IQ Retail

Name: IQ Retail
Brand: Kerridge Commercial Systems
SKU: 67ee975e4d10fa312224302a

Overview of IQ Retail Software Company

IQ Retail is a comprehensive business management and trading software solution designed to cater to the needs of retail, distributive, and hospitality environments. Founded in 1984 and headquartered in Stellenbosch, South Africa, IQ Retail has grown to serve over 1,700 customers worldwide. The company was acquired by Kerridge Commercial Systems in 2017.

Founding and Growth

IQ Retail was established in 1984 and has since developed a robust suite of software solutions tailored for various industries. The company has steadily expanded its customer base and product offerings, becoming a key player in the retail management software market.

Funding and Valuation

IQ Retail has primarily focused on organic growth and has not disclosed specific funding rounds or valuation figures. The acquisition by Kerridge Commercial Systems has further strengthened its market position.

Product Offerings and Features

IQ Retail offers a wide range of features designed to streamline business operations:

Inventory Management: Comprehensive tools for maintaining accurate stock levels, tracking sales history, and managing supplier relationships.
Point of Sale (POS): Efficient POS system supporting various payment methods, designed to handle high transaction volumes.
Financial Management: Integrated financials with real-time debtor and creditor management, VAT reporting, and cash book reconciliation.
Reporting and Analytics: Advanced reporting and analytics capabilities, including custom reports and real-time dashboards.
Integration Capabilities: Seamless integration with other systems such as accounting software, e-commerce platforms, and payment gateways.

IQ Retail AI and New Features

Recent updates to IQ Retail include enhanced visitor identification capabilities, improved integration options, and more detailed reporting tools. The platform also supports digital transformation initiatives, such as issuing customer invoices via WhatsApp or email.

Company Culture and Values

IQ Retail emphasizes innovation, quality, transparency, teamwork, and continuous learning. These core values drive the company's commitment to providing high-quality solutions and maintaining a collaborative and transparent work environment.

User Base and Community

IQ Retail serves a diverse user base, including small businesses, mid-sized companies, and large enterprises. The platform is particularly popular among B2B companies looking to optimize their lead generation and customer intelligence processes.

IQ Retail

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