RESICO is an original product created by our company – a retail management solution designed to help retail companies work better, more modern and more efficiently.
Here you will have the opportunity to learn more about RESICO, when and why it was created, and, above all, how RESICO is able to streamline and develop the company’s operations!
When and why RESICO was created?
Going back to the very beginning, the founder of our company, Ingus Beks, says that while working on the implementation of ERP systems in the “Tiger” network, he realized that Latvia’s strict legislative requirements and the small market with low solvency have their own benefits, because such conditions force entrepreneurs to keep more accurate records since the beginning of the company.
During this time, he already had a vision of how a warehouse management system would work if one were to be created. At the same time, the thought crossed Ingus’s mind that there are so many “startups” that are already doing something in this segment. However, when he came closer to the solutions created by startup entrepreneurs, he noticed that they are full of enthusiasm, but often lack industry experience and understanding of company processes, so the solution turns out to be ineffective in practice. It gave the courage to create our own solution.
Of course, the path has not been easy – behind each button hides hours and hours of work to develop the best solution for potential customers.
RE-SI-CO – what does it mean?
Resico is an abbreviation of the words Reliable, Simple, Competent. When we wanted to create our own product – a cloud solution, we felt that we had enough accumulated experience, hence the word Reliable. In retail, it is very important that the solution works all the time and that the stores are open. Simple – stands for the idea that it is convenient and easy to use. We had noticed that it is difficult for people in the store to use complex solutions and it takes a lot of time. Competent – stands for our team. We were no longer a “startup”, we had worked in the industry for more than 10 years and understood how it all works, so we also had a clear idea of how we could do better. We wanted to convey this competence to a wider audience.
Why do companies choose RESICO?
Laura, a representative of the Heinman Baltic company, admitted that one of the biggest problems she faced when opening a store in Latvia was the difficult initial stage. “There is one company that offers a cash register system and then there is a programmer who will develop the program. After that, it all has to be put together.” The work with the programmer was already started, but it needed time from Laura’s side – to discuss the nuances, to think how it will all work. “I would have done all this if I hadn’t found IBSC.”
Currently, Laura admits that she recommends IBSC and RESICO solution to other entrepreneurs for the sole reason that “everything is given to you, starting from the cash register system, equipment, program, certificates, terminal registrations.”
Some of RESICO’s features and why they are important for every business:
RESICO is suitable not only for shops, but also for other retail businesses – online stores, cafes, bars, restaurants – it is adaptable to the specifics of any business.
Our developed system helps maintain accurate warehouse management, so that you know the number of existing products and their location at any time – this facilitates the work when placing product orders, as well as the inventory process.
It is known that it is important for every company to keep track of the company’s financial reports – income, sales of products and their cost. By knowing the company’s results, it is possible to make data-based decisions so that the company can develop.
RESICO’s built-in CRM model (customer relationship management) helps structure and manage relationships with the company’s customers and suppliers. The solution combines all communication channels that need to be used in daily transactions – all information is in one place and is clearly visible.
No less important is the connection of warehouse accounting with the cash register system, so that all sales data are automatically synchronized with the warehouse, and all warehouse products are available for sale in the cash register system. From our warehouse accounting system, it is easy to manage the installed product sales promotions, including implementing customer and gift card solutions.
Today, e-commerce is of great importance, which can be used as another sales channel. In the online store, it is also possible to install almost everything from RESICO, as well as manage product availability and obtain sales data. As Dina, a representative of SIA “Glamorale”, admits: “Connecting the RESICO warehouse accounting to the online store is very convenient. We can follow everything very easily. Mostly everything synced up and if not, we quickly find the error. From IBSC, we quickly get advice on what to do so that everything happens – in that sense, very cool!” It is important to add here that we also offer 24/7 service to our customers.
Entrepreneur, it’s time to simplify your life so you can focus more on important decisions and company development! It is a sin not to use modern technology when it is so easily available!
