In this age, there is hardly anybody using cash for transactions. People prefer to use POS software and credit card processing systems to help them pay for goods. This is especially true when people buy large appliances as it’s silly to carry such a lot of cash for shopping.
Here are a few reasons why you should upgrade to a POS software from your traditional cash register.
Accurate Inventory Control – POS software can track inventory changes and stock much faster than cash registers. Since POS systems are automated, they can work with the inventory faster than anything. Cash registers often aren’t capable fo doing so.
Faster Checkout – POS software can work with barcode scanners to let you scan inventory barcodes faster. This can speed up checkout times and increase your footfall. This also reduces time on the customer’s hands and keeps lines shorter.
Barcode Labeling – When you get new inventory, it’s easier to use your POS software to print new barcode labels and attach to your inventory. It’s easier to track, count, sell and work out how much profit you got.
Employee Time Cards – There are POS software that allows you to also keep track of your employees. You can easily keep track of sign-in and sign-out times so that you can have a better hour wage tracking.
Customer Loyalty Cards – POS software are capable to track customer data with their phone number, name and even a loyalty card with a barcode. You can identify unique customers and also prepare customized loyalty programs, discount cards and so on.
Significantly Better Reporting – POS software are much easier to track and have better accuracy. You can track the sale of specific items, customer data, and generate reports. Cash registers cannot do such complex operations. Cash registers can often have problems in storing large volumes of data as well. POS systems have a much deeper set of information and can generate meaningful graphs and are much sophisticated and evolved.
Accounting Integration – Many retail POS systems also have accounting packages so that you can integrate with your accounts and seamlessly generate accounting data. You can simply export files and reports directly into your accounting software and save a lot of time of double-entry of data and have accuracy in reports.
Purchase Orders – You can also use POS software to understand your purchase orders. You can track their delivery and their performance in your inventory. Not only can you re-order and return products, but you can keep a better track of them so that you can make smooth business decisions.
Increased Profitability – While retail POS systems, in the beginning, might not show you a lot of profit, it’s something that happens over time. As you go on using the POS systems for your business, you’ll understand that you’re typically spending less time during checkout and are able to work through a more thorough inventory. You can also understand the useful reporting features such as employee cards and purchase orders.