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Aug 13, 2017

Spread the cost of your new EPoS system

James Rodger, Retail IT’s managing director, explains how modern EPoS systems are affordable and empower you to become an omnichannel retailer – and take on your well-known competitors

Last month we looked at why it’s important to have a contemporary EPoS system as part of your business. The software we supply, from Cegid, has many pros and we discussed some in last month’s piece.

Arguably the main ones are: Customer loyalty tools; fashion matrix management; item classification, season management; as well as effective price and discount management - providing powerful insights into future buying decisions.

Additionally, the software is intuitive and easy to use for sportsstore floor staff. However, it should be noted that it is customised to your needs and integrations are developed by us to work in tandem with your other software (for example finance and CRM packages). As such, the solution is not an ‘out of the box’ and does cost more than the EPoS systems at the lower end of the market.

Spreading the cost of a system

Having worked with many sports retailers we understand the challenges and needs of sports retailers and are acutely aware that you may not have the disposable funds to pay for a contemporary EPoS system upfront.

That is why we offer a finance package which allows many of our clients to pay for their software - and hardware - at a fixed monthly fee for a period of time that suits them; be it two, three, four or five years.

We favour business leasing as this is extremely tax efficient allowing businesses to account for this as an expense and not capital expenditure that will carry a tax and administrative burden. For a single monthly tax deductible cost you get:

• Modern retail software suite
• All services required to plan, setup,implement and train users on the system
• Support and maintenance for the period of the lease chosen
• Excellent platform to launch advanced e-commerce options like click and reserve.
• MPoS systems for in store use

Contact us via the details below if you are interested in spreading the cost of a new EPoS system in this way

Enabling you to become a true omnichannel retailer

There are lots of buzz terms bandied around the retail industry. Omnichannel is one that’s been around a while now. We define it as the consistent and seamless use of multiple channels in a customer’s shopping experience, such as bricks and mortar stores, online stores, mobile stores, mobile apps and any other method of transacting with a customer.

In addition to the software and hardware services we offer, we ensure your business becomes a fully fledged omnichannel retailer via the YourCegid software.

We believe that there is significant economic value by providing such digital channels to traditional physical store customers and ‘recreating’ the shopping experience across channels.

‘Why does this matter?’ you may ask yourself. The answer lies with your target audience - sports equipment purchasing consumers. This demographic are now used to experiencing the omnichannel benefits from the larger retailers - such as Sainsbury’s, John Lewis, Next and Sports Direct - which offer them consistent experiences whether it’s in-store, online, on tablet or on mobile.

Failure to offer omnichannel features such as click and collect, click and reserve, loyalty programmes and gift cards via online platforms can now result in lost business. The beauty of a system like Cegid’s Y2 software is that all these features are simple to set up and, once consumers are using them, will ensure an enhanced customer experience (which they may tell friends and colleagues about) and should lead to returning customers.

And this isn’t our hunch. Research indicates that omnichannel customers are more valuable on many levels - they spend more time in store, on your website and, crucially, will spend more money on products when compared to a single channel retailer.

About Retail IT

At Retail IT we offer complete retail management technology systems from the heart of south west London. Our aim is to bring the omnichannel management benefits that large retailers enjoy to all sizes of retailer, from point-of- sale and eCommerce, to supply chain planning and forecasting.

Since 2008 we’ve worked together with Cegid who develop the most sophisticated and intuitive retail software, which delivers the best return on investment for retailers of all sizes.

We now work with 67 clients and cover 221 outlets. This includes a number of sportswear, outdoorwear and footwear retailers - and many Intersport members. We know that all retailers are unique - that’s why we consult with our clients and tailor Cegid’s Y2 software to their business and budget.

For more information on any of the above contact Matthew Carlton on 0208 605 9727 or via email at [email protected] www.retailit.com

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