If you have a business that conducts sales, consider the
advantages of a POS system. Brick and mortar shops have traditionally used
conventional POS system that facilitates the checkout process, collect payment
form the customer and log/print receipts. However, epos systems have set a new
standard for sales process management, combining the convenience of Ecommerce,
mobile device compatibility and a standard based approach.
We have listed 12 reasons why every business should consider
upgrading to an epos system:
1. Accepting the Widest
Range of Payment Methods
Swiping dongles made it easy for offline customers to slide heir
card anywhere and online payment processing that can accept almost any form of
payment. Equipping POS help to collect payments from as many customers as
possible and even foreign currencies.
2. Ability to Distribute
and Accept Store Gift Cards
Offer and accept virtual and physical gift cards that can be
customised. It helps to increase your return business and referrals because
people will be practically obligated to spend the funds with your store after
they have loaded onto your gift card.
3. Compatibility with
Digital Shopping Carts
As every Ecommerce site has a robust shopping cart through which
customers can use to pay for items they have bought. EPOS can centralise data
into the same interface that’s used to conduct both offline and online sales.
They are designed to seamlessly integrate with the leading digital shopping
carts for a streamlined customer experience that facilitates a high rate of
satisfaction and loyalty.
4. Better Inventory
Management
Instead of splitting inventory management, POS continually
updates this data in real time. You can also receive notification when items
are running low and need to be restocked. It helps in raising your bottom line
by preventing a reduction in sales caused by out of stock inventory.
5. Accurate Accounting and
Analysis
Having a detailed inventory and receipt tracking system you have
the utmost accuracy and consistency in your company’s accounting practices. This
data can also be used to enhance sales analysis, to spot discrepancies and
opportunities for improvement. A single administrative interface for all accounting
data from all stores and sites can be displayed as a whole.
6. Pursuing Projected
Sales Targets
It is possible to set specific sales targets and objectives for
stores and employees. You can find your strongest and weakest employee by
tracking their performance. You can also access overall store results on a
daily, weekly, and monthly basis.
7. Connecting the
Management of Multiple Stores
EPOS system helps to merge databases and add
up the revenue and other stats of each individual location. Ideal for any business
having multiple locations or plans of expanding in future. Likewise, companies
that operate online stores in conjunction with a single offline location can
also benefit from this functionality.
8. Simplifying Business
Management Data
It is difficult without having fancy charts, graphs, and
terminology, each of which come with their own learning curves. EPOS can simplify administrative
analysis by displaying data in easy-to-understand formats without an extensive
amount of manual effort.
9. Flexible Reporting
Capabilities
Reports not only get a better look at the company’s recent
progress but also to impress potential investors, associates, partners, and
stockholders. You can choose a custom time range to measure specific changes in
relation to certain trends or influential company events.
10. Easy for Customers and
Employees to Use
EPOS systems are as convenient as the
touchscreen-based of today. Manager and owners can access administrative side
from their smartphone remotely from anywhere with the help of an internet
connection. You can also have offline modes that allow data to be synced
immediately when the system reconnects to the internet and makes it possible to
continue business as normal even without an internet connection.
11. Implementing Customer
Rewards Systems
One of the best ways to do business is to give customers a
reason to continue doing business with you by providing rewards to repeat
shoppers. You can give your customers the opportunity to input discount codes
and rewards member login credentials in order to receive exclusive discounts
and give them a reason to remain loyal to your brand.
12. More Detailed Receipts
POS will usually print generic receipts that contain basic
information like the time and date of the transaction along with an itemised
list of the products purchased next to their price. An epos can provide much more data on the receipts themselves and
within the administrative reporting interface. It creates an impression to your
customers the impression that they’re dealing with a more professional company.
