RICS Software
RICS Software provides cloud-based point-of-sale, inventory management, eCommerce, embedded payments, and digital marketing services for US specialty retailers, with deep penetration in run specialty and footwear and additional exposure to western wear, workwear, outdoor, apparel, and franchise segments.
- Company typePrivate
- Founded1982
- HeadquartersIndianapolis, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What RICS Software does
RICS Software, Inc. is a US-based provider of cloud-based point-of-sale, inventory management, eCommerce, and embedded payment software purpose-built for specialty retailers. Founded in 1982 to serve a small Iowa shoe store, the company now serves more than 1,900 retailers nationwide and claims to power over 75% of the specialty run retail vertical, with anchor customers such as Fleet Feet (180+ stores), New Balance, and Flip Flop Shops (60+ locations). Its product suite is anchored by RICS>Retail (core POS and inventory management with omnichannel synchronization and a 185+ report library), extended by RICS>Checkout (iOS mobile POS), RICS>eComm (BOPIS and endless aisle dropshipping), RICS>Pay (embedded credit card processing), RICS>Scan (mobile barcode inventory scanning), and RICS Marketing Services (branding, PPC, social media management).
The platform is vertically specialized with proprietary assets including the RICS Global Product Catalog (auto-populating SKU/UPC data for major footwear brands) and integrations with Volumental (foot scanning), RUN FREE (running dropship), Carhartt (workwear dropship), Shopify, Amazon, QuickBooks, and SPS Commerce. Distribution is direct enterprise field sales supported by phone (800-654-3123), one-on-one onboarding, franchise sublicensing rights, and free mobile apps on iOS and Android.
RICS generates revenue through SaaS subscriptions (monthly/annual), transaction fees from embedded processing, and professional services for marketing. It is a privately held, Indiana-incorporated company headquartered in Auburn with a contact office in Indianapolis, employs 11-50 staff, and is a wholly-owned subsidiary of Fullsteam Operations LLC. David Becker serves as Chief Executive Officer and President.
RICS Software firmographics
Firmographics- Name
- RICS Software
- Legal name
- RICS Software, Inc.
- Website
- https://ricssoftware.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- RICS Software provides cloud-based point-of-sale, inventory management, eCommerce, embedded payments, and digital marketing services for US specialty retailers, with deep penetration in run specialty and footwear and additional exposure to western wear, workwear, outdoor, apparel, and franchise segments.
- Ownership category
- akta.pro rank
RICS Software industry classification
Industry- Product category
- Retail Point of Sale (POS) and Inventory Management Software
- NAICS
- Software Publishers (5132)
- akta.pro primary industry
- Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)
- akta.pro secondary industry
- POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC)
Keywords
Where RICS Software is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
RICS Software business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Subscriptions: SaaS subscription model for access to RICS>Retail platform with modules including POS, inventory management, eCommerce, and embedded payments. Billed on a monthly or annual basis per Order Form.
- Payment Processing: Embedded payment processing fees through RICS>Pay, integrated credit/debit card processing with competitive rates. Required enrollment within 60 days of agreement effective date.
- Marketing Services: Additional marketing services including branding, PPC/digital ads management for Meta and Google, and social media content creation and posting services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | RICS>Retail - Core POS and Inventory Management Platform |
| Freemium | Monthly | RICS>Checkout - Mobile POS App |
| Freemium | Monthly | RICS>Scan - Inventory Scanning App |
| Other | Monthly | RICS Marketing Services |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels10 records
RICS Software product offering
Product offeringCore offering
RICS Software develops and sells a cloud-based, omnichannel point-of-sale (POS) and inventory management platform purpose-built for specialty retailers. The offering encompasses the RICS>Retail back-office platform supplemented by mobile POS (RICS>Checkout), ecommerce (RICS>eComm), embedded payment processing (RICS>Pay), mobile barcode scanning (RICS>Scan), and managed digital marketing services. The platform serves more than 1,900 retailers nationwide, with more than 75% market share in the specialty run retail industry, and supports franchise operations, multi-location retail, and integrations with brand dropship networks.
Product overview
RICS Software offers a unified retail management platform built around RICS>Retail as the core POS and inventory management system, complemented by integrated module products: RICS>Checkout (mobile POS for iOS), RICS>eComm (ecommerce and omnichannel capabilities including BOPIS and dropshipping), RICS>Pay (embedded payment processing), and RICS>Scan (mobile barcode scanning for inventory). The platform also includes RICS Marketing Services for digital marketing support. Together, these products provide specialty retailers with cloud-based point of sale, real-time omnichannel inventory management, customer relationship tools, integrated payment processing, and automated reporting across multiple sales channels and locations.
Differentiator
Problem solved
Functional benefit
Brands
- RICS>Retail: Cloud-based retail store management and POS system for managing inventory, transactions, and customer relationships.
- RICS>Checkout
- RICS>eComm
- RICS>Pay
- RICS>Scan
- RICS Marketing Services
Products and services
- RICS>Retail All-in-one cloud-based retail point of sale and inventory management system that enables transaction processing, omnichannel inventory tracking, customer management, customer profiles, loyalty programs, and real-time reporting across multiple locations and sales channels. Includes a library of 185+ reports, offline functionality, and integration with ecommerce platforms, accounting software, and brand dropship networks. Sold to specialty retailers, franchises, and multi-location retailers.
- RICS>Checkout Mobile point of sale app for iOS that enables retailers to process payments on the go, accept cash, card, Apple Pay, Google Pay, and contactless transactions, view inventory across multiple locations, and access customer purchase history. Free to download from the iOS App Store; login required with a RICS>Retail account.
- RICS>eComm Ecommerce platform providing omnichannel capabilities including buy online pickup in-store (BOPIS), endless aisle dropshipping (with brand partners such as RUN FREE and Carhartt), real-time inventory synchronization across online and physical stores, and embedded payment processing. Designed for specialty retailers to extend inventory online without overselling.
- RICS>Pay Embedded credit card processing solution integrated directly into RICS>Retail, eliminating third-party payment providers. Offers lower processing costs, no junk fees, and faster transactions with PCI-compliant support for all major payment methods. Required enrollment within 60 days of agreement effective date.
- RICS>Scan Mobile inventory management tool that uses a smartphone or tablet camera (or Bluetooth scanner) to scan product barcodes and upload inventory data directly into RICS>Retail for receiving shipments and conducting physical inventory counts. Free to download and included with RICS>Retail accounts.
- RICS Marketing Services Suite of digital marketing services including branding, PPC/digital ads management for Meta (Google and Instagram) and Google platforms, social media content creation and posting (8-12 posts per month), and boosted ad campaigns (4-month commitment required). Offered to retail customers as a managed services extension of the RICS platform.
Quantifiable outcome
- Over 1,900 retailers nationwide trust RICS with their success
- +3 more outcomes
Companies that use RICS Software
Customer profileNamed customers13 records
Segments9 records
Ideal customer profiles4 records
RICS Software technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
AI capability5 records
Feature7 records
RICS Software partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered core and minor.
- RUN FREEcoreRICS partnered with RUN FREE to provide running retailers with tools to take their stores online, manage inventory across channels, and boost online sales. The partnership enables endless aisle dropshipping with major brands and automatic product image population for footwear.
- CarharttcorePartnership with Carhartt to display real-time vendor warehouse inventory on retailer websites, allowing customers to browse products and purchase items that dropship directly from Carhartt.
- ShopifycoreEcommerce platform integration allowing seamless inventory synchronization and order management between RICS POS and Shopify online stores.
- AmazoncoreIntegration with Amazon for multichannel inventory management and synchronized product listings across Amazon marketplace.
- QuickBookscoreAccounting software integration for seamless financial data synchronization between RICS and QuickBooks.
- VolumentalcoreFoot scanning technology integration for running specialty retailers, enabling personalized fitting recommendations.
- Upper QuadrantcoreParent company affiliate providing brand connectivity services and data sharing between RICS and brand partners.
- SPS CommercecoreEDI and supply chain management integration for retail operations and vendor communications.
- National Shoe Retailers Association (NSRA)coreIndustry association partnership supporting specialty shoe retail community and alignment with industry needs.
- Running Specialty Retail AssociationcoreIndustry association for running specialty retailers supporting the specialty run retail community.
- USRA (United Specialty Retailers Association)minorAssociation supporting specialty retail operations and community.
- Atlanta Shoe MarketminorTrade show partnership for footwear industry events and market visibility.
- Northwest Market AssociationminorRegional market association supporting specialty retail in the Pacific Northwest.
- The Running EventcoreAnnual trade show for the running industry, providing visibility and engagement with specialty run retailers.
- SwitchbackminorIndustry platform or association supporting specialty retail community.
- Fullsteam Operations LLCcoreParent company of RICS Software, Inc. Provides payment processing capabilities for RICS>Pay and serves as the controlling entity. Legal notices should be sent to Fullsteam Operations LLC.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
RICS Software competitors and assessment
Company assessmentDirect peers
- Lightspeed Commerce: Lightspeed Retail is a cloud-based POS and commerce platform serving specialty retailers including footwear, apparel, and boutique verticals. It directly competes with RICS in omnichannel inventory, POS, and payments for SMB/mid-market specialty retail.
- Retail Pro: Retail Pro is a specialty-retail-focused POS and inventory platform serving apparel, footwear, and sporting goods retailers globally. It is directly comparable to RICS in vertical depth, multi-store management, and franchise support.
- Springboard Retail: Springboard Retail is a cloud POS and inventory platform purpose-built for specialty retailers including footwear, apparel, and gift stores. It competes head-to-head with RICS in the run specialty and boutique verticals.
- CIN7: Cin7 is an inventory-first cloud platform with POS, ecommerce, and EDI integrations serving specialty retailers and brands. It overlaps with RICS on omnichannel inventory, ecommerce sync, and reporting for specialty verticals.
Broad incumbents
- Shopify: Shopify's POS and retail commerce offering competes broadly in the SMB retail POS and ecommerce space. While not specialty-vertical focused, it provides POS, payments (Shop Pay), and inventory management that RICS customers may evaluate as alternatives.
- Square (Block): Square provides cloud POS, hardware, and integrated payments for small and mid-market retailers. It is a broad incumbent in retail POS with embedded payments comparable to RICS>Pay.
- Clover (Fiserv): Clover is a POS and business management platform from Fiserv with embedded payments widely adopted by SMBs. It overlaps with RICS in cloud POS, payments, and inventory features for general specialty retailers.
- Heartland Retail (Global Payments): Heartland Retail is a cloud POS built for specialty retailers, owned by Global Payments. It competes directly with RICS in footwear, apparel, and lifestyle specialty verticals with embedded payments.
Emerging players
- KORONA: KORONA is a cloud-based POS for ticketing, museums, and retail including specialty verticals. It is an emerging competitor with multi-store and inventory capabilities targeting similar SMB specialty retailers as RICS.
Others
- NetSuite (Oracle): NetSuite provides ERP and inventory/financial management that competes indirectly with RICS for inventory, reporting, and back-office needs of multi-location retailers. It is an enabling platform rather than a direct POS competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
RICS Software social profiles
Digital presenceRICS Software compliance and trust
Trust signalCompliance1 record
RICS Software financial estimates
Financial estimateRevenue estimate
Valuation estimate
RICS Software leadership team
Management profileNumber of profiles
Profiles1 record
RICS Software funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RICS Software M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RICS Software
What does RICS Software do?
RICS Software develops and sells a cloud-based, omnichannel point-of-sale (POS) and inventory management platform purpose-built for specialty retailers. The offering encompasses the RICS>Retail back-office platform supplemented by mobile POS (RICS>Checkout), ecommerce (RICS>eComm), embedded payment processing (RICS>Pay), mobile barcode scanning (RICS>Scan), and managed digital marketing services. The platform serves more than 1,900 retailers nationwide, with more than 75% market share in the specialty run retail industry, and supports franchise operations, multi-location retail, and integrations with brand dropship networks.
Is RICS Software a public or private company?
RICS Software is a private company. It is classified as corporate owned and is currently operating.
When was RICS Software founded?
RICS Software was founded in 1982. It employs 11 to 50 people.
Where is RICS Software based?
RICS Software is headquartered in Indianapolis, United States, in the North America region.
How does RICS Software make money?
Three revenue lines are on record. Software Subscriptions are the primary driver. The others are payment Processing and marketing Services.
Who are RICS Software's main competitors?
Direct peers on record are Lightspeed Commerce, Retail Pro, Springboard Retail and CIN7. Broad incumbents are Shopify, Square (Block), Clover (Fiserv) and Heartland Retail (Global Payments). KORONA is listed as an emerging player. NetSuite (Oracle) is listed as an others.
Does RICS Software have an API?
No public API is recorded for RICS Software.
What industry is RICS Software in?
RICS Software's product category is Retail Point of Sale (POS) and Inventory Management Software. Its primary akta.pro industry code is FSAMADAD, Integrated POS Payments (ISVs & Vertical POS Platforms), with a secondary code of FSAMADAC, POS Payment Software & Middleware (Terminal OS, Apps, Device Management). Its NAICS code is 5132.