In mid 2019, our POS software company, Tower Systems moved from the old software sales model to rental.
Today, 3 years on, the move has proven to be a hit with more than 30 newsagents switching to Tower Systems in the last 6 months and many more since mid 2019.
Whereas in the past newsagents would find around $8,000 up front for software, today the cost is $185.00 a month with the newsagent having the option to stop rental at any time. There is no lock-in contract.
This new approach to acquiring modern newsagency software is less of a strain on capital and cash flow in a newsagency business. It also bundles together software support access and software update costs into the single $185.00 a month cost.
Indeed, we made this move for all our POS software, for jewellers, garden centres, bike shops, sewing shops, gift shops, toy shops, pet shops, farm / produce businesses, firearms dealers, and more. Each has access too our specialty POS software for their marketplace under a rental arrangement for a few dollars a day.
With retail businesses now changing hands at a higher cost, the rental model is easy at time of change over as there is no longer a question as to the financial value of the software.
The software offered for rental is the 2022 release of the Tower Systems POS software, the software already in use by more than 3,500 specialty retailers in Australia and New Zealand newsagents in Australia.
The rental model also provides retailers with access to the Tower Systems proprietary theft check service, the business performance analysis service and low cost ready to use website development services.
The software also provides local retailers with smart tools for engaging with community groups, helping them to deal with the challenge of donation requests in a way that benefits the community groups, shoppers, and the business.
With the goal of helping retailers run more efficient, profitable and valuable retail businesses, the Tower Systems newsagency software packs considerable value for the few dollars a day cost.
The small daily cost was set in mid 2019 and has not changed since, offering locL retailers certainty when budgeting business tech. overheads.