Millions of retail businesses are using POS (Point Of Sale) software. They have to make a choice from hundreds of POS software. The best POS software will provide business a fresh level of control over operations. It will enhance efficiency, boost profits and help streamline the business model.
The wrong POS software may result in the waste of effort, time and money. The mistake made by most retailers is to purchase software not meant for their industry. The confusion arises because of the wide range of features provided in hundreds of software in the market.
For instance, needs of a car dealer are much different than a liquor store or that of a petrol pump from that of a shoe shop. Hence the same POS software will not be compatible with all. Your business will be greatly impacted by a POS. Thus, companies need to zero their search into their specific industry to buy the best point of sale software.
Here are some features to consider while buying POS for your firm-large, medium or small:
- Quick checkout
A POS for a retailer must speed up and make simple the process of checkout. This implies that it should not take much manual effort for the sales team to finish the transaction. In case there is still need for manual effort, the POS software needs to be replaced.
- Tracking of inventory
The inventory management process must be made effortless by a POS software. All critical information about the company from purchases to transactions should be monitored. This will make easy ordering from vendors and inventory manager will not have to waste time to calculate a level of re-order.
- Recording customer data
Information will be derived from data on customer’s profile using a fine POS. For instance, a POS will make the purchasing team aware of what products are bought more frequently and accordingly, the team can place orders. The customer relation team can make use of data to build a robust loyalty program which enhances long-term sales.
- Automated program of purchasing
An efficient POS permits the business to feature a streamlined process to connect with suppliers. For instance, if a retail store is running short of a crucial product, the automated purchase program used by the POS can be connected with the suppliers very fast and place the requisite order.
- Suitable for mobility/ multiple locations
A great POS must be able to provide online access which permits you to stay in connection with the business from any remote location. It is a convenient quality for businesses in more than one location as well as franchisees.
- Agreement for PCI ( Payment Card Industry)
This is an important feature by which you can earn the trust of customers because it will protect details of credit cards of customers. Any company may face legal issues if POS doesn’t possess this feature.
- Tools for reporting
All retail POS must have a reporting feature that is user-friendly. It must store information like product models or styles, monthly sales, weekly sales and hourly transactions.
Thus POS software for small business and large business is a useful item.