Revel’s Retail iPad POS system adds variable pricing and inventory module, signs on Goodwill and Belkin

The iPad in the business world has changed the way commerce has taken place. Revel Systems, a company that created a point-of-sale (POS) system on the iPad, is seeking to help bring cash register-like transactions forward. Today, it just updated its solution to include variable pricing and inventory management while adding two new customers to its mix: Goodwill Industries and Belkin.

“Successful first year”

Coming off what it says was a strong first year, Revel Systems is the creator of a POS system centered around the iPad. Calling itself the cash register of the 21st century, it’s a mobile platform that will provide customers with “up-to-the-minute” reporting to track sales within an organization while also moving it away from the traditional register and hardware infrastructure. This system relies on using the iPad because of its “greater style”, has a faster operating system, provides better security, and “it just works”.

Some features of its POS system include being able to process credits, exchanges, and returns; tracking sales by employee for easy commission management; manage inventory, product costing, and ability to set threshold alerts, tracking customer order history, and much more.

Businesses seem to be taking notice of Revel’s system as well — it has well-known companies using its service right now, including Little Caesar’s Pizza, Rocky Mountain Chocolate Factory, Popeye’s Louisiana Kitchen, Illy, Twistee Treat, and others in the restaurant, retail, and grocery industries. Over 400 enterprise locations around the United States have rolled out this new POS platform and it has been processing hundreds of millions of dollars.

New features

With today’s announcement, the company is rolling out two enhanced features designed to help its retail customers keep better track of their sales. One of which is the release of variable pricing — with this feature, Revel says that businesses will be able to accommodate multiple-item purchases or even multiple-weighted items at a discount.

Additionally, it has rolled out an inventory module that it says will allow its users to easily update, change, and print labels for inventory in real-time. Through customizable alerts, companies will find out what items are low in stock and help users to place orders for new shipments right through its iOS device. Revel has partnered with Honeywell’s Bluetooth barcode scanner to help make mobile scanning easier — now users can take their mobile device and have it act like a scanner similar to what traditional retailers used with a barcode scanner.

Busy two years

In its two-year history, Revel has been busy rolling out new features for businesses. A few months ago, it produced its own router designed to help businesses use the system from a separate Internet connection. It also unveiled a POS solution for food trucks with a Twitter integration. And last month, it introduced its own app marketplace allowing third-parties to integrate with it, while also featuring plug-ins that users can install, ranging from Twitter and Facebook to tie-ins with local daily deal APIs from Groupon and LivingSocial.

Adding two more companies to its list

Revel Systems is also adding two more retail companies to its list of users. It says that Goodwill Industries has replaced its POS systems in 23 Florida stores with the Revel solution. In addition, technology giant, Belkin, has signed on and has installed the system in its retail store in the Los Angeles Westfield Mall.  Maureen Lewis, Belkin’s director of retail operations, says that it chose to go with Revel because of an unsatisfactory experience with another vendor: “The personalized service has been stellar and custom solutions really have made running the business effortless…and I love the fact that I can check transactions and sales anywhere on my iPad, laptop, and (soon) phone.”

Revel Systems has raised $3.7 million in Series A funding in capital and declared it became profitable at the end of its first year.

Photo credit: ANDREAS SOLARO/AFP/Getty Images