For any type of business, managing cash flow has a direct impact on revenue and other business operations. Invoicing is at the heart of having a smooth-running cash flow management. At a brick-and-mortar store, it is highly important to have a fast and accurate invoicing process, as products or services are sold directly to customers….
Cash management nowadays has been significantly improved, with technology automating the process and minimizing human errors. By shifting from manual cash management to a POS system, businesses can save time and money to invest in other tasks. Being one of the most leading eCommerce platforms, Magento is not the exception when it comes to providing…
A high abandoned cart rate is always an arduous challenge for every online store nowadays. Many of them have poured a huge amount of time and effort in order to ensure that their customers will make purchases after creating a shopping cart with a fast check-out experience. By understanding what makes customers leave eCommerce stores…
When it comes to the eCommerce industry, besides its significant benefits to the modern consuming world, fraud is one of the most complicated problems for every retailer and customer. Every online shop owner is pouring time and effort on finding solutions to effectively prevent online shopping scam. In this article, we would like to come…
The holiday season brings a great opportunity for online shops to gain more profit. While purchasing gifts online is easy and convenient, both customers and retailers are prone to many eCommerce frauds. It is necessary that you are mindful of these following popular online shopping scams and make sure that you have taken the appropriate…
In order to adapt with the constantly changing market, a modern POS system should be a combination of powerful hardware and software. It is a must that their features can cover the entire retail business including sales process, inventory management, customer services, etc. Hence, before deciding to purchase any POS system, retailers should consider what…
Tax calculation is one of the most important business activities that every store owner has to pay attention to. Not only does it relate to financial issues but it is also a regulatory affair. Businesses nowadays use a point-of-sale (POS) system to handle this activity in a more accurate and efficient way. To help you…
According to the Association of Certified Fraud Examiners, almost half of small businesses are victims of fraud at some stage during their company lifecycle, who are not able to recover from these losses. Thankfully, there are steps you can take to reduce the vulnerability and protect yourself and your customers from cyber-attacks. This article will…
Conversion rate is an important measurement in any online store. It is the percentage of visitors who conduct the desired activity on a website (such as making a purchase or adding items to the cart), out of the total number of visitors. Without a doubt, businesses with a high conversion rate have greater chances of…
In the eCommerce industry, it is extremely important for businesses to have a good website, as it is the entry for customers to visit your online store. But how to transform ‘visitors’ to ‘customers’ is another question that every online business always asks, and this is related to the conversion rate. Therefore, this article will…
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