Source: Lightspeed Commerce Inc.
  • Lightspeed Commerce (TSX:LSPD) launched a series of new omnichannel features in its flagship Lightspeed Retail platform
  • The Montréal-based company made this move to help high gross transaction value merchants weather the turbulent economy
  • New features include Improved data visibility and funnel management to help merchants increase return on investment, expanded internationalization capabilities to unlock markets across borders and omnichannel payments
  • Lightspeed Commerce Inc. (LSPD) opened trading at C$17.25 per share

Lightspeed Commerce (TSX:LSPD) launched a series of new omnichannel features in its flagship retail platform.

The Montréal-based company made this move to help high gross transaction value merchants weather the turbulent economy.

New features:

  • B2B Catalog:  Bike retailers gain access to supplier inventory data to help streamline product management, with plans to expand to other verticals
  • Scanner App: Turns iOS and Android devices into a powerfully simple inventory management tool, enabling easy stock look-up, counting and order fulfillment
  • Price Changes: Maximizes margins and helps retailers stay agile with pricing updates across outlets
  • Advanced Marketing: Gives merchants access to a full omnichannel marketing suite integrated with their POS and ecommerce solution to ensure their marketing efforts are driving sales
  • Enhanced eCom: Improved data visibility and funnel management to help merchants increase return on investment, expanded internationalization capabilities to unlock markets across borders and omnichannel payments

Lightspeed Retail’s inventory management features help omnichannel and multilocation retailers with complex inventory gain visibility and efficiency across their in-store and online operations.

Lightspeed Retail’s GM, Ana Wight commented that this solution was designed with the ambitious retail business owner in mind, and the pain points they’re facing.

“Our advanced omnichannel tools streamline processes across channels and locations, allowing sophisticated merchants to focus their time and energy on what they do best. And with Lightspeed’s move to one flagship retail platform, our best-in-class development team is now even better positioned to continually innovate and evolve our product.”

New Lightspeed eCom features enable merchants to unlock new revenue streams, increase the return on investment of online marketing and advertising efforts, expand to new international markets and easily manage their ecommerce store through their mobile device.

Lightspeed provides an omnichannel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accept payments, and grow their business. Lightspeed has partnered with 18 incredible hospitality businesses which have been named to the 2023 Canada’s 100 Best Restaurants and 50 Best Bars lists — including this year’s top restaurant in Canada, Mon Lapin. Click here for more details on that news.

Lightspeed Commerce Inc. (LSPD) opened trading at C$17.25 per share.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

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