Lightspeed Commerce launches upgraded feature sets

Lightspeed Commerce Inc., a commerce platform, has brought a number of new products and feature sets for the retail industry, including margin-based pricing which can help make it easier for retailers to manage and track profitability. Retailers can use margins to edit prices and Lightspeed Retail will automatically calculate the right markup and price based on the desired margin for each product and its variants.

Retailers using the platform’s Advanced and Enterprise plans can now take into account historical stock-out periods to identify sales trends and missed opportunities so they can order accurately and avoid missing sales. This will help them reduce the number of out-of-stock days and adapt their ordering based on how quickly their products truly sell through.

Enhanced order tracking with Apple Wallet enables retailers to provide customers with seamless order tracking directly through Apple Wallet, eliminating the need for consumers to sift through emails or visit third-party sites. Real-time updates and automated notifications enhance visibility into order statuses, reduce customer inquiries, and save valuable time, allowing retailers to focus on other essential tasks. By streamlining the post-purchase experience, retailers can drive customer loyalty and increase sales.

Payment links will make it easier for customers to pay anywhere, at any time. Merchants can now send a link with their receipt to enable customers to pay for their on-account purchase. Merchants are notified in real time when a customer payment has been completed.