to comprise an integrated POS terminal to help you expand the payment capabilities, enable billing accuracy, and increase the efficiency of your employees. All these can be achieved through the system’s intuitive UI.
Picking the Right Retail Cloud ERP Software Provider
Keeping control over an array of day-to-day retail activities can be a real hurdle without the right Cloud ERP software. Although finding the perfect system is tricky, our team of Cloud ERP consultants can assist you in your search for finding the best Cloud ERP for retail.
Averiware is one of the trusted providers of business management software offering the best Cloud ERP software for the retail industry that is designed with a myriad of necessary features to support you in managing every retail operation more proficiently.
Why Fully Stocked Warehouses Need Cloud Inventory Management Software? Let’s be honest: all-night stock take blitzes and over-complicated excel spreadsheets are painful to use, unnecessarily labor-intensive, and incredibly outdated.
Why torture yourself and your team when there are cheaper and faster options available online? Sure, you might run a small business on a tight budget and can’t justify big, fancy new software. Luckily for you, cloud inventory management is actually more affordable than the old-school methods you’re currently using and that’s just one perk.
Below we’ve compiled seven reliable ways, cloud inventory management is a smart investment for your business. Let’s discuss a little deeper.
1. Access Real-Time Inventory Control
Easy stock control is one of the most exciting benefits of cloud inventory management. Instead of combing through piles of reports from different systems and departments or worse making “educated” guesses cloud software lets you view up to the minute data on inventory levels through easy-to-understand reports and dashboards.
And instead of relying on special, manual stock-takes that require extra labor and could interrupt your operations (costly for growing businesses and large, multi-location companies alike), cloud inventory software often includes features like QR code tracking that allow you to actively measure stock as it flows through your operations which can save you much more than the cost of a monthly software subscription.
But the time-savings don’t end there the automation cloud inventory systems bring can drastically reduce the number of costly human errors you and your team make.
2. Get Up-To-Date Inventory Reports & Insights
If you’re business savvy, you probably know your top 5 best-selling products but do you know your lowest-selling? You may notice how well you sell during Christmas, but do you know when demand actually peaks and troughs?
Questions like these are answered by inventory reports automatically generated by cloud software. By knowing your lowest-selling items, you can make strategic decisions like upgrading those products, changing your marketing tactics, or ditching them altogether to focus on something new.
And knowing when demand for your products is actually at its peak, you’ll be able to order enough stock without overdoing it, saving money and storage space while also maintaining enough safety stock to prevent “out of stock” notices that cost, you customers.
With the inventory reports, you’ll get from cloud inventory software, you’ll be able to deeply understand the last quarter so you can effectively forecast for the next, which means better customer service and faster business growth.
3. Speed Installation & Easier Employee Training
The old way of doing business required you to install software on each and every computer your team uses and have a dedicated IT department to keep that software running.
This cuts into profits slow down training time and increase labor costs. Cloud software doesn’t require any additional employees or special hardware you just log in and get to work!
And since they don’t rely on dedicated in-person training to teach your team how to use the new software, most cloud companies have streamlined their software’s learning curve so that everyone can understand the basics and start using it on day one.
4. Quick QR Code Tracking Systems
QR and barcodes are essential to modern cloud inventory management; if you’re not using them, you’re practically living in the supply chain dark ages.
Paired with the right cloud software, they provide detailed, real-time insight into your inventory levels across your operations, saving you from ordering too much (which forces you to sell at clearance prices) or ordering too little (which forces you to break out that costly “out of stock” sign).
While this is a more effective strategy than depending on educated guesses, with a reliable cloud inventory management system that uses QR or barcode technology, a few simple changes to your production processes can provide much more accurate data that lets you know exactly how much inventory you have in stock – saving you hours of time and reducing human error.
5. Smooth & Continuous Ecommerce Integration
Can you imagine manually entering all the data from your e-commerce platform into your inventory management system, and then again into your accounting software? If you operate like many other businesses, you might not have to imagine it – that may be your day-to-day reality. Fortunately, you can sidestep or end that nightmare with cloud inventory management software.
By automatically syncing data across multiple top business applications like Shopify and Xero, modern inventory management software can save you a ton of time spent on manual data entry.
This allows you absolute control over your operations across all channels, enabling you to see where your inventory is currently held, the status of your purchase and sales orders, and ensure your accounting is up to date and accurate all from one place.
6. Manage Multi-Site Operations from Anywhere in The World
While there are many benefits of cloud inventory management, one of the most important for the busy entrepreneur is being able to operate their business any time, any place.
With cloud software, you can manage multiple warehouses wherever you are, allowing you to buy, sell, and manufacture with ease. If your team operates remotely, then your product manager in Detroit can update your distributor in New York in real-time.
And you can generate reports on the spot for a trade show in LA or for a business presentation to new investors in Hong Kong. 24/7, anywhere accessibility makes cloud inventory software perfect for startups without a physical location and international companies alike.
7. Upgrade Your Business with Cloud Inventory Management
Today, there’s no good reason to use clunky, complicated and error-prone manual methods of supply chain management. With the right cloud inventory management software, you’ll save more than enough time and money to justify the upgrade. Sure, you can stay stuck in the 20th century. Or you can invest in the continued growth of your business by updating your inventory management systems today.
Ready to Take Back Control of Your Inventory?
If you take money out of the equation, would you move? Is the cost of switching out of your accounting / or ERP solution stopping you? Or is it the years of data that you don’t want to lose the main factor?
We understand that these are two reasons organizations stay with their existing solution. Migrations of you past data is time consuming and expensive, there is also a wealth of historic information and it is easier to stay with the existing solution than to lose years of information.
In an effort to help our future customers, Averiware will help migrate their data at no cost, (FREE!!!) However because this is a big effort we need to make sure we understand what your expectations are and make sure we can migrate the data. Below is a list of the steps we will take and requirements / limitation on our offer.
The Organization should have at least 5 user licenses
Our Free Migration is limited to 3 years of financial data. * We can provide a quoted of additional years.
The customer must sign up for a 6 month commitment.
The billing will start form sign up date and data will be fully migrated in 30-60 days.
A contact from the Organization will need to be available to address any questions or calcifications related to the data being migrated.
We need to be able to access the data base to pull the information or be provided CSV files with the data to be migrated.
We need to have an online demo and consultation to review Averiware discuss your business and so we could find make sure Averiware would be a fit for you.
Several people have asked me why would you do this….And have asked if I’m crazy. (I think a little crazy is ok), or are we desperate? Well the real reason we want to do this is to identify customers that may be a good fit for Averiware and remove some of the obstacles or barriers in the way for them moving into Averiware.
As I always say to organizations looking at moving to Averiware if you do not have any reason to move out of your current ERP / Accounting system don’t and defiantly don’t call usJ. We are not trying to convince people that Averiware is better than their existing solution. We know that for business that have identified several pain points we can be a good fit. By reducing the cost of migrating business into Averiware we hope to reduce on.
If you feel you may be a fit send me a note and we can help see if Averiware may work for you.
If you are a distributor, what business are you really in? On a day-to-day level, your business sources product from suppliers, stores it until it’s sold, and then transports it to customers. In its essence, though, a distributor is in the money management business.
You’re taking cash and turning it into inventory. Any operational or customer-related issues that further stretch out the payment for a sale is lowering your return on capital even more. If you borrow to finance a distribution business, you’ll understand this problem deeply. But today, Distribution Cloud ERP software gives you new ways to cut costs and shorten the all-important cash cycle.Â
Let’s discuss the most common challenges today’s distributors can solve with cloud ERP software solutions.
1. Get rid of Supply Chain Inefficiencies
Fulfilling customer orders with deliveries from suppliers can become troubled as distributors scale up operations. For-profits to be maximized, the flow of goods must be quick and accurate. Backorders, slow fulfillment, and poor customer service can doom even the most established business with competitors ready to pounce. Cloud ERP enables distributors to manage workflows with ease and control. Intuitive dashboards allow employees to fill orders according to specific pre-determined criteria – priority level, shipping method, preferred carriers, and more. Supplier portals based on Kanban methodologies can help restock popular items in advance before they sell out.
2. Reduce order times
Automated sales order processing, which is available in Cloud ERP solutions, eliminates delays in order fulfillment and shipping. The suite usually also enables you to set up rules to handle credit, returns, drop shipments, and so forth across multiple warehouses.
3. Increase in Profit Margins
Wholesale distributors understand that streamlining operations and executing error-free fulfillment is critical to preserving the profits earned on each sale. Mistakes returns and backorder scenarios can eat into already razor-thin margins. Distributors using Excel spreadsheets or QuickBooks often lose money due to pricing errors when formulas are mistyped, causing merchandise to be inadvertently sold at a loss. Distribution Cloud ERP software that unifies cross-departmental data are able to maintain correct pricing across the entire business at all times.
4. Run an efficient warehouse
The more efficiently your warehouse(s) run, the more profitable your distribution business will be. A Warehouse Management System, which comes with many modern ERP suites, lets you streamline your distribution processes. The system covers workflows across receiving and inventory management as well as the operation of tools like barcode scanners and mobile devices.
5. Enhances Remote Work Capability
Over the last decade, Cloud ERP technology has enabled more and more businesses to allow employees to work remotely, or to let key managers access vital systems from anywhere in the world. On vacation? Want to check on orders before bedtime? On the road to meet a new supplier? Distribution Cloud ERP systems allow distributors to check-in and work from anywhere, at any time. All that’s required is an internet connection and a web browser or mobile device. The recent pandemic has made the ability for distributors and their employees to work remotely even more critical and will become the norm in the years ahead.
6. 24/7 Employee Communication
With employees utilizing phone, email, texts, and instant messages across multiple warehouses and distribution centers, distributors are often faced with the challenge of employee miscommunication. Having a single source of an order or item can be achieved with a modern Cloud ERP system. Why call suppliers about pricing when this can be easily looked up within the system? The Cloud ERP serves as the single place where all documents, customer interactions, and product information can be easily pulled up and shared without the need to pick up a phone.
Averiware gives you full business control over your supply chain and logistics activities, including warehouse management, inventory management, and order management. Built-in the cloud and customized for your needs, Averiware helps companies improve customer satisfaction, reduce order times, and control costs across the entire supply and distribution chain.
Click here to learn more or Request a free demo now.
As technology becomes more integrated with the way businesses are run, stronger importance is placed on connectivity and ensuring that any automated processes work in tandem to complete the intended tasks. ERP software creates a mainframe for an operation to run on, be it product planning, development, manufacturing, sales and marketing, and more.
Why ERP is needed in purchase management?
Think about the hours and effort that go into purchasing: creating tracking numbers, filing orders, checking inventory, making a purchase history, coordinating with suppliers, and so on. Purchase management ERP can simplify many of these tasks by automating them and providing accurate data results.
Let’s dive a little deeper into what the ERP software can do for your purchase management chain, below are the amazing features that definitely improve your purchasing process.
1. Seamless Purchase orders
This document is the core of procurement. It is a request to deliver something within a time constraint. This should be common to every ERP system. Every ERP purchase order is broken down to include a PO Line, each line refers to a single specific item and releases where multiple delivery dates can be specified.
2. Quick Card Payment support
Often procurement is completed without a purchase order. Card payment is quick and easy and avoids the necessity of establishing credit between the parties for a single purchase. ERP manages these transactions directly through financial processes where the general ledger account is posted without a purchase order receipt. Some can even process the payment clearing through integrations with payment processors.
3. Easy Contract management
The importance of contract management within an ERP purchase module comes down to ERP’s role as the financial hub of the business. With accounts payable and receivable integrated with contract management, missed deadlines or milestones should be a thing of the past.
4. Get access to the Supplier database
ERP should have databases to record the suppliers and vendors from whom purchases of materials and services are procured. The databases will have names and addresses, the commodities the supplier can provide, tax identification data, and a related database with contacts.
5. Crystal clear Supplier audits
Procurement includes supplier audits and ERP should support quality assurance at the same time it supports procurement. We can expect quality assurance to be used by the supplier and performance verification will ensure something is made or supplied in the way we want. An audit, generated by ERP, from purchasing, engineering, and quality personnel can verify our expectations are met.
ERP is an all-in-one solution to improve your purchase process!
With all the tasks and processes that are required for purchase management, it makes sense to utilize software solutions to help take some of the load off. Not only can ERP reduce inventory errors and provide more accurate analysis of product sales, but it can also assist you in providing top-of-the-line customer service and ensure that purchase never goes missing. It’s an all-in-one solution to help you manage your business while saving you money on labor costs as well.