Posted by Alexis Bell ● Apr 5, 2019 4:03:37 PM

Seven Factors on Choosing a Point Of Sale for your Business

Every business, small or big, e-commerce or offline stores need the right POS, or point of sale system, which not only helps with sales, but also gives crucial insights into the different aspects of your business. If you’re bogged down by complicated terms and want to simply understand what the best for your business is, then you’re in the right place! Here are a few tips on how you can maximize the value of your POS System.

1. Cloud based system

Whether you’re vacationing, or working from home, the cloud based system gives you easy access to the back-end operations of your business. All you need is a laptop and an internet connection and you can manage your business from anywhere in the world. With a POS system you have access to reports, inventory, sales, returns, and much more without browsing through account books or being physically present at your store. An additional bonus is that your software gets updated wirelessly, so you don’t have to periodically invest to upgrade your tech. A huge savings if you’re a small business owner!

2. Legacy system

Legacy systems are traditional POS systems that work on an internal network thereby giving you reliability and security. So even if your internet is down for the day, you can continue to smoothly run your business since this system relies on the internal server and not the internet. The hardware although is bulky, is durable and sturdy, while hosting robust features. While choosing POS systems for your business make sure you know the ins and outs of both cloud based and traditional POS systems.

3. Error-proof Reports

POS systems give you detailed reports that help you better understand the nuances of your business. Whether in terms of sales, managing inventory, which product is doing well, what are your customers looking at, which staff is performing better and who needs more training, and what your busiest times are - you get reliable data that you can easily understand and translate into a strategy to improve your business.

Instead of manually keeping record of these minute details, which will get impossible after a certain point in your business, a POS system will automatically generate error-proof reports, so you can focus on building your brand, keeping your customers happy and taking on the world!

4. Proprietary hardware

Depending on your business, you can also customize and own proprietary hardware to complement your POS systems. When you choose and buy the right POS system, you can also pick the hardware you’ll need to efficiently run your business. Every business is unique, and so are their requirements. Irrespective of retail, restaurant or hospitality, you can have personalized software and hardware solutions to meet all your business demands.

5. Credit card processing

While we’re talking about nifty tech to get the job done, payment is an integral part of it. Billing is a lot easier, efficient and productive when customers pay by card. And a lot of customers prefer this method, because it’s completely hassle free, and, let’s be honest, no one likes carrying a big wallet. A POS system when integrated with your new or existing payment processer makes transactions faster, safer and accountable. You can accept credit, debit, and even mobile payments with the help of a POS system. We don’t know about you, but we’re pretty sure customers love options!

6. Out of the box options

Usually, POS systems encompass almost everything a business might need. But in the case it doesn’t you can always speak to the representatives, and have various platforms integrated with your business to create one unified hub for your business. With POS, its’s never a ‘one-size fits all’, it is truly about customizing what your business needs and working to build exactly that.

7. E-Commerce Integrations

We’ve save the best for the last! If you’re planning to set up an online store, talk to us! Not only can we save you the trouble of picking the right POS system for your business, but we also help customize it by connecting and integrating different platforms that you need to help run your business. So whether it’s integrating your POS with WordPress to create your e-commerce business or merging your online and offline business to make it a seamless entity, if you can imagine it, we can make it happen!

In this day and age where technology dictates every aspect of our lives, it’s impossible to side-track it when it comes to operating a business. With Business Process Automation (BPA), you no longer have to labor through account book, or manually take stock of the inventory. BPA does all that and more! Want to know more about it? Read here: https://www.punkpos.com/blog/what-is-business-process-automation

Topics: Business Process Automation, restaurant, retail, pointofsale, integrations