RICS Enterprise Retail Review - why 4.3 stars?

Shlomi Lavi / updated: Jul 25, 2022

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What is RICS Enterprise Retail?

RICS Enterprise Retail Software is a software tool for point of sale (POS) service provision and retail management designed for medium and large businesses. Its main features include POS, inventory management, customer management and analytics and reporting. It has ecommerce and retail accounting features as well. It is a Windows-based tool available for on-premise deployment and for client server deployment.

RICS Enterprise Retail Software is a product of RICS. The company was founded in 1983. It is based in Indianapolis, Indiana.

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Who is it best for?

RICS Enterprise Retail Software is an ideal choice for medium sized, large and very large retail businesses. It can be used for the sale of all types of products and services. It is widely used for apparel, accessories, footwear, sports goods and gifts retail. Major clients include New Balance, Fleet Feet Sports, Ragstock and Halloween Express.

Main features and functionalities

RICS Enterprise Retail Software allows you to perform all basic and some more advanced POS tasks efficiently, easily and quickly. It enables you to manage discounts, coupons and gift cards, to run layway transactions, to produce quotes, to print and email receipts and to handle refunds and returns. The software allows you to run inventory management through barcode generation and inventory tracking and transfer. It supports multiple vendors and produces reorder alerts.

The tool enables you to create a customer database and to track purchase and payment history. It allows you to run email marketing with target mailing lists and loyalty programs. It produces sales, inventory, purchase and department performance reports and customized reports as well. It enables automatic website inventory update and helps you manage your accounts and deal with your bank.

What is the actual cost?

The cost of license starts at $249 per month. ITQlick pricing score is 6.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for RICS Enterprise Retail. You can also find here pricing information from RICS Enterprise Retail's website.

Pros

• RICS Enterprise Retail Software has all of the main POS and customer management features which retail businesses require.
• RICS Enterprise Retail Software is designed to produce different types of reports and to support performance analysis fully.
• The software comes with a comprehensive range of support options from an online database to direct support over the phone.
• RICS Enterprise Retail Software has an open API which enables the full integration of the software to the platform that your business is using.
• The tool is designed to expand its capabilities along with the growth and expansion of your business.

Cons

• RICS Enterprise Retail Software has more basic inventory management features compared to competitors. For examples, it lacks features like minimum markup and loss prevention.
• RICS Enterprise Retail Software comes without an employee management module.
• Direct personal support is available only during office hours, even though it is offered 7 days a week.
• RICS Enterprise Retail Software lacks additional useful accounting features like general ledger and bank transactions.
• The full spectrum of software features cannot be operated from mobile devices.

How it stacks up?

Access a head to head analysis of RICS Enterprise Retail vs alternative software solutions.

Frequently Asked Questions (FAQs)