When compared to conventional cash registers, the advantages and benefits of online POS systems for your company are numerous.
If your company still relies on an Electronic Cash Register (ECR) and a credit card interface, you’ve certainly thought about switching to a full Point of Sale (POS) system at some point. There is no better moment to update than right now, though, if you’ve been on the fence in the past. POS systems are more user-friendly and economical than ever.
You may profit from online POS systems in other areas of your company, not just the cash register. It’s time to retire that cumbersome cash register and choose one of these 5 point-of-sale benefits that will help your company expand.
- Enhanced Effectiveness
Your business will function more smoothly if your cashiers have the tools they need to support their workflow. A carpenter obviously needs a hammer and nails in order to build a house, am I right? Therefore, if you don’t provide your staff with the proper equipment, such as a barcode scanner and online POS systems, you shouldn’t expect them to shorten checkout times.
Cash registers also become more and more obsolete as analogue technology fades from use. These days, everything is touchscreen and digital. Almost all of us have mastered the art of touchscreen navigation. Employees can easily learn how to use online POS systems because of its user-friendly layout, which will save on training time and assists in making them more productive.
- Additional Payment Options with Online POS Systems
The ability to quickly accept a variety of payment methods, such as EMV chip cards, contactless payments (NFC), and digital wallet payments like Apple Pay, Android Pay, and Samsung Pay, is another benefit of point of sale systems. You may improve customer happiness and income by allowing your consumers to use a variety of payment methods. In fact, a recent study indicated that 33% of respondents prefer using credit and debit cards as their favored payment option, while 44% prefer using debit cards. This indicates that plastic is the crown princess in town and that cash is gradually losing its throne as the king.
- Greater Precision
Your sales people and cashiers will have instant access to all the information they require with a point of sale system that has an intuitive touchscreen interface. It does away with entering items and prices by hand, just as you would with a cash register. With real-time data, point of sale technology increases accuracy across your whole business. reducing the danger of human mistake by removing the requirement to upload or enter data into back-office systems.
- Inventory Control
Point of sale technology, as opposed to a cash register, has sophisticated inventory management features. POS software will save you hours of inventory management each week by handling tasks like tracking a product’s quantity-on-hand and setting up reorder triggers and a retail matrix. The best aspect is that even the best cash registers cannot provide you with real-time inventory data, which your online POS system will accomplish.