Retail management software systems track and expedite point-of-sale and business processes, and any good retail management software helps you do everything from one point, say, the company headquarters. They also provide comprehensive card processing, including discounts on merchant services.
You may be an entrepreneur running several stores in the same city or in various cities separated by several hundred miles. Being in all the stores all the time is obviously impossible, but you'd like to keep track of things that's happening in all the stores all the time, which is possible. Having people report everyday will be a great effort and data will be far from accurate. Instead if each of your stores is connected to each other and to you, communication becomes easier and you'll be on top of things all the time. Automation and electronic communication is at the heart of the process. And your retail management software makes this possible.
A retail management software lets you accurately order new stock. You just compare with past sales and you have a rough estimate of how much more you need. You can also compare costs between various vendors using your past purchase orders and order from the lowest priced one. All this you can do from sitting far away from the real store.
Features to expect from your retail management software:
- purchase orders
- sales tracking
- advanced reporting
- promotions processing
- advanced security features
- customer relationship management
- employee management
- inventory control and tracking
- Saves time
- Saves money
- Optimizes resources
- Gives more control over the entire operation
- Gains customer goodwill - when you accurately track her buying behavior and keep her an exclusive gift next time she visits the store.
Every HRMS that is cut out to win has five characteristics. See if your HRMS has those and if it doesn't have any of the factors now, act now to put your business on the success track.
Scalable infrastructure
Assess if your HRMS fits into to your 10-year plan, if it supports multiple languages so that people from all locations can benefit from a single platform. Also see if you can put the solution on the cloud, where some other company takes care of the scalability and assures maximum uptime. Find out if existing employees can use the system readily and the system extends to support the needs of the new employees – organically or through mergers and acquisitions. The solution should integrate existing benefits and policies and should be capable of supporting future employee benefits also.
Tasks, workload and automation
The solution support users to share workload by assigning tasks to each other. Scheduling and calendar functionalities are indispensable in any corporate setup. Also important are user-defined triggers, e-mail based alerts and notifications and reports that all help to communicate effectively, respond to employee requests quickly and see objective data whenever they need.
Strong reporting and querying capabilities
The HRMS should also have the ability to support various HR and compliance-related reporting needs, including Equal Employment Opportunity (EEO), Military/Veterans (VETS), and Occupational Safety and Health Administration (OSHA).
In a complex solution like a human resource management system, data come from multiple streams. All of that is intelligence if properly analyzed and acted upon. This is made possible by querying and reporting tools that support both native language processing and SQL processing to empower users with a wide range of knowledge. The solution also provide security and access controls to them. All of this helps generate sophisticated reports that comply with internal and external regulations and aids intelligent decision-making.
Integration with other software tools
Single sign-on, e-mail server integration, active directory, LDAP, third-party payroll services, benefit carriers or other internal legacy systems, and the ability to import data from other source system are all becoming necessary to the ever-becoming-complex corporation. Streamlining is the only way to keep our lives in order. Data integrity and eliminating the entry of redundant data is also a key requirement.
Data export to other popular formats like MS-Word, PDF, MS-Excel help share data across the entire organization and outside without the need for installing new software.
Workflow management and self-service
Leveraging user-configurable menus and role-based forms, HR teams can automate time-intensive and multi-step or multi-person processes such as life change events (name change, new dependant, etc.), new-hire activity, terminations and training. As a result, HR professionals will enhance their productivity, reduce their training and administrative expenses, ensure faster and more accurate transaction processing, and lower the cost of collecting and delivering HR-related services throughout the enterprise.
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