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If you are running a business, gone are the days of manual stock taking, using a basic till system and hand written receipts. Investing in a right epos system can transform and streamline your business.

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5 benefits of having an epos system

5 Benefits Of Having An EPOS System.

If you are running a business, gone are the days of manual stock taking, using a basic till system

and hand written receipts. Investing in a right epos system can transform and streamline your

business.

We have listed out top 5 benefits of having an epos system. Let’s have a look at the key points to

reduce expenditure and by improving operational frequency.

1) Stock Management

EPOS systems helps you with how much stock is sold, how often and what staff

members are selling the most.

You can have a real-time reporting at your fingertips, especially useful for multi-

channel operations.

You don’t have to wait to do a batch report at the end of the day.It’s that simple.

Quickly review current stock levels and easily identify areas where greater levels of

stock are required.

Also helps you in setting up low stock alerts, so you know when to re-order stock,

avoid running out of key items and disappointing customers.

Stock can be synchronised via one main system, which connects with your bricks &

mortar stores and online stores.

We can even integrate scanners, stock-taking handhelds and label printing with your

EPOS system too.

2) Reduce Fraud and Shrinkage

In inventory shrinkage refers to missing of your stock or unaccounted for you in your

restaurant.

It could be food wastage that goes unreported or a simple case of employee theft.

Either way, it affects your bottom line.

Record every transaction and keystroke with the staff ID buttons on your EPOS

system.

Everything is accounted for and everyone is held accountable.

Closely watch your business with CCTV integration.

access it remotely from anywhere and anytime

Access it remotely from anywhere and anytime. As a business owner, isn’t that good

to know?

3) Reporting

Sales, Profit and Margin analysis reports.

Promotional loss reporting.

Income & variance.

Hourly sales reports.

Staff reports.

Stock and order reporting.

4) Customer Management

Build a customer Database – Collect all customers contact details and get to know

their buying habits.

Targeting– Allow incentive offers to your existing customers. Consider adding

loyalty cards, gift cards and vouchers to your POS system. Targeted advertising offer

incentives to your customers so they return on a regular basis. Improve customer

loyalty and retention and ultimately increase revenue.

CRM – Customer relationship management tools helps in communicating with your

customers. Send letters, SMS texts and emails to keep in touch with customers.

5) Financial Accuracy and Cash Control

Simple and easy reporting: Allowing you to quickly and accurately reconcile your cash at

the end of shifts, immediately highlighting cash variances. Cloud based software help you

to access this information from anywhere.

Cash lifts: Set customized warning levels to alert you when to make cash lift.

Reduce pricing errors: An EPOS System ensure that these inconsistencies do not occur

and that the customer is always charged correctly.

Reduce cash shortages: If there is a cash shortage or an over ring at the end of the day,

you can drill down an audit level to investigate.

Avoid human error: Typing incorrect prices or using a wrong price sticker means loss of revenue

for your business. Scanning barcodes can eliminate this and save you money