Magnati has launched its ‘Business in a Box’ solution to help small and medium scale enterprises seamlessly kick-start their in-store and online businesses.
The solution offers a full suite of solutions including electronic cash registers (ECR), ERP modules covering inventory management, accounting solutions, human resource management for enrolling employees on WPS, and all other payment solutions under Magnati’s ‘Payment as a Platform’ service.
Business in a Box helps SME merchants build their e-commerce capabilities through on-click conversion from in-store. Magnati’s ‘Business in a Box’ addresses challenges such as upfront investments in hardware and software across multiple vendors for cash registers, ERP systems, POS machines and payment mechanisms, and around managing and manually reconciling different systems and devices on the counter, through a single subscription that allows merchants to avail end-to-end, fully integrated hardware and software on a monthly fee.
In addition to the payment solution, merchants also become members of Magnati’s ‘Super Surprises’ referral scheme. ‘Super Surprises’ is an advanced data monetisation tool that generates customised offers for every unique card that interacts with Magnati’s payment ecosystem.
Ramana Kumar, Chief Executive Officer of Magnati, said:
“Magnati’s strategy is built around becoming the platform of choice for all of our customers, through solutions that cater to their individual needs. Our platform has been created in partnership with FinTechs and other advanced solutions providers, to deliver ‘Business in a Box’. Our APIs are now fully integrated and our merchants will get seamless service of all solutions in a single package. They don’t need to worry about hardware and software changes and everything will be taken care by Magnati through a subscription service. We are also delivering additional value to our merchants through an option to build revenues as ‘Super Surprises’ referral agents. This comprehensive offering underscores the magnetism, energy and agility of Magnati.”
