Business Daily from THE HINDU group of publications
Saturday, Sep 12, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, Sep 12, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Marketing
-
Information Technology Info-Tech - Software BI Retail software for small firms The software is available on a subscription model at Rs 5,000 a retail outlet. Our Bureau Bangalore, Sept. 11 BI Retail, a UK-based software firm, has launched a business intelligence software for small and medium-size retail firms. To counter the high price tag that existing retail software come with, BI Retail has deployed the ‘Software as a Service’ (SaaS) model where the software is available on a subscription model. “It would be made available for Rs 5,000 a retail outlet and would decrease as the number of subscriptions by a client increases,” said Mr Niraj Jaipuria, Director, Regional Sales, Asia-Pacific, BI Retail. The new software (BIRetail) is aimed at helping retailers hold stock efficiently, improve customer servicing and manage their supply chain better. The implementation cycle for BI Retail would be four weeks against 6-12 months that other retail business intelligence software providers take, said Mr Jaipuria. The software could be used even when retailers scale up. “This can be used by single store owners and retailers having up to 100 stores,” said Mr Jaipuria. BI Retail was started with an initial funding of Rs 5 crore ($1 million) and is targeting a turnover of Rs 250 crore ($50 million) in five years. BI Retail is being used by retailers in the UK, West Asia and India. The Indian retail sector is valued at around Rs 2.7 lakh crore ($450 billion). The market size of Indian retail business intelligence software is pegged at about Rs 235 crore ($47 million). More Stories on : Information Technology | Software | Retailing
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|