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Lightspeed Commerce Celebrates 20 Years in Business Through Newly Released Q4 Product Innovations
Prnewswire· 2025-05-08 12:00
Core Insights - Lightspeed is celebrating its 20th anniversary, emphasizing its commitment to product innovation that supports customer growth in the retail and hospitality sectors [1] Retail Innovations - Lightspeed's Retail Insights now offers enhanced demand forecasting by analyzing sales patterns and seasonal trends, optimizing inventory levels to reduce overstock and out-of-stock situations [2] - The introduction of sales visualizations in Lightspeed Insights allows merchants to easily interpret their data through visual graphs, simplifying performance analysis without the need for complex spreadsheets [2] - A new Generative AI web builder enables retail merchants to create custom website elements from screen captures, eliminating the need for coding or third-party developers [3] - The NuORDER Wholesale Network has introduced PO Sync, allowing retailers to automate replenishments directly from the POS, streamlining inventory operations and reducing manual errors [4] - New partnership offerings via NuORDER facilitate brands in joining Lightspeed's network, enhancing order management and product information accuracy for retailers [5] - Omni gift cards can now be redeemed both in-store and online, providing a unified platform for omnichannel retailers [6] Hospitality Innovations - Integration with Order with Google allows Lightspeed Restaurants merchants to increase online order traffic and enhance customer convenience, leading to higher revenue opportunities [7] - The Tableside mobile POS now supports dividing checks by seat or cover, improving payment flexibility and customer experience [8] - New enhancements to the Kitchen Display System (KDS) improve communication between front-of-house and back-of-house operations, including advanced production instructions and consolidated item lists for better kitchen efficiency [9][14] Company Overview - Lightspeed is a cloud commerce platform that supports businesses in retail, hospitality, and golf across over 100 countries, focusing on simplifying operations and enhancing customer experiences [10][11]