Is acquiring POS System an Investment or Expense?
by Gemini computer Gemini ComputerMore than
70% small businesses are still stuck with old-school cash registers and still
using papers to deal with customer service and daily operations, as per the
latest stats. Though old methods are tried and tested, but they are keeping you
lagging behind and outdated. Relying on written notes and memory is time
consuming and you are prone to expensive mistakes and affect the bottom line.
Along with
it, further studies show that small businesses using modern POS systems can
improve revenue up to 50% in the next five years. It can automate daily
operations and save time for employees and managers to provide better service
and hit the sales floor.
Here are the
reasons why POS system is considered an investment instead of expense.
According to Defaqto Research, over 55% shoppers consider better customer
experience. Data collection and store operations are automated well with retail
POS system. This automation gives more time to employees away from the counter.
Reporting
Employees
are used better in selling equipment instead of counting it. POS can track the
changes in stock in real time and save time of employees.
EMV Support
Who doesn’t
love card payments? But there is always a risk of identity theft for customers.
This way, EMV chips avoids fraud and sudden loss to your bottom line.
Mobile
Terminals
You can use
mobile POS and tablets which are convenient, portable and smaller rather than
having computer and other equipment which needs expensive repair and
maintenance.
Reconciliation
It is one of
the most tiresome tasks for managers at the time of closing. A POS system can
keep track on register counts at the end of the day and relieve managers to
focus on other work.
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Created on Apr 29th 2020 11:16. Viewed 124 times.