The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
A centralized Point Of Sale or POS Management System is the latest technological trend that provides retailers with POS retail stations that link to a central server. These systems are interconnected and provide real-time reports of sales, expenses, labor, inventory management, tracking, and also valuable data on consumer purchasing patterns.
POS technologies now have evolved rapidly and have changed for the better. Mobile, wireless, cloud, and new payment types like Paypal, and mobile apps like Paymaya, GCash, and others are causing significant changes in retail POS strategies.
Retailers are competing with one another and information gathered from customers becomes crucial as retailers’ main goal is to get close and be in touch with customers and to get a better understanding of their preferences and buying habits. POS retail systems are here to stay, constantly improving by the day.
POS retail systems are also helpful in consolidating data and information giving details on purchases made, and which particular branch it was bought from (from either online or offline). And not only that. It also gives the retailers an idea of the likes, dislikes, and interests of customers.
So why do retailers need a centralized POS management system?
1. It provides great and useful insights about customers across all branches.
As mentioned, the systems that are connected provide access to real-time reports on consumer patterns and consumer behavior. They also offer reliable consumer buying and preference data, which can help to improve the overall shopper experience by implementing loyalty and rewards programs for loyal customers. Because customers need to be pleased and because they want to feel that they belong and are a part of their favorite retail store, they expect more personalized service with promos and product recommendations. With the insights from the POS retail systems, the retail chain owner and management have a competitive edge over their competitors.
2. Big Data Synchronization
Without a centralized POS management system, retailers had a difficult time accessing analytics, dashboards, and reports. Systems were decentralized and were entirely working independently. Nowadays, retailers can evaluate business performance much more easily with synchronized and unified POS retail data. Retailers can now see the bigger picture and now view information from across multiple locations and at any given time.
3. Capital Expenses Reduction
For businesses with multiple branches, having a central POS management system from among POS retail systems cannot be overemphasized. Improving and expanding networking POS retail systems results in more streamlined equipment and more straightforward integration. Since many parts of the system can be jointly and systematically connected, the costs of some parts and hardware as well as maintenance can be lessened. This results in a general reduction in capital expenses. Of course, when expenses are reduced, there is more savings in the end.
By using a centralized POS management system platform to connect all POS retail systems from different locations, retailers can now make plausible improvements to cater to customers’ needs for various retail channels or payment forms. This time, whatever the customer’s needs are, they can now be met, whether at the moment or in the future. Implementing mobile payments, and centralized and automated software allows more convenience for each retail location, eventually helping save some unnecessary costs that will be incurred in the future.
BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.4. More Pleasant Shopping Experience
With a centralized POS management system, you can serve your customers from anywhere at any time and from any location. Whether online or brick-and-mortar retail stores, customers expect the same great shopping experience, regardless of the platforms they use. Purchasing from one platform and paying through another must be smooth for all parties involved.
Moreover, if you have a product being advertised online, all the more this should also be available in your retail store. This provides your customer with a more pleasant shopping experience while also promoting the brand you’ve worked so hard to create.
Retailers definitely need a centralized POS management system. It is key to success in today’s technological world whether in retail, restaurant, or franchise businesses.
5. Time Savings
With a centralized POS management system, payments become very easy as the customers get tired of queueing and don’t have to stand in line. To make it easy for customers, mobile payments are encouraged. The staff gets to spend some quality time with them and also serve them better. Self-service options also offer a smooth experience.
With this, you need to have a dependable provider of a centralized POS management system. EasyPOS is the up-and-rising POS provider that helps retailers maximize their full potential. Integrating EasyHQ with BIR-accredited EasyPOS, retailers can now monitor in real time the performance of their various branches.
EasyPOS sets your establishment the right way by helping you manage day-to-day transactions on the dot.
- Integrates seamlessly with EasyHQ, the multi-branch sales performance consolidator of EasyPOS;
- BIR-accredited;
- Customizable restaurant setups, from menu items to table groupings;
- Complete sales and inventory system with item components for backflushing inventory; and
- Unlimited discounting, Multiple price levels, Unlimited pay types, e.g., Cash, Credit Cards, Gift Certificates, etc.
Book a free demo now and see how things will go in your retail or restaurant chain. https://human-incubator.com/easy-pos/
BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.
