Lightspeed Retail Expands Cloud-Based POS Software

Lightspeed updates

To help retailers and restaurants keep their shelves stocked at all times, whether physical or virtual, Montreal-based point-of-sale software provider, Lightspeed, expands the features of its omnichannel POS software.

Negative Inventory Report, Home Data-Driven Dashboard, Vendor Returns, and Newly Supported Images Dimensions and Formats are four new additions to Lightspeed Retail’s suite of tools.

“There has been an increasing demand for a measurement tool to help retailers in complex verticals better manage the surplus or shortage that frequently arises as a result of product shifts, These features help our customers fully understand what factors are affecting their stock, from overselling items to purchase orders, so that they can plan their product operations accordingly.” – Dax Dasilva, Founder and CEO, Lightspeed

After using Lightspeed Retail’s new features, the platform’s existing customers saw positive results on their daily operations.

Understanding each additional feature.

Although a leading cloud-based software provider that enables retailers to manage their online and physical stores from one place, Lightspeed’s latest offering is a validation of its ability to make things better.

With the new features on its POS platform, the company’s customers can gain new insight into different areas of their business. This is explained in more detail below.

● Negative Inventory Report enables retailers to determine the source of common issues resulting in stock deficits through comprehensive inventory reports, accounting for product both through Lightspeed Retail and Lightspeed eCommerce to maintain updated, accurate inventory information.

● Home Data-Driven Dashboard focuses on the shop’s overall goals, including revenue, margin, profit, sales, discounts and refunds.

● Vendor Returns was redesigned to make it easier for merchants to manage inventory, including quantities on return orders.

● Newly Supported Images Dimensions and Formats enables merchants to showcase their products online in more detail, thus helping the luxury verticals to deliver compelling experiences and increased sales.

What do you think of Lightspeed’s new offerings in relation to your business’s needs? Let us know in the comments below or join our Facebook Group.

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For almost 10 years Dave has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant it was the opportunity to start UnderstandingE with Matt Ogborne showing the world how to utilize Magento as the Third Generation of Multi-Channel software. Dave also recently started a YouTube channel called the Manc Entrepreneur (click YouTube icon link below to watch Dave's videos) where he discusses all things eCommerce and entrepreneurship aimed to help young entrepreneurs get started on their own journey. When Dave isn’t working his main interests include, Technology, Cars and throwing himself off high things into water.

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