How cloud based technology solutions are helping their merchants to continue on business
By now we all know that things are moving really fast with the COVID-19 pandemic. The novel COVID 19 is caused by the contagious coronavirus affecting both the global economy and health.Many countries are acting to contain the viral spread through mass closures of businesses and orders to stay inside the home. The pandemic has presented fresh challenges for the country's economy, causing a severe disruptive impact on both demand and supply-side elements which has the potential to derail the growth story. Businesses are finding it challenging to cope with their day to day operations.
With new positive cases, every day in most of the countries right from Asia, the Middle East to Europe COVID-19 has become one of the major concerns for all. Government of all the countries are taking extra steps and precautions to control the rapid spread of the virus.
One of the extreme steps is the lockdown of more and more countries to prevent the spread of coronavirus with growing concerns about how to deal with the economic crisis caused by this major slowdown in productivity, particularly on small businesses.
India is in Phase 2 and if we don't stop transmissions we have to brace ourselves for the worst situation.
Everything came to a halt after the Prime Minister Narendra Modi announced the world’s largest lockdown on 24 March, asking 1.3 billion Indians to stay home for 21 days to slow the spread of COVID-19.
People have been advised to practice social distance from one another to help stop the spread of infections, delay the transmission and reduce the size of the outbreak. But, this has already started to impact the economy of the country.
Especially, the small business sectors such as Grocery Stores, Kirana shops, SME’s, MME’s and all type of Retailers globally.
During this tough time where the virus spreads through touch, only digital business solutions can help these business sectors to continue their day to day tasks in the best way possible. Point of Sale Solutions has been helping many such businesses grow digitally through most of its features.
Through POS solution such as ePaisa business owners and managers are monitoring daily digital reports from anywhere remotely without any social touch. The feature is helping them to map business growth by providing access to reports on sales, items, and customers all in one neat summary for any date range. The merchant can access real-time data from anywhere by running the business as a location-neutral activity.
Not only that, the inventory management feature allows the staff and business owners to track each stock availability. After a certain percent of the sale of that product, they receive a notification for the number of stock available on a real-time basis. Basically helping them to continue with the increasing product demand.
Lately, the Government of India is also urging the citizens to avoid cash transactions. One of the important features of any of POS solutions is the acceptance of digital payment.
Merchants and retailers who already have POS are accepting card and QR payments from the buyers for quick billing thus avoiding one to one-touch, huge gathering and long queues.
The cash register feature helps to simplify the billing process so that you get paid on time. Item modifiers enable you to easily add, adjust item quantities or apply discounts at the point of sale. On the other hand, the buyers receive a paperless receipt against their purchase All these features are serving as an alternative to manual work preventing any social connection and also saving time.
Most of the merchants have increased the use of these features to fasten their day-today process since they prefer keeping their shops and stores open for a limited time with extremely less staff or helpers. We still get merchants' query and our customer service is helping them in the best possible way.
The panic around COVID-19 spread has led to basic necessities flying off shop shelves. Again, due to word of mouth and less awareness, Retailers who mostly deal with consumer products and Grocery Shops are witnessing a lot of panic buying happening with crowd gathering for purchase which is not safe for anyone present there. But this is likely to continue for at least one-two weeks more, so a systematic approach through technology or cloud-based business solutions like POS would be advisable to these business sectors. It is also advisable to buy enough groceries for a week and do not hoard as the government has assured a regular and seamless supply of essential items.
In the coming days, coronavirus outbreak will change how we shop, travel and work with people being more cautious and I think that is best for the human race.
Through POS solution such as ePaisa business owners and managers are monitoring daily digital reports from anywhere remotely without any social touch. The feature is helping them to map business growth by providing access to reports on sales, items, and customers all in one neat summary for any date range. The merchant can access real-time data from anywhere by running the business as a location-neutral activity.
Not only that, the inventory management feature allows the staff and business owners to track each stock availability. After a certain percent of the sale of that product, they receive a notification for the number of stock available on a real-time basis. Basically helping them to continue with the increasing product demand.
Lately, the Government of India is also urging the citizens to avoid cash transactions. One of the important features of any of POS solutions is the acceptance of digital payment.
Merchants and retailers who already have POS are accepting card and QR payments from the buyers for quick billing thus avoiding one to one-touch, huge gathering and long queues.
The cash register feature helps to simplify the billing process so that you get paid on time. Item modifiers enable you to easily add, adjust item quantities or apply discounts at the point of sale. On the other hand, the buyers receive a paperless receipt against their purchase All these features are serving as an alternative to manual work preventing any social connection and also saving time.
Most of the merchants have increased the use of these features to fasten their day-today process since they prefer keeping their shops and stores open for a limited time with extremely less staff or helpers. We still get merchants' query and our customer service is helping them in the best possible way.
The panic around COVID-19 spread has led to basic necessities flying off shop shelves. Again, due to word of mouth and less awareness, Retailers who mostly deal with consumer products and Grocery Shops are witnessing a lot of panic buying happening with crowd gathering for purchase which is not safe for anyone present there. But this is likely to continue for at least one-two weeks more, so a systematic approach through technology or cloud-based business solutions like POS would be advisable to these business sectors. It is also advisable to buy enough groceries for a week and do not hoard as the government has assured a regular and seamless supply of essential items.
In the coming days, coronavirus outbreak will change how we shop, travel and work with people being more cautious and I think that is best for the human race.
