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.
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
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-
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
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
Everything is accounted for and everyone is held accountable.
Closely watch your business with CCTV integration.
Access it remotely from anywhere and anytime. As a business owner, isn’t that good
Sales, Profit and Margin analysis reports.
Promotional loss reporting.
Income & variance.
Hourly sales 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