The business world of today is much different than it was just a few short years ago. Since the advent of the Internet, advertising has become easier than ever, and, if you’ve played your cards right, you’ve likely noticed an influx in business. While this is great news, if you’re using an outdated sales system, you’ve likely run into problems that can hurt your business. There are a number of benefits to be reaped by investing in a point-of-sale system.
Rather than requiring your staff to punch numbers into the cash register or rely on their memory to recall the cost of your inventory, a point-of-sale system stores this information electronically. By simply scanning each item, the total amount due will automatically be calculated and displayed. This can save your business from losing hundreds of dollars from simple mistakes such as miskeying item codes or misremembering prices.
Analyze Your Inventory
As a business owner, you understand how crucial it is to perform a regular inventory. Theft occurs, items are recalled, and your stock can run low. And you know how time consuming it is to make these determinations. A POS system will help you better manage and analyze your inventory by automating the inventorying process and providing alerts when stock is low. Automation allows you more time to actually run your business.
Expand Your Business
Expansion is an exciting thing; opening new locations is a big deal for business owners. With new stores, however, come new challenges. Managing multiple stores is a complicated task. This is another area where a point-of-sale system can offer you the solution you are looking for. The terminals that make up the system can be networked. This means that whether you have various locations or are adding new offices to your current building, your system can tie everything together, offering you real-time information on any location you may need.
Unlike a simple cash register, a POS system can help you better manage and analyze your sales reports. Reports automatically collect and analyze information for you so you can make better business decisions in less time. Reports can be set to display a number of critical statistics:
- Items sold
- Time periods
- Item popularity
- Store sales
- Employee sales
Improve Customer Loyalty
Another benefit of POS systems is that you have more time to focus on building customer loyalty. The hours you and your employees save by automating tasks can be spent with your customers. POS systems also allow you to create, launch, and track customer rewards programs to encourage repeat business.
Interested in Buying a POS System?
HMS offers POS systems with these features and more as part of our credit card processing program. We supply the tools your business needs to reach its potential. Contact a sales representative for more information: