An EPOS System, or 'Electronic Point Of Sale' system, is the central component of your business. A POS system allows you to track transaction history, record sales and stock, provides insight into customers and data on employees, allowing you to manage your business more efficiently. Choosing to upgrade your POS can be a tough decision, as there are many points to consider including budget, time, and possibly the worry of losing sales during switching. Choosing the right epos system can drastically improve many aspects of the business and also increase profits when used properly.
Upgrading
your POS
With multiple options available,
upgrading your POS can be nerve racking. From iPad based solutions to
complete systems, as well as self-checkout systems, it can be challenging to select
the right one. You will initially have to decide your particular business traits
to choose one that turns out best for you. Cautiously explore the options
available and consider precisely what features includes your business needs,
and you'll minimize the risk of winding up locked into a contract with a
helpless system. Upgrading can bring many changes to your entire business operations:
Improved
Efficiency – EPOS systems with a touchscreen monitor,
eliminate the need to physically enter items and prices like you would with a cash register.
Ease
of Use – Having
a system that is simple to use is significant for a seamless customer experience,
if staff can be trained quickly and explore the system easily, it will make each
transaction run smoothly.
Less
Cluttered Space
– All-in-one system saves space and gives an all the more aesthetically satisfying
front counter that will not look cluttered. It also increases staff
satisfaction.
Complete
Control – With
cloud-based POS systems, sales reports and transaction data is stored securely and
can be accessed from any compatible device allowing you to make business
decisions.
Accuracy - With a digital POS, many allow
various features to be tailored. With an organized intuitive interface, it means
orders can be processed quickly and accurately.
What
to Consider When Choosing Your POS
The advantages a POS system is obvious,
however it's essential to understand what specific features you're looking for
to guarantee you choose the right one. The system you choose will rely upon
your business' individual requirements, anyway it's wise to consider the following
points before making a decision:
Customers
Consider how you interact with
your customers, as they are arguably the main part of your business. If
customer loyalty programs are something you're thinking about, consider epos system UK that makes it possible. If
you often have promotions, consider a system that allows you to advertise your offers
effortlessly. Also, if you wish to send updates to your customers' email
consider a system that includes an inbuilt CRM.
Stock Management
Integrating stock management in your
POS system will provide you with complete control. Especially in case you're a
busy place that frequently sell out things, consider a POS that gives low stock alerts,
guaranteeing you'll never sell out of your top rated items. Most of the systems also
allow you to see this data in real time, giving you complete overview.
Hardware
Consider your present system,
what works and what doesn't. From this, you can figure out what type of
hardware you require. Small venues may just need a single terminal and one card
reader, while larger venues may require multiple systems with receipt printers
and barcode scanners. Remember your customers and choose a hardware package
that fits to you.
Reports
It is basic to understand what data
you need for your business to perform well. Many systems will allow you to track
sales data in real time by day, hour or specific time span. Consider what data
you track right now and what you might want to gather and choose an EPOS system
that gives it.
Costs
Explore all the fine print before
making a final purchase. EPOS systems offer a "free" retail POS
system, but may charge you for ongoing epos software packages. If you are a small business it might be wise to choose
an item with a one-off cost, you'll understand what you can spend, and will not
have the extra pressure of trying to keep up sales to keep up with monthly
payments.
Conclusion
Once when you have decided the needs for your business and have an idea of the system that will work for you, try to see them in real life. Request demos and collect as much data as possible before making a final decision. Cautiously think about everything from cost, features, and ease of use to guarantee you have a seamless switch.
