Point of sale or simply POS is the short abbreviation use for point of sale (location) or point of service mainly. Point of sale system or POS term is applicable to all types of businesses regardless of their sizes and types. Directly or indirectly point of sale system cover every business related person’s life because somehow all are connected with each other by buying goods for business. Point of sale system is a mainly combination of two components, hardware and software that manages the businesses. Point of sale system starts to perform various operations since computers start to store, analyze, capture, sales and purchase data management. There are so many benefits of using a point of sale system because it saves time and eliminate data duplication, increase efficiency. The point of sale system also manages inventory and provide detail analyzed reports to make better customer relationship management (CRM) services. In this article we will discuss with you top 25 advantages of Point of sale system.
Traditional way of selling goods totally change in the 21st century because web and mobile based point of sale system revolutionizes the life of peoples and businesses. First point of sale system was installed in 1970s in a stationary shop include a computer, peripherals (bar code scanner) and printer for receipt. Point of sale system main component is a computer and term peripheral is refers to the hardware devices attached with computer like mouse, keyboard and barcode scanner etc. Some peripherals are more specific to point of sale system like bar code reader, receipt printer, credit card reader and touch screens.
Different business sized owners from small to large ones use point of sale system for retail, hospitality, apparel, automotive, rental software, saloon, shoe store, sporting goods, veterinary, Gift shop, Mobile orders, Payment processing, Pharmacy, Rental Software, Cloud based Point of sale, E Commerce, Farms, Feeds and many more There are numerous advantages of using a point of sale system.
Advantages of Point of Sale System
Advantages of Point of sale system are countless for small, medium and large sized businesses. Here we are going to elaborate top 25 advantages of point of sale system and how it benefits your businesses.
- Many point of sale system are available in the market, choose very carefully best suitable for your business. Point of sale system are needed to be faster, easier and cheaper to install.
- Deployment of the point of sale system is needed to be simple.
- Point of sale system eliminates human errors and save money in the long term.
- Point of sale system peripherals bar code scanner facility makes transactions execution quick and save customers precious time.
- In a web based point of sale system installation is almost zero percent is necessary.
- Web based point of sale system is hosted by a third party so installation at the user end is not necessary.
- Web based point of sale system gives you the freedom of to not worry about software updates, backups and dreaded system reconfiguration.
- For a typical point of sale system business owners required to pay up for the front software and hardware devices. In addition, typical point of sale usually includes software updates, maintenance, and technical support charges also.
- Point of sale system help you to track and manage your inventory in real time. You can see numbers of items remain in stock easily and can order quickly how many items are needed.
- Point of sale system monitors your sales records and alert you when stock is running low.
- Point of sale system reduced paper work by automatically generating accurate reports. Instantaneous updates in sales and purchase records hourly, weekly and monthly gives you a better idea of how your business is doing.
- Point of sale system keeps accurate record of daily transactions and report about the volume of the stock.
- Point of sale system allows you to categorize your stock items into multiple subfields as per your company requirements.
- Point of sale system makes better CRM (Customer Relationship Management with your customers. You can easily find out a record of a single customer or multiples. So customers can easily return their purchase or exchange with in no time.
- Point of sale system simplifies the accounting processes and like old fashion ways you don’t need to hire a number of accountants to maintain thousands of transactions.
- Point of sale system makes it easy for you to look up past transactions. You can easily see record of any past transaction information within a snap.
- By using point of sale system you can automate the ordering process in case to never run out of your hottest selling products.
- Point of sale system is faster from authorizing a credit card transaction to printing a customer receipt.
- Customers can receive more detailed itemized receipt of the items they have purchased just because of the point of sale system.
- Point of sale system cut down the chances of user errors because the software has built in checks to ensure that the information entered is accurate and correct.
- The point of sale system allows you to add promotions and discounts on the products.
- Point of sale system modules allow you to control all sales & return operations, products bundling, promotion discounts, sale transactions, CRM, inventory management, customer credit card information privacy, labor working hours and shift management.
- If a company is running various promotions on different locations you can see that how much successful they are going using point of sale system.
- Point of sale system provide of side access so you can manage your business via internet from anywhere anytime.
- Point of sale system helps companies to identify the gap so you can manage or plan new strategies to achieve your set goals.
SolutionDots provides best Point of sale software’s in Saudi Arabia and world widely. If you want to switch your business to an ERP (Enterprise Resource Planning) POS (Point of Sale) system feel free to contact with us. SolutionDots listen the customer’s objectives and aims. SolutionDots team develops a strategic plan that works for you and come up with inspirational creativity with WOW factor. The company never forget about Client Confidentiality and Privacy that’s key fundamentals of our company & to our customers. Our company is providing best point of sale software for small to large sized businesses as well.