Articles

Essential Features of a Good POS System

by Sarah Milon POS Developer
A Point-of-Sale (POS) Transaction is what takes place when a customer makes a payment in order to purchase a product or service. 

Essential Features of a Good POS System

Sales Reporting

Sales Reporting enables you to capture and analyse your retail business’ sales data. It allows you to see concrete information regarding the sales of your products, which lets you analyse which products are doing well. This can help you make better marketing decisions to better sell these products.

Sales Reporting allows you to see a complete snapshot of your entire operation. Removing the guesswork can help you identify opportunities you may have missed out on so that you can focus on these profitable areas which were lacking in your operation earlier.

If you are an owner of a business, cloud POS solutions can allow visibility into your entire operation from anywhere through your mobile device.

Inventory Management

Inventory Management allows you to automatically keep track of the complete catalogue of items your retail store has to offer.

Managing your stock efficiently according to the requirements of your business is very important to ensure you don’t lose money where you don’t have to. Reordering stock based on how quickly your stock clears for a certain item will allow you to utilise your warehouse efficiently. Since your stocks are also being kept track of automatically, a lot of the redundant work such as manually counting stocks can be eliminated, allowing you to save time and money.

E-Commerce

Webstore

E-Commerce Services enable you to sell your products online, opening another stream of income to your retail store.

A good cloud POS system will either offer E-commerce services as part of their package or allow you to integrate with other e-commerce platforms of your choice. Having an e-commerce store has become a necessity to remain competitive in today’s market, especially with the Covid-19 pandemic where online orders have skyrocketed. Your physical store, and your online store must work together to bring in the most sales possible and some POS software has features in place just for this.

Feature Complete POS

The POS is where the customer makes the payment to purchase your product. A good POS will do much more than just accepting the payments. All the tedious processes such as manually looking up an item and checking prices should be eliminated removing all chances of human error. Finding what you need at the click of a button increases efficiency thus further reducing costs. These features paired with the ones mentioned above remove all redundant processes which improves the profitability of your business.

Customer Management

Customer Management allows you to capture and analyse your customer’s purchase history. This is important because you can engage with your loyal customers on a deeper level, increasing the number of repeat buyers while creating ambassadors for your brand.

Customer management creates even more opportunity to boost your revenue by tailoring loyalty programs for your most valuable customers, so that they keep coming back for more. Identifying a loyal customer can create deeper bonds between your business and the customer depending on how they are treated at checkout as well.

What should you do next?

There are two possible reasons you ended up on this article. One is out of genuine curiosity and the other is because you are a retail store owner looking for the best POS system to take your business to the next level.

Our team at FI-ES Systems have been working tirelessly to create the ultimate POS system that addresses all the needs of you, our customers. Our cloud POS, IDZLink.com was developed keeping in mind all the potential requirements mentioned above. We have our own accounting module, so you don’t have to integrate with a third-party provider. We also have our on e-commerce webstore that gets automatically created and maintained for you depending on how you entered your items for the POS. All the essential features for a great POS discussed above is also present in our system and we are constantly looking for ways to identify your needs and address them. So, have a look through our demo after signing in, and try our free demo to decide if you want to proceed with us.

In case you were looking for an on-premise POS, you can have a look at FI-ES Magnolia, our Cloud ERP Solution that has been developing for over 2 decades now.


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About Sarah Milon Innovator   POS Developer

18 connections, 0 recommendations, 86 honor points.
Joined APSense since, August 5th, 2020, From Thiruvananthapuram, India.

Created on Sep 7th 2020 09:47. Viewed 406 times.

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