If you are planning on opening a new retail business, you must make a decision related to point of sales systems. Namely, some of you may need one while others may need a few retail POS software/hardware systems. In addition, you may be tempted to try a cash register first. However, the truth is that there is more than one good reason why retail POS solutions are better than classic cash registers. We will analyze three of these reasons in this article.
Cutting employee/customer theft
We will start this list with one obvious advantage of using modern POS systems over cash registers. Namely, it is possible to witness employee or customer theft and these two types of theft can affect your business in a very negative way. Thanks to Point of Sale systems, it is possible to cut these cases of theft. For instance, there are situations when retail business owners suspect that a certain employee is stealing money directly from the cash register. If you have a good POS system, you can easily find a connection between the employee’s work schedule and the sales reports provided by the POS. By adding a security camera, you will make employee theft virtually impossible.
Identifying the business trends
Thanks to modern retail POS solutions, business owners and managers can get access to expenses and sales right away. This means that it is very easy to identify some trends. For example, you can find out which product is sold best at specific periods of the day or week. You can also find when and how customers use your coupons and codes. In addition, it is possible to check the performance of every employee without any hassles. If you find out these trends, you can easily improve your business. You don’t have to download data, enter information in spreadsheets and use special software for each operation. Everything you need can be found in a good retail POS system.
Taking care of sales incentives
Those who use retail POS systems known that it’s easy to take care of sales incentives with these systems. You can create and monitor a coupon campaign in a matter of hours. At the same time, you can also check the performance of all the employees. This is very important if you have offered a commission for these promo sales.