Storis to Unveil Vision9.1 Enhancements

April 10, 2012  by in UnCategorized   

By Home Furnishings Business in Retail Technology on April 11, 2012

Retail automation vendor Storis will highlight new features for its Vision9.1 system at High Point Furniture Market.

Storis' forthcoming release, set for this summer, will provide users with increased pricing and payment features, particularly in the areas of point-of-sale discounts, impact fees and extended receivables.

"This Vision release is about getting back to business," Mt. Arlington, N.J.-based Storis Director of Product Management David Berger said. "With the release of Vision9.0 in 2011, we introduced an enhanced interface that focused on better quality user experiences. With 9.1 our development efforts targeted essential business operations that can easily be implemented by retailers utilizing the Vision9 interface."
 
With this newest Vision application suite, users will have the enhanced ability to layer multiple price discounts throughout an entire order. These new features can be applied in conjunction with the line item, subtotal, contractor, and designer discounts. Increased functionality will allow discounts to be linked to specific general ledger accounts, providing for precise financial audit trails.  With security settings configured in a manner that is conducive to the respective Point of Sale business model, users can manage the application and crediting of discounts by employees with authorized access.
Increased capabilities for governed Impact Fees are also included in this newest Vision release. These enhancements allow retailers to adhere to the various forms of municipal laws such as local road improvement, environmental/recycling, and/or sanitation disposal. The fees can be applied to sales transactions as line items or as general receipt charges.

Vision9€™s Extended Receivables suite has been enhanced to enable retailers to provide more financing and credit payment options to their customers. Staying with the "back to business" philosophy, Vision9.1 now incorporates all of the Financing, Revolving, and Collections accounts receivables features found within prior releases, with the newest inclusion of Contracted Installment Receivables. System permissions grant access for contract activation, cancellation, merging, and refinancing during sales order entry and/or from back office touch points. V9.1 provides the ability to defer contract payments, change due dates, extend contract terms, grant additional grace days, and adjust balances. Additionally, businesses can perform automated late fee assessments and apply State/Province rules for interest calculations, non-filing fees, and rebates.