Business

Square launches Analytics to give small business a window into their sales data

Image Credit: Via Square

Today mobile payments enabler Square is launching yet another feature within its Register platform: Analytics. The new product expands on the daily reports that Register already provides by adding more information about business sales.

More specifically, Analytics will tell small business owners what time of day or day of the week they make the most sales, and whether most sales come from new customers or returning customers. Square refers to this kind of information as “actionable data,” which business owners can conceivably use to enhance sales.

“We see this as leveling the playing field. Big companies can pay for expensive analytics, but small businesses can’t,” says Johnny Brackett, a spokesperson at Square.

Analytics_Pulse_AnimatedGif_v5

Square has been on a rampage lately, scooping up new companies and rolling out new products. Just last week the company expanded into the appointment making business with Square Appointments — a new product that spun out of its acquisition of BookFresh earlier this year.

And yesterday the mobile payments business announced that its cash-advancing institution, Square Capital, received a fresh investment from Victory Park Capital, so it can lend funds to even more businesses.

Right now, Square’s point-of-sale software integrates with Intuit’s QuickBooks as well as Xero and StitchLabs. However, it wouldn’t be surprising if the company expanded its product line further into accounting services.

To that point Brackett says this, “Honestly, it all depends on what our sellers want.” If Square sees the masses crying out for accounting products, it just might deliver them.

More information:

Square is a revolutionizing millions of everyday transactions between buyers and sellers with its free credit card reader for iPhone, iPad and Android devices. Square for iPad services as a full point of sale system for business to acc... read more »

Powered by VBProfiles


Mobile developer or publisher? VentureBeat is studying mobile app analytics. Fill out our 5-minute survey, and we'll share the data with you.
6 comments
Mirza Alimoski
Mirza Alimoski

I would expect to have that when they released it

dougom
dougom

@seattledawson I know user experience investment is expensive & tough on P&L, but good design can add *so much* to a product.

khuzesiam
khuzesiam

@viveksrn Interesting to read they want to get into accounts. We want to do it the other way,accounts first and deliver the POS as an add on

dougom
dougom

@seattledawson Well-designed products make marketing easier & help justify a higher market price (increasing your margin). Just sayin'.