HostBooks Introduces Retail 360 for Enhanced Retail Efficiency

Indian retail-tech startup HostBooks has unveiled Retail 360, an integrated business solution designed to streamline retail processes. The tool is designed to automate and seamlessly integrate all aspects of retail operations, enhancing financial management, optimizing inventory, blending sales and customer relationship management, and streamlining logistics and procurement.

Started in 2009, HostBooks is an Accounting Solutions company that provides a comprehensive platform for TDS, GST, eWay Bill, Accounting, Tax, and Payroll. With the introduction of Retail 360, HostBooks promises a leap in operational efficiency and growth potential for retailers.

The retail sector is undergoing a transformation driven by advanced technology and shifting customer expectations. According to recent projections, the global retail market is expected to surge from US$23.6 trillion in 2020 to US$31.7 trillion by 2025 at a compound annual growth rate (CAGR) of 5%. 

The adoption of technologies such as artificial intelligence (AI), the Internet of Things (IoT), and advanced analytics is anticipated to enhance retail productivity by 25% and reduce operational costs by 15% over the next five years. 

The solution is designed to support retailers by increasing productivity and streamlining operations, allowing them to meet the demands of a rapidly growing market. Founders Kapil Rana and Biswajit Mishra emphasized that Retail 360 will enable retailers to achieve sustainable growth by automating and integrating every aspect of their operations.

HostBooks’ MFG 360° aims to capitalize on this growth by offering a comprehensive solution that enhances financial management, optimizes operations, and streamlines inventory and supply chain processes. 

Retail 360 integrates advanced functionalities to enhance customer relationships, drive sales growth through personalized communication, and improve business decision-making with real-time dynamic sales analytics. 

It includes a comprehensive loyalty program to ensure repeat business and effective management of receivables and dealer collaborations. By optimizing inventory levels and operational efficiency across multiple stores and warehouses, Retail 360 promises to elevate the retail experience significantly.

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