Top 20 Retail Solution Companies - 2020

The retail industry is experiencing a paradigm shift and this transformation at scale is quite significant. At various levels, it touches the core of what the consumers do – shop. Whether it is grocery or general merchandise, whether it is fashion or budget shopping – the dynamics are changing in a rapid pace. The most obvious change is the rate at which retail is becoming digital. eCommerce, as it is popularly known as, is revolutionizing everything. There is no room for doubt that digital is here to stay, and it will power almost all operations of the business in the near future.

One of the factors responsible for the retail sector’s steady growth is the rise of digitalization and modern technology, leading to retail 4.0 being born. Many processes in the retail workflow, such as purchasing, inventory management, customer service, payments, and supply chain management, became automated after the introduction of advanced technologies. Intensified communication platforms have created a more connected landscape across the board. Thus, with the help of retail 4.0, the retail industry is witnessing a shift in the working culture, giving rise to innovative business models.

In order to help companies who struggle in this space, CIOReview brings forth a comprehensive list of the leading retail veterans who deliver expertise in this ever evolving sector. This listing provides a view of how the technology solutions in this domain can deliver optimization to the retail operations.

We present to you “20 Most Promising Retail Solution Providers - 2020.”

Top Retail Solution Companies

San Francisco-based AOPEN’s portfolio can be categorized into three business units. Firstly, the company develops commercial-grade, specialized, and customized solutions such as kiosks, digital signage, and interactive touchscreen video screens for a wide range of applications for its retail and hospitality clients. Under its control device management suite, AOPEN works with its partner ecosystems that comprise network operators, implementation experts, and software developers to provide tools that can unify the different processes in their clients’ operations. Lastly, the company offers industry-grade PC units for use in manufacturing and medical facilities to help minimize cumbersome manual labor and boost workflow efficiencies. Apart from these offerings, AOPEN also offers software packages alongside its hardware products to deliver a complete package capable of delivering on all of its clients’ needs.

Revolutionizing the retail management environment by combining intelligent video, advanced analytics, and expert services to deliver an unparalleled performance improvement solution. DTiQ deployed a low-cost, fully-customized, full-service loss prevention program for the retailer at all store locations within the U.S. DTiQ's platform uses a store's existing technology as a tool by connecting it to a new server. The unique feature enables retail stores to keep the capital requirements substantially lower. DTiQ's expert consultants are available at all times to resolve any issues, irrespective of the location of the client's stores

Helps brands and retailers drive revenue through its innovative in-store marketing and digital solutions and strategies. Insignia’s digital and in-store signage solutions are tailored for pre-shop and in-store phases of the consumer journey. For in-store signage, the company has a proprietary approach where it takes the inbound retailer data at the store level, integrates that with market data to understand shopper behaviour and then segments the store visitors accordingly for efficient signage outcomes

MTI is redefining the in-store experience through its unique IoT platform MTI Connect™ is Mobile Technologies Inc. The company’s ultimate objective is to transform the retail experience through innovative technologies surrounded by services and action-oriented results. MTI offers a smart retail IoT platform that enhances retail experience, where merchandise is always perfectly displayed, employees are empowered to sell, and all stakeholders have the insights they need to optimize the consumer’s journey. MTI’s idea behind their IoT platform MTI Connect™ is to simplify the management of daily tasks, empower employees to support the customer shopping experience, provide access to sellable inventory on the floor, all while reducing store shrink

Smart Retail Solutions combines business intelligence analytics and behavioral analytics to enable store teams to drive profitable sales improvement. ProfitTrax is the BI solution developed by Smart Retail Solutions. ProfitTrax is a cloud-based, SaaS, enterprise-wide business intelligence system that guarantees increased revenue, enhanced customer experience, and sustainable profit growth in store. The ProfitTrax advanced analytics interprets store-wide data, conducts multi-dimensional analysis, and uses proprietary narrative science to generate Plain English Action Alerts

SheerID is the leader in identity marketing. With SheerID, brands identify and acquire consumer tribes – such as the military, students, teachers, and more – with personalized offers, gated by instant verification from the largest set of authoritative data worldwide. SheerID instantly verifies customers via 9,000 authoritative data sources and 1.3 billion identity attributes; provides global insights from over 200 of the world’s leading brands; and never shares or sells customer data. As a result, the world’s biggest brands – including Amazon, Lowe’s, Spotify, and T-Mobile – rely on SheerID as their identity marketing partner. Founded in 2011, SheerID is backed by Voyager Capital, Centana Growth Partners, and CVC Growth Partners

Agilence

Agilence

Established in 2006, Agilence is a cloud-based data analytics solution for store operations and loss prevention in retail and restaurant organizations. The company develops the 20/20 Data Analytics platform, including 20/20 Retail, 20/20 Restaurant, 20/20 Grocery and 20/20 Rx. This suite of highly flexible and robust cloud-based reporting solutions provides organizations with a comprehensive view of their business, enabling them to make decisions faster, to increase efficiency and improve profit margins across the enterprise. The company specializes in Retail Loss Prevention, Retail Video Analyst Services, Retail Operations, Restaurant Loss Prevention, Exception Based Reporting, Data Analytics, Restaurant Operations, Pharmacy Operations, Pharmacy Loss Prevention, business intelligence, vertical BI

Aura Vision

Aura Vision

Founded in 2017, Aura Vision specializes like Google Analytics for the physical stores. The company helps the brands and retailers improve their in-store experiences by tracking visitor demographics, movement and engagement from existing security cameras. Headquartered in London, England, the company with a team of experts specializes in providing computer vision, deep learning, video analytics, people movement, smart city, retail analytics, advertising, brick-and-mortar, consumer insights, sales performance, and marketing ROI. The company, with its groundbreaking technology, transforms video into critical retail insights. Unique deep learning AI segments employees from customers, underpinning highly accurate customer counts and innovative employee insights

Big Hairy Dog

Big Hairy Dog

Big Hairy Dog Information Systems provides services to customers that make them the most appealing choice for client support. They have offered support for thousands of retail locations ranging from small mom and pop shops to stadiums and national parks. Whether the client’s supply an internationally recognized brand or are still building up their image, a partnership with Big Hairy Dog is a step towards making their business more efficient and profitable. The company can help to start on the right foot and provide tools and training needed to create a loyal customer base and expand

Cin7

Cin7

With inventory management at its center, Cin7 offers growing brands with extensive, out-of-the-box functionality and hundreds of native integrations in a single, easy-to-implement, easy-to-use platform. Cin7 is inventory management, simplified. Today’s sellers manage orders from websites, in stores, through Amazon and other marketplaces. There are wholesaling to department stores, retail chains, and supermarkets, keeping stock in private warehouses and outsourcing to 3PLs. The company serves a powerful, centralized, and efficient solution that provides accurate data across all channels, sellers risk lost sales, and decreasing customer satisfaction, cost-effectively

Dash Hudson

Dash Hudson

One of the most discerning brands and publishers use Dash Hudson to create and share photos and videos that people care about. The company’s visual marketing platform provides a one-stop solution to predict performance, distribute, measure, and enhance engagement across all of the visual marketing channels. The company was founded in the year 2013. With a team of experts, the company from its inception onwards specializes in providing Content, Content Marketing, Visual Marketing, Visual Intelligence, Instagram, Insights, Analytics, Instagram Analytics, Artificial Intelligence, Social Media, Facebook, Facebook Partner, Pinterest, Pinterest Partner, and Instagram Partner

Esper

Esper

Esper is reimagining the future of app and device management for dedicated devices. Instead of following the standard approach to device management, delivering a watered-down implementation, Esper focuses on the requirements of developers, allowing them to move their app and device management from a portal-based approach into code. They provide scalable APIs with SDKs, tools, and a specially designed Console streamlining the entire application lifecycle. Throughout development, test, management, deployment, and support Esper give developers and admins a new approach for dedicated devices. The company specializes in Android, the most popular mobile OS on the planet with over 2 billion active users which is increasingly the OS of choice for dedicated devices

Instore Screen

Instore Screen

A smart, high definition, energy-efficient and seamlessly integrated retail technology to save time, cost and the environment while earning higher profits, the company specializes in providing Digital Retail Solutions, Digital Signage, Electronic Advertising, Digital Media, Media Players, Smart Retail, and Retail Technologies to the customers. Founded in the year 2004, the company is headquartered in Naples, Florida. The company with a line of uniquely shaped screens, with sensors that trigger seamlessly and blend into and fit existing retail gondolas. The technologies are designed and approved for retail, in partnership with fixture manufacturers and brands

OmniPayments

OmniPayments

Opsol is a specialist in porting open-source solutions to NonStop servers running under OSS (Open System Services). Otherwise known as Open Solutions, the company has addressed customer interest in what was then the new development model of open source. Opsol is recognized for fixed-price application development and for meeting their deadlines. Their team of 100-plus NonStop programmers can complete just about any project within six months. They implement solutions from scratch and customize and enhance existing system components to operate cost-effectively, more efficiently, and with less risk

Openbravo

Openbravo

Headquartered in Pamplona, Navarra, and founded in 2006, Openbravo is a global cloud-based omnichannel platform vendor for agile and innovative commerce. The company's objective is to enable its clients to achieve greater agility and innovation in its omnichannel operations and boost competitiveness via the most flexible and adaptable omnichannel platform available in the market. The company specialises in Retail, Cloud and Mobile POS, Omnichannel, Store Solution, Open Source, Cloud, Business Applications, Platform, Amazon Web Services, Multi-store, Retail Software Systems, Unified Commerce, Point of Sale, iPad, Android, Linux, PostgreSQL, restaurant

Profitect

Profitect

Profitect is one of the leading providers of prescriptive analytics. Profitect offers a suite of solutions to help retailers easily understand and act on their data. These actions replace traditional reporting to ensure improved sales and profitability. Profitect is headquartered in Burlington, MA. The company was founded in the year 2012. The company with a team of specializes in providing Increase sales, Profit optimization, Loss Prevention, EBR, Retail industry, Shrinkage, Exception based reporting, Retail operations, Compliance, Analytics, Fraud detection, Retail, Grocery, Smart task management, and Workflow. Offers a suite of solutions to help retailers easily understand and act on their data, these actions replace traditional reporting to ensure improved sales and profitability

Retail Pro International

Retail Pro International

Retail Pro International (RPI) is a global leader in retail management software that is recognized world-wide for rich functionality, multi-national capabilities, and unparalleled flexibility. For over 25 years, RPI has innovated retail software solutions to help retailers optimize business operations and have more time to focus on what matters - cultivating customer engagement and capitalizing on retail's trends. Retail Pro is the chosen software platform for omni-channel strategy by retailers in over 130 countries. Retail Pro builds on the omnichannel concept to give you an intelligent, scalable platform for controlled expansion. Retail Pro provides native retail functions to serve critical POS, customer engagement, e-commerce, store stock management and replenishment needs

Salesfloor

Salesfloor

Founded in 2013 and headquartered in Montreal, Quebec, Salesfloor, a mobile platform designed for store associates to connect with customers-beyond the store. The company provides store associates with clienteling tools to engage customers. They have innovative features that enable online customers to shop live with store associates through online Storefronts, live chat with a local, in-store associate, provides shoppable Instagram posts, and associate marketing tools. Salesfloor is revamping the role of store associates to drive results and differentiate the customer experience with the belief that associates are product experts, trusted advisors and social influencers for customers in their local communities

Trace One

Trace One

Trace One has grown from launching the first SaaS-based collaborative platform for private label management to powering the world’s largest network for the FMCG industry with more than 20,000 companies worldwide. The company provides a combined business platform for Retailers and FMCG companies to allow the creation, development, and evolution of unique, healthy, and responsible products. Its management team guides the client’s company to achieve the two goals: make Trace One a better place to work and build a healthier and safer world

Volumatic

Volumatic

Established in 1972 and headquartered in Coventry, Warwickshire, Volumatic is UK's leading manufacturer of intelligent cash handling equipment that enables businesses to easily reconcile shifts and produce reports around cash activity across their entire estate. They have customers in the retail, banking and leisure industries use Volumatic products to enhance security, reduce shrinkage and deliver process efficiencies. Innovative products, people and processes are what drives Volumatic's business forward and creates a competitive advantage. The company's expertise in cash handling equipment, cash security equipment, forgery detection equipment, cash sorting equipment