The Buhl Group, a German firm, pioneer in financial as well as tax software, recently announced unveiling of Point of Sale (P.O.S) solutions on the android platform Imprezz, thus, announcing it’s plans for Indian operations, with a vision for empowering and shifting the nation’s diverse businesses. The group states they have an annual turnover worth € 150 million with 13 offices across Europe and Asia with 50 software merchandizes.
Imprezz is a business operations software that bring about accounting, GST compliant invoicing, inventory, customer data, order processing etc for various industries like services, manufacturing, automobile, and more.
The firm claims that Imprezz’s uniqueness is its Point of Sale (P.O.S) solution on the mobile app with 2,00,000 accessible merchandize data for grocery and kirana merchants.
The firm also claimed that, Imprezz software application is accessible on both web as well as android application have aided diverse businesses and industries to generate invoices worth ₹ 600 crores from more than 22,000 small and medium businesses.
The firm also was prompt to announce end-to-end Point of Sale (P.O.S) solution on the mobile app with Imprezz aiding the grocery and kirana stores by providing a feature equivalent to a cash register popularly used by the retailers to manage their sales, inventory and customer data tested out on over 100 retailers across Bengaluru and Mumbai.
Statement from Moritz Buhl, Managing Director and CEO, The Buhl Group
Announcing the group’s plans for India, Moritz Buhl, Managing Director and CEO, The Buhl Group, said, “We are happy to introduce the P.O.S solution on our product Imprezz for the Indian market. India is one of the largest retail markets in the world and yet is unique in that it is characterized by its unorganised retail, primarily kirana stores. The pandemic in the last year has forced retailers to adopt digitisation more than ever before and we feel this is just the right time to offer Imprezz P.O.S to the retail market here. Our test phase in Bangalore has provided us a very positive response and we are looking to scale pan-India soon. We are confident in the leadership spearheaded by our country head Amit and in the team that he has put together for us here.”
Statement from Amit Mundra, CEO and Country Manager, The Buhl Data Service Pvt. LtdAmit Mundra, CEO and Country Manager, Buhl Data Service Pvt. Ltd. added, “India was among the few countries world over to show growth in retail sales in 2020. The retail market size in India is expected to grow to 1.7 trillion USD by 2026, according to a report by Statista. Groceries contribute to 65% of India’s retail and more than half of them belong to the unorganized segment – single outlet supermarket and neighborhood provision stores. Therefore, it is only appropriate for us to target this vertical for Imprezz in the initial phase of its launch in India. We have listed over 200,000 brands on the P.O.S mobile app even as we launch and we hope to expand this to another 500,000 in the next three months. Such a large and comprehensive listing of brands and products and the app’s capability to address inventory management, invoicing, payments and customer profile management and overall supply chain, together make it compelling for retailers to adopt it, making their processes more efficient and their lives easier.”