FloBiz Debuts Retail POS Billing Solution myBillBook

Bengaluru-based FinTech FloBiz on Tuesday (Dec. 28) launched a point of sale billing solution for retailers and franchises through its billing and accounting software platform myBillBook.

The POS billing offering is intended to help the Indian economy, in which about 10 percent is comprised of retail, according to a NewsVoir report.

FloBiz’s point of sale billing offering has been designed to provide a faster billing experience using keyboard shortcuts and barcode scanning. It will be available for a free 14-day trial to all myBillBook users within its desktop application.

myBillBook also offers marketing capabilities for businesses to promote their products with bulk promotional SMS, bringing together invoicing, inventory management, payment collection, business reporting and CRM for the entire SMB sector.

“We are very excited about the launch of POS Billing to extend the offerings of our flagship product myBillBook,” said FloBiz Founder and CTO Rakesh Yadav in the report. “We have always worked with a customer-first approach to bring technological solutions at an affordable price to digitize and streamline the day-to-day operations of SMBs.

“With POS Billing, retailers and franchises will now be able to reduce time, improve efficiency and experience a seamless way of billing and inventory management at storefronts. We will continue to develop more features and products to enhance digital capabilities which can help businesses in their growth journeys,” he said.

The myBillBook POS billing suite includes faster billing through keyboard shortcuts, an intuitive interface, barcode scanning and generation, business reporting across more than 20 PDF and Excel reports and affordable pricing.

“While our myBillBook app works delightfully for a variety of businesses, there were continuous requests for POS Billing from retail businesses which paved the way for its development,” said Sushmita Rawat, director of products at FloBiz.

“We conducted extensive research across several categories like FMCG, grocery, F&B and fashion and discovered that saving time at counters during checkout requires a quick, seamless and robust solution that can be plug-and-play, with practically no need of training. myBillBook POS Billing has been meticulously designed to cater to all the pressing needs of Indian retailers & franchise businesses,” she said.

Related: SMB Neobank FloBiz Nets $31M in Series B Funding for Expansion

In September, FloBiz raised $31 million in Series B funding to add more employees, develop new products, scale its distribution network and enter the financial services sector.