The Point-of-sale (POS) system choice is one of the vital considerations you will ever make for your store. Lots of store owners are finding that web-based POS systems come with a number of solutions offering a comprehensive service at a smaller cost. There a number of ways a web-based POS system can benefit your store.
Cheaper, Easier And Faster Installation
Lots of POS systems have a way of affecting your patience and putting doubts of malfunctioning in your mind due to a long process of installation with lots of calls to the owner for support. This happens after using a lot of money on the system. Through a POS system the process of installation is almost nil since web-based POS systems are hosted, meaning all the tools are on the side of the provider.
Improved Cash Flow
The POS system sourced differently has to be paid up front for the software and hardware, draining the initial capital and cash flow. Rather than incur huge costs that affects cash flow when you are just starting or leasing a POS system that comes with a lot of charges over the long haul, a web-based POS platform comes with manageable monthly subscription or annual fees that include technical support, maintenance and software updates without any extra cost.
Better Inventory Management
Through a POS system based on the web, real-time tracking of inventory is much easier compared to daily or hourly updates seen in many traditional systems. You will also be able to see the items on-order, in transit and on hand. Quick analysis of quantities needed to be ordered helps in saving lots of money lost through under or over buying.
Fast And Complete Reporting
Due to an instantaneous update of inventory amounts, this type of POS system produces accurate reports remarkably, letting you know how your store is doing daily, weekly or hourly. Other specifications easily monitored include each employee’s sales, profit after the determination of markup and overall sales among others. A new tactic you might have incorporated is weighed down and you also get to know if a certain employee has not been performing as desired on a certain day without waiting for the end of the day to determine it. Such information from a web-based POS helps in addressing issues that can be quantified, raising the store sales for that day.
Lesser Or No Paperwork
A web-based point-of-sale system helps in tracking the entire store sales within a single database, meaning you do not need to generate lots of paperwork in terms of sales. Multiple stores orders can be easily placed in the same place with minimal invoices generated, helping the process of accounting to operate without hitches.
Ease Of Customer Management
If information on a certain purchase made by a customer is required, the web-based POS platform makes this very easy. Headaches in regard to the exchange and return processes in your store result in happier customers and faster transactions. Purchases can be returned at any of your stores with a gift card system in all the stores implemented with ease; it is updated instantly in all the locations of the different stores.
Mark is a system analyst working with a leading business consulting firm in NJ. He recently consulted a business on the introduction of POS System and referred them to this pos systems buyer’s guide to understand the basics.