Why POS is better than a Cash Register System?
Whether operating at a small scale or a larger one, a retailer needs to maintain close vigilance on the finances and profitability of their business.
This is where Business Management Systems such as POS Systems or Cash Registers which are cash management tools are essential.
However, the real deal breaking question is what’s the difference?
Cash Register System
Cash Registers are a 100 year old technology still have their place, they are good for adding up sales per day, and giving a departmental breakdown of sales, but don’t provide any stock management or profitability reports. If you have a business that requires a whole lot of manual input and time consuming processes the cash register is for you.
Point Of Sales System
IDEALPOS systems provide intelligent information based on Product, Barcodes, Departments, Suppliers, Customers, Profitability, Growing your business, Reducing Costs. controlling staff theft. All the things that make sense for any business.
IDEALPOS systems also enable reduction in staff levels due to its ability to run on portable devices, print to Kitchen Printers or stock loading areas without having staff needing to run backwards and forwards. Also POS systems can Link to WEBSTORES and manage the stocklevels and pricing across locations.
IDEALPOS systems also Integrate into EFTPOS , Printing services with Barcoding and RFID. this improves accuracy within a sale and allows you to be certain that the Price is correct and the stock is being sold correctly maintaining stock levels accurately
Keeping up with the Customers
One of the essential elements of running a retail shop is to store in all the customer information, their purchase history and the current purchases they made. A cash register fails to do so. IDEALPOS systems have added benefits because it sets reminders according to customer’s purchasing history and notifies your customers automatically as well. In case a customer wants a refund or exchange, this system allows the retailer to identify them as authentic as well.
The IDEALPOS system is directly integrated with your financial management software. This makes IDEALPOS quite an efficient device as it transports the necessary information regarding the revenue and inventory data which allows you to generate annual reports. However, even within the system, you can keep tabs on the monthly and even daily patterns of sales, which gives retailers an idea of what product fits the need according to the time or season of the year.
This brings us to the next most important factor of retailing business- stock management! IDEALPOS system’s advanced technology, unlike that of a simple cash register, keeps track of the leftover inventory, notifies for restocking and is capable of creating a COGS report itself.
Looks like it’s time for you to get a POS System for your own shop! Hit us up at MCR POS System Solutions and get yourself one now!