The new V16 suite enables continuous system updates. Database and information backups will be managed through the solution, keeping the business updated, up and running with lesser manual labor and lesser hours spent on updating system and more time in trading. It also supports 24 hour trading.
Smart Cash Management:
Wrapping up for the day is easier with rolling close concept applied to cash registers. Register/store closing activities can be done one by one on cash registers while the trading is still running up front. Effective for always open store operating models, the system takes the closing of cash registers to the background so that businesses can run 24/7 at the front.
Day to day cash management takes a lot of time and manual labor for retailers. At times there are no staff available at the end of the day for cash management tasks and even store associates may have to stay back extra hours to close it. This leads to delays in daily downloads of pricing and promotions, causing transaction details to audit application to also get delayed. The whole store closing process as a result gets delayed. Introducing deferred cash management, integrated in the new suite will give the retailers an option to complete cash management tasks as part of day end activity or configure the system to defer this for a suitable time in future.
UI has been updated for the reporting section as well with new look and feel and reduction in menu option for ease of use.
Tax free enablement:
With direct integration with Fintrax and Global Blue, Oracle Xstore new suite has enabled integration of tax free shopping. This enables tax free shopping for eligible customers without manual form filling. The integration allows the webservices calls to be recognised by customs and excise service for refunds throughout Europe.