Elstree, United Kingdom (PressExposure) May 19, 2008 -- August 2007: BIRetail 1.0 launched
BIRetail Announces the launch and release of BIRetail version 2.0 - A SaaS Retail Business Intelligence Solution.
BIRetail is an affordable and intuitive Business Intelligence "in a box" solution designed specifically for small and mid-sized retailers. The solution is delivered in a HOSTED model, which means no installation or setup required for the retailers, integrates seamlessly with any existing PoS software, no prohibitive Software License costs - low cost of ownership in a predictable and affordable pricing model
Features and Benefits of BIRetail
Is built with a sound understanding of the retailing industry and comes with innumerable pre-configured reports, which comprehensively delivers "actionable intelligence".
-Provides visual representation of data, and allows further interactions like drill-down, group, sort, filter the information interactively- get to any view of your data easily.
-Provides profit-centric view of the business - configurable Key Performance Indicators in a dynamic dashboard layout that presents instantaneous snapshot of the business health
-Identifies and alerts the "trends" and "exceptions" in normal business, using Data Mining techniques.
BIRetail uses sophisticated and proprietary algorithms to perform multiple calculations that are used throughout the product. For instance, the inventory calculations provide Stock Valuations on more accurate and realistic rates calculated on-the-fly, rather than traditional cost based approximations.
From the Director of BIRetail
Niraj Jaipuria, Director Product Engineering, describes BIRetail as "A full featured retail Business Intelligence Solution" affordable to even the tiny retail store owners. BIRetail intends to change the mindset of retailers from thinking business intelligence solutions as complex, and meant for only analysts and power users. BIRetail is one of the leaders to implement business intelligence solution for retail industry using SaaS technology which is highly secure and scalable with Configurable Key Performance Indicators. BIRetail was born to make it clear that BI applications are not just decision support system but a decision making system.
BIRetailtakes the guesswork out of decision making, Maximizes profit using your own data, with no upfront costs, no software installation nor hardware investment. It has some of the unique features like the ability to calculate the "Profit per Transaction (PPT)" for all sales transactions. The PPT will then be used in all aggregations and reports to generate a PROFIT based view of the business, rather than just a traditional turnover based view. BIRetail allows organizations to anticipate problems earlier and react more quickly and effectively than their competitors.