Retailers have a lot to manage in the course of a day — retail inventory, employee scheduling, product promotions, loyalty programs, and cash flow. And a point-of-sale (POS) system is a retailer’s best tool when it comes to tracking funds moving in and out of the business.
At the most basic level, a POS lets you check out customers, record sales, accept payments, and route those funds to your bank. But the right POS system can do so much more. The right POS can create efficiencies in your day-to-day management and long-term growth for your business.
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That’s why we’ve put together a guide to make sure your point-of-sale system is working for you the way that it should, meaning that it should:
Allow you to move through transactions faster and increase the speed of your lines
An intuitive and streamlined POS means less fumbling around at the register. That leads to faster lines, more sales for you, and a much better experience for your customers.
Let you meet customers anywhere in the store
POS software that integrates with countertop and mobile hardware solutions provides a flexible checkout experience for customers. (Imagine how much nicer the holiday shopping rush would feel for customers if the counter managed the primary line while an employee with a mobile device line-busted simple transactions.)
Help you make smarter decisions
Robust retail POS systems can also provide insights and analytics that can help you better manage your business and leverage sales data to make more informed decisions. It can give you a better idea of what inventory you should stock when, or what products you might promote around the holidays and other major retail events. Or it can show you when your store would benefit from scheduling more employees (or fewer).
Allow you to address issues in real time
With a cloud-based POS solution, you can look at your business’s performance across stores and compare performance by location in real time — no matter where you are. This helps you save sales and drive cost efficiencies.
If your POS system doesn’t do these things for you, it might be time to switch your solution. In fact, even if your POS does some of these things, you should really evaluate your solution on a regular basis because it can affect your retail business in such a big way.
Our guide provides the questions you need to ask to determine if it’s time to switch POS systems. If you decide that you’re in the market for a new system, the guide also covers:
- Essential features that all POS systems should have
- POS features that help you take your retail game to the next level
- What to take into account when looking at POS pricing
Download “How to Choose a Point-of-Sale System: A Guide for Retailers” and get started today.