How EPOS System Is Better Than Cash Register?
In case if your business still uses use an Electronic Cash Register (ECR) and a card terminal, sooner or later you`ve most likely considered upgrading to a complete Point of Sale (POS) system. Be that as it may, in case if you`ve been hesitant previously, there`s no better time over now to upgrade. POS systems are easy to use and more cost effective than before.
With a POS system, you`ll see benefits in each area of your business, not only at the checkout. It`s a great opportunity to toss that clunky cash register to the wayside and decide on these 10 POS system advantages you can count on to grow your business.
1. Increased Efficiency
At the point when your cashiers have the right tools to support how they work, your operation will run all the more efficiently. You can`t anticipate that a carpenter should build a house without a hammer and nails, correct? So don`t anticipate that your staff should reduce checkout times in case you`re not giving them the right tools for the job a bar code scanner and a POS system.
As the times when analog technology continues to fall further of using behind us, so as cash registers. Today, everything is digital and everything is touchscreen. Exploring a touchscreen has become natural to for all intents and practically for all of us. With an intuitive interface, EPOS software is simple for staff to learn, which will bring about shortening training time and help them to be more profitable overall.
3. Extended Payment Capabilities
POS system advantages also include the ability to readily accept assorted payments types including EMV chip cards, contactless payments (NFC), and mobile wallet payments, for example, Apple Pay, Android Pay, and Samsung Pay. By empowering your customers to use various payment types, you can increase income just as consumer loyalty. In fact a recent survey found that that 44% of respondents like to pay using credit cards and 33% favor using Debit cards as their preferred payment method. That means cash is gradually losing its reign as king and there`s another queen in town, plastic.
4. Greater Accuracy
A POS system with a simple to-use, touchscreen interface puts all the data your business partners and cashiers need at their finger tips. It eliminates manually keying in products and prices like you would with a cash register. POS technology improves accuracy all through your entire operation, with real time data. Eliminating the need to upload or enter data into back-office systems minimising the risk of human mirror.
5. Stock Management
Unlike a cash register, POS technology includes advanced stock management abilities. From tracking a product`s amount on hand to setting up reorder triggers and a retail matrix, EPOS software is going to save you real time of stock management every week. Your POS system will also provide you with real time stock data that even the best cash registers cannot do.
6. Staff Management
Your POS software will minimize the time you spend on schedules and schedule enforcement. Modern POS systems include time clock functionality, so your employees can check in and out on a POS terminal. POS advantages allow you to access control measures to make sure your staff identity is verified for clock-ins and access to your system. In particular for functions including voids and comes back to minimize shrinkage from employee theft.
POS systems have reporting features that allow you to watch out for sales, profits and costs like Cost of Goods Sold (COGS). POS reports give you data real time and formatted with simple to-read data. With cloud POS reporting, you can access reports even when you are at home or travelling. Regardless of where you are, you`ll generally have the data you always have to make data driven business decisions.
Your POS system will also allow you to screen Key Performance Indicators (KPIs), for example, average customer sales, stock turnover, and sell-through rate. This visibility into your business execution will help you identify prosperous areas of your business and others that may require improvement. In any case, this insight will help you in making the important changes to help you maintain profitability and competitiveness.
8. Simplified Accounting
A POS system streamlines the accounting process. Antiquated cash registers force accountants to figure out several receipts, however with a POS system, you can print reports and, much of the time, import data directly with your accounting software.
9. Detailed Receipts
POS systems give your customers more detailed receipts rather than just a piece of paper with the date and the amount of the sale. POS systems use stock data to provide substantially more data, including item description, cost, and savings from a sale or coupon. With certain systems, you also have the option to modify a specific part of the receipt like the footer. You can use this to print coupons directly on the receipt, provide data on your loyalty rewards program, express your return policy, or promote your social networks or some other custom message.
10. Quicker Service
Do you like to wait in long queues? Truth be told, if checkout lines are too long, customers will get baffled and set back the products they intended to buy and exit. A POS system provides a quicker checkout process than cash registers, especially if they`re using a standardized barcode scanner to ring up the products. POS technology allows you to take advantage of the checkout experience to connect with customers and ensure they leave with a good impression of your brand.
POS Advantages Don`t End Here
POS solutions can bring down the expense of working together while increasing productivity, improving your bottom line. Upgrading from an ECR to epos system will bring about a fast return in investment (ROI), both in pounds and time spent on everyday tasks.
These POS advantages make opting for a redesign a no brainer. Are you ready to find the right to locate the right POS system for your business?