Retail Management Software or commonly referred to as Retail ERP Software is an ERP software package designed to simplify the overall retail business operations, from acquiring goods and managing stock of goods as well as managing customer orders to returning goods.
In Singapore, there are quite a number of software providers offering automated solutions for businesses. However, there are only a few providers that offer all-in-one software for retailers. The following list is the top five Retail Management Software that you received.
Table of Content:
Table of Content
1. HashMicro’s Retail Management Software
HashMicro which is one of the best ERP software from Singapore has expanded to Indonesia, as well as offering the most complete retail management solution. Used by various well-known retailers such as The Face Shop, Masari Group, Hermès, Under Armor, Copia, and many more. Besides, HashMicro Retail ERP features to provide convenience for retailers to manage multiple stores or warehouses across different locations.
Moreover, HashMicro retail management software consists of integrated modules that simplify retail business processes such as POS system, inventory management, procurement, warehouse management, and marketing automation. Here is a brief explanation of each module:
Point of Sale (POS)
HashMicro POS Software simplifies transactions at cash registers by allowing cashiers, in order to manage payments flexibly using mobile devices even during offline mode. Besides, its features include multi-store management, multi-payment methods, barcode integration, discount management, product return and exchange, product and price synchronization, and also customer loyalty management.
Inventory management
HashMicro Inventory Management Software makes it easy for retailers to manage their inventory, from monitoring stock levels, tracking stock movements, forecasting inventory needs, as well as generating inventory reports across multiple locations.
Procurement
E-Procurement helps retailers simplify the process of acquiring merchandise from suppliers, by automating the generation and delivery of purchase orders, requests for quotations, blanket orders, and many more.
Warehouse management
Warehouse Management Software from HashMicro simplifies various warehouse operations such as receipt of goods, internal transfers, order shipping, and also product returns.
Marketing automation
Marketing automation automates the marketing process in an effort to gain new customers, along with improving customer retention through features such as mass mailing, web visitor tracking, SMS marketing, campaign management, and a lot more.
In addition to those five modules, HashMicro Retail ERP also offers several other retail management modules including Accounting, Human Resource Management (HRM), E-Invoicing, Supply Chain Management (SCM), and Help Desk Management.
2. SAP
SAP offers a complete solution to retailers in Indonesia to transform their businesses. Some retail companies already have implemented it, such as Juice United, Beyond, Eiger, and Zalora.
In addition, SAP provides a complete retail package covering marketing and sales management, product development and design, and omnichannel management. Here are some features that are included in the package:
- Master data management
- Merchandise planning
- Sales promotion
- Consignment sales
- Consignment purchasing
- Payment management
- Inventory replenishment
- Data synchronization
- Report generation
Also Read: Benefits of a Marketing Automation for your Retail Business
3. Deskera
Presented in Indonesia, Deskera, headquartered in Singapore, is now available to support the growth of various businesses, including retail. Deskera’s ERP package covers a wide range of processes such as purchasing, sales management, accounting, inventory management, and supply chain management.
Deskera ERP retail management software features are:
- Retail planning
- Store operation management
- Inventory management
- SCM management
- Demand forecasting
- Vendor management
- Customer management
- Financial management
- Database management
4. Ukirama
In fact, Ukirama ERP is one of the best alternatives to consider if you own a consignment retail business. Besides that, there are some retailers that already implemented it, such as Camel Active, Byford, Pierre Cardin, and Beverly Hills Polo Club. Some of the features offered include:
- Multi warehouse management
- Multi-currency management
- Accounting
- Approval management
- Report generation
- Payroll management
5. Turboly
Turboly is another Retail Management Software that you should consider, especially if you own a small and medium-sized retail business. There are some retailers who have already used it such as TM BookStore, Nature Republic, and Keeve Shoes. Turboly retail management software features are:
- CRM
- Membership & loyalty management
- Product management
- Inventory management
- Warehouse management
- Discount management
- Purchasing management
- Sales Analysis
- POS
- Financial management
Also read: Advantage ERP Retail Software for Supermarket System
Tips for Choosing the Best Retail Management Software
Finding the perfect Retail Management Software for your business can be quite complicated. Because you will have to conduct some research and have some considerations. In order to make your journey easier, so this is what are the most important criteria when choosing retail management software features:
1. Set your budget
Determine the budget you are willing to invest in a retail management system and also remember to meet several vendors offering prices that fit your budget.
2. Know your business requirements
First, You have to figure out all your business needs. Then, involve your entire team to find out the needs of each division and branch if you run multiple outlets. Afterward, find out the features you should look for in a complete retail management system.
3. Reach out to a business software expert
One of the most effective ways to find the best retail ERP software is to talk directly to a business software expert. Therefore, you can ask some questions related to the topic, such as: First, does the retail management software features that you are considering fit your business needs? Secondly, how flexible and customizable is it? Lastly, what kind of support will you get by using the system?
Also Read: 16 Best ERP Software in Singapore You Should Know in 2022
Conclusion
That’s an explanation of five Retail Management Software that you should consider along with tips on choosing them. Don’t hesitate to discuss your needs with a trusted software consultant. HashMicro provides free consultation and demos for those of you who are looking for ERP Software for your retail business or other automated solutions. Learn more about HashMicro Retail ERP to automate your retail business operations.
