Is acquiring POS System an Investment or Expense?

More 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 Though old methods are tried and tested, but they are keeping you lagging behind and outdated.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.