The restaurant sector in India is on constant growth and is now impacted with GST – Goods and service tax. Hence, we thought of giving you a detailed impact analysis about GST on restaurant industry. If we look at the present statistics of the restaurant industry, as per Indian Food Service Report 2016 it is estimated to be worth 3.09 Lakh Crore. The report also stated that the food market of the country has directly employed more than 5.8 million in 2016
GST EFFECT ON RESTAURANT
The smaller business like food courts, dhabas, coffee bars cater to large segments of population on daily basis. The most people who are in this business category earn modest income and thus the new tax scheme is likely to come under criticism. All types of hotels whether it is AC or non-AC will surely collect the higher rate and this will bring an overall price hike in food items.
Based on the new GST update budget, hotels that are charging Rs 1000 per day for rooms are exempted from taxes. Hotels that are charging Rs 5000 or more room tariff per day will have to pay 28 per cent GST which is a big threat to country’s developing tourism and hospitality. Restaurants in such hotels also, will to pay 28 per cent GST.
In the current tax scheme , restaurant business owners have no option to adjust the output service tax burden with the credit of input VAT on goods consumed, so restaurant owners are encouraging for the GST bill.
Most of the retail shops will be involved with retail management software. It’s mandatory to have any Retail management software in place to control sales and link them up with inventory as everything is accounted for. So UnavuPOS offers the high quality of an integrated retail management software where every feature contains advanced functions and tools to give you complete domain over everything retail-related.
As because it functions in real time you can be confident that your POS software is up to date and accurate. At the moment the sale is processed in your database it will be flagged if any markdowns or other notes come in from elsewhere in the system. So if a product is on sale, the system will know it. live report means you can know about in stock and stock out. Credit and debit payment is integrated into the pay processor so almost any type of payment method is acceptable.
Smooth management of recipes
Best restaurant management software store all the recipe details to ensure consistent food quality and taste for multiple customers and across multiple branches. Managing table layout and guest management – The bottleneck of any restaurant is its seating capacity. Efficient management of tables thus becomes a necessity. A Cloud-Based Restaurant Management Software can aid in carrying out this activity and also manage advance reservations.
Stock out & overstocking can be critical issues for a restaurant. With the inventory management functionality, you will get the complete account of the items used and alerts for ones that are getting over. This will help in proper planning and also control the working capital in the business. Reporting of food cost – After rentals and labor, food costs are typically the largest expense for any restaurants. The food cost reporting of the restaurant management software can show you the actual vs predicted cost and the accompanying difference. This is done by researching on the
Unavu Point of Sale also provides flexible and detailed reporting on customer purchases.which stores every information about your sales and your customers to give you an informed look at how your store is performing and how to move forward for further success.
Unavu software provides with advanced security settings so you can manage what actions can be performed by which people. This provides safety in your system and helps you manage your workforce.
Every point of sale is an opportunity to engage your customer in a positive manner. The effects of positive engagement are clear for all to see since positive experiences bring people back for more. But with Unavu Point of Sale Software, retailers have more than meets the eye at the transaction. Positive engagement is not all that happens! Here are three secret benefits of the POS software Unavu Point of Sale has designed in response to retailer’s requests:
Productivity Maximization bridges the in-store and online selling environment by leveraging a centralized database. This foundation streamlines inventory updates in real time, making it possible to see exactly what is available for purchase. Armed with mobile POS, an employee can answer customer queries anywhere in the store, looking up products, ordering, and selling. Keeping track of it all is easy because access to all data is simplified. Merchandise and employee performance monitoring and managing provide instant insight with Unavu Point of Sale dynamic dashboards. Scheduling and allocating staff, accurate payroll compiling, and more can be defined according to your specific criteria.
Checkout Simplification integrates both debit and credit to your payment processor. Fully transparent promotional rules ensure the customer has no unwelcome surprises at the register because discounts and promotions are in place. Gift cards and registries are not a problem. Targeted marketing offers are visible for the cashier to apply to the sale. Unavu Point of Sale streamlines the checkout process so that both staff and shopper are pleased with the transaction.
Customer Personalization accommodates the preferences of the customer, so those targeted marketing offers are requested and welcome. Clienteling becomes more than a buzzword when UnavuPOS customer relationship management tools painlessly capture data. Identify shopping behaviors and trends to build a community of loyal consumers who feel valued and respected. When people are able to personalize their interactions with retailers, everybody profits.
These secret benefits of UnavuPOS solution are made possible because user-definable action and security settings enable retailers to configure their POS environment to their specifications. Productivity is maximized without slowing down the process, checkout is simplified without slowing down the shopper, and customer experience is personalized without being intrusive. Your Point of Sale becomes automatic and secure. UnavuPOS gives you the power to transform a simple transaction into a powerful asset by providing an integrated retail management solution for your enterprise.
A best business experiencing an arrival of orders will want to be sure to verify the particulars of each client’s checkout request. Whether they use promotional codes, qualify for a discount or need to have their request placed on back order, it is the responsibility of the business to ensure a complete-functioning checkout process.
Point of Sale Software lets an inventory manager to overlook on many aspects of the checkout process. One of the POS software’s defining features is its ability to manage promotional codes and let the user to apply particular rules that automate discounts. Whether you want a chain-wide promotion, a deal specific to one location, or even a discount in a product, POS Software lets you to input the data and have the rules automatically applied to clients’ orders. The software also handles gift certificates and gift cards in a secure way.
Point of Sale provides real-time product look-up to allow a manager to track the latest changes in pricing and availability on any product. This convenient feature will certainly help in answering customer service questions related to the checkout process and will cut down time spent searching for the right answer to the client’s needs.
What’s more, POS Software isn’t only for the checkout line- it also includes work force management utilities that can document scheduling, time and attendance. Having this data on file will eliminate discrepancies among employees and provide the management with clear and thorough information about the staff’s performance.
UnavuPOS also provides the user with customizable security rules . With UnavuPOS software your company can be confident that every aspect of the business model at the point of purchase has been covered.
UnavuPOS is ready to provide our customers with premium quality retail management software solution. Our answer to all retailer needs is a software package developed with various features that all work around a centralized database where you can store, access, analyze, and report on data of all kinds. When you think of the software tools needed to manage a retail business successfully, you probably consider items like accounting tools and analytics features, but one of the most common and important tools is the Point of Sale component. Unavu Point of Sale software works as a complete solution for all of your checkout lanes and helps contact with other parts of the software system to improve practices and reach new levels of success.
With live access to any and all data points in your system, the employees will be able to answer any questions that customers may have about a product in the store. You will also be able to verify prices, styles, and more. All markdowns from the head office are applied automatically with this software, so you can be sure that any sale or bundle deal is accounted for in the overall pricing of a customer’s products.
With the capacity to support multiple cost centers, UnavuPOS software lets retail stores such as department stores to maintain many registers and checkout areas in the same place. This is highly effective for giving customers with convenience and will surely improve the satisfaction of shoppers in your store.
These are just some of the benefits that UnavuPOS Point of Sale software has to offer. Use and see how much it can improve your business!
If you see through most of retail establishment, you can see mobile points of sale being implemented. The issue for most of retailers is that those mobile POS are not used to buy products from the store. Why? Because those mobile devices are individually owned. They are in the hands of customers browsing for reviews of items they see on the shelf, comparing prices, and often ordering from a competitor’s site if the deal looks better.
Give Your Staff The Power of Mobile POS
When sales persons are equipped with UnavuPOS Mobile Point of Sale, they are able to compete by offering services that cannot be accessed by anyone with a smartphone. Because it is integrated with the inventory, the sales associate can immediately look up item availability. This can be done by searching for style, product code, or description.
The centralized database allows your staff to look at all inventory, chain-wide and in real time. A product from another location can be reserved and shipped to the customer’s desired location. Store transfers have email confirmation. Prices can be confirmed and the sale can be made right there in the aisle. Since there is no need to go over to the customer service desk or stand in line at the register, busy customers can get what they want and stay on schedule.
Staff can up-sell and cross-sell with insights from the customer’s purchase history as they update customer profiles and look for any promotional advantages currently being offered in loyalty clubs. The UnavuPOS Mobile POS advantage helps your team turn shoppers into clients who have a committed relationship with your business.
Give Your Customer The Convenience of the UnavuPOS stall(Kiosk)
The UnavuPOS Mobile POS fundamental can also be used to allow independent customers who would rather search for product information themselves. stall located throughout the store can be equipped with the software appropriately so that customers can search for detailed product information, images, inventory availability, and pricing.
This convenience keeps shoppers looking at your own offerings and improve sales. All they need to do once they have verified the availability of an item is ask an associate to complete the sale. UnavuPOS makes it possible to give customers what they are looking for by giving retailers the mobile point of sale they need today
One sure way to boost your retail store’s marketing and customer service power is to install a point of sale system. A good POS system delivers four very powerful benefits right from the moment you start working it. Here are four powerful benefits to a solid POS system:
The right POS system will allow you to customise and personalise the service you provide for each customer that walks into your store. By capturing the name and other personal information of your customers, you can learn about them and their buying habits over time, which will allow you to know them better and deliver better service customised to their individual needs.
As you get to know your customers, you can set rules in place for your POS to help you manage your customer relationships and to market the right products to each customer. The rules should be fully transparent and allow you to manage your customers and your products better.
A good POS system has built-in reporting so that you can get a bird’s eye view of customer buying habits, product inventory, sales target tracking, statistics,and much more. You can run your business more efficiently while managing your customer relationships more effectively.
Better Payment Processing
With flexible payment processing, you can have each customer pay in the way that is most useful to them. Whether you take credit cards and debit cards or act on a cash basis, the right POS system will help you manage and process payments faster and more efficiently.
A best POS system integrates well into your current retail management solution. It makes processing payments quicker and easier, helps you to manage your customer relationships better, and gives you the power to deliver personalized service to each and every customer. In short, it makes your retail business better and more efficient overall.
The point of sale is a turning point in retail. The transaction is complete but there is a potential for much more to happen. UnavuPOS software multiplies the capability at your point of sale because it integrates multiple functions into the process:
- The capacity to look up products and view live status
- Payment processing with credit, debit, and gift certificates & cards
- Promotional rules that are fully transparent
- Workforce management like scheduling, time, and attendance
- Advanced security settings that are user-defined
- Comprehensive customer relationship management tools
- Integrated petty cash, credit notes, exchanges, layaway and special orders
- Built-in reporting, sales target tracking, inventory & KPI indicators, and statistics
- Simple inventory management
- Ability to be used on mobile devices throughout the store
- Receipts, transfers, drop shipments and more
The Power of Integration
Because UnavuPOS utilizes a centralized database, all the information collected at any point in operations can be automatically stored for use. That includes the Point of Sale and any functions built into the software. Collecting all data automatically in real time and storing it securely in one place means that data is instantly accessible for whatever needs to happen.
Since the information is all in one place, UnavuPOS can integrate functions easily and seamlessly. The software is designed to work like a high-performance machine with a myriad of moving parts that mesh and produce power.
The Practicality of Support
In the real world, there will be always problems that must be solved. In retail, those problems sometimes involve the software your business invested in. It’s important that staff be fully conversant with any technology that they use in their job. It is helpful if they understand how proper use fits into the overall productivity of the business because when someone is confident that their work is valued, they are more loyal to their job. That is the reason staff training is normally available for UnavuPOS clientele.
When a problem pops up involving the actual software, technical support needs to be available no matter what time it is. The UnavuPOS Client Care team provides support any time of day or night, every day of the week, and every month of the year. That keeps the solution to problems immediately at hand. Practical support and powerful integration multiply the potential at your point of sale and everywhere else when using UnavuPOS.
Some of the most aggressive retail businesses to do is department stores, which carry a wide range of products that appeal to a large customer base. Department stores require a large number of employees, extensive square footage, and careful planning and every days management. The division of your store into various departments is a critical process that requires perspective tools to succeed. Thankfully, UnavuPOS retail management software is made to handle your department store management needs. With features built into the system that have department store retailers in mind, UnavuPOS is the best department store retail software available.
The cost integration center allows sales to be made at multiple cash registers across the store so that each department can offer a checkout area for its customers. All data is fed into the same centralized system, which has the functionality to report on sales by department and by store. Beyond that, UnavuPOS split-commission capability allows you to track individual sales to multiple employees who each may have had a hand in finalizing the transaction. This type of complex, thorough control over your business exemplifies how our retail software excels in the market.
The software package’s extensive inventory and databases also help boost the sales power of your department store. You can collect data from customers at the point of sale and use it to create customized marketing campaigns to support customer loyalty. The software also supports the creation and use of gift cards and registries. When a customer is at the checkout lane, the software system automatically determines whether the buyer is eligible for any discounts or sales.
Speed up your sales in the department store and strengthen your identity in the retail sector with UnavuPOS software!
Department stores are usually said to be the giants of retail not only because of their physical size. Department stores are some of the first to come to mind when we think of retail business that we use to buy our products,. This is because the most successful department stores employ a multifaceted protocol to interact customers. It includes marketing and advertising, price competitiveness, product quality and diversity, and high-quality customer service.
With that being same, you will be able to imagine how tough it is to balance all of these tasks in conjunction with all alternative traditional retail-related concerns like accounting and commerce. If you’re thinking to make it as a department store, use UnavuPOS retail management software to help you. It’s one of the strong department store management solutions around.
Our software is built with a many of features that are particularly designed to specific areas of business. We have tools for inventory management, promoting, mobile marketing, accounting, and much more. For department stores, we include many features that support the high-volume, high-space nature of the business. Our integrated Point of Sale software supports the need to manage multiple cost centers – you can keep checkout areas in each of your departments and have all sales feed into the same centralized database for future access and review.
UnavuPOS software also lets you manage promoting, inventory, accounts, and much more all the way down to the department level. You can also perform analysis on a department basis to find which areas of your business are succeeding and which are struggling.