If you’re still intent on using a cash register for your small business, perhaps out of concern about the expense of spending money on upgrading to newer technology, there’s some news for you. A retail point of sale system can help you run your business more efficiently and more cost effectively. You should also know that it’s not as expensive as you might think.
POS systems make it easier and faster to process customer transactions. But to get the most out of a POS system, you’ve got to look beyond just processing transactions. POS systems come with different features and capabilities, some of which can be customized to your business. It’s software that offers you capabilities to do work on things you typically manage using spreadsheets on your personal computer. The record keeping and importing of data that used to take a lot of time can now be automated with a POS. With your business records digitized, a POS can produce reports on your business operations. It can alert you to something before it becomes a problem, such as low inventory for a particular item. A POS can also help you schedule employees, which will help your business run more efficiently during busy times.
Your cash register can’t do any of these things. Your personal computer can do some of them, but you’ll need to purchase several software programs. There’s a good chance you already have the technology you need to implement a retail POS system — your tablet computer. Retail market research firm IHL Group estimates that new mobile POS device shipments will grow more than 95 percent worldwide this year. With POS software accessible via the cloud, accessing the system is as simple as using a tablet computer with a secure Wi-Fi connection. That means you can manage your business from just about anywhere, whether it’s the front counter, the stockroom, or even the site of a customer or a supplier.
Upgrading to a retail POS isn’t just about adding new technology. When you become more responsive to your vendors, your suppliers and your customers, you run a better and a more profitable business. For more information about what a POS system can do for you, contact us.