Ginesys got featured in Silicon India Magazine as the Top POS Solution Provider. The article highlighted on the need to invest in the best retail Point of Sales (POS) software by retailers to keep complete track of their business with the increasing growth of the retail and it emphasized on how Ginesys, providing efficient ERP and POS software to retails for than 15 years, stands out with its cutting edge retail ERP system which instead of having different ERP modules has a single software that carries out both ERP and POS functions seamlessly.
The article also outlined the features of Ginesys as a complete, comprehensive, integrated, robust and scalable and update-driven solution for retail value chain offering a complete range of services ranging from procurement, to production, Inventory, sales & distribution, Retail Management, Point of Sales, Data Analytics, Automated notification, Finance and Accounts and e-commerce integration.
With a strong customer base of more than 500 brands such as Mufti, Manyavar, Being Human, VMart, Soch and many more, Ginesys is now working to keep its products up-to-date to meet the expectations of the ever-changing and dynamic retail industry.
In Ginesys Store Management System Software it is required to allocate item master (the item details) to a store before any transactions can be done in the store. Item master means important information like name, product type, price, brand, color, category, size, material, SKU etc. Ginesys retail store POS software now makes it possible for stores to search item details even when it’s not available in the POS system through allocation or goods receipt. The mechanism allows searching the item detail entered in the head office inventory management software. If item is found in HO, the item details can be downloaded. If allowed sales could also be made with zero inventory at store since item data is already available. After making the sale at the store POS, physical stock could be procured from the warehouse to complete the transaction.
V- Mart, the “Value Retail” departmental store has expanded further with the opening of it’s new store in Berhampur in Odisha. This is the first time a store has opened in Odisha state, thereby opening up new growth opportunities.
This is an important step forward as Odisha has many tier 2 and 3 cities which happens to be the core business area for V-Mart.
This latest addition takes the total number of stores to 110 in 93 city across 13 states, with a total area of approx 9.02 lakh sq ft.
V Mart has been an important customer of Ginesys who uses the Retail POS system for its day to day operations.
Credit note was already available in Ginesys Retail ERP but the option to redeem that credit note at any of the retail store of the Retail chain was not available which was hampering the flexibility, control and subsequently the customer experience. Ginesys now equipped with Centralized Credit Note feature which enables the customer to redeem the credit note in any of the retail stores of the retail chain in which it has been issued. This will not only enhance the customer experience but will make the process of credit note issue/redemption flexible, more centrally controlled , hassle free and less prone to pilferage & errors.
A credit note is a commercial document issued by a retailer to the customer in case of return of an item/product to them. The retailer usually issues a credit note for the same or lower amount than the invoice, and then sets it off against a balance due from other transactions done by the customer at the store. There may some other cases as well where credit note is issued, such as in case of an advance against a product, but predominantly it happens in case of items returned.
Use of credit note is advantageous to Retailer in comparison to hard cash or account credit to the customer as
- It will help in avoiding unreasonable returns
- It will also ensure that sales once done won’t be reversed.
- It may also pursue the customer to visit the store again which may result in some extra purchase and eventually results in additional sales.
- It will also result in hassle free returns and thus will help in maintaining healthy relationship with the customer
- It is easy to manage and has negligible loop holes
All in all a win win situation for Retailer and customer.