Saturday, September 29, 2018

Set-up your POS system to set-right your retail business!


Setting up a POS system for your business environment may give you jitters, especially when you are not computer savvy. But you can relax now as support is forthcoming.

When you choose a POS system for your retail business, it is always better to go for reputed brands who have good service network in your region. As local vendors may tempt you with low cost POS terminals, when you require their service such as installation or trouble shoot, it may be an unpleasant experience for you.   

So, you buy the best POS system for your store which includes a touch POS terminal, Barcode scanner, automatic cash drawer, or hand-held terminal, etc. And, what next? You may require an installation or setting up of the system, right? Here is where you require a good support, and now-a-days, technology has come to your aid as manufacturers have several means to assist customers, either through site visits or remote service modes.

Technology has shrunk POS terminals and made them handy, as you can have a tablet or smart POS devices to run your retail store successfully. As far as set-up requirements, it may vary depending upon the manufacturer and retail applications. The fad is that several POS brands have introduced tablet-based POS systems which are trendy and easier to install compared to their legacy counterparts.

Setup instructions for branded POS products can be found in company websites. This gives you an option that whether you can set up the system yourself or require an external help.

Many POS makers offer video tutorials or step-by-step guides for their POS products so as to give you a smooth walk through during the set-up process. While some offer remote assistance, others provide on-site service facility through their local service partners. Such service may or may not cost you depending upon the warranty period of the system you have.

However, some advanced POS systems may involve complex set-up processes. For such systems, you have to pay a little extra to manufacturers as setup and installation fee upfront and such systems will be pre-configured before they shipped to your address. You just have to plug and play once you receive it.

Alternatively, manufacturers or national distributors provide onsite or remote setup assistance, training services and data migration, and such services generally come free of cost.


Whether you buy a simple Point Of Sale (POS) system and can do the set-up yourself or buy the more advanced POS system where the company do the installation for you, you must give yourself enough time to setup the POS system at your business place before you start using the same.

Since this is going to be once-a-time exercise, in addition to setting up hardware components such as thermal printers, barcode scanners, data collectors, android POS terminals, touch POS terminals, etc, you should spend time in setting up the POS software required for your business type, add inventory, create standard menu (if you run a restaurant), and train your store executives to use the integrated POS systems effectively.

So, set-up your POS system today and set right your retail business to reach new heights.

Tuesday, September 4, 2018

CREDAI is committed to give back to society: Sandeep Mehta

We are in constant touch with the concerned authorities and working for a fast and efficient approval system, saysSandeep Mehta, newly elected President of Confederation of Real Estate Developers’ Association of India (CREDAI), Chennai. 



What are the issues you are going to focus as newly elected CREDAI, Chennai President?
As you are aware, today developers are going through a major challenge in getting approvals. My first and foremost priority would be to work with the authorities, like CMDA, DTCP, and see how best we can bring down the approval cycle to the minimum possible time. Approvals are taking six months or even one year, and the ultimate sufferers are the end users.  After all, developers are playing a role of middleman, wherein they accumulate various components like land, contractors, building materials to produce the finished product. As a project gets delayed, the cost of interest comes on it. This cost will finally pass on to the customers.


What about Corporate Social Responsibility of CREDAI?
CREDAI will be focused in this area largely in the coming days. We are in the process of meeting various government authorities. We are committed to give back to society in terms of, at least to start with, in civic areas. We will be approaching corporations and local bodies. As a developers’ community, we have  expertise in building parks, maintain them, building payments, making good bus shelters, and also engage leading architects to give basic common amenities for people. We are quite focused to take up this initiative and confident that the government would give us enough opportunities to work hand-in-hand, so that we can reach out to people in a big way.


Read full interview here...will be posting the video soon... check out!

Auto marketing helped us achieve success in real estate

The basic learning from the fiercely competitive Auto dealership trade made us to keep customers’ interest first and that has helped to achieve reasonable success in the Real Estate business, says Ajit Kumar Chordia,Managing Director of Olympia Group and Khivraj Estates, vice-chairman – Indian Green Building Council (IGBC) – Chennai and vice-president of CREDAI Chennai. 

Excerpts from an interview with KR Iyer.


Ajit Kumar Chordia
Ajit Kumar Chordia
Your journey so far – From automobile business to a highly reputed multiple-business house in Chennai?

Like any other journey, my journey also had ups and downs. A large part of my business career has been spent in automobile business and when came an opportunity to expand I was fortunate to move into property development.  The basic learning from the fiercely competitive auto dealership trade made us to keep customers’ interest first and that has helped to achieve reasonable success in the real estate business.
Even today, we draw inspiration from the Auto marketing and try to use our learning in Real Estate.

Read Full  Article here.

Building eco-friendly homes with plastics

He is a man with difference. When the whole world is up against usage of plastics, he has different philosophy for using plastics. He says plastics can be useful to man if one puts his mind into it. He has developed a concept to use plastic pet bottles as brick to build houses. Waste management is his PET subject. Converting waste items into eco-friendly products is his favourite hobby. 


Meet the founder Chairman Dr. Patrick Sanfranceso of Non Profit Organization Samarpan Foundation who has launched their first pilot project in Chennai where the foundation is constructing a vocational training centre in Red Hills using plastic PET bottles. Excerpts…



Tell us about Samarpan Foundation?

Samarpan foundation was founded in 2006 in Delhi with a sole agenda that ‘whenever there is a need, we should attend to it’.  We started off doing social activities like slum development and child care and later started our own home for needy children. We now have our presence in Kolkata, Chandigarh, Chennai and Bangalore. Over the years, we have diversified our activities to areas involving socio-economic and environmental protection.

Read Full Article here.

Chennai real estate: Growth unabated

Chennai’s residential real estate is largely driven by end-users. This has made the southern metropolis one of the stable markets across cities in India even during the worst economic crisis in the past. Unlike Mumbai and NCR regions, the price upheaval is not wide-spread in Chennai but limited to only a few pockets within the CBT.

Known for their conservative mind-set, which has its impact on the residential property market trends, people buy properties in and around Chennai either for investment or residential purpose.  For instance, home buyers in Chennai generally used to give importance to location to any other considerations like infrastructure and amenities, and this had put limits on the demand and possibility for community living in the city.


“The growth in Chennai’s residential market can be attributed to the fact that it is primarily an end-user driven. Investor participation is long term in nature, thereby mitigating a speculative market scenario which is prevalent in Mumbai and NCR,” says Suresh Krishn, Secretary, Confederation of Real Estate Developers’ Association of India (CREDAI), Chennai.

Read full interview here.

Indian Real Estate: Uncertainty haunts developers

Amidst a global economic slowdown as a consequence of the US fiscal cliff and Eurozone debt crisis, India’s growth forecasts too have been revised downward over the last three quarters of the year. Even in 2013, it is unlikely that we will see a spurt in growth given the existing inflationary pressures and large fiscal deficit which could adversely impact the scope for policy stimulus in the country. Specifically in the real estate sector, despite the opportunities, the prevailing global and local market conditions have affected investor sentiment, experts feel.

Given the overall economic climate, coupled with the increased incidence of property prices, high interest rates and low sales, along with dismal corporate earnings growth, weak employment scenario in the sector and fluctuating rupee value are keeping investors at bay. Additionally, India hasn't really delivered since 2005 on the promise that it held as an investment destination. With exits difficult and returns less than half of those initially promised, international investors seem to be staying clear of property markets in the country.

According to Sachin Sandhir, Managing Director, RICS South Asia, “Across micro-markets, investor sentiment has been impacted due to inflationary pressures and rising interest rates through the course of 2012, which have only come down marginally with a few policy revisions by the apex bank in the second half of the year. Slower GDP growth rate projections; shortage to the tune of 85% in real estate and construction professionals available today, as highlighted by a recent RICS research and high debt burden of real estate developers have also impacted investor confidence in the residential sector.”

Read full article here

Millennium India Launches Smart and Cost-effective POS Solution for Retailers


New Delhi, Aug 24: Millennium Soft-tech India today unveiled yet another powerful android smart POS – MagicBox Plus – device with advanced features suitable for small and medium retail businesses who hitherto have been struggling to match with big businesses in providing best-in-class customer experience and enhanced store operations.


Millennium, which pioneered in providing integrated POS technology for Indian retailers, earlier in July has introduced hand-held Smart Mobile POS device for small shop owners to help them transact both indoor and outdoor seamlessly while managing inventory, payment, reports and analysis and customer engagement activities.

“Our new offering, MagicBox Plus android desktop POS is ideal for retailers who prefer smaller, sleeker, cheaper and yet powerful POS solution to drive business operations seamlessly,” says Bhaskar Venkatraman, CEO and Director of Millennium Soft-tech India.

The compact desktop POS device comes with industry-best retail software ideal for general and food and beverage retail applications which include grocery shops, stationery sellers,
departmental stores, ice-cream bars, bakery and sweet shops,  food courts, fine dining, takeaway, bar, to name a few.

“MagicBox Plus, while automating several manual functions such as inventory, sales, credits and billing, helps store owners generate valuable reports and analysis for better planning, CRM and loyalty program, GST billing, order taking, mobile banking and staff management,” says Bhaskar, who also heads India’s premier e-commerce portal Justransact.com exclusively for POS products and technology.

MagicBox Plus Android (6.0) device comes with Qualcomm Snapdragon615, octa-core processor, 8GB memory and 1 GB RAM, which can host powerful retail POS software. Despite small in size, MagicBox Plus offers integrated 2-inch (58mm) printe and NFC (optional) technology along with 11.6-inch HD adjustable touch display and elegant but rugged design to customers. Bluetooth (4.0) and Wi-Fi are the other highlights of this POS device.

The pre-loaded software supports critical features such as anytime-anywhere billing, inventory management, spot offers/discounts, loyalty program, and many more. Through this device, retailers can access their store remotely in real time using cloud technology which saves critical data and keeps it secured from potential loss, pilferage or malware intrusion.

“Retailers get cost-effective, integrated, compact and a complete POS solution with cloud application facility.  With this (device), retailers can save a huge overhead cost and considerable retail space while offering customers sophisticated business environment,” concludes Bhaskar.

This press release has been carried by the following media websites.