What is retail ERP software?
A Retail ERP software is an essential component of any retail business that helps simplify the billing, inventory, purchase, accounting, reporting, customer relationship management (CRM), loyalty, and supply chain operations of a business. Aspirational and growing retail businesses consider retail ERP systems to be an investment as it gives the decision makers peace of mind when managing the entire operation.
Why do retailers need ERP software?
Today, retail is not just about buying from suppliers and selling to customers. Changing market dynamics and consumer behavior has forced retailers to give a superior experience to their customers in order to acquire and retain them. Choosing the right retail ERP software for their retail business gives them the power to learn the exact cost of doing business and how they should invest profits for the benefit of retaining customers and scaling consistently.
How is ERP used in the retail industry?
Retail businesses have multiple tools and methodologies to manage different operations of their business. Most of them have basic billing software and unintegrated accounting software, but all other operations are done through paperwork. A retail ERP software eliminates this by enabling an all-in-one solution that helps seamlessly manage all business operations from POS billing to balance sheets. ERP software for retail businesses offers real-time visibility in the omnichannel world we are living in today, accuracy to make timely decisions, and improved operational efficiency.
What is cloud-based ERP software?
A cloud-based ERP software is deployed, operated, and managed over the internet (cloud infrastructure). It gives the freedom for retailers, restaurateurs, and distributors to manage their business from anywhere and from any device to reduce the capital expense of setting up the infrastructure on their own. A cloud-based retail ERP software helps businesses perform all operations like billing, purchasing, inventory management, reports and business performance monitoring, accounting, and customer relationship management.
Benefits of using a retail ERP system
There are five major benefits of a quality retail ERP software:
- Deliver a delightful shopping experience to customers.
- Manage all operations efficiently, from billing to balance sheets.
- Connect and collaborate with stakeholders for maximum productivity and profitability.
- Make data-driven timely decisions and execute them on the move.
- Guarantee growth with minimal staff and minimal skills.
Importance of ERP software in the retail industry
Retail is an ever-changing and highly competitive industry. Every single individual is a consumer within the retail industry, making retail ERP software essential in understanding consumer behavior and procuring products based on demand. Operated with minimum cost in order to grow consistently, ERP software for retail businesses helps in two fundamental areas:
- Reduce costs by operating with minimum inventory and the smallest workforce to define the right margins.
- Increase profits to expand market reach and build a loyal customer base for repetitive business.
Why is cloud-based retail ERP software preferred more in the retail industry today?
With cloud-based ERP software, all business data is stored in the cloud and businesses can monitor all the operations anywhere, anytime, and on any device. With cloud ERP software, the up-front costs are lower. As the software development moves into a CI-CD (continuous integration, continuous deployment) model, cloud-based platforms can help manage frequent updates better. That means no downtime and faster rollout of features that are required to stay ahead of the market. cloud-based ERP software provides centralized deployment. This ensures all data remains on the cloud, and what users do with the data can be easily monitored and controlled without worrying about security.
Why is Gofrugal the best ERP software for retail, restaurant, and distribution businesses?
Gofrugal offers an easy-to-use, affordable, and smart collaborative platform with integrations to various marketplaces, ecommerce platforms, loyalty providers, business intelligence systems, forecasting-based reordering tools, digital wallets, banks, and statutory networks. Gofrugal ERP paves the way for businesses to grow efficiently by offering five major benefits:
- Simplified business processes and the freedom of choice to choose the operational device.
- Reduced cycle time and data entry that works across the value chain.
- A small learning curve requiring minimal training, educational qualifications, or experience. Operational even with a small staff.
- Increased accuracy and timeliness of information leading to better decision-making for accurate and reliable solutions.
- Flexibility to address changing business needs in an agile manner, transforming your business digitally in simple and smaller steps
How can I download free retail ERP software from Gofrugal?
Download and start experiencing retail ERP software from Gofrugal in a matter of five minutes. Click here to download free retail ERP software for your retail business and enjoy a 30 days free trial with complete access to all features.
What is the cost of ERP software?
To start with, ERP software is not a expense but an investment to your business. Restaurant ERP software starts from as low as Rs 500 per month, and retail ERP software starts from as low as Rs 750 per month. Click the links below to read the detailed pricing plans for ERP software, complete with feature comparisons.
- Retail ERP software
- Restaurant ERP software
- Distribution ERP software
