The big, scary world of analytics is not that much scary anymore, especially when you have the right analytics tool to help you. This is particularly useful for retail companies, as the market now includes a multitude of affordable and easily-used software for retail analytics.
Retail Analytics software is a tool to keep track of the detailed information on the performance of your company, including transactions, customer units, sales volume, return rates and many more.
You can pre-examine the shopping patterns of consumers so that, you will be already aware of the latest trends and can set up your business accordingly.
Further, retail analytics will assist you in identifying customers, geographical & demographic data, and also provides about your products like what are the best-selling products that perform best in the shop.
With this retail analytics software, you can ensure that you are reaching your revenue goals by monitor different analytical data like supply chain movement, inventory levels, consumer demand, employee performances, daily sales and much more.
- This software allows you to integrate daily sales automatically with your bank account reconciliation system and accept appointments on your web site.
- Vend software has a fully cloud-based system that always keeps your sales and product reports, safe & up-to-date.
- It also enables you to work offline. So, even when the Internet falls, you can continue to sell, and when you are back online it will resync your sales.
- With this software, you will be able to select the best way to accept your store's payments as it works with world-leading trading providers.
- In addition to this, it offers customer support 24/7 and has a global network of Vend expert's that can assist you in a better way.
This software provides you with free trial option as well as 2 different pricing plans -
- Lite - You can purchase its basic plan at a cost of $99 per month and discover its primary features.
- Pro - If you need advanced features of this software, then you can buy its pro plan at $129 per month.
- Enterprise - To purchase the enterprise plan you need to request a quote to the owner.
2. NTS Retail
The analytics platform of NTS Retail gives your management an overview of what is going on in your retail network exactly. Moreover, you can examine your complete direct and indirect sales channels in real time and monitor retail performance at any organizational level (e.g., regions, sub-regions or individual stores).
- In order to draw valuable performance metrics together and take appropriate measures in real time, NTS Retail uses a variety of data sources along with your customers’ in-store journey.
- The software helps you understand the behavior of your customers, such as how they are interacting with your store employees, how you can get their attention and on which stage you will lose them.
- You can view all the information related to your business on your adaptable dashboard in an informative graphical format.
- It empowers you to accurately monitor, analyze and optimize the respective retail areas such as store operations, performance and store process effectiveness.
NTS Retail enables you to request a quote to get complete pricing related details.
Looker helps you understand every aspect of your retail & e-trade business, from the impact of the conversion rates of website activities to the purchasing process of your products. Additionally, you can gain full knowledge of the latest trending products.
- It provides you with Looker blocks that are basically pre-built pieces of code and helps you to view more specific data points about your retail analytics. Also, Looker blocks can be customized to meet the exact needs of your business.
- In addition to this, you can allocate individual profiles to your clients to learn more about their shopping habits, ordering history and preferences.
- This software enables you to set up a custom alert message option so that, you will receive email alerts whenever your top-performing products need to be restocked.
- On your dashboard, you can get the complete details about your top performer products and also classify them in categories.
To purchase this retail analytics software, you need to request a pricing quote to the owner.
Retail analytics has currently become the most important and useful tool for retailers and blossoming all over the world. Thus, if you are in a retail business, then this article will definitely help you to select the best one for you through which you can view and analyze complete analytics details of your company.
We are now closing this discussion here. Further, if you have any kind of queries and suggestions related to above-mentioned software, feel free to share with us by commenting below.