Point Of Sale Software Streamlining Sales For Bigger Bucks
Are you struggling to maintain a viable business operation with an outdated cash register or POS software system?
Point of sale (POS) software is possibly one of the best investments you can make in your business success. Full featured POS software will virtually run your entire business operation from your desktop.
Point of sale software systems benefit your sales process by providing you with a range of reporting features, plus a number of other specialised services which streamline your inventory, ordering, staff, customer information, transaction and accounting processes.
The analysed data can be tailored to suit your business needs, so lets look at some of the reporting features which will help improve your sales and overall performance figures, and therefore the bottom line of your business:
A detailed report breaks down the number of products you have sold; statistics can include sales for today, last week or over the past month. By analysing which products are generating most sales, it's easier to focus your attention on margins, sales trends, forecasting, revenue and inventory.
The detailed reporting summaries can tell you at any time how much of a particular product you have on hand (and in what colours, sizes or varieties), how much you have in the cash drawer in sales plus float, and how much of that cash is profit.
A POS software system effectively reduces shrinkage (items that are lost from the shelves due to theft, waste or being out of date) because the software enables you to keep track of every item.
POS software helps you to see when a particular stock item is running low so you can promptly re-order.
The POS sales interface integrates the entire sales process, including EFTPOS or cash, so only one transaction is required. The point of sale processing system will handle cash, cheque and credit card purchases quickly and easily as well as process lay-by transactions, special offers, discounted items and gift certificates.
POS software operates with either keyboard or touch screen access and a bar code scanner, which reduces staff errors or incorrect pricing as product prices are already stored in the system.
Not only does a
POS system reduce human error, it dramatically improves transaction processing times and the overall customer experience. And faster transaction processing means you can service your customers more effectively.
You can maintain data on your customers including their email address - and their regular purchases. This information enables you to take a proactive, targeted approach in your sales and marketing campaigns. Point of sale software can manage and support one retail site or a number of sites from a centralised location.
This functionality enables management to oversee all their operations from a remote location. By integrating the features of a
POS software system, business owners or managers can apply a common set of rules and procedure across a range of outlets.
The benefits of maintaining a centralised POS system for a number of outlets include increased overall productivity and ease of management as well as providing customers with the security and satisfaction of knowing they can expect the same high level of service and range of products they've come to expect from your business no matter which outlet or store they visit.
by: Shirly Sareyka
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