Retail software to manage your budget

In times of economic stress, businesses must manage their budget more carefully than ever to ensure that they are running at their fullest potential. In a retail environment, it can be difficult to choose the best way to balance a budget. There are often different sectors of business that require attention and in a sales environment you have to leverage the money you spend with the price tags on your merchandise and the frequency of purchases made. Thankfully, ChainDrive’s retail management software includes powerful budgeting software solutions that help you analyze data and come up with a reasonable budget. It’s all found in the Retail Budgeting software component.

Retail Budgeting is centered around setting realistic goals for your business and identifying key performance indicators to help you monitor your progress. Leveraging data found in the centralized database concerning sales and performance will clue you in on how to make the specific changes you need to succeed. Once you’ve chosen a plan for yourself, you can select a certain statistic to track as your indicator of progress. It might be sales per day, dollars per day, or any other figure you find most meaningful to you and your retail environment.

A couple of other key features include:

• Multi-level and POS visibility to give you access to all real-time data and accumulated historical data on everything down to individual stores. This will be an invaluable tool in helping you plot out a budget.
• Configurable views let you look at data in a way that suits you best. If you prefer a specific type of graph or chart, Retail Budgeting can do that. Views can be saved, recalled, and displayed however you wish.
• The Annotation tool lets you add customized comments to data. This will let you make note of any anomalies based on extraneous circumstances in your reporting.