Lumi Business Product Update: Release 7

Lumi Business Product Update: Release 7

Whats New 🥰!

Dear Business Partners,

We're thrilled to introduce the latest enhancements to Lumi Business, designed to make your operations more secure, efficient, and profitable.

1. Inventory End of Day (EOD) Report

Overview

It is a powerful feature that enables businesses to generate detailed reports summarizing daily inventory and sales activities. This enhancement improves visibility into inventory movement and sales performance, providing actionable insights for better decision-making.

Merchant Scenario:
A retail store owner uses the Inventory End of Day (EOD) Report to track daily sales . For example, a store owner can generate an EOD report to see total sales , product summary and cancelled orders. This helps them restock popular items, identify refund trends, and optimize business decisions.

How It Works

  1. Navigate to the End of Day Report section.

  2. Select the Inventory .

  3. Choose the relevant store(s) and order source.

  4. Set the desired Start and End Date/Time for the report.

  5. Click "Generate End of Day" to view detailed insights.

  6. Click on Print for either product summary or sales summary .

Benefits

Improved Inventory Tracking: Gain real-time insights into stock levels and sales performance.
Enhanced Financial Clarity: Track cash flow, credit transactions, and refunds with ease.
Better Business Insights: Make data-driven decisions with detailed reporting on store performance.

HERE IS A YOUTUBE VIDEO :

2. Payment End of Day (EOD) Report

Overview

It allowing merchants to generate detailed daily payment summaries. This feature provides a comprehensive view of all transactions processed within a specified timeframe.

Merchant Scenario:
A Business owner uses the Payment End of Day (EOD) Report to track daily transactions and reconcile sales. At the end of each business day, they generate the report to review successful and failed payments, ensuring accurate financial records. This helps them identify discrepancies, resolve customer payment issues, and streamline bookkeeping for smooth business operations.

How It Works

  1. Navigate to the End of Day section.

  2. Select Payment as your report type.

  3. Choose a Payment Method and Sub-Account

  4. Set the desired Start Date and End Date.

  5. Click Generate End of Day to view the detailed report.

  6. Download the report as a PDF or print it through your thermal printer.

Benefits

Enhanced Transparency: Identify and resolve failed transactions promptly.

Seamless Reporting: Quick access to payment summaries for accounting and reconciliation.

HERE IS A YOUTUBE VIDEO : 

3. Composite Bulk Upload

This is a streamlined way to upload composite products efficiently. Merchants can now bulk upload multiple composite products by following a simple step-by-step guide.

Merchant Scenario

Instead of manually creating composite product , businesses can simply organize their data in the provided CSV template and upload it in minutes.

How It Works

  1. Download the Sample CSV Spreadsheet – Use the provided template to organize your composite product data.

  2. Obtain Your Product ID – Ensure each product in your composite set has a unique product ID.

  3. Obtain Your Store ID – Retrieve your store’s unique ID to link the products correctly.

  4. Prepare Your Product List – Verify that all product details are correctly formatted before uploading.

  5. Watch the Video Tutorial – Follow a step-by-step guide to understand the bulk upload process.

  6. Upload Your CSV File – Once everything is ready, upload your file, and your composite products will be added to your store.

Benefits

Saves Time – Upload multiple composite products in one go instead of adding them manually.
Seamless Integration – Easily link products to your store with unique IDs.
Scalability – Perfect for merchants managing a large inventory of composite products.


HERE IS A YOUTUBE VIDEO : 

4. Cheaper POS Hardware with Raven Bank Partnership

What It Does:

Process card and transfer payments using an affordable Bankbox terminal, thanks to our new partnership with Raven Bank. These devices signficantly cheaper compared to our other POS devices, else significantly reducing your hardware expenses.

Customer Scenario:

Upgrade your POS system with the Raven integration. When a customer pays by card or transfer, the transaction is processed directly within Lumi Business via the cost-effective Bankbox terminal—cutting both hardware and processing costs.

Value to Your Business:

Lowers your operational costs while maintaining robust payment capabilities, freeing up resources for other areas of your business.

HERE IS A YOUTUBE VIDEO : 

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