what are the benefits of an epos system?

This post first featured in the Modern Retail Guide to Retail Tech February 2019. To read the full eBook click here, or scroll to the end of the page to view on page-turning software.

 

An EPOS system is much more than a place for customers to pay. When utilized correctly, it can bring countless benefits, helping retailers to run their business more effectively and smoothly. Here are just some of the reasons to make the most of your EPOS system, if you aren’t already doing so.

 

Accurate reporting with an EPOS system

An EPOS system can accurately collect data in real time, removing the risk of error which is often associated with data input. By relying on your EPOS system to provide reliable data, sales reports can be generated with ease, helping to highlight sales figures, high-performing stock and profit margins.

 

Real-time inventory tracking

EPOS systems create the opportunity to track inventory levels across various stores with ease. A number of factors make traditional methods of stock tracking more challenging, including the increasing number of items being returned and the ability to click and collect instore. These can be easily overcome using a system which has the capability to monitor the number of items instore, instantly recording sales, returns and changes to levels of stock.

 

Cloud-based EPOS system access

Data stored on the cloud can be accessed from any location, meaning you don’t have to be instore to check inventory levels or track sales recorded by your EPOS system. When protected properly, this can give additional security, meaning there is less risk of losing data to system damage or viruses.

 

Customer satisfaction

Customers seek streamlined, fast checkout experiences, with customer service also playing a large part in making their purchase memorable. EPOS systems can facilitate stock checking on the spot, giving staff the opportunity to ask customers if they found everything they were looking for. With quick access to stock levels, where it can be found, and even organizing home delivery if the item is not instore, this can help retailers to upsell, increase sales and impress customers.

 

The benefits of using EPOS systems to simplify business operations, log data and improve customers’ experiences are endless. This makes it more important than ever before to understand the full functionality of your EPOS system and exactly how you can make the most of it.


Comments

Post a Comment

Popular posts from this blog

EPOSDIRECT HUB

Image
  FRONT OF HOUSE POS       Easily downloaded onto any device     Minimal training     Clearly labelled categories and tool bar     Payment splitting, holding items     Add order notes     Fully customisable interface   GET STARTED BACK OFFICE HUB       Secure hosting in the cloud     Central control to create and customise unlimited products, buttons, and categories. Set up sites, zones and users     Mobile optimised reporting with access to all live and historical data across multiple sites. Fully mobile optimised so you can view on a phone or tablet     Live screen designer so can easily customise POS screens, allowing live changes to the front of house screens   ARRANGE DEMO REDUCED HARDWARE COSTS AND DISRUPTIONS   Save on server costs:THE EPOSDIRECT HUB resides i...
Read more

Lightspeed retail POS system

Image
  3. Lightspeed Restaurant POS Best for third-party integrations Editor Rating:  5stars      Price: $69 /month A large library of integrations helps this iPad POS stand out as one of the more flexible restaurant services. Third-party apps can be easily plugged into Lightspeed, allowing customers to add features like loyalty programs and employee scheduling or letting customers tailor their POS to even more specific industries including hotels and ecommerce. It's not all third-party integrations, of course: Within the software interface itself, ingredients can be tracked individually through the inventory management features, a floor plan display helps guide servers to the table they need when they need it, and a menu that supports photos of each meal to be included with each description. Take a moment to find out if Lightspeed is right for your business, with our dedicated, time-saving comparison tool. Key Features • Tableside Ordering • Integration Library ...
Read more

3 Types of Inventory and Sales Reports to Use in Your Retail Store

Reporting and analytics are essential to any retailer because they tell you exactly what’s going on in your business. Analyzing your data correctly enables you to make well-informed decisions around things like stock ordering, promotions, and staffing, among other things.   However, having too much data (or worse — looking at the wrong info) can lead to mishaps, overwhelm, and a lot of business headaches. That’s why it’s important to run the right reports for your retail stores.   Need help doing that? We’ve put together a list of the top retail reports you should keep an eye on.   Check them out!   Inventory Reports Keeping your product assortments fresh and relevant is a must if you want to stay in business, so track your inventory like a hawk. You can do that with the following reports:   1. Inventory On Hand You always want to know how much merchandise you have in your stores, so if there’s a report that you should run regularly, ...
Read more