Wings ERP Retail

Wings takes care of the entire finance function: complete financial accounting including General Ledger, Profit & Loss, Balance Sheet, Cash & Funds Flow, etc.

Wings takes care of every process covering cash and bank management including Bank Reconciliation, Inter-Bank Transfers, Cheque Bounces etc.

Wings makes Bank Reconciliation easy...

Complete PDC management includes accounting for receipts, payments, deposits and clearings of PDCs. It helps in effective management of outstanding PDCs.

Manage collections by credit and debit cards, interfaces with swipe machines etc. It also accounts for amounts received from credit card companies.

Wings enables adjustments such as, debit and credit notes, journal vouchers, opening entries, etc.

Reports

Wings generates all books and reports essential for great accounting. This includes:

• Profit & Loss, including branch-wise
• Balance Sheet, including branch-wise
• Trial Balance, including branch-wise
• Cash Flow
• Funds Flow
• General Ledger
• Day wise Summary Ledger
• Cash & Bank Books
• Sales & Purchase Books
• Journal & Day Book
• Listing Reports
• Trend Analysis
• Transactions Analysis

Wings financial accounting is seamlessly integrated with all of the modules.

Inventory Management

The most complete inventory management in its class.

Monitor stock in real time, to balance customer needs while minimizing the carrying costs of excess items and help make more informed inventory purchases and get a handle on demand. Manage your inventory of garments/ apparels based on type, article number, size & color.

• Piece wise tracking
• Identifying understocked / overstocked items
• Fast Moving / Slow Moving items
• Match inventory to the unique needs and demands of each store
• Stock Audits

By facilitating rapid, scan-based receiving, put away and inventory counts, retailers experience improved accuracy on the store floor and decreased time spent with order processing.

Item Categorization / Product Profiling

Items can be categorizes in different hierarchy or in tree structures. The individual attributes can be associated to article / Item for better reporting.

A shirt is not just a shirt, and it more much more Profile including

• Category
• Size
• Color
• Style
• Brand

• Every article having multiple color with multiple size need to create in a single entry as attributes are same for the matrix.
• The matrix concept of articles /styles consolidates the style to color and to size level making SKU. Hence, matrix is core of business drilling down to SKU and consolidating to category and sub category.
• Thus, the matrix truly is a short and best view and entry format for the style or article. The option is a really the best and unique differentiator factor offered by Wings ERP.

MRP increases as size increases especially with the Children wear. Here can manage the cost even if for different sizes.

• Article can be associated with unique barcodes that are auto generated. Article with same style but with different color and size will carry different / unique barcode. Item formulated on a combination of Product, Brand, Category, Color and size. Each such item carry a unique barcode. This helps to recognize a particular item, track trends.
• Unique barcodes also helps in supplier recognition, cost changes, price changes, discount tracking, executive commission, special discounts etc., however, barcodes provided by OEM also supported.
• Unique barcodes ease the both inward and outward processes and helps speedy stock audit.

Wholesalers are essential part creating a connection between the OEM and the retailers. Wings ERP offers an integrated solution that lets you maintain history while processing all the financial transactions, from invoices, purchase orders and inventory tracking to receipts.

Wings ERP identified the need for ERP for wholesalers, as they should have the capacity to satisfy consumer demands and timely deliveries. Using Wings ERP can enhance inventory management, data precision, time management, and supplier and customer relationships.

Wings ERP enables quick and easy access to customer purchasing history allows sales reps to provide personalized service and meaningful recommendations to increase upselling and cross-selling opportunities. It also helps customer retention by

• Collect customer information into Wings; generate a unique ID for future references.
• Tracking customer data ensures your marketing communications are reaching the right people at the right time.
• Tailor your offerings from store to store that maximize loyalty within unique communities.
• Utilize loyalty programs and gift cards to develop stronger relationships with customers

Wings offers true Branch Accounting. Wings maintains accounts segmented by Branches.

Branch Accounting gives you the flexibility to take your financial statements vertically with respect to one or more branches. You get all reports including Branch-wise Profit & Loss, Balance Sheet and General Ledger etc.

Manage inter-branch transactions:

• Stock requisition from branches.
• Stock transfers against requisitions
• Funds requisition from branches
• Cash and Bank transfers to branches against requisitions

Create and manage any number of budgets, for any account or group of accounts, segment-wise, for any period. Get variance analysis to help manage better:

• Branch-wise Budget Variance
• Division-wise Budget Variance
• Department-wise Budget Variance
• Project-wise Budget Variance
• Profit-Centre Budget Variance
• Cost-Centre Budget Variance

Wings Analytics helps you to sell more by gathering deep, meaningful insights about your data points, aggregated sales data from POS to track fashion trends and seasonalities and helps to serves customers tastes. As fashion industry is trendy, retailers cannot stock the same product for years. Wings analytics track those changing trends and understand local target markets.

Incorporating predictive analytic tools, Wings helps retailers improve demand forecast accuracy and suggest better allocation and replenishment strategies.

Wings ERP is designed to take care of every requirement of the business with regard to all its taxes, including seamless and online compliances.

This includes:

• GST, including online filing, invoicing, invoice matching, e-invoicing, E-way bills, etc. Read more.
• TDS and TCS, including deductions, collections, reports and returns. Read more.