Small and Medium Retail Chains Ahead in Race of Technology Adoption With Introduction of Cloud Software Solution

Faridabad, India (PressExposure) October 29, 2012 -- More and more retailers which realize importance of integrated software solution are opting for cloud software solution. Any retailer, who has vision to expand, understands importance of managingoperations centrally at the same time delegating few powers locally. This is only possible if a retailer opts for integrated online end to end software solution.

Now buying and implementing end to end online software solution is not child joke, it requires both time and money. Earlier implementing these costly solutions was possible only for big retailers who could afford such solutions and could see sufficient return on investment (ROI), thereby organized retail being dominated by big Indian and MNC retailers, but now with introduction of cloud solution even local small and medium retailers are able use the technology and give competition to big retailers and in fact this is the opportunity for small and medium retailers to overtake big retailers, since big retailers are bit reluctant on adopting cloud technology because

a. They feel our data is not secure on cloud

b. They feel they cannot share same space with their small competitors and most importantly

c. They feel they are big enough to be leaders and all others need to follow them.

This is for the first time where small and big retailers are leading the race. Vesture - India's first end to end retail software solution on cloud is witnessing the above change in adoption of cloud technology by small and medium Indian and MNC retailers. Earlier Vesture Enterprise solution was being adopted by only big retailers and Indian and overseas MNC but now we are witnessing this division being overtaken by Vesture cloud division, where we see consistency in acquiring more than 2 customers every month from our Delhi-NCR office only. We have customer in south that has started on our cloud solution and is opening approx 30-50 outlets within six months; also we have an MNC furniture retail chain which has adopted the technology. Any retail chain which is starting afresh prefers to operate on cloud as compared to a retailer who is already running its operation on traditional software. Starting the business on cloud solution brings the advantages like:

a. Management can view efficiency day 1 from anywhere in the world.

b. Solution (Retail ERP, Retail POS etc.) comes integrated with important modules like Replenishment tool, Business Intelligence (BI), Customer Relationship management (CRM) etc.

c. Solution is economical( it is 1/3rd the price of traditional software)

d. Comes with world class infrastructure.

e. Being managed and maintained by its creator.

Only disadvantage of this solution is speed as compared to local legacy systems and controls which take away freedom of few functional users. Going forward this is the technology which may be blessing for retailers who are losing in spite of having big muscle power as they lack strong systems thereby not able to control their wastages and shrinkages. And also in real time they are not able to take timely necessary actions which are essential in local regions like markdown etc.

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Press Release Submitted On: October 30, 2012 at 12:26 am
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