Revolutionise in-store experiences using Retail ePOS Systems
An electronic point of sale system (or ePOS system) is an electronic way of letting your customers pay for goods or services through specific ePOS software and hardware. Unlike traditional POS systems as described earlier, they mostly operate online, where they store information securely in a cloud.
Retail ePOS systems essentially join up back-office and shop-floor operations to create a streamlined retail management system. They go one step further than POS systems and depending on your business needs, they can help speed up processes such as accounting, stock management and sales performance anytime which are all vital in retail.
They can also assist with capturing transactional data, and create reports on your sales and products from the data captured. They also allow you to track and monitor your business’ performance from one secure place.
Retail ePOS systems allow you to do all of the above by integrating with several different types of devices, such as touch-screen tablets, computer keyboards and shop barcode scanners. They are also user friendly, meaning that with only a few minutes training, you’ll be able to get up and running with the system.
Key benefits of retail ePOS systems include:
EPOS systems hold real-time inventories, so you can perform a quick stock search on the shop floor. You can also order items directly from your supplier, and explain to your customer when their purchase will be available for collection.
A good ePOS system gives you an accurate picture of your stock levels in real time at any time. This helps you to minimise sell-outs and ensure you’re not holding more stock than you need.
ePOS systems record every transaction in great detail. You can use this information to identify shopping trends, allowing you to tailor your business accordingly.
ePOS systems allow you to manage and monitor staff schedules and rotas. A staff member can sign in for work using a code, a card or a fob, and the hours worked can be fed into a payroll system for automated payments.
The latest ePOS systems are linked to accountancy software and can assist with managing invoices, bill payments, payroll, expenses etc.
If your business experiences very busy periods, cash can build up quickly on the shop floor which can be a risk. An EPOS system can help by providing you with a cash report at any time of the day — letting you know exactly how much cash should be in each register’s drawer.
In today’s world not everyone wants a paper receipt, which is why the latest ePOS technology can send a digital receipt to an email address.
With a huge number of reports available you can identify trends and consumer preferences that can be used to drive effective marketing and advertising strategies enabling you to reach the right people.