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Many modern retail businesses have gone from being an outdated cash register to a full point of sale (POS) to manage and complete customer transactions.
Many point-of-sale systems rely on computers to process and store transaction information; many systems use a computer very similar to a standard desktop system as the central component.
It is a reality that small and medium companies need to automate the processes of entry and exit of goods; it does not matter if you have a store, a restaurant, a boutique, etc. You must keep track of your sales and know the current inventory to make the right decisions and that will help you boost the growth and productivity of your business.
Currently, the implementation of a (POS) Point of Sale System is no longer a luxury; it is a necessity to have a better administration and offer a better service to the client.
It is necessary to be clear about how a Point of Sale Software can help you solve the problems you are having from day to day. Read our article and know how to select the ideal POS system for your business.
What is a Point of Sale System?
It is software specially created to streamline sales processes where it interacts directly with the customer, allowing daily transactions and obtaining key information of all registered operations for correct decision making.
A POS system or point of sale is a set of hardware and software tools, which mainly allow businesses to invoice their sales, also facilitating control of their cash flow, inventories, suppliers, purchases, accounts receivable and payable, expenses and fixed costs, profits and losses, among other functions.
In addition, a POS system can help improve customer service at the point of sale, decreasing their waiting time, making them loyal with tools such as points for purchases, direct credits, SMS promotions, various forms of payment, seasonal promotions, etc.
A POS system allows to automate many of the processes that can be carried out manually by a business, which allows having operational and financial reports, which are of great importance to know the health of the trade, if it is generating the expected utility, if mistakes are being made in the handling of inventories, or merchandise is being lost, or the proper stocks are not kept to maintain the business.
At the hardware level, a POS system is made up of computer equipment, of normal characteristics (desktop or all-in-one computers), or a compact computer with special characteristics for a high-traffic work environment (post-compact equipment), robust, capable of withstanding a lot of handling or humid or industrial environments.
Sometimes the POS equipment is very simple, formed by a display of two or three lines and a special keyboard. Generally this type of POS equipment is used in chain stores.
A Point of Sale System allows you to perform, among other things:
- Streamline your sales process at the moment of collecting the products in a quick and easy way with the help of a barcode reader.
- Make electronic CFDI invoices.
- Personalization of your tickets or invoices with specific information of your business.
- Offer different forms of payment by credit card, debit card, electronic purse, and pantry vouchers.
- A plus would be to offer the electronic wallet service so that your customers receive points and discounts for buying in your business.
The key is to research and choose the Point of Sale Software that best suits your needs.
Selecting a Point of Sale System
More than a Point of Sale, you must choose a System to have a systematized control of all the information that is generated, with these data you can make accurate decisions to increase your sales and have sustained growth in your business.
You must analyze the functionalities of the Point of Sale System modules to manage your business in an integral way, the minimum characteristics must be:
- Cashier function to perform cashier transactions, cash drawer and value withdrawals
- You should streamline your sales process
- Manage your inventories efficiently and automated
- Accounts Receivable
- Reports: sales, performance, staff performance, easy access to information (boards and graphics) to make decisions with reliable and updated information.
The following are the key benefits that a point-of-sale system can offer to improve business productivity:
Nowadays, using a point-of-sale system in your company is essential to streamline and automate the operation of your business. With a point-of-sale system, you will have the opportunity to have a better-organized business and the most important thing is that it will help provide the information so that decisions can be made in a timely manner.
Using a sales system will bring important benefits for your company such as:
Link your branches with an online system
You will be able to have one or more boxes connected in a network, defining commercial policies and sales stages for each one of them according to your business, for example; a box configured for orders and another for collections. You can also integrate the information of all your branches in real time with a single system in the cloud.
Control of your sales against inventory
Connectivity of your point of sale
An advantage that your point of sale should have is the ease of connecting with essential tools such as: barcode scanner, scale, cash drawer, thermal ticket printers, label printers, etc.
Reduce the time of attention to your customers
By using a point-of-sale system, you can optimize the time of operation in the sales process of your client since your products will be organized by categories and subcategories. In the same way you will have the opportunity to generate bar codes that will allow you to optimize your operation; likewise the product return process will be in less time thanks to the point of sale system.
You will have the opportunity to know in real time the current state of your business, review your inventories and identify which are your products of greater or lesser rotation and develop strategies based on that information.
As you can see, using a point of sale system in your company will bring enough benefits for your business, if you want to know a little more about these POS systems, check out POS Quote, here you can find a POS System customized for your business type.
Remember that if you have any questions or comments, you can send it to me in the comments section at the end of this article.