Taking advantage of a lack of dominant players in certain vertical markets, developer Technology One has continued its expansion, this time into the retail arena with a point-of-sale and financial solution, Retail One.
In an attempt to service the retail mid market in a similar fashion as it has the financial and education markets, Technology One has designed a solution that fully integrates retail applications at the front end and financial applications at the back end.
"Solutions in the marketplace at the moment are purely point-of-sale solutions that handle the retail side well but don't come with a complete financial package," said Adrian Di Marco, managing director of Technology One. "Ours is a fully integrated point-of-sale and ERP-wide financial solution."
Di Marco, however, is quick to point out that the solution is designed to seduce retailers with 30 to 500 seats so it is not a traditional ERP solution in the sense of exorbitant cost and complexity.
Di Marco explained that Retail One is able to combine the different applications by utilising client/server-based technology. "A lot of point-of-sale solutions that are on the market now use old technology that goes back to before client/server. We leverage power off this technology," he said.
It is not just the combination of financial and point-of-sale technology that Di Marco believes makes Retail One an innovative product. It is the actual point-of-sale mechanism as well. "It is fast and easy to use, the scanning features are built-in and the EFT is fully integrated. This means that the retailer has only one transaction instead of two."
Still in the production stage, Retail One is currently being implemented into Technology One's beta customer Super Cheap Auto's 39 stores across Queensland and NSW.
"When we go to bring a product to a particular market space we work with a company in that space - real live people in real life, experimenting on a live site," Di Marco said, referring to Technology One's partnership with the automotive chain. "Retail One will be implemented in Super Cheap stores by the end of this year and will go into general distribution by the second quarter next year."