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Inven Trak Webinar 2 December

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www.inventrakpos.com InvenTrak
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Page 1: Inven Trak Webinar 2 December

www.inventrakpos.com

InvenTrak

Page 2: Inven Trak Webinar 2 December

Today we will discuss

Business uncertainty creating opportunity How to thrive in a volatile market Software as a Service vs traditional software

deployment Context vs Core tasks for merchants The InvenTrak Solution

Page 3: Inven Trak Webinar 2 December

Economic uncertainty & pain points The economy has nose-dived, leaving consumers reluctant

to spend money and merchants unsure as to how to stay afloat

Lack of business transparency leads to mismanagement of capital and resources

Volatile markets spur unpredictable customer purchasing patterns

Lack of resources leads to inconsistent customer service, spawning dissatisfied customers

Uncertainty in the economy makes business planning incredibly difficult

Page 4: Inven Trak Webinar 2 December

Keys to retail success

Maximize customer relationships Minimize labor costs Focus capital and resources on core tasks

(making sales) Have an accurate and transparent view of all

business activity Closely manage ROIs Implement the most cutting-edge retail

technology

Page 5: Inven Trak Webinar 2 December

Core tasks vs context tasks for retailers

Core tasks refer to the main function of a company

The core task of retailers is to make sales

The majority of a business’s resources should go to it’s core task

Context tasks refer to any task that is not considered a core task

Context tasks for retailers include inventory management, CRM, etc.

Context tasks should take as little of a business’s resources as possible, and should be outsourced where possible

Core Context

Page 6: Inven Trak Webinar 2 December

What is the Cutting-Edge of Retail Technology?

Software as a

Service (SAAS) refers to a model of

software deployment where an

application is hosted as a

service provided to customers across the Internet.

“Companies are turning to software as a service for its cost savings and

simplicity.”- Information Week (October 2008)

Gartner Research says that by 2011 early technology adopters will…purchase 40% of their IT infrastructure as a

service and that…cloud computing will take off, thus untying applications from

specific infrastructure.”

Cloud Computing

refers to internet-based

software and technology

(The “Cloud” represents the

Internet).

Page 7: Inven Trak Webinar 2 December

What can SaaS do for retail?

In the retail world, SaaS manifests in the form of web-based POS applications, which are beneficial to retailers in many ways. A web-based POS application:Is more quick and reliable than the outdated “backroom”Allows for centralized remote management of several locations simultaneouslyPushes all POS activity information to the central server in real timeAllows for business transparency by providing retailers with detailed information on all aspects of their business

Page 8: Inven Trak Webinar 2 December

SaaS vs traditional software deployment

Requires a costly up-front fee

Technical issues fall on the IT staff of the merchant

Requires extensive and costly training for its users

Pay-as-you-go service that can be cancelled anytime

Technical issues fall on the IT staff of the SaaS provider

Ongoing training offered by SaaS provider as needed

Traditional Deployment Software as a Service

Page 9: Inven Trak Webinar 2 December

www.inventrakpos.com

InvenTrak

Page 10: Inven Trak Webinar 2 December

What is InvenTrak?InvenTrak is a SaaS merchandising solution that handles the context

tasks of retail businesses allowing those businesses to focus on their core task of making sales. Backed by a Central Administrative Server (CAS) that is directly linked to all of our POS units, InvenTrak is a POS software application, an inventory management tool and a customer relations piece.

InvenTrak combines the backroom capabilities of the CAS with our cutting-edge Point of Sale software application, PosiTrak. Every action taken at the POS is pushed to the central server in real time, ensuring that up-to-date, accurate information is always available.

InvenTrak is used to great effect in the world of event merchandising and SMBs and is continually refined to better serve the merchants who rely on its quick, accurate, and efficient capabilities.

Page 11: Inven Trak Webinar 2 December

PosiTrak Features

•Multiple Payment Options•Sales Suspension•Linked Item Sales•Item Recommendations•Customer Management•Tax, Coupon & Refund Codes•Exchange Transactions•Online Technical Support•GO GREEN! Paperless Receipts•End of Day Sales Reporting•Employee Time Tracking

Page 12: Inven Trak Webinar 2 December

Key Features of the PosiTrak Software

Item Recommendations

Customer Management

Go GREEN!

Online Technical Support End of Day Reporting

Page 13: Inven Trak Webinar 2 December

PosiTrak minimum hardware requirements

SYSTEM:

IBM Compatible PC (with Windows XP)

Minimum 40GB hard disk

Minimum 512MB RAM

LCD Touch screen (Optional)

Keyboard

Star TSP600 Parallel Receipt Printer

Cash drawer

Magnetic Stripe Reader

Barcode Scanner

SOFTWARE INTERFACES

Windows - 2000/XP/2003 Server (OS)

Java

MYSQL

Page 14: Inven Trak Webinar 2 December

Central Administrative Server (CAS) Features

ales, Inventory, & Employee Reporting

ustomer Registration and Grouping

ierarchy Management

aster Item

inancial Reconciliation / EOD Tracking

rders & Transfers

ndividual Store Pricing

mail Alerts

essage Broadcasting

Page 15: Inven Trak Webinar 2 December

Key Features of the CAS

Hierarchy Management Sales Reporting

Inventory Reporting

Employee Productivity Email Alerts Orders & Transfers

Page 16: Inven Trak Webinar 2 December

New from InvenTrak! Customer Experience Optimization

Gain customer loyalty Establish strong relationships with your

customers Personalize your customer service Establish a single customer view Understand your customer’s value Group your customers so you may have

a better understanding of them as both assets to your company and as individuals

“You say you provide customer service, but I’ve been shopping with you for years and every time I go to your store or website, you haven’t got a clue who I am. How much do I have to buy before you get it right? If you really cared about my business, you’d get to know me.”

Page 17: Inven Trak Webinar 2 December

Talking points of the InvenTrak Solution

By pairing years of retailing experience with cutting edge technology, InvenTrak gives merchants the means to eliminate the things that cost them money and focus on the things that make them money.

Ease of Use Scalability Centralization of Information Moment-by-Moment Updating Customer Experience

Optimization Strong, Reliable, and Remotely

Accessible Central Server

Page 18: Inven Trak Webinar 2 December

Channel Partners: Getting Started

Execute Software Reseller License Collateral and Marketing Material

Page 19: Inven Trak Webinar 2 December

Collateral

Page 20: Inven Trak Webinar 2 December

Questions and Answers


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