Pay $149 / month, and receive $1,500 worth of POS equipment / hardware for free
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The more operational systems a retailer uses, the more opportunities there are for complications and mix-ups. Bindo is an all-in-one point-of-sale (POS) solution that local businesses can use to bring their sales, e-commerce, mobile commerce, and inventory management systems together in one place. The cloud-based POS solution works quickly and efficiently for small and mid-size businesses.
Built to improve the retail experience for both merchants and consumers, Bindo offers back-end and front-end solutions that work on smartphone, tablet, and desktop devices. The company’s web-based POS system connects directly to retailers’ online stores. Bindo analyzes sales and activities, and it presents the information gleaned as business insights. Merchants can rely on these insights to learn about their customers and sell more goods through their own online and offline sales channels.
Although Bindo started out as a hyperlocal marketplace for local commerce, the company has transitioned to become an innovative provider of cloud-based POS solutions. Realizing there was a huge de-synchronization in inventory, the team behind Bindo set out to build a POS that enabled merchants to seamlessly and simultaneously sell products in both online and offline environments.
Bindo is aiming to bridge the gap between online and offline sales for local merchants. The company’s cloud-based POS solution offers features for inventory management, CRM, and business analytics. It also offers web dashboards, which allow customers to import and export sales information on desktop, along with an API. The API makes it possible for Bindo to integrate with many different mobile apps, as well as e-commerce websites.
Bindo offers “smart” inventory management tools with automated features for retail businesses. Simple Scan Technology allows retailers to scan the barcodes of products to quickly retrieve photos, titles, and descriptions from Bindo’s database. This technology eliminates the need for retailers to manually input product information into their inventory systems.
In addition to automating the inventory inputting process, Bindo has found a way to help merchants track their own stock and sales in real-time. Business owners can retrieve inventory updates, they can generate custom inventory reports, and they can quickly update their inventory on any connected device. Portable inventory management tools allow Bindo users to retrieve current stock information from any location, inside or outside their physical stores.
Bindo’s customer relationship management (CRM) tools help businesses determine who their best customers really are. Merchants can generate detailed customer profiles, complete with purchasing histories. They can also access sales, orders, and profit margins from a centralized database.
In order to effectively utilize Bindo’s CRM solution, businesses need to create customer profiles. These profiles can be generated automatically during the checkout process. Bindo captures information including customer names and order details. This information is then combined with more nuanced data, like email receipts and the number of credit cards on file. Retailers can quickly see how much their top buyers are spending, which is a useful metric for customer retention efforts.
Analytics tools help merchants improve the way they run their businesses. With Bindo, retailers can view breakdowns of revenue, wholesale costs, and profit margins. They can also create income statement breakdowns to reduce operating costs and maximize income.
In addition to income statement breakdowns, Bindo can generate historical comparisons data using hour-by-hour or year-by-year revenue information. Transaction Breakdown Reports let merchants view the details of individual sales, while side-by-side comparisons make it easy to see a store’s best and worst selling products.
Merchants can automatically manage shift activity using Bindo’s cash management tools. The cloud-based solution tracks every transaction that occurs during individual shifts and automatically calculates how much cash is expected to be in the cash drawer at the end of each employee’s shift.
Bindo generates separate shift reports for each employee, which lets managers see which salespeople opened, closed, and accepted payments during any given day. Shift activities can quickly be printed or exported. Managers also have the option to disable the “expected amount” balance, which is one way to deter employee theft.
Retailers with brick-and-mortar stores frequently use Bindo to sell their products online. The Bindo Marketplace, with web and mobile storefronts, allows users to sell through multiple channels.
One-click setup makes it possible for merchants to quickly pull inventory from their offline stores onto their e-commerce websites. Synchronization features ensure that all in-store and online inventory data is linked. Pickup or delivery options are also available. Customer acquisition features and marketing tools are offered through the Bindo Marketplace, where shoppers on mobile devices can search for stores in their nearby areas.
Bindo does not officially integrate with third-party applications. However, the company has a robust public API, and can be integrated with most mobile apps and many e-commerce websites.
Pricing for Bindo is $89, plus $49 per extra register for 50 to 1,000 SKUS, or $149, plus $49 extra register for 1,000 to 10,000 SKUS. Larger accounts are managed on a case-by-case basis.