Blog

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 –

Today, you`ll find a variety of retail EPOS software available in the market but not all of them offer the value of a system that works absolutely in sync with your back-office accounting software.

We`ve featured some of the typical benefits of using a completely integrated epos system.

What Can A Fully Integrated Epos System Do For Your Data?

Deliver Access to Live Data

The single, most attractive advantage of an integrated EPOS system is, obviously, having live data access at the point of customer contact. You have no need to question the information you are receiving or worry that everything has been updated. Your data is totally updated and accurate, guaranteeing your counter staff have access the data they need when they need it.

This includes real time access to:

• • Customer balances

In this blog, you`ll learn 15 ways to improve consumer satisfaction. However, each method is helpful to enable you to satisfy consumers and turn them into raving fans.

1. Justify the sale with social proof

Recent research demonstrates that customers purchase 100% of the time because of emotional reasons, not rational. After they have purchased, they want to justify their purchase with logic. They have to convince themselves and the people that they`ve made a smart decision.

Often testimonials get used in the sales process. To take this to the next level and improve consumer satisfaction, provide a printed sheet of testimonials or other social proof.

Shoppers would then use the data to justify their decision.

2. Give customers a gift, and surprise them with another

When you gift a customer, you automatically activate their reciprocity reflex. This reflex has been described in Robert Cialdini`s book called as, Influence:

They can accelerate key business process like accounting, inventory management and sales performance. Unlike, standard till systems, EPOS systems help capture transactional data, and create reports on your daily sales and products from the captured data.

EPOS does this by integrating with multiple devices, for example, touch screen tablets, PC keyboards and bar code scanners. It can easily integrate with your devices or work independently, depending upon what you require. Additionally, they`re user friendly, with just a few minutes training you`ll be get ready and running with the system.

We`ve collected the key advantages an EPOS system can have for your business.

Report on how well your products are performing

An EPOS system captures all of your business` transactional data, for example, card transactions and products sold, with its safe management system. This means you`ll have the option to see exactly how your business is performing from