Top Ten Benefits of Using a Point of Sale System

Benefits of a POS system

  1. Payment Processing – In order for a small business or restaurant to process credit and debit card payments, a payment gateway is required. A point-of-sale system can greatly streamline the process for merchants. It enables businesses to process the transactions as they happen instead of logging into a merchant account virtual terminal and bulk entering credit card transactions at the end of the day.
  2. Integration with Accounting Systems – A POS system can integrate with a merchant’s bookkeeping system and manage various types of data, such as sales by employee, inventory, and more.
  3. Markdown Management – Another area a POS system can aid in business management is with markdown management. This is especially useful for tracking obsolete inventory that needs to be clearanced out to make room for new stock.
  4. Communication Simplification – A restaurant POS system can send orders directly to the kitchen, saving steps by servers and cutting the time between a customers ordering and receiving their meals.
  5. Pinpointing Shrink – By monitoring inventory at the point of sale, merchants can ensure their “on the books” inventory matches their actual stock, eliminating sudden shrink.
  6. Reduce Human Errors – Manual inventory tracking can become a nightmare as mistakes are sure to happen. A POS system tracks each sale as it occurs, eliminating the need for manual inventory management.
  7. Consistent Pricing – For businesses with more than one location, owners can set pricing to be consistent throughout the entire company, if desired.
  8. Sales Pattern Monitoring – Being prepared for seasonal stock management, sales by employee for commissions and contests, and more can be aided with a point-of-sale system’s ability to monitor sales patterns.
  9. Employee Management – Another plus with sales pattern monitoring is the ability to man your store with more employees during peak times and save money by scheduling fewer staff during slower days and times.
  10. Improved Customer Relations – The bottom line with implementing any system is to improve customer relations. Word of Mouth is one of the most powerful marketing tools for businesses. Keeping your customers happy by maintaining sufficient staff and stock can be attained through the aid of a point of sale system.

Request a demo of a Harbortouch Point of Sale system today.

 

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