The retail sector is speedily growing in India, yet you’ll see your local shop owners complain a lot about their business taking a plunge. These unfortunate businesses belong mostly to the unorganized section of the sector, which the spirit of digitization still has not touched.
Looking at their better and developed counterparts, you’ll see that they have a system in place, software that aids them extensively. Ask them and they’ll tell you it’s a point of sale software.
Why use Point-of-Sale software?
With such accounting software, business owners will not have to worry about their billing woes. They can drastically cut down on unnecessary expenditures and time-consuming tasks. There are various advantages of POS software. Here are some of them:
Looking at their better and developed counterparts, you’ll see that they have a system in place, software that aids them extensively. Ask them and they’ll tell you it’s a point of sale software.
Why use Point-of-Sale software?
With such accounting software, business owners will not have to worry about their billing woes. They can drastically cut down on unnecessary expenditures and time-consuming tasks. There are various advantages of POS software. Here are some of them:
Speeds up billing by billing software
Integration with POS device gives the software the necessary boost to hasten to the bill. Instead of counting change, the customer can swipe his card on the device and let the charges be deducted directly from his/her bank account. The auto-complete feature finishes incomplete sentences and words entered by a user in the search query to find products fast.
There’s also the specialty of intuitiveness associated with some Point of Sale software. Say you bill someone buying a loaf of bread. The software will provide suggestions of products that a particular customer is likely to buy with the bread, based on his transaction history.
Integration with POS device gives the software the necessary boost to hasten to the bill. Instead of counting change, the customer can swipe his card on the device and let the charges be deducted directly from his/her bank account. The auto-complete feature finishes incomplete sentences and words entered by a user in the search query to find products fast.
There’s also the specialty of intuitiveness associated with some Point of Sale software. Say you bill someone buying a loaf of bread. The software will provide suggestions of products that a particular customer is likely to buy with the bread, based on his transaction history.
Reduces efforts
This characteristic is obvious. Typing a word on the computer takes half the time it takes writing it on a paper. Moreover, there are rare chances of making a mistake. If an error is made, it can be rectified cleanly, unlike on paper.
When you add a huge number of different products with distinct prices, calculation of the grand total with the products’ varying GST rates can become really tough. A lot of miscalculations are also possible, which can throw off the business from its tracks. The sale software cuts down that difficulty as it seamlessly calculates the total, GST rates included.
Simplifies tasks with touchscreen
Touchscreens are a must if you are involved with an F&B business or an FMCG organization, where products are distinct and easily identifiable through pictures. A touchscreen removes the need of typing into a keyboard. Instead, users can select a certain product by quickly tapping onto its picture. If the stock is too big, the user can tap in the product code to narrow the search.
The above features are quite handy when one has to clear billing in a fraction of a minute. Point-of-Sale counters require such a small window of billing, which is why most of the POS system software comes with touchscreens.
Provides analytics
It is important to know where your business is going. One needs to know the percentage of the company’s losses, the vitals of its operations, and the comparison of profits made, in contrast to previous financial years. Analytics is essential to measure the success of a business. A Point of Sale software can provide the same.
Parallel workflow
Using manual billing methods, billers are unable to track the amount of a specific product left in the inventory. This is why they sometimes generate a bill for a product that they do not have, attracting the customer’s ire in the process. Using POS software, they can keep track of the quantity of a product left in the warehouse, in real-time.
Your business will change
To conclude, your retail business will see changes immediately once it starts using Mr reporting, payroll software, Inventory software. The instant card-swipe payment advantage is obvious, but business owners often miss out the benefits mentioned above. Digitization is imperative if a business wants to move forward.
This characteristic is obvious. Typing a word on the computer takes half the time it takes writing it on a paper. Moreover, there are rare chances of making a mistake. If an error is made, it can be rectified cleanly, unlike on paper.
When you add a huge number of different products with distinct prices, calculation of the grand total with the products’ varying GST rates can become really tough. A lot of miscalculations are also possible, which can throw off the business from its tracks. The sale software cuts down that difficulty as it seamlessly calculates the total, GST rates included.
Simplifies tasks with touchscreen
Touchscreens are a must if you are involved with an F&B business or an FMCG organization, where products are distinct and easily identifiable through pictures. A touchscreen removes the need of typing into a keyboard. Instead, users can select a certain product by quickly tapping onto its picture. If the stock is too big, the user can tap in the product code to narrow the search.
The above features are quite handy when one has to clear billing in a fraction of a minute. Point-of-Sale counters require such a small window of billing, which is why most of the POS system software comes with touchscreens.
Provides analytics
It is important to know where your business is going. One needs to know the percentage of the company’s losses, the vitals of its operations, and the comparison of profits made, in contrast to previous financial years. Analytics is essential to measure the success of a business. A Point of Sale software can provide the same.
Parallel workflow
Using manual billing methods, billers are unable to track the amount of a specific product left in the inventory. This is why they sometimes generate a bill for a product that they do not have, attracting the customer’s ire in the process. Using POS software, they can keep track of the quantity of a product left in the warehouse, in real-time.
Your business will change
To conclude, your retail business will see changes immediately once it starts using Mr reporting, payroll software, Inventory software. The instant card-swipe payment advantage is obvious, but business owners often miss out the benefits mentioned above. Digitization is imperative if a business wants to move forward.
