In today’s ultra-competitive world, consumers have become more cautious while purchasing. With the advent of online business, the number of options and purchasing channels have skyrocketed. To stay at par with the customers’ demands, the retailers need to remain updated with the latest retail management software that is blended with technology to give the best customer services across multiple channels to generate revenues and drive growth.
This article has a comprehensive list of such multi-channel retail inventory management software that has integrated functions like e-commerce, marketing, inventory management, merchandise, financial and warehouse management and CRM all in a single centrally operated inventory management solution that can benefit your business.
Top Retail Inventory Management Software to Watch Out
1. HDPOS by Hyperdrive
The cloud-based HDPOS is a billing and inventory account management software. It is easy to use, feature rich, affordable, does not require SQL, installed on server and client computer, has a 30-day free trial version and is used for multiple cash registers.
Features
- Inventory Management
- Batch Management
- Coupons and Offers
- Event log
- Manage your customers
- Smart Billing
- Financial Accounting
- Access Rights
- Generate Extensive Reports
- 2-way SMS Support
- Drill-down Reports
- Manage Multiple prices
HDPOS offers the add-on services that can help you hold your retail business online with complete simplicity.
2. Shoper 9 by Tally
Tally solutions make a centralized framework available for all point of sale (POS) necessities.
All the aspects of POS from sales, inventory, revenue collection, and profit margins can be integrated. Tally provides cost-effective enterprise solutions that are developed and customized keeping in mind the individual requirements of clients and their areas of operation.
With the evolution of technology, businesses have to keep in step to benefit. They often challenge faced is to satisfy customers at the same time. Shoper 9 has been designed by Tally to grasp lakhs of SKUs, thousands of proceedings per day, and hundreds of stores in the chain. The modern retail business core strengths get to be used to full advantage this way. Shoper 9 shows the best of the breed by way of its unequaled retail expertise and rich development.
Shopper 9 has incorporated top features from the prominent control of promotions to the detailed stock reservation. This retail management software pinpoints and solves common problems such as multi-head office operations, the exchange between different warehouses and stores. Shopper 9 is chosen by India’s leading specialty stores, and it is successfully serving the apparel, textile, and footwear segments.
Features
- Streamlines with GS1 Standards
- Can deal with a high volume of SKUs products and transactions
- Manages business data and relevant information
- Has the option to customize the business logic as per business needs
- Allows for multiple pricing for a single product and one can choose the most relevant price when recording a transaction
- Lets you categorize your business elements based on zone, city, state, country, and store levels.
- The enhanced security makes sure that all data is completely safe
3. MARG ERP 9+ Retailing Software by Marg
Retail management software by Marg addresses the challenges of small and independent aspirants. It helps retailers and large multi-store retail chains to manage their complex businesses. Their sector-specific orientation, built using the latest technologies, assures retailers ‘a visible improvement’ in customer engagement. It helps them source the right product at the right price and at the right time.
Features
- Stock reports of the different categories of drugs
- Supplier details and fresh/near expiry/ expired stock
- Single and multiple users
- Generates separate supplier wise stock reports
- Directory of suppliers and customers
- Printing of labels
- Data security
- Individual hospital software
- Printing of a report from anywhere in the world
Looking for Retail Software? Check out SoftwareSuggest’s list of the best retail software solutions.
4. PrimaSeller by PrimaSeller
Primaseller is one of the promising names in the category of retail management software. The software provides a flawless interface with incredible features. One can very easily sell the product by fetching the customers from various marketplaces like Amazon, eBay, Flipkart & many more.
A very handy feature of this software is in-store POS billing which may help you manage your physical store sales. Further, one can very easily synchronize inventory. Whether offline or online, you can always have access to your inventory irrespective of location.
The option to create digital catalogs for your products adds extra essence to the product. The user-friendly interface and responsiveness of the site add to the comfortability of the user. Also, the data is secure and safe with SSL security.
Features
- Allows you to bill and monitor your walk-in clients via a mobile device or a web browser
- Integrates with top-class shippers like UPS, USPS, DHL, and more
- Gives you quick access by gathering all your online orders from different sites at one place
- Supports multiple currencies to help clients working across globes
5. Gofrugal by Gofrugal
Gofrugal has specialized retail billing software to address unique needs. It is comprehensive retail billing software that fits any size or type.
Features
- Fast Billing
- Inventory
- Smart reports
- Integrations
- CRM & Loyalty
- Multi-store management
It serves the unique industries as well: Supermarket Fruits & Vegetables, Groceries & Departmental Stores, Pharma & Healthcare, Apparel & Footwear, Electrical & Electronic, Lifestyle & Fashion, Specialized Retail. It also has a mobile app that takes orders, verification of the stock status and steward management for various industries. It works seamlessly on three devices – Online POS, Mobile POS, and Desktop POS.
6. AcTouch by AcTouch.com
AcTouchis designed for retail and inventory management. The product provides best-in-class audit controls and financial reporting capabilities. It is diligently designed for working professionals & SMBs businesses that process significant volumes of transactions.
While using the software, you will experience a very comfortable interface with large icons on the dashboard. The software incorporates 250 functionalities and the design of the menu is such that one can easily navigate features that he/she would like to use. The overall design is simple which saves you from spending too much time learning the software. The software is also very fast to load which would help you in increasing your efficiency.
Features
- Generates professional-looking invoices and the sales order
- Easily manages inventory with its set of tools, like real-time stock, sales, and purchases, ABC costing, and POS integration
- Helps you monitor your purchases and track receipts
- Enables alert messages when you need to replenish your stock again
7. eLite ERP Retail by Accusol
This ERP software is designed especially for small- and medium-sized businesses like retailers, clothing and apparel stores, grocery stores, Spa and salon stores, and store franchisee.
The eLite ERP Retail enables smooth and flawless operation of sales, inventory management, and supplier and customer management. The reason why it is preferred much is due to its user-friendliness and interactive dashboard that enables the user to have a complete overview of the transaction.
Features
- Interactive dashboard
- Complete control of inventory management
- Re-ordering facility
- Provides supplies for schemes
- Ease of accounting
- Coordination with weighing scale
8. RetailPRO by Integrated Retail
RetailPRO enhances your store’s inventory management and POS thereby leading to cost reduction and increased efficiency by employee management, managing the back and front office, call center, e-commerce, and order fulfillment.
Features
- CRM
- Loss prevention feature
- Reporting tools: They are used for retail inventory management and sales and purchase. Each report can be customized as per your requirements
- Customized user interface tools
- The best solution for chains and franchise
- An effective solution that gives you peace of mind
- Advanced features for saving time and money
- Increases your revenues and profits
9. Uniretail by VRS software
Uniretail is powerful and fully integrated business software that provides solutions to retailers, distributors, and wholesalers. It is user-friendly, affordable, easy to use and can be quickly implemented. Based on the Microsoft .net platform, it has SQL server as a back-end and can be used in online and offline mode.
Features
- Comprehensive sales management system
- Inventory management system
- Consumer relationship management
- Managing accounts and finance
- Generating reports
- Generation of advanced MIS reports: Analysis reports of sales, stock, comparative analysis, and ABC reports
With the effect of these software solutions, the retail industry is also set to see some extreme changes taking place in the future. It will open up new possibilities for the retailers at the point of sale.
Wrapping up
The retailing software’s are aimed to reduce the manual operations and make the entire process right from inventory management to CRM, POS, tracking sales, billing, and ultimate profit generation a transparent process. Most of them are affordable and designed for small and medium-scale organizations and can be used for business sizes.
There are much retail inventory management software available in India. But you need to understand which software will satisfy your business needs and select the software accordingly. Before finalizing the decision, you can go through the list of more retail management software.
Chirantan Patel is the Product Manager at Softwaresuggest & Callhippo, an Inc. 275 company that researches and analyzes software to educate, advise, and connect buyers and sellers of business technology.
