If you are running a retail business, then you need retail software. It’s that simple. POS software, or point-of-sale software is a system that enables business to keep your business running smoothly and efficiently. But don’t be fooled by the name, these systems offer so much more that just point of sale tasks. Really they should be referred to as retail management software, because that is exactly what most of they provide. These systems allow for your business to grow and expand without hiccups or obstacles. And we all know that the smoother your business runs, the happier your customers will be. And each happy customer comes back and recommends you to their friends and family members!
Once your business has ePOS Software, then each and every sale and transaction will be handled by your computer. You enter the product name, selling price, and quantity, and it will take care everything else! It will calculate the sub-total, apply your tax rate, and the display the total. It will even calculate how much change you owe the customer, and all the while it is keeping intricate records of every sale.
How ePOS Software Automates Areas of Business
Also, since this amazing software is keeping track of every sale, all kinds of tedious tasks can be automated for your business. For example, at the end of the day it will display your EOD totals, tax total, and even give you a productivity report. This allows you to see how many items you sell within each business hour, and even drill down what which items in particular are moving at certain times. In fact, most POS software completing handles your inventory management and well as replaces your cash register. So additional functions that can be automated include:
- Point of Sale, Cash Register Functions
- Inventory Control
- Automatic Purchase Order Creation
- Automatic Price Updates
- Bar Code Scanning
- Accounts Receivable/Accounts Payable
- General Ledger
- Payroll/Time Clock
- Customer Tracking and Follow Up
- EDI (Electronic Ordering)
Also, once you have your POS system in place, you can use it to set-up coupons and discount codes, offer gift cards, and lots of other customer incentives. The best thing about these systems is that they are adaptable and address the needs of modern customers. For example, since they are linked to the Internet, credit card transactions can be instantly processed online. This means you will never have to ask another customer to wait because your phone line is busy! This alone can increase your customer satisfaction dramatically!
Caters To Your Business Needs
Keep in mind than all ePOS software programs are NOT created equal. Choose wisely when determining which system will best meet your needs as a business owner. Every system has different features, strengths, weaknesses, and focus on specific types of retail. Don’t underestimate this little differences; each one can have a huge impact of your business. In fact some programs even specialise in managing more than one store! Most are easy to install, and the right retail software system will be customizable enough that match your businesses exact requirements.