One of the most important components of your business is a good point of sale (POS) system. If you own a retail store or restaurant, a POS is essentially your business’ lifeline. It allows you to receive transactions when you make a sale. It can also serve a whole number of additional functions that may be vital to your business. Above all else, when you look for a new point of sale system, you will want it to have certain features. Here are a few things your POS system can offer your business.
No matter what type of business you own, it’s absolutely essential to have an accurate inventory counting. This ensures that you know the right number of specific items you currently carry and how many you will need to replenish your stock. A good POS system should always have an inventory database built in so you can count your inventory correctly. For best results, you should opt for one that includes an inventory database that is based in the cloud. It allows you to work both online and offline, which offers good flexibility.
Another feature you will want to look for in your new point of sale system is employee management. This can help you to know what your employees are working on during the week and help to better manage their productivity. This feature is especially useful when you have one person manning your sales as it can track what sells, how many sales are made throughout the day, what items sell the best or worst and voids. It can even help to prevent losses. The right POS system can also offer your business time clocks that can be used by your employees.
Credit and Debit Card Processing
Of course, one of the biggest features of any POS system is credit and debit card processing. You want to be able to offer your customers or clients a number of ways to pay for your products or services. The POS system connects automatically to credit and debit cards and can streamline the checkout process. It is faster and more efficient than a regular cash register and credit card terminal.
Something that has increased in popularity over the past few years is mobility with POS systems. This gives customers more freedom and flexibility and allows customers to have a better experience when making purchases as they don’t have to wait on line. With a mobile POS system, an employee merely needs to approach the customer on the sales floor. It is also more personal and makes a better impression on the customer so that they are inclined to stay loyal to your business.
Third-Party Software Integration
Another important feature of today’s POS systems can offer your business is integration with third-party software. This can give your customers or clients more perks, such as loyalty programs and other special promotions within your business.
You can also keep a database of information on your customers or clients with your POS system. You can also store details of every item each customer purchases, along with the fine details, such as the amount they paid and how they paid, whether they returned a specific item later and more. This can help you to determine how you can improve your marketing techniques for the future.
These are some of the best features 2019 POS systems can provide your business this year and heading into the future.
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