You’ve probably heard some talk about modern POS systems, but what are they really? What can they actually do for your business, and are they affordable? Here, we’ll cover everything a beginner needs to know about these impressive and versatile tools, including some of their best features and why you should consider upgrading to one. Keep reading to learn all about POS software!
Not Your Typical Checkout
With outdated checkout machinery and registers, you can often run into slow checkout times; whether you’re operating a brick-and-mortar or online store. The fact remains that whichever medium you’re selling in, a slow checkout time can mean problems. Customers don’t want to wait in long lines, or for slow webpages to load, and will often disengage if they have to wait too long. That’s right; your old register is actually costing you money.
A POS isn’t your typical checkout system. While it will ring up transactions, accept payments, and collect cash in a drawer (unless you’re online, of course), the system is much more than just a register. Loaded with extra tools, backed by 24/7 support, and designed with efficiency in mind, these versatile tools can do a lot for businesses of any size.
It’s time to ditch the old cash register you’ve been using since you opened. It might have served you well in the beginning, but as retail and the business world, in general, continue to evolve, you don’t want to be left behind because you’re held up on an old register.
One of the best features that POS software has to offer is the ability to integrate with other programs and even your own hardware. Some POS companies don’t actually offer any hardware like receipt printers and registers, so you’ll only be able to purchase the software. Luckily, POS software is designed to work with many brands and models, so yours will likely be supported.
If you find that your hardware isn’t compatible with the software you want, you can always opt for the company’s own hardware. This is usually the best route since the hardware is designed specifically to work with the POS software; meaning fewer errors and reboots.
Additionally, many POS systems have software that integrates with other programs like Quickbooks or your stock-ordering software. Your daily revenue will be automatically updated, and when you run low on stock, you can set up auto-ordering so you never run out. This hands-off approach means you’ll spend less time with such tedious tasks and more time interacting with customers and growing your business.
Are you tired of inventory counts never being accurate? Tired of recounts, mistakes, and lost time? POS software will manage your inventory for you, automatically updating in real-time, so your numbers are always as accurate as possible. Leave the stress and worry of manual counts behind with a modern POS system!
Counting inventory can be costly as well, especially if the counts are wrong and someone on the clock has to recount everything, or you accidentally order more product when you had some in the back of the warehouse all along. While standalone inventory management software is available, why not unify all of your operations into one software program? This eliminates the need to spend money on extra software and makes everything accessible from one interface.
Expanded Payment Methods
The way people pay for goods and services is always changing. From cash to credit cards to touchless payments, the options for consumers are pretty limitless and continue to evolve as new technology comes about. It’s important that your business remains up to date with the trends and has software that can meet the needs of any customer.
Expanding your accepted payment methods can open up your business to new horizons, attracting customers you’d otherwise have never appealed to.
POS software can also help you improve your business’s marketing efforts. You’ll be able to create detailed customer profiles, complete with names, addresses, and purchase history. What better way to market to your customers than by knowing exactly what they like to buy? With this information, you’ll be able to craft more customized marketing campaigns and increase the chances your customers will respond to your call to action.
Many POS systems allow you to send out emails and promotions directly from the interface as well, so everything you need to stay in touch with your customer base is centralized in one convenient place. Marketing has never been more easy or simple than with a modern POS system!
A Must for Modern Businesses
Let’s be honest here; a POS system is a must for the modern business. No other software offers such versatility or usability or combines so many tools in one interface. Take control of your marketing, inventory, and payment methods with modern POS software and learn why so many businesses have made the switch.