ProphetLine has been fully PCI DSS compliant for years and is now certified for EMV chip card, Apple Pay and NFC processing.
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ProphetLine POS has been our lifeline for seven years in our four retail stores. The software is robust and offers many more functions and ...
Read MoreProphetLine’s Corporate Level Purchasing gives retailers more order processing flexibility. Multiple store replenishment requests transmitted to corporate may be pooled into one purchase order, allowing retailers to take advantage of larger order quantity discounts, or transmitted to vendors as an individual purchase orders. Vendors then fulfill the order as floor-ready merchandise by drop shipping to remote locations or sending to the corporate location for automatic transfer allocation. Inventory is received by accepting the direct vendor shipment or the corporate transfer and both the corporate and store inventory databases are updated with the actual quantity shipped.
Corporate Level Purchasing enables the retailer to cut costs by reducing excess inventory stock and increase competitiveness by preventing stock outs. ProphetLine’s Corporate Level Purchasing and Reporting, built into their POS Software, can minimize inventory stock to sales ratios by allowing the retailer to truly manage Just-In-Time inventory replenishment for multiple profit centers; thus lowering total inventory costs and increase your margins!
Finding good advice when purchasing Retail POS Software can be often be like talking to a used car salesman. It can sound almost too good to be true. Retail Software Advice aims to assist in answering questions from a neutral view point and give the consumer the information needed to make a more informed decision.
Here is a summarized list of their ’10 Best Practices for Selecting Retail POS Software’ article. For more detail and/or to read the entire article, click here.
Being green seems to be the buzzword these days, even for POS Software companies. For us, Green means being able to do most of your business transactions without wasting time and paper. If someone needs a copy of any report in ProphetLine POS Software, simply bring that report or receipt to the screen and email it straight out. A signature electronically captured on a receipt or document saves on paper filing also. You can’t be a 100% paperless business, but most of the paper can be eliminated if all data, transactions and reporting can be accessed from easy to reach and understandable file storage. Another way we help the cause is by building into our POS Software, comprehensive on-line help files and a full PDF manual on your disc or in your account manager. You can pick and choose any page you want to have on hand for a reference without having a thousand pages that you will never use. All of our product and upgrades can be downloaded from your account manager without the waste of shipping envelopes, labels and CD’s.
Support can also help the Green factor. Instead of wasting your time with a complex technical issue, we use an online web collaboration product that puts control of your PC in our hands and a call that would have taken 2 hours, can now be taken care of in short order. We do sales demonstrations and training with our web demo product which gives you the flexibility to pick and choose the hours that best suit your lifestyle. All in all, we are an Eco Friendly POS Software company and we strive to always give you a better software option for your retail business.
ProphetLine POS Software collects all the data at the inception of the transaction and runs everything seamlessly throughout the product. Though years of working with retailers and developing POS Software, ProphetLine has developed easy to follow and simple to obtain reporting. These necessary reports are a concise summary of easy to understand data to make positive decisions from, not just a list with hard to understand information. All of the POS Software information is aggregated into the comprehensive Retail Stock Ledger. ProphetLine POS Software then takes this information and builds quick view reports that allow you to identify problems in your inventory and the necessary actions needed to correct the problem. Click the Retail Stock Ledger link to get a better understanding of what goes on and why. You can drill as deep as you want into the Retail Stock Ledger or build Open To Buy Plans with confidence your numbers are correct.
POS software has features meant to streamline your retail business. Increased speed, fewer data entry errors, and the ability to easily track trends are some of the greatest benefits it offers. POS Software simplifies data entry, data display, and data retrieval to allow you to make quality business decisions. POS software takes information entered in the normal course of a transaction and moves it seamlessly throughout the database. Good POS Software can then retrieve and format this information in a user friendly way that can give you analysis views at your finger tip. These POS Software reports will clearly and quickly show you the weaknesses and strengths of your retail operation.
That is why it is so important to put in POS Software and start generating data conceived at the transaction level to make these relevant business decisions. You can then compare department against department, vendor against vendor and make a fact based decision for future purchasing decisions. When you invest in a good POS Software system, there is everything to gain and nothing to lose. Improved efficiency, accurate and timely reporting, knowing your customer’s buying habits, department and vendor comparisons and good financials. If that POS Software decision is on your mind, don’t delay, it could cost you money.
Added a Blind Reconciliation option. This option allows Managers and Owners to enforce no-count drawer reconciliations for specific terminals. The drawer can be locked up for counting by a manager/auditor the next day.
Added 4 QuickTender buttons to the Touchscreen Numeric Keypad
Added an Inventory Touchscreen option. This option allows businesses with small or limited inventory, or in service specific fields, to quickly and easily access inventory for sales orders, or sales, using a touchscreen only environment in the POS Software.
Added the ability to link any file to an inventory itemThis feature can be used to attach any external file to a specific inventory item.
Updated the Open To Buy Analysis report calculation for Current Month Over/Under, when including Month-to-Date totals. For the current month only, for Over/Under (and Cumulative Over/Under) our calculation was:
This change basically takes into account what customers are planning on selling for the rest of the month, to more accurately reflect over/under.
Enhanced Trade-In Condition Groups to allow preset values to be entered for cost and retail prices in ProphetLine POS Software. Added in the following 2 options to Condition Groups so that preset values can be set for trade-in items, based on the condition group, as a percentage of the original cost and retail values:
There are many components in evaluating your inventory selection, but if you narrow in on just three, it will help you make wise decisions and not take up all your time. Good POS Software gives you these three things easily at the inception of the sale and runs them seamlessly to your back-end analytics. These three things are stock turn rate, sell through and margins. If you have a high sell through percentage and maintain a good margin, you are selling most of your inventory in a given period and keeping your profits up, but a high sell through with a low margin means you are probably devaluing your inventory by marking down or discounting to get rid of it. No profits here!
Most retailers that are having a problem achieving adequate profits usually have a poor stock turn rate due to lack of good open to buy planning, resulting in overstocks, excessive markdowns and low margins. You can see how these three components individually will not help you increase your bottom line, but when used together with the correct ratios, success follows. Good POS Software with a robust retail stock ledger and built in open to buy planning will give you these figures without a lot of work and hassles. Don’t buy a glorified cigar box when you can have POS Software/Retail Management that will take your business to another level without empting your pocket book.
Small specialty retailers are one of the largest retail groups in the U.S., but have usually had to settle for POS software that was import this, export that, integrate with this and other technical procedures. With ProphetLine POS/Retail software, all the technical BS is removed and you have a true complete system. When the big boys put their million dollar POS Software systems to work, they have no more power than you do with ProphetLine POS Software at an entry level price.
Your POS Software can be used to improve service, inventory accuracy, product availability, fraud and inventory shrinkage, but most importantly, increase customer loyalty and streamline marketing. When you build your POS Software for retailers and not technology staff, you will have a system that improves sales, saves time and improves your financial position. ProphetLine specializes in specialty POS/Retail software that is award winning and time tested. Chances are if you are a specialty retailer, our POS Software will work for your business and make it more efficient, profitable and at an entry level price.
