Why Do You Need a POS System for Your Shop?
Posted on June 5, 2017 by Aniruddhya Hazra
Competition has forced every business innovate new strategies and implement newer technologies to survive in this market. In today’s global market no small and medium business with selling services may be able to survive without a POS system. A POS or Point-of-Sale system is, basically, a computerized cash register which in recent times comprises a computer, monitor, cash drawer, receipt printer, customer display, a barcode scanner and a debit/credit card reader. Being based on a PC, it opens up a new world of data about your business. With a point of sale system, you don’t have to worry how much inventory you have on hand. The point of sale system keeps track of that and you have the information at a glance.
Modern point of sale devices carries a number of important benefits, including:
- Say Goodbye to Log Books– Point of sale systems simplify the accounting process. Old fashioned cash registers force accountants to sort through hundreds of receipts, but with a point of sale system financial personnel can simply use the built in reports. You’ll be helping the environment as well.
- Your Data is Security- POS system helps you having your data safe and secure in another location, better than having it sitting on a hard disk in your office waiting for an accident
- Be Carefree- You can be away but don’t worry about your store. POS systems take care of those problems that result when management isn’t present.
- Look up Your Past Transactions Easily- If you need to know last Monday’s turn out, a POS system can give you that information in a second. Find the same answer using a cash register is a boring and laborious task.
- Record the Markdowns Piece Easily- Instead of going through a mountain of receipts at the end of the day, the POS system calculates the markdowns automatically as sales occur.
- Promote Your Products Easily – Promotions, discounts, and coupons can be tracked easily and the effect of these promotions recorded daily which is almost impossible without POS inventory management systems. Discounts and freebies can easily be managed for loyal customers as well. It helps even knowing your customers better by tracking what they buy and offering them points for every sale.
- Minimize Human Error- POS devices can cut down on user errors. Hitting a wrong key is always a risk when ringing a sale, but point of sale devices have built in checks to ensure that the information is entered accurately.
- Automatic Ordering – You can use a POS to create your own purchase orders, even automatically to make sure you never run out of your hottest selling products.
- No Waiting- POS devices provide faster service than old fashioned cash registers. Every part of the process, from authorizing a credit card transaction to printing a customer receipt, is faster.
- Operate from Any Where- A POS terminal can be networked to other terminals, and to a server in the back room or at another location. It can even be expanded with handheld devices (like a smart phone or an iPad). You can use it to track a number of operations in useful ways and customize it as your needs change over time.
- More Informative & Itemized Receipts- Many cash registers can only print the date and the amount of the sale, but a POS system can provide much more detailed information, including a description of the item, the list price and the sale price.
- Low Maintenance Cost- The maintenance and repair costs are often much lower on a POS device than a cash register. There are many vendors who repair point of sale devices at a low price.
- Brand Positioning- Last but not the least, in this cashless market customers are often more comfortable with POS devices than old fashioned cash registers. Even a customer feels satisfied and confident trading with an outlet having a POS system.
As you can see, there are many reasons why your company should consider abandoning the old fashioned cash register in favor of a computerized new system. A POS devices can lower the cost of doing business while increasing productivity and that can be good for the bottom line. Know more…