Now when you create a new payment advice in Ginesys you can automatically send a listed vendor email id an email with the advice and the invoices cleared in that payment with all details. It will make your life easier by having to deal with fewer enquiries asking when they will get a certain payment and seeking explanations of payment made.
These kind of features in the retail ERP help suppliers as well as merchants in the retail eco-system
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?
In the wake of the union budget 2016, excise duty is made mandatory on branded garments costing over Rs 1000. Keeping track with the development, Ginesys Retail Software has introduced the feature in the software so that billing is done in accordance with the tax.
Earlier excise duty was applicable on branded clothing irrespective of price. It was completely taken off later on but now it’s to be levied again, though not for items costing below Rs 1000.
What it means is the tax will be applicable on not all goods, so proper demarcation is to be made on taxable and non- taxable items. Ginesys Retail ERP has implemented the feature in such a way that segregation between these goods is done automatically, so at the time of billing, system quickly identifies such goods and processes accordingly.
Ginesys is a leading provider of Store Management, ERP and POS Software in India.
The recently concluded 4th East India Retail Summit (EIRS) was a premier event for lifestyle retailing and brands in East India. The Ginesys stall became a hub of inquiries on retail software and retail technology in general. The fact that we were giving a live demo of the retail software helped.
Soumyadip Bhattacharya, Sanjoy Sarkhel and Arjun Roy spearheaded our participation at the event. Soumyadip also took part in a debate on an engaging topic ”NOT BRICKS VS CLICKS BUT BRICKS & CLICKS: A HEALTHY OMNICHANNEL RELATIONSHIP” which saw great response amongst viewers.
Some of our valued customers won awards and accolades in their respective areas.
- HOFFMEN FASHIONS- IMAGES Most Admired Retailer of the Year (Denimwear)
- MANYAVAR- IMAGES Most Admired Retailer of the Year (Menswear -Indian)
- PRAPTI - IMAGES Most Admired Brand (Womenswear- Indian)
- APPLE EYE- IMAGES Most Admired Retailer of the Year (Shop in Shop)
- AMBER- IMAGES Most Admired Retailer of the Year (Orissa)
- TURTLE- IMAGES Most Admired Retailer of the Year (Menswear)
- SOHUM SHOPPE- IMAGES Most Admired Retailer of the Year (North East)
- ARAMBAGH’S FOODMART- IMAGES Most Admired Retailer of the Year (Convenience Stores)
We congratulate them on their achievement and we aim to continue providing the best retail ERP solution to them.
Manyavar one of the leading ethnic wear brands in India, known for its vibrant collections for menswear section has put forward the next step by launching Mohey, a new brand for women’s wear.
Mohey’s latest collection has been launched in 11 retail stores from cities like Delhi, Mumbai, Bangalore, Gurgaon, Lucknow, Allahabad, Jaipur, Varanasi and Jabalpur.
Ginesys retail software is used in Manyavar from manufacturing, POS and Warehouse Operations. The ERP is also integrated with the panning function. We wish them all the best in their new endeavour.