Similar to other multi-entity businesses, your retail business chain has similar needs: better visibility, better information to make better decisions, and on-point inventory tracking, just to name a few. You need to know how well each location is doing, so you can see where you might need to devote more time, energy and resources. And of course, you definitely don’t want to run out of in-demand products, or unnecessarily overstock items. If your current accounting solution is causing you to spend too much time tracking inventory from one store to another, or getting a handle on sales figures from last month, or for the previous quarter, then you’re definitely in need of a better, more efficient system.
Try us on for size!
If you’re in the hunt for a new solution, then look to a cloud-based accounting software that offers easy implementation, is easy to use, and more—so you can enjoy true and accurate visibility into all aspects of your retail business, from one location to another.
Even better, consider Gravity Software® (Gravity), a cloud-based accounting solution written on the Microsoft Power Platform (aka Dynamics 365 CRM). Once implemented, Gravity provides each of your facilities with secure, web-based access to real-time information, so all team members can do their job, from any browser, on any device. Say goodbye to tallying up receipts, crunching numbers on that adding machine or cumbersome spreadsheets. Operate with confidence, knowing that your sales figures from each location are on point, current and precise! Proactively manage your product inventory at multiple locations, knowing that your ordering quantities are no longer just OK, but just right!
Data analysis and reporting
With Gravity, you can empower your retail team at each location, by setting up parameters for them to access the areas of your shared database that you want them to see. Your regional manager will now benefit from seeing sales figures from one location to another, while your recently hired sales associate will only need to access what is necessary for his or her job functions. That’s right: you can implement varying degrees of security measures and accessibility so each team member at any location can view and utilize the information they need without unnecessarily accessing data or sensitive information. The result: you’ll be able to view precision-based data which in turn, enables you to make better-informed decisions.
Performance tracking
The benefits don’t stop with customized data accessibility. With Gravity in place, you can track performance using virtually any dimension or criteria: by location, region, or even by team member. You can view your retail chain’s performance from a broad, bird’s eye view and analyze an entire region; or you can zero-in and track performance for Employee ABC at Location 123.
It’s really up to you, and we’re just getting started. Remember, with Gravity, your retail business will enjoy all of the following and much more…
-
Better Financial Reporting: Utilize Gravity’s financial reporting tools to compare locations and analyze trends within one company or across companies.
-
Real-Time Analytics: With integrated tools like Microsoft’s Power BI you can quickly develop meaningful dashboards to prevent issues becoming problems.
-
Multi-Location Inventory: Track products wherever you do business. Each location can control its own pricing, reordering and stocking characteristics.
-
Open Platform: Gravity is written on the Microsoft Power Platform (aka Dynamics 365), an open platform allowing real-time integration with almost any POS or outside system. No more exporting and importing to get financial statements.
Bottom line
Gravity can optimize your retail business’s multi-entity operations into one database while still providing detailed and customized reporting by location, region or any other preferred criterion. Gravity provides true savings in time, money and headaches with only one efficient database to manage. So, when your business needs more features, security and functionality, consider Gravity Software - learn more and schedule an online demo. My business is connected. Is yours?
Gravity Software
Better. Smarter. Accounting.
