Point of Sale (POS)
For many years, cash registers were the only way to go when completing sales in a store, shop, or restaurant. But with the advent of technology, the options have expanded to a variety of systems that work best for your business. Point of Sale systems have many benefits that can increase your business as well as please your customers. The Point of Sale News discusses the perks of POS systems compared to traditional cash registers:
- 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 or create their own.
- Unlike a cash register, a point of sale system often includes an overall inventory management system. Store owners can use a point of sale system to track their biggest sellers and reorder those products when stock gets low.
- It is easy to look up past transactions. If you need to know how much you sold last Tuesday a point of sale system can give you that information in a snap. It would take many hours of laborious work to find the same answer using a cash register.
- You can use a point of sale system to create your own purchase orders, eliminating an extra step in the ordering process. You can even automate the ordering process to make sure you never run out of your hottest selling products.
- Modern workers are often more comfortable with point of sale devices than old fashioned cash registers. The generation now entering the workforce never knew a time without computers, and as a result they are very comfortable working with computerized technology like point of sale devices.
- Point of sale 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 on a point of sale device.
- Customers receive more informative itemized receipts with a point of sale devices. Many cash registers can only print the date and the amount of the sale, but since point of sale devices are tied into the inventory control system they can provide much more detailed information, including a description of the item, the list price and the sale price.
- Point of sale 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.
- You can see real time inventory with a point of sale device, something that even the best cash registers simply cannot do. In fact, many companies have found that implementing a point of sale system virtually eliminates the need for a costly hand count.
- The maintenance and repair costs are often much lower on a point of sale device than a cash register. The number of companies that repair cash registers is dwindling, and that means that repair costs can be rather high. There are many vendors who repair point of sale devices, and that can keep repair costs low.
For questions regarding POS systems, and to find the right POS system for you, contact with us.