An
EPOS System, or 'Electronic Point Of
Sale' system, is an important part of your business and can be more than just a
hub where transaction happen. A POS system allows you track transaction
history, record data on sales and stock, provides insight into customers data
on information of staff, allowing you to manage with your business more
effectively. Choosing to upgrade your POS can be a difficult option, as there
are multiple points to consider including budget, time and potential to lose
sales during the process of switching. But choosing the right system can
definitely improve a few parts of your business and increase profits whenever used
properly.
Upgrading your POS
With
multiple options available, upgrading your POS can be nerve racking. From iPad
based answers for complete systems and self-checkout systems, it can be
challenging to choose the right one. You will initially need to determine your type
of business traits so as to choose one that works best for you. Cautiously explore
the available options and consider precisely what includes your business needs,
and you'll minimize the risk of ending up locked in an agreement with a poor
system. Upgrading can have a few advantages to your entire business operation,
here are a couple of examples:
Improved Efficiency – EPOS system with a touch screen
interface specifically, eliminate the need to physically enter and prices like
you would with a cash register.
Convenience – Having a system that is easy
to use is important for a aeamless customer experience, if staff can be trained
quickly and navigate the system effortlessly, it will make every transaction run
a lot smoother.
Less Cluttered
Space – All-in-one epos system saves space and provides
a more aesthetically pleasing front counter that won't look cluttered. It also
improves employee satisfaction.
Better Control – With cloud-based POS systems, sales
reports and transaction data is securely stored and can be accessed from any device
allowing you to settle on business decisions from any where.
Accuracy - With an advanced POS, many allow
various features to be customized. With a sorted out intutive feature, it means
orders can be handled quickly and accurately.
What to Consider
When Choosing Your POS
The
advantages a POS system brings is self-evident, but it's critical to know what features
you're looking for to guarantee you choose the correct one. The system you choose
will rely upon your business' specific needs, anyway it's wise to consider the points
before making on the choice.
Customers
Consider
how you interact with your customers, as they are arguably the most crucial
part of your business. If your customer loyalty programs are something you're thinking
to implement, at that point consider a POS system that makes it easy. If you
frequently have promotions you need to display, consider a system that allows
you to promote your deals effortlessly. Moreover, in the event you wish to send
updates to your customers' email consider a system that includes an inherent
CRM.
Stock Management
Integrating
stock management into your POS system will provide you with complete control.
Especially in case you're a busy venue that regularly sells out of things,
consider a POS that gives low stock alarms, guaranteeing you'll never sell out
of your best selling items. Multiple systems also allow you to see this data in
real time, giving you complete control and accuracy.
Hardware
Consider
your present system, what works and what doesn't. From this, you can figure out
what hardware you require. Smaller
venues may just need one terminal and one card reader, while big chains may
require multiple systems with receipt printers and barcode scanners.
Reports
It
is crucial to know what data you need for your business to perform well. Multiple
systems will allow you to follow sales data in real time by day, hour or specific
time frame. Consider what data you track as of now and what you might want to collect
and choose an EPOS system that gives it.
Costs
Explore
all the fine print before making a last buy. Multiple EPOS systems offer a
"free" POS system, but may charge you for ongoing epos software bundles that mean your
month to month costs are extortionate, and you're secured in an agreement. In
case you're a small business it may be savvy to choose a product with a one-off
cost, you'll know what you can bear to spend, and won't have the extra stress of
trying to keep up sales to keep up with monthly installments.
Summary:
After
you have decided the requirements for your business and have an idea of the system
that will work for you, try to see them in action. Request demos from providers
and collect data as you can before making that last buy. Cautiously think about
everything from cost, features and ease of use to guarantee you have a seamless
switch.
