Monthly Archives: April 2021

When you`re going through the POS selection process, it`s important to see this purchase from a holistic standpoint. Here are three factors everyone in the market for a point of sale should consider before making a buying decision.

We get it an account executive comes in hot offering you discounts or free upfront costs on hardware, epos software, and services. They dazzle you with words like cloud-based platform, third party app integrations, and 24/7 customer support. However, even "free" comes with a cost, which you`ll find in the terms and conditions of any merchant agreement.

The terms in the merchant agreement are important as they are the base that calculates your total financial exposure. A shorter agreement term compares to less financial exposure, while a long term can be detrimental to your business. To set you up, here are a few things you have to look for in your merchant agreement:

• • Does the POS supplier have the ability to raise processing r

But did you realize that if your loyalty program isn`t integrated with your EPOS system, you are limiting your ROI? Here are five reasons to integrate EPOS and loyalty to maximize benefits for your business:

Meaningful Data

Using an integrated platform means all systems and apps share data. Loyalty data, although important all alone, can offer deeper insights when you analyze it with other data from the POS. Having an integrated system, such as, you can easily determine the merchandise your most loyal customers are purchasing, which can enable you to forecast more accurately and keep away from stock-outs. Also, information from an integrated system gives you an overall, real time view about your business something that is impossible with non integrated systems.

Smarter Marketing

Your loyalty program can also be an incredible marketing tool if that it can access the exact data. Matching sales data with loyalty program accounts

The new generation staff members are digital natives and, undoubtedly, work more effectively with computerized systems. Besides, it is good to know that since the introduction of epos software, customer service has turned out to be quicker and efficient, and payment transactions have become highly secured.

There are many advantages of EPOS software to benefit from:

1. Automatically Generated Sales Reports

This is one of the most important features of epos software, as it allows to track product turnover and to adjust buying levels accordingly. Charts, reports, and analysis give sales history and check seasonal trends, which are extremely useful to implement marketing strategies.

Epos software also simplifies the accounting process, since now you don`t need to go through several receipts. On the other side, it is a faster way to fetch data and look at the

In the restaurant business, rising above the competition goes past the food. You could serve the best food on the block, but if your customer experience, or even your staff experience is suffering – your business is basically a ticking time bomb.

If you need your restaurant to rise above and continue to sustain, consider about integrating these three upgrades. What`s more, don`t, wait: your competition isn`t.

Online Ordering and Delivery

You may think online ordering and delivery could seriously affect your business model and throw your restaurant and kitchen staff for a circle. In these days, there are many tools available to make the change simple, and quite lucrative.

Apps bring seamless, cost effective online ordering to their customers. Integrating their solution with your epos is easy and allows restaurants to provide online ordering without retaining or going along the h

First, loyalty programs are ubiquitous — in fact, the average household has memberships in 29 loyalty programs. Second, they work: Overall, customers from loyalty programs produce 12 to 18% more incremental revenue growth every year than non-members, the study report found.

But with millions of loyalty points going unused, loyalty programs could be significantly better and deliver more value for businesses. Exactly 77% of buyers state they`re more fickle with their loyalty than before, making it even more of a challenge to keep them fulfilled. In fact, "satisfaction" and factors, for example, reliability and low costs aren`t as viable as they used to be at generating loyalty. Today, you have to go above and beyond.

Key Features of Effective Loyalty Programs

What features of loyalty programs are best with customers?

Offers

59% of customers are loyal to brands that give them discounts, gift vouchers and special offers t

There are many ways to ensure you are on top of your inventory, here are three of the best ways for optimal inventory management.

1. Use ABC Analysis to Prioritize

You may already be familiar using ABC analysis. The idea is to effectively prioritize your attention and resources where it makes a difference most. According to the Pareto Principle, 80% of overall inventory consumption comes from only 20% of your total items. This is where ABC analysis becomes a useful way for identifying how to make your inventory management as effective as possible.

Splitting your stock into two categories would be a little too simplistic to work so this strategy divides your inventory into three types based on stock value, annual consumption and cost significance.

Here`s the way categorization should look:

A: Items of high price (70%) and some in number (10%)

Different Types of EPOS Systems

Here is the list containing data about various types of EPOS systems available for different types of industries.

Retail EPOS Systems

Most suited for businesses like supermarket, pharmacy, garden center, general store and more, retail based EPOS systems are to a great extent used by both independent retailers and large multi-site customers.

Extended retail EPOS software benefits include messaging direct to point of sale time management, a central document, and cash/safe management.

The cloud based system allows for easy handling of transaction data and recovery of lost data. This software can be installed easily on the current PC without needing to make any hardware changes.

Hospitality EPOS Systems

This kind of EPOS system is best

An EPOS system is technology empowering a proficient record keeping system of the sale of goods or services to customers.

Electronic Point of Sale (EPOS) also called Point of Sale (POS) is the case when a transaction is undertaken and the customer makes payment to the vendor for the products or services that they give. Right now the vendor would get the receipt for the customer ready and the system would then work out how much is owed by the customer and offer them the relevant options for making payment. By and large this is the point at which the seller would then issue a receipt for the purchase.

Custom software and hardware customized for the retailers specific requirements can be used in a variety of retail situations. EPOS systems have many additional features that can give to cater for varying functionality, for example warehousing, stock management, financials and CRM.

A major reason for businesses taking up an

EPOS software can be implemented at till points, on tablets, PCs and kiosks, and can be designed to be staffed or self-service. There are additionally advantages of using EPOS software for your business:

Improved Security

EPOS can help improve security in two different ways: firstly card payments and transactions can be completely secure by using end to end subscription and preventing customer fraud and data theft. Besides, EPOS software can track each transaction, giving businesses and staff a higher level of accountability than a traditional epos system.

Stock Control

Epos software can be completely customizable to your needs, and it is possible to create a system which is integrated with stock management; the new stock is added to the system and enables staff to quickly see what is available without wasting time to physically looking.

The digital revolution keeps on changing the retail landscape which a couple of years ago was unthinkable. It also brings change in POS system and it became an essential tool for today’s brick and mortar stores. A recent report reveals that the Point of Sale (POS) terminals industry will reach 116.06 billion by 2025, with a CAGR growth of 9.9%, which isn`t too bad.

Now-a-days, as business owners rely upon data to make better decisions for their business and customer demanding safe and unique shopping experience for them, making POS systems a bridge in between businesses and customers. It is important for retailers to understand the importance of big data, in-store analytics, and cloud technology.

POS industry has been changed enormously in past few years and still, new technologies are emerging quick. Business owners and retailers should always be updated with the latest trends coming in the business. Here are a few Point of Sale trends which should be on your watch –