MIAMI, Oct. 22, 2015 /PRNewswire/ -- Mi9 Retail, a leader in enterprise retail merchandising, business intelligence and store operations software, today announced that it is further enhancing its solutions by offering its Mi9 Merchant and Mi9 BI products via a fast, reliable and secure Software-as-a-Service (SaaS) platform. The new SaaS option will enable customers to reduce the implementation time and total cost of ownership typically associated with on-premises solutions.
Mi9 Merchant is a powerful merchandise management system, built on Mi9 Retail's award-winning retail analytics solution, Mi9 BI. The streamlined system combines data management, business intelligence and financial controls to drive actionable analysis at every level of the enterprise. With one source of information to support buying, pricing, inventory management and inventory valuation, the solution creates a fully aligned experience across all retail channels to satisfy customer demand. Ready to use out of the box, Mi9 Merchant and Mi9 BI are highly configurable and enable an efficient upgrade path, simplify product support and now provide the option of deploying as a service.
The SaaS offering of Mi9 BI and Mi9 Merchant enables retailers to upgrade their aging retail systems to Mi9 Retail's best-in-class solutions without needing to obtain approval for capital expenditures. Retailers now have the ability to fund upgrades to the Mi9 Retail platform using existing operating budgets, which are now used to maintain aging systems that often do not provide the robust functionality required by a retailer's merchants and customers.
The development of the SaaS offering was made possible due in large part to Mi9 Retail's keen focus on research and development, which coincides with broader growth plans for Mi9 Retail. "We're really excited to offer our customers a modern, innovative IT environment with operational agility that meets their growing needs as the demands of the industry change," commented Neil Moses, President of Mi9 Retail. Moses further elaborated, "Mi9 Retail has doubled in size in less than two years due mostly to our continued focus on delivering the best retail solutions to our customers. The new SaaS offering will further fuel our expansion and is a key component of our exciting growth plans for the next year."
About Mi9 Retail
Mi9 Retail is the premier provider of enterprise retail merchandising, business intelligence and store operations software. Mi9 has developed the only enterprise-grade Merchandising and Business Intelligence solution on the market available as a single product. This enables the software to process high volumes of transactions in real time, optimize inventory across all channels of the business, provide a single, accurate source of the truth, reduce the costs to implement and maintain and provide the industry's fastest time to value. For more information, please visit www.mi9retail.com.
SOURCE Mi9 Retail