Tech Tuesday: Point of sale (POS) systems for retail SMEs

Best tools to revolutionize your retail business

Author

Maziar Foroudian
March 20, 2024

Latest Stories

Discover the Best POS Systems for Retail SMEs! From Shopify to Toast POS, we're exploring the top solutions that will streamline your operations, enhance customer experience, and boost your business. Don't miss out on these game-changing tools!

Aging gracefully shouldn't be hindered by frustrating products. Join Jane Caro and the GCMA in advocating for age-friendly product design and empowering older Australians to live independently. Find out how you can be a part of this movement and make a difference.

Are you tired of wasting your marketing budget on ineffective ads? Meet Prophet, the AI startup that aims to revolutionize the industry by addressing the $1 trillion gap caused by data blind spots and Google's discontinuation of cookies. Discover how they're saving businesses 10-50% on ad spend!

Are you ready to be inspired by a leader who is using entrepreneurship as a vehicle for social impact and change? Meet George Samios, the founder of Madd Loans, and learn about the role of philanthropy in his business model. Discover how giving back can build trust, attract top talent, and make a lasting impact on the community.

Discover how gender representation in finance visuals and customer choices affect women's financial confidence and discover solutions to bridge the gender financial literacy gap. Read on for insights and statistics.

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Top stories

Australians' online shopping habits shifted in 2023 due to cost-of-living pressures. Gen Z cut back, while Baby Boomers grew more comfortable. Australia Post's report shows a decline in overall online spending. Interesting trends and insights emerged.

Fast fashion has evolved into ultra-fast fashion, with brands like Shein churning out trends at breakneck speeds. This trend poses serious environmental and social risks, but initiatives like Seamless aim to lead the industry towards a more sustainable and circular economy.

Australia

Telco equipment supplier NetComm Wireless has entered voluntary administration after over 40 years of operation. The move follows a failed divestment process by Casa Systems in 2023. NetComm continues to operate under administrators while seeking a new owner.

Australian small business owners are older and less likely to adopt innovative technologies than their Asia-Pacific counterparts. This trend could be hindering productivity, as younger business owners are more likely to see growth and innovation.

Bluethumb, Australia's leading online art marketplace, applies lessons from "Atomic Habits" to guide artists and buyers. By focusing on data-driven technology, rapid production, and experimentation, Bluethumb positions itself for successful expansion into the US market.

Australian Economy

Australian power prices are set to decrease for the first time in two years, offering relief to households and businesses. The government is making progress on its renewable energy goals, but critics question the feasibility of promised bill reductions.

India

The Reserve Bank of India's March Bulletin highlighted food price pressures hindering a swifter decline in retail inflation towards the 4% target. Global economies are also slowing down, affecting India's growth prospects positively in the coming period.

India's net FDI declined by 38.4% to $15.41 billion in 10 months due to increased capital repatriation. Despite global weak FDI flows, India outperformed Asian peers. The TEPA with EFTA aims to attract $100 billion FDI.

World

Discover the top franchise brands worth investing in based on their significant growth in the U.S. and Canada. Stratus Building Solutions leads the pack with over 100 times the average unit growth. Ensure careful research before investing.

Small nonfarm businesses in 22 Washington counties and neighboring Oregon counties are now eligible for low-interest federal disaster loans due to economic losses caused by excessive heat. Businesses affected can apply for loans up to $2 million.

Tech

AI in ecommerce outsourcing has transformed the business landscape. With a projected 39% growth in global ecommerce sales by 2027, businesses are leveraging AI to enhance automation and drive efficiency.

Google has scrapped the "Nearby Places" feature in the Google Phone app due to lack of usage, impacting Pixel phone users. This useful tool combined Google Maps search functionality with phone contacts, making dialing businesses easier.

Curated for you

Businesses are utilizing newsletters to reach a wider audience and increase conversions. Tips for successful email list building include offering incentives, providing valuable content consistently, offering multiple subscription options, and promoting social media presence. Compliance with email regulations is crucial for maintaining brand reputation.

Australians' love for live events, from sports to concerts, is clear. Insights from a recent report show fan expectations for digital-enhanced experiences. Better connectivity is needed for features like in-seat ordering and AR/VR interactions.

Rio Miner of Refine Intelligence explains why small businesses are experiencing sudden bank account closures due to "exiting" to combat financial crimes. Bust myths, follow compliance to avoid scrutiny, and foster good relationships with financial institutions for success.

In today's market, building a strong connection between founders and customers is key to sustainable growth and brand loyalty. Consumers crave authenticity and transparency, making personal storytelling and exclusive communities valuable tools for deepening customer relationships.

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