Buyer's Guide for Top Retail ERP Software

Found our list of Retail ERP Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

Buyers Guide Content

  1. What is Retail ERP Software?
  2. What is Retail ERP Software?
  3. Modules of Retail ERP Software
  4. Features of Retail ERP Software
  5. Retail ERP Software Solution Cost

What is Retail ERP Software?

Retail ERP software is one of the best applications for retail supermarkets billing and inventory management. It is fitting for all small retail businesses in verticals such as food, grocery, clothing, etc. For example, a grocery store can use retail software to obtain transaction data from cash registers. They can forward this data to their employees and let them know of products sold today. Additionally, they can also use this software to let vendors know about stock demand and volumes they have to ship.

Small Businesses need Retail ERP Software to: -

  • Optimize business workflow & profitability
  • Maintain a detailed database with all necessary documents and customer information accessible through one place
  • Improve operational efficiency and modernize their inventory management
  • Generate extensive reports about sales, purchase, and inventory, which help improve strategic decision-making.

What is Retail ERP Software?

Retail ERP software for supermarkets billing, hypermarkets, multi-storage grocery stores, e-commerce retailers and other similar businesses. It is a combination of software and hardware which helps to automate retail distribution business. This Retail ERP covered billing, pos machine, distribution, and Inventory management. It is an integrated business management tool that allows retailers to collate, store & manage data from their different functions at a single place. Best ERP software for Retail comes loaded with specific functionalities, making different processes efficient and result-oriented

Any retail business, be it a brick and mortar shop or an online e-commerce store, has a lot to gain with top retail ERP systems. Retailers who want to keep a track of sales and purchases, manage customer service through a unified platform, and seek further assistance across verticals, can gain a lot with retail erp software. Businesses can use retail erp software for managing inventory, account receivables, payments, feedback, online ordering, etc.

Modules of Retail ERP Software

  • Retail Inventory Management

This feature enables retail businesses to effectively manage their inventory level and track goods. Retail inventory management is the process of tracking & managing the constant flow of units in and out of an existing inventory. Inventory for any retail business accounts for the highest proportion of working capital and includes the raw material, WIP and finished goods. With this module, one can easily manage stock, procurement, supply chain and logistics, warehouse, inter & intra warehouse transfers, stock planning and more.

  • Retail Billing for Supermarkets

Billing invoicing is an important part of any retail business. This module automates receipt generation and helps in performing calculations, maintaining a detailed financial record for bookkeeping, and registering information about products sold/exchanged. Additionally, the billing & invoicing module helps in maintaining different elements of accounting such as tax registry, ledger, dues tracker, budgeting, bank reconciliation, balance sheet maintenance, etc.

  • Retailer App for Sales Tracking & Reporting

A Retail ERP system keeps comprehensive sales records that help retail businesses in understanding sales status, demand & supply, products that aren’t selling and the most popular day/time when customers purchase more. This module works alongside the inventory management feature, by updating sales and inventory logs in real-time. Sales reports generated by these modules highlight products that need to be purchased and products that need to be cleared from the shelf, based on demand forecasting.

  • Employee Management

Employee management is an add-on module that helps you keep tabs on your employees. Using this module, you can track attendance and shift timing adherence, as well as, assign tasks to employees. Hypermarkets & large-scale grocery stores are particularly benefitted by this module as they tend to hire in dozens and have many employees. Managing such volumes manually can be very tiring & time-consuming. With the employee management module, you can assign shifts to employees, maintain a detailed time-sheet, and keep track of employee leaves /absence in real-time.

  • Retail CRM Software

A vital aspect of any retail business. CRM module assists businesses in improving the customer’s journey- informing them about events happening in your store and piquing their interest in your products & services. Using the CRM module, businesses can obtain customer feedback and better understand what customers like and dislike. Additionally, it helps in maintaining constant communication through promotional messages, emails, and texts. The goal of CRM, after all, is to keep customers happy, eventually, turn them into loyal patrons. After all, happy customers yield a better word of mouth publicity which results in more sales.

  • Analysis

The analysis module helps in generating detailed customized reports. The reports generated shows you all the details in a synchronized manner - Product wise sales analysis, purchase analysis, stock summary, sales summary, stock aging & depreciation, etc. Additionally, these reports can be downloaded in PDF & Excel formats, as well as shared over email.

Features of Retail ERP Software

  • Streamlined Store Operations

Supermarket software helps streamline operations related to store management by streamlining merchandising, inventory, employee management, billing and much more.

  • Retail Planning

Best retail ERP systems allow retailers to partake in planning activities, as per the store need. It helps businesses focus on different strategies which would help them increase sales turnover.

  • Ease of Product Transfer

Retail ERP comes with modules that allow you to transfer goods from warehouses to stores and between warehouses. Using the best ERP software, businesses can keep their stock level balanced across locations.

  • Easily Manage Customer Data

Retail software can store all the data related to a customer- their name, contact number, address, etc. Additionally, you can use their purchase data to know which products are demanded more by a customer. Is the customer a frequent shopper? What is their average purchase value? Detailed information like this helps you formulate better sales strategies that include a customer loyalty program.

  • Simplified Graphical User Interface (GUI) Support

GUI helps users interact with the software easily. Retail ERP’s GUI is critical to make retail management software popular with the not-so-technical industry users.

  • Optimum Utilisation of Resources

Retail software helps retailers in utilizing their resources in an optimum manner. Optimization subsequently translates into reduced operating costs and correspondingly high profits.

  • Reduction in Overhead and Excessive Inventory

The retail ERP system outlines your inventory cost and subsequently, lets you optimize it for maximum utility & minimum cost. Additionally, it can also be used to track additional expenses in your business, like stationery, lighting, etc. This allows a business to significantly reduce its overhead and reduce unnecessary costs to the company.

  • Timely Responsiveness

ERP software for retail enables retail companies to respond to any business constraint in real-time and extend timely response to any customer feedback.

  • Integrated Work Environment

It offers an integrated work environment which can be easily monitored and managed. All teams can work in a collaborative manner with the help of network infrastructure.

  • Hypermarket

Hypermarkets deal with a lot of inventory spread across categories. Hypermarket retail ERP software helps in streamlining these different verticals effortlessly. The solution can also be used in supermarkets, as a supermarket ERP software, to serve the same purpose.

Retail ERP Software Solution Cost

The cost of Retail ERP depends on different factors, so the answer will vary by company. Most retail ERP solutions are priced on the basis of the number of users/licenses procured, implementation services, and deployment methods (whether you want a cloud-based or on-premises solution). Depending on the deployment method, there are specific factors that contribute to cost. These include license fees for on-premise implementation & setup, maintenance fees for upgrades, data migration (if any), training and set-up, customization costs, infrastructure upgrade, and other additional costs. In the case of cloud-based solutions, infrastructure fee does not apply as the software is hosted on a server.

Author: Kalpana Arya

62 Best Retail ERP Software in 2022

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Dynamics 365 Business Central

By Microsoft

4.7 (4 reviews)

Starting Price

₹4,790/Month

Inclusive of all taxes

Microsoft Dynamics 365 Central is a comprehensive business management platform. It brings different business operations... Read More About Dynamics 365 Business Central

Best Seller

Ginesys

By Ginni Systems

4.5 (7 reviews)

Starting Price

₹3,000/User/Month

Inclusive of all taxes

Ginesys is a popular India-based provider of retail ERP software. Apart from an end-to-end ERP and Retail billing softw... Read More About Ginesys

Sponsored

Logic ERP - Retail Software

By Logic ERP

Price On Request

LOGIC ERP is one of the most accepted and widely used end-to-end ERP solution for Retail & POS, Warehouse Managemen... Read More About Logic ERP - Retail Software

RHBUS ERP

By RHBUS Solutions

Starting Price

₹13,738/Month

Inclusive of all taxes

RHBUS ERP is an ERP software for retailers, distributors and wholesalers for managing inventory, accounts, loyalty prog... Read More About RHBUS ERP

Supermarket ERP software consolidates account and customer information in a unified location, streamlining & accelerating the sales process. From tracking inventory numbers to analyzing sales patterns, the software gives you access to all relevant information which helps you form marketing strategies, further helping in boosting sales. Send offers direct to customer handsets Online grocery order Fast Billing (Avoid Queue) Inventory Management Send Discount Coupons Staff Payrolls Sales report analysis

Supply chain management is the key function of any retail business. It’s the bridge between product manufacturing and delivery to customers. Supply chain management helps businesses organize product movement from warehouse to stores, ensuring proper shipment and delivery to customers.

Logistics is used to denote various tasks pertaining to transportation, inventory management, expense management, freight & transport, and more. It includes supply chain management processes which occur before, during and after products reach a warehouse.

Yes, most of the retail erp software providers are allowed to purchase a solution with customized. In this retail ERP solution, customers buy only those features that they want.  

Arka Inventory

By Arka Inventory

4.7 (6 reviews)

Price On Request

Arka Inventory is a complete inventory control software built on the cloud platform. This purchase management system se... Read More About Arka Inventory

EffiaSoft Just Billing

By EffiaSoft

4.5 (9 reviews)

Starting Price

₹16,709/year

Inclusive of all taxes

Just Billing is easy to use and intuitive billing software for retail store that looks to build a platform for retailers... Read More About EffiaSoft Just Billing

SPEED PLUS 9.0

By Solver Software

3.4 (5 reviews)

Price On Request

Speed Plus 8.0 is a GST compliant business ERP software. It assists in the completion of daily operations efficiently.... Read More About SPEED PLUS 9.0

Marg POS

By Marg ERP

4.4 (3 reviews)

Starting Price

₹8,496/Year

Inclusive of all taxes

Marg POS is simple to use and easy to implement solution. The Marg POS Software is equipped with productivity-enhancing... Read More About Marg POS

TC7ERP

By Techcare7

4.8 (3 reviews)

Starting Price

₹18,880/Year

Inclusive of all taxes

TCP7ERP is one of the best customized POS/ERP software. It provides features like accounting with inventory, Customized... Read More About TC7ERP

Fusion Retail

By Rance Computer

4.5 (4 reviews)

Starting Price

₹944/Quantity

Inclusive of all taxes

Calculation of stock and orders: The software has an intelligent ordering system that automatically updates the stock a... Read More About Fusion Retail

Rice Mill Software

By Modern Webz

4.5 (4 reviews)

Price On Request

Invento Rice Mill Software helps in overseeing the working of Rice Mills and Cotton Mills. It also offers numerous feat... Read More About Rice Mill Software

NCH Copper Point of Sale Software

By NCH Software

4.3 (1 reviews)

Price On Request

NCH Copper is a POS software that helps its users in streamlining the whole retail checkout process for their customers... Read More About NCH Copper Point of Sale Software

Reach Super Market Billing Software

By Reach

4.0 (2 reviews)

Price On Request

The supermarket pos billing software gives user the full-fledged solution for Super market right from Billing, barcode,... Read More About Reach Super Market Billing Software

Prompt RXs

By Prompt ERP

4.3 (2 reviews)

Starting Price

₹14,160/Quantity

Inclusive of all taxes

Prompt RX is a retail ERP software designed for pharmaceutical stores. It provides a unique and interactive way for re... Read More About Prompt RXs

MMI ERP Software

By MMI SOFTWARES PVT. LTD.

4.9 (2 reviews)

Price On Request

MMI ERP is one of the best retail ERP software and it is used by small and midsize retailers. It helps in the pos billin... Read More About MMI ERP Software

Shubhra Retail Management Software

By Pushkal IT

4.4 (2 reviews)

Starting Price

₹350/Month

Inclusive of all taxes

Shubhra Retail Management Software is a state-of-the-art solution allowing the retail stores with comprehensive tools to... Read More About Shubhra Retail Management Software

Anaj Mandi Software

By Evolve WebInfo

4.8 (4 reviews)

Starting Price

₹17,700

Inclusive of all taxes

A unique product developed by Evolve WebInfo, Anaj Mandi is a complete real time Business Accounting Mandi Software with... Read More About Anaj Mandi Software

Anvesha Retail Store Software

By Anvesha

4.2 (1 reviews)

Price On Request

The solution is a complete Retail Store & Chain System that offers of Supermarket and retailers the complete assista... Read More About Anvesha Retail Store Software

Century Gate Integra ERP- Retail

By Century Gate

4.1 (2 reviews)

Price On Request

Integra Retail ERP is a comprehensive software solution for retail enterprises and stores. The software is an innovative... Read More About Century Gate Integra ERP- Retail

Alpha-e JSoft Retail Garments

By Alpha-e Barcode

4.2 (2 reviews)

Starting Price

₹23,600/Year

Inclusive of all taxes

G-SOFT EXTREME RETAIL is designed Specially for Retailer to provide Complete ERP Solution for Garment business, Boutique... Read More About Alpha-e JSoft Retail Garments

Last Updated on : 10 Aug, 2022

What is Retail ERP Software?

Retail ERP software is one of the best applications for retail supermarkets billing and inventory management. It is fitting for all small retail business in verticals such as food, grocery, clothing, etc. For ex, a grocery store can use retail software to obtain transaction data from cash registers.

Retail ERP Software Comparison

 
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Retail ERP Software Price List In India

Retail ERP Software Cost
Best Retail ERP Software Price Ratings
Dynamics 365 Business Central ₹4790 /Month 4.6
Ginesys ₹3000 /User/Month 4.4
EffiaSoft Just Billing ₹16709 /year 4.5
Marg POS ₹8496 /Year 4.4
TC7ERP ₹18880 /Year 4.7
Fusion Retail ₹944 /Quantity 4.5
Prompt RXs ₹14160 /Quantity 4.2
Shubhra Retail Management Software ₹350 /Month 4.4
Anaj Mandi Software ₹17700 4.7
Alpha-e JSoft Retail Garments ₹23600 /Year 4.2

Retail ERP Software Reviews

DR

David Rice

review for Dynamics 365 Business Central

5

"Microsoft Dynamics 365 is the perfect tool for managing client relationships provides us with valuable insights."

See All Dynamics 365 Business Central Reviews

RK

Riyaz Khan

review for Ginesys

4.5

"I am using in my retail store and workers were very happy with this software"

See All Ginesys Reviews

SN

Shantaram Naik

review for Arka Inventory

4.7

"It is very help full for business accounting and we are very very satisfied with performance and continues support from the team."

See All Arka Inventory Reviews

SM

sujata muduli

review for EffiaSoft Just Billing

5

"User friendly, cloud back office and real time data monitoring."

See All EffiaSoft Just Billing Reviews

S

Sunny

review for TC7ERP

5

"Easy to use best 24/7 customer support complete training new features upgrade"

See All TC7ERP Reviews

FAQs About Retail ERP Software

An effective retail PLM software provides real-time visibility into retail sourcing, identifying due dates and milestones, allow planning of tasks and shifting of resources and pointing the areas where attention is required

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