The right pos system gives your business the tools it needs to succeed today and in the future. Whether you need basic transaction processing or advanced features such as loyalty, appointment scheduling or inventory management, a good POS system will make it easy for customers to pay the way they prefer, improve your employees’ efficiency and help you drive sales.
POS systems typically consist of software and hardware that makes running your business easier and faster. The hardware includes a touch-screen display that lets your staff navigate the software and a payment terminal so customers can pay with credit cards, tap cards, debit, loyalty points or cash. Some POS systems also include barcode scanners, receipt printers and cash drawers to streamline the checkout process.
Streamlining Sales and Boosting Profits: The Benefits of Implementing a POS System
A key feature to look for in a POS system is a customer relationship management (CRM) tool that’s tied to the software. This will let you keep a record of the purchases your customers make and when, which allows you to personalize your marketing and service. You may want to consider a POS system that lets your customers add tips, which can increase the likelihood of them tipping and improve your bottom line.
In addition, a good POS system will be secure, which is especially important for merchants that sell online or in multiple locations. Look for a POS system that uses encryption, whitelists applications and automates security updates. Many POS systems also offer multi-store network management, which is ideal for franchises, buying groups and corporate networks that need to manage their store locations in a central location.