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Lightspeed Commerce Inc T.LSPD

Alternate Symbol(s):  LSPD

Lightspeed Commerce Inc. provides a one-stop commerce platform, which helps merchants to simplify, scale, and provide customer experiences. The Company’s cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks. Its one-stop commerce platform provides its customers with the critical functionalities they need to engage with consumers, manage their operations, accept payments, and grow their business. The Company's products include retail, e-commerce, restaurant and golf. It offers Point of Sale, Payments, eCommerce, Inventory Management, Advanced Marketing, Advanced Reporting, Scanner and others. It also provides POS software, iPad POS system, Cloud POS system and POS cash register. It provides cloud-based Point of Sale systems for retail stores and restaurants. It has customers globally in over 100 countries.


TSX:LSPD - Post by User

Post by Broker49on Jun 27, 2020 12:58am
504 Views
Post# 31198199

Staying Ahead of the Game

Staying Ahead of the Game
As commerce shifts toward fast and efficient online shopping and personalized experiences for limited and distanced in-store visits, Lightspeed POS Inc. has announced the upcoming release of new Lightspeed eCommerce features that will strengthen its omnichannel experience. In 2016, Lightspeed introduced SMBs to a powerful eCommerce solution that synced with its existing in-store platform. In the wake of COVID-19, the company saw a 400% increase in eCommerce volumes processed by its retailers in April 2020 when compared to February, illustrating that merchants who adopted Lightspeed eCommerce to power their online business were able to adapt quickly to changing consumer behaviour in the face of the pandemic. As the global economy begins to re-open and entrepreneurs enter a new paradigm of business, Lightspeed has advanced its eCommerce onboarding process with 24/7 customer service available to new and existing merchants. By integrating the latest features into their operations, the company has been able to support an increased volume of customers. Recent new features include Live Preview Themes, which allows merchants to test the look of their online store prior to going live and Multi-Location Inventory. This gives SMB's the ability to display to consumers their inventory availability for all store locations online so no sale is missed. Customers can also take advantage of a plethora of integrations available on the app store, working seamlessly with its multi-channel and multi-currency system, opening up a new world of selling possibilities. Lightspeed merchants will also see the following digital tools available in the near future: Lightspeed Shipping: An enhanced shipping broker service so Lightspeed merchants have immediate access to shipping rates and labels via Lightspeed eCommerce Curbside Pick-Up: Enables consumers to shop curbside for convenience and flexibility Personalized Shopping: Allows consumers to make appointments at their favorite merchants in a risk-free environment, building loyal relationships with store experts Lightspeed is a company that helps retailers and restaurants become digital, and by introducing these eCommerce features, were able to address the immediate business needs of SMBs, says Dax Dasilva, Founder and CEO of Lightspeed. "Omnichannel is no longer a nice-to-have, its a must-have, and it is important for us to constantly innovate in the retail, eCommerce and hospitality space, so we can continue to support retailers and restaurants as they digitally transform their business. We know from our customers that they find our website easy to navigate and that check out is seamlessboth on a desktop and, more importantly these days, on their mobile devices, says Lightspeed customer Simon Tooley, Founder & President of Etiket. When we moved to Lightspeed eCommerce in 2017, we saw a jump in sales. We are seeing double-digit growth year-over-year, and part of that is because our focus is on our customers, new products, and growth opportunities, rather than having to manage the platform. Lightspeed is also sharing industry knowledge through an online resource guide that serves to protect SMBs during COVID-19. To further equip merchants, Lightspeed officially launched Omni Loyalty last month, which allows retailers to build out their loyalty program with integrated offers and experiences seamlessly shared through both their online shop and their brick-and-mortar store.
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