The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
Is a retail POS system worth investing in?
It doesn’t require a big amount to have one especially when you are still starting out.
If a retail POS system can save you some money in the long run, it could be one of your most valuable assets!
While it is good to understand what a retail POS (Point of Sale) system is, it is better to also comprehend what it provides and how notably beneficial it is to the business.
A retail POS system needs the software and hardware to run.
The hardware part of the POS would include a computer, a physical terminal, a scanner, a printer, and other devices to operate the point-of-sale software.
On the other hand, the software tracks and organizes the data generated by your business.
With all this, investing in a POS and inventory management software brings many benefits to your business.
There are a plethora of benefits to investing in a retail POS system.
In a nutshell, a retail POS system can significantly simplify daily business operations and in many instances can even be revenue-generating.
Here are some reasons why it would be a great idea to invest in a retail POS system.
A retail POS enables one to consolidate and record all the invoices.
There are several kinds and categories of invoices and it is helpful to be able to determine which one is which.
Invoices from the sales are the most generated but there are also other invoices like rentals, repairs, consignment payments, and others.
A POS and inventory software simplifies the invoicing process thus helping the accounting department.
A retail POS improves and helps make payments faster.
It hastens the process of buying and selling and it automatically computes the prices.
Completing the sale is also done quickly because of the integration of the retail POS with all the rest of its component parts.
Payments made, through cash, credit, or debit card are seamlessly accepted and processed.
A POS and inventory software makes it convenient to keep track of your inventory levels.
It allows you to manage your inventory in real-time and to know the number of stocks you currently have and the stocks that are slow-moving over a period of time.
By having a retail POS system, it is definitely easier to record your customers’ information into your system.
The information would include the name, phone number, purchases, e-mail, etc of the customer.
Having records of customers can enable you to better understand them and have a good grasp of the profile of your customers.
With this, it would be smarter to email and send promos and other incentives to keep their loyalty sealed with the company.
Having proper customer service information management allows you to thoroughly understand your target customers and make better business decisions.
Purchasing items, stocks, and most especially equipment for your business is essential.
This is why a retail POS system is indeed very helpful to efficiently manage your purchases from your suppliers.
It allows you to monitor orders placed.
Another significant thing about having a retail POS system is that it allows you to determine and plan out what to purchase in the future as well as the minimum amount of items to be ordered for sufficient supply.
A happy and pleasurable customer experience is not achieved overnight.
It is built by establishing a good relationship with the customer.
Consumers become satisfied when they experience good service, increasing their trust and confidence in you.
A retail POS will help you improve your customer experience.
Why invest in a retail POS system?
The many benefits of having a POS sales and inventory software has been enumerated for you.
A retail POS is an asset for your business!
If you are in the Philippines, here is the best POS system for you, EasyPOS.
EasyPOS sets your establishment the right way by helping you manage day-to-day transactions on the dot with the following benefits:
To learn more about POS and what it offers, you can book for a Free Demo now through : https://human-incubator.com/easy-pos/
EasyFIS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.
On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.
Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.
But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.
EasyPOS is a standalone Sales and Inventory system designed for businesses with Physical Stores and does not necessarily need an Internet or cloud solution.
The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.
It already has a complete Sales and Inventory system with Item components.
Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).