We believe we were the first to introduce many innovative software solutions enabling the retail industry in Brazil to increase the level of automation and efficiency. For example, we introduced the seamless integration of ERP and POS in the 1990s and the seamless integration of ERP, POS, connectivity and electronic payments in 2003. We believe we continue to stay at the forefront of the technology migration in Brazil and enable retailers to adopt next generation solutions as their business needs grow and increasingly require our cloud, e-commerce and mobile solutions.
Our comprehensive and integrated solutions address the needs of retailers from SMBs to the largest global retailers and major franchisors in Brazil. Our scalable and modular cloud and on-premise solutions can easily be configured to enable subsector and size-specific functionality and features with seamless integration across retail stores and franchise locations. For example, our bespoke solutions can include: ERP, consisting of order management, production control, inventory management, store management, logistics, financial management, accounting and tax; POS; customer relationship management, or CRM; e- commerce; NF-E; NFC-E; Mobile aplications connectivity, which includes multiple options for electronic payment transactions.
We believe our software enables retailers to embrace changes to their business needs through our rapid innovation cycle and frequent updates, which generally contain new functionality, support for the complex and fluid multi-state tax system and new regulatory requirements in the country. In addition, our software evolve based on performance requirements and user experience. By offering our software solutions as a cloud-based service, our customers can operate our latest version without the burden of large upfront investments and upgrade costs, while having the flexibility to configure our applications to meet their specific business requirements.