If you are still using a cash register and a credit card terminal, you might consider upgrading to a POS system. These systems will improve your business in many different ways, from expanding the types of payment you can take to giving you greater accuracy. They can help you manage your inventory and your employees, and you can create customized reports when you need to. Take a look at the top six reasons to use POS systems.
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1. POS Systems Are Easy to Use
Technology is designed to make tasks easier, and POS systems don’t disappoint. Most people are familiar with using a touchscreen, and it can be second nature. These systems have an intuitive interface that is user friendly, and it is very easy for employees to learn how to use them. Not only does this mean that it is easy to make the change, but the training time will be shortened and your employees will be more productive.
2. They Expand Your Payment Capabilities
When you use a traditional cash register and a credit card machine, you are limited to taking traditional payment forms, including cash and credit cards. POS systems can allow more payment options, including contactless payment, cards with a chip, and mobile wallet payments. This expands your customer base and makes payment for your goods and services convenient. Customers prefer having these options, and people are using cash and paper checks less often than ever before.
3. They Help You Manage Inventory
You can actually keep track of your inventory when you use a POS system. They can track how many units of an item you have available, and they can be set up to reorder when your stock is running low. You can look at real-time inventory data, which helps you answer customer questions and makes them happy. This reduces the amount of time you need to spend managing inventory every week, and it helps your business run more smoothly.
4. It Helps You Manage Employees
Some POS Systems have integrated time-clock features, which allows your employees to punch in and punch out on the terminal. This gives you an accurate accounting of who is at work and when they are there. You can make sure that the system verifies the employee identities, which ensures that your employee is there if they are logged in. In addition, your employees will be linked to voids, returns, and sales, which gives you an accurate account of these items. Nobody likes to think about employee theft, but it can happen, and POS systems help to prevent it.
5. .You Can Print Reports
Another reason to use POS systems is that they have different reporting features. You can get information about your sales, expenses, or profits in real time, and these reports are easy to read. In addition, you can access the reports no matter where you are, so you can work on strategies for your business based on real data. There are a number of KPIs that you can monitor, including customer sales, the sell-through rate, and stock turnover. This enables you to make better decisions and increase your profits.
6. You Get Detailed Receipts
POS Systems print out detailed receipts for your customers. This makes them happy, as you can add information such as the item description, price, any savings they get, and more. You can add footers to the process, such as information on any loyalty rewards program you may offer, your return policy, or more. You can also include coupons for your customers so that they return for a discount. There are a lot of options when you choose to customize your receipts with this type of system.