RICS Enterprise Retail Review - why 4.3 stars?

RICS Enterprise Retail Software Review
ITQlick Score: 81/100
ITQlick Rating: (4.3/5)
Pricing: 6.6/10 - high cost
Category: Retail & POS -> RICS Enterprise Retail
Ranking:Ranked 122 out of 430 Retail & POS systems
Company: RICS Enterprise
Pricing: starts at $249 per month
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: RICS Enterprise Retail pricing, RICS Enterprise Retail alternatives

Shlomi LaviShlomi Lavi / updated: Jul 25, 2022

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What is RICS Enterprise Retail and its features?

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.

What is RICS Enterprise Retail rating?

The rating of RICS Enterprise Retail is 4.3 stars out of 5 and the total score is 81 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses RICS Enterprise Retail?

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.

Is it easy to use?

Yes, RICS Enterprise Retail makes it fairly easy to use. This product is user friendly and intuitive.

Is RICS Enterprise Retail cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access RICS Enterprise Retail on your mobile/smart phone.

Is RICS Enterprise Retail the best Retail & POS system?

RICS Enterprise Retail is ranked 122 out of 430 software in their category (Retail & POS systems).

What are their 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 are RICS Enterprise Retail's pros? (5 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.

What are RICS Enterprise Retail's cons? (5 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.

Who are their main alternatives?

Some of the key competitors for RICS Enterprise Retail are RQ Retail Management and Shopify POS.

RQ Retail Management is a cloud based solution which includes the core features of point of sales, inventory management, CRM and accounting. There are also additional modules for human resources, sales & marketing management for prospect development, as well as customer service for after sales product support. Additionally it supports online shopping requirements through web stores, and provides customers self service screens for enquiry to review comparative pricing and products.

RICS Enterprise Retail on the other hand is also cloud based and supports mobile POS units as well as mobile device access & management of the application. It includes the main features of RQ Retail Management including customer management & loyalty programs, but also supports demand planning & forecasting to ensure more accurate inventory sourcing decisions.

Then there is Shopify POS which uses Apple IPads for all of its point of sales requirements. While it supports the main retail management functions, it also provides an Apps Library which includes various applications that can be integrated for added product functionality. Additionally it offers product variation features which support bundling of different items based on promotional as well as customer needs.

RICS Enterprise Retail does not include these features currently but does provide its own suite of reporting tools which can be used to monitor sales, inventory, customers & point of sale operations. Additionally the product has APIs which allow it to integrate with multiple third party applications.

What is the cost of RICS Enterprise Retail?

The cost of license starts at $249 per month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6.6 out of 10 (10 is most expensive). You can find here the REAL total cost breakdown for RICS Enterprise Retail. You can also find here pricing information from RICS Enterprise Retail's website.

What should you ask RICS Enterprise during a demo session? (65 questions)

Schedule a demo with RICS Enterprise Retail and access 65 must ask questions for the vendor while watching RICS Enterprise Retail in action. Visit the vendor's website here.

List of categories

Data Analysis Tools
Inventory Optimization
Inventory Control
Stock Control
Supplier Management
Retail & POS
Clothing Store Inventory POS
Retail Analytics POS
Retail Customer Management
Retail Inventory POS

List of features

Accounting Management
Customer History
Customer Management
Gift Cards
Inventory Management
Layaways & Quotes
Price Lookup
Print Receipt
Receipt Notes
Sales Commissions
Shipping/Delivery Setup
Store Credit

RICS Enterprise Retail Vs. Alternatives

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Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.