Lightspeed Commerce Unveils Game-Changing Solutions for Retail

Innovative Solutions Transforming Retail and Hospitality

Significant product innovations in both retail and hospitality launched to support growing business challenges

Lightspeed Commerce Inc. (NYSE: LSPD) is proudly showcasing its recent advancements aimed at revolutionizing the way merchants operate. The latest innovations aim to solve common business challenges faced by retailers and hospitality providers, empowering them with tools to enhance their customer interactions.

Groundbreaking Innovations for Operational Efficiency

According to Dax Dasilva, Founder and Chief Executive Officer of Lightspeed, the enhancements introduced in Q3 are designed to provide real value in daily business operations. From improved selling capabilities to advanced kitchen systems, Lightspeed is committed to supporting businesses in creating exceptional customer experiences. The innovations aim to not only address existing challenges but to create numerous opportunities for delighting customers.

Retail Innovations

Lightspeed's latest features for the retail sector include several exciting upgrades:

• Expanded Lightspeed Scanner - This app facilitates on-the-spot purchases, tackling long checkout lines and improving customer satisfaction on the sales floor.
• Enhanced Promotional Flexibility - Flexible promotional tools enable retailers to run multiple-channel campaigns, increasing the appeal of their offerings to customers.
• Comprehensive Supplier Network - The Supplier Network has expanded to include over 1 million products, providing retailers with the data they need to manage their inventories effectively.
• Integrated Homebase Functionality - The integration with Homebase streamlines workforce management, helping retailers optimize staffing and reduce operational headaches.
• Improved Inventory Management - Enhanced collaboration with Cin7 Core offers retailers automated inventory solutions, promoting accuracy in stock management.
• Streamlined Order Fulfillment - The new processes for special order fulfillment enable cashiers to serve customers more efficiently, maximizing sales opportunities.
• Improved Online Product Showcasing - New online tools are available to help merchants feature their products effectively, enhancing the online shopping experience.

Innovations in Hospitality

The innovations in the hospitality space include:

• Modern Kitchen Display System - The new KDS improves communication between front and back of house, ensuring orders are processed swiftly.
• Multi-Location Reporting - Operators can now manage performance across multiple sites, leading to better decision-making and enhanced growth.
• Instant Payouts - Lightspeed Payments now offers faster access to funds, allowing restaurant operators to manage cash flow more effectively.
• Lightspeed Pulse - This mobile service equips restaurant operators with real-time insights into their performance, allowing for quick, informed decisions.
• 7shifts Partnership - Lightspeed's collaboration with 7shifts simplifies payroll and staff management, enhancing operational efficiency.

Golf Course Management Innovations

In the golf industry, Lightspeed continues to enhance operations:

• Lightspeed Scheduling - Streamlined scheduling tools enable golf course operators to manage bookings efficiently, catering to growing consumer demand.
• Collaboration with Landscapes Golf Management - This partnership provides 60+ properties with innovative tools to improve service and revenue generation.

About Lightspeed

Founded in 2005, Lightspeed has transformed how businesses operate by offering a comprehensive commerce platform that simplifies and scales operations across physical and digital environments. With offerings tailored to the needs of over 100 countries including retail, hospitality, and golf sectors, Lightspeed stands as a leader in digital commerce solutions.

Frequently Asked Questions

What types of innovations has Lightspeed introduced recently?

Lightspeed has launched several enhancements for retail and hospitality, including improved selling tools, multi-location reporting, and a new kitchen display system.

How do the new features benefit retailers?

The enhancements allow retailers to streamline their operations, provide better customer experiences, and manage inventories more effectively.

What is the significance of the Supplier Network expansion?

This expansion allows retailers access to over 1 million products, aiding in inventory management and customer satisfaction by providing a broader range of offerings.

How does the collaboration with 7shifts enhance hospitality operations?

The partnership simplifies payroll processing and improves staff management, contributing to overall efficiency in restaurant operations.

What is Lightspeed's commitment to customer experience?

Lightspeed is dedicated to developing technology that not only solves operational challenges but also enhances the overall customer experience in retail and hospitality environments.

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