What is retail ERP software?
Definition
Retail ERP software can be used to access all the metrics and data related to your business from one place. They are modular solutions which can integrate tools to manage different operational processes regarding all areas of your business, including inventory, accounting and CRM.
How does it work?
ERP software is divided into different software modules which allows it to handle specific processes. These modules can work hand-in-hand for you to access up-to-date data about daily operations such as the state of your inventory, or manage order fulfillment and customer relationship.
What are the main features of retail ERP software?
There are many things ERP software can do for retail businesses. They streamline important workflows and make inventory management or financial management easier. This centralised approach means you know exactly which resources are available of what they were used for.
Why use ERP software in retail?
Pros
- A complete overview of the resources available to your business
- A flexible solution to adapt to your needs: you can choose whether or not to switch to their CRM solution, whether to use their accounting tools...
Cons
- The price can vary greatly depending on which modules you’ve chosen, the payment made upfront can be steep unless you choose a SaaS solution
- In the case of a complete migration, the process can be complex, you might need professional help and training
How to choose the right retail ERP software?
Get in touch with the editors first. This will allow you to determine whether or not they are willing to offer adequate support and help you understand their proposition in detail. Schedule a demo to make sure it really is the best fit for your needs.
The best retail ERP software
- Sage ERP
- Oracle Netsuite
- Intacct
