A POS system has the power to greatly boost the efficiency and productivity of your retail business in a variety of ways.
Compared to using an electronic cash register or manual system, POS dramatically reduces the time you have to spend gathering sales figures or other repetitive but important paperwork, whether tax reporting, management and more. With a few keystrokes, you can get detailed information such as:
- Revenue and item sales information
- Salesperson or cashier sales
- Totals for end of day, end of week and more
- Credit card transaction totals
- User-defined reports that can be easily integrated with back office operations
This saves you time and gives you peace of mind. You can take advantage of the information collected in the POS system for inventory control, purchase order management, accounting, and other marketing and management needs.
Increase Inventory Turns
Track your inventory, spot sales trends, and use historical data to better forecast your needs. Some retail software can alert you to reorder when stocks run low. Many store owners, who think they know exactly what trends affect them, find a couple of surprises once they have this data. Inventory information helps make purchasing requirements more accurate and timely – and not just based on past experience or estimates. Detailed sales reports make it much easier for you to keep the right stock on hand.
Build a Customer List
Collect the names and addresses of your best customers as part of a standard transaction. Then use the list for targeted advertising or incentive programs.