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 retail system, for optimizing business performance is to drive supply chain in alignment to the business strategy. The basic component for a high-performing supply chain is robust planning.
Retail Replenishment planning is predicting future requirements to balance supply and demand which involves multiple communication between warehouse, Head office and all the stores. This supply of stock depends on multiple factors like priority of store, zonal preference, seasonal trends, past trends, etc. Handling all the factors and evaluating the supply of stock requires a robust replenishment engine.
Ginesys ERP software replenishment planning module has it all! The convenient supply chain planning and a powerful replenishment engine. Ginesys users can plan their stock supply with utmost ease catering to all factors. It provides a single point control (the head office) to set all the unambiguous planning processes for all its stores and warehouse.
Flexible and automated Ginesys replenishment planning module gives its users from a dynamic dispatch system to a complete parameterized system which takes into account the article-category, store plan and the latest sale trends and handle the dispatches during the beginning and end of a season and seasonal changes. Its flexibility is justified by applying any algorithm to its replenishment model and by dynamic stock routing.
Thus, Ginesys retail ERP solution helps you drive your business operations with complete ease, transparency and efficiency which will take it to a next level!
Wholesalers and distributors raise a sale invoice for the retailers with a certain credit amount and credit days limit. With a large customer base it becomes important to track violations of this limit and in some cases restrict further invoicing to a customer. Ginesys has introduced 3 credit rules which can be configured for the customer invoicing:
- Check only credit amount / credit limit
- Check only overdue bills
- Check both limit and overdue bills
- No checks
Rule 1 was the default configuration where further invoicing could be blocked or a warning displayed if the total balance amount was exceeding the limit defined for the customer.
In Rule 2 if the wholesaler configures N days as overdue limit then software will check if there are bills more than N days old which are not fully paid before allowing further invoicing/ dispatch.
For Rule 3 bot limit and overdue days of the customer will be tested before allowing further billing.
Another great point is that we have added a tolerance to the amount which is configurable per customer. So if the limit is exceeded by only an insignificant amount then you can still allow billing to proceed. This is relevant for rule 1 and 3.
Wait there is more, you can import this configuration from an Excel file for your entire list of customers in one-shot! Isn’t that awesome?
Many retailers and brands issue credit notes against returned items to shoppers but do not have an idea of genuine redemption or use of the credit note. Making it mandatory to tag a genuine mobile number when generating a credit note so that a one-time password (OTP) can be sent to the same when redeeming.
Another policy setting allows a single OTP to be generated for multiple redemption’s like loyalty points, gift voucher and credit note when being used together in the same invoice. This makes it very easy for shoppers to use multiple modes of payment at the POS.
This is just one of the ways Ginesys retail management system makes the point of sale (POS) operations less susceptible to fraud.
Tax structure for indirect taxes in India has remained complex with a combination of state and centre level taxes and compliance rules. The complexity slowed down business due to requirements of multiple forms in various formats required for movement of goods within the country. Checking compliance was also naturally difficult hence leaving room for tax avoidance. Long term reforms had proposed a single tax known as Goods and Services Tax (GST) applicable uniformly based on the value. GST will be a single Indirect tax for the whole nation, which will make India one unified common market. Each stage would then be taxed only on added value.
Now the GST bill is passed it will be implemented into the systems on 1st April 2017.It shall come into force on such date as the Central or a State Government may, by notification in the Official Gazette, appoint in this behalf. While each State GST Act would extend to the relevant State, the Central GST Act extends to the whole of India and includes Jammu & Kashmir (‘J&K’).
Being a major mover of goods retail industry will have a major impact through GST implementation and we feel that the overall impact will be positive as it will reduce current artificial constraints on business domicile and movement of inventory. The manufacturer will be able to reach more consumers through distributors and stores across India with ease of calculating and reporting of taxes.
We at Ginesys are fine-tuning our Retail ERP and POS systems with a vision to simplify and make the process of adoption of GST as simple as we can. Through these blog posts you will be able to get an inside view into how we are working this subject.