Cirquly provides integrated consignment software for businesses managing multiple sellers. Its platform streamlines POS, inventory tracking, and payout processes, offering consignors transparency through a dedicated portal and automating sales reporting per partner.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses operating with consignment models, including retail, hospitality, and pop-up concepts, face significant administrative overhead in managing point-of-sale transactions, inventory tracking, and transparent communication with multiple consignors. This complexity often leads to operational inefficiencies and a lack of clear visibility into sales performance per partner.
Solution
Cirquly offers an integrated consignment software solution designed to streamline operations for businesses with multiple sellers. The platform provides a unified point-of-sale system that handles diverse payment methods and allows consignors to utilize their accrued balances for purchases. Its inventory management module supports various item types, including consignment, VAT, and hospitality goods, with automated data entry fields and rules for efficient item addition. Furthermore, Cirquly facilitates transparent consignor management through a dedicated portal, offering insights into their stock and payout status, while automating payout processes and providing detailed sales reports per partner.
Target Audience
The primary customers are retailers, hospitality businesses, and operators of pop-up shops or concept stores that manage inventory and sales from multiple consignors or vendors.
Features
- Unified point-of-sale (POS) system with support for multiple payment methods and the ability for consignors to use their balance for purchases.
- Inventory management for consignment, VAT, and hospitality items, featuring automated fields and rules for rapid item onboarding.
- "My Cirquly" portal for consignors to view their inventory and payout status, enhancing transparency and reducing inquiries.
- Automated payout processing for individual consignors, simplifying financial reconciliation.
- Sales reporting that provides clear insights into performance metrics per partner.
- Synchronization of inventory and commission data across online and physical sales channels.
- Hybrid transaction management to combine retail and hospitality operations within a single system.
- Scalable solution for concept stores, shop-in-shops, and pop-up locations with multiple vendors.