The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
The retail industry has now become more intelligent because of the learning experience every business owner has gotten during the pandemic. There have been additions like payments being linked to loyalty systems and a few other modifications like adding more personalized data from customers. Combining all of these, the personalized data and experiences can help boost repeated purchases and also promote loyalty.
Ok now with all this information on hand, how can a multi-branch business leverage this? Yes, there is POS retail for stores but the main concern right now is that many retailers have no centralized management system for their multi-location businesses.
Getting data from these systems is essential yet many retailers still have decentralized POS systems, meaning there is one or an independent POS retail for every store. These POS retail systems are not connected nor integrated with the other stores belonging to different locations.
This makes data collection and analysis much more difficult and hinders the ability of a retailer or a restaurant franchise to utilize data from POS retail to their greatest advantage.
Are you having difficulties now? Is it too time-consuming to look into another branch or franchise data? Are you limited in your strategizing because of the decentralized system? When will you be able to access all this, one time big time?
Now is the right and the perfect time to upgrade your POS retail system. All the elements can join together to create a centralized managed system that can support your company’s vision for the future of your retail or restaurant business.
Why use a centralized management system for your multi-location businesses? Some of the benefits are listed as follows:
With a centralized POS management system, retailers and restaurants have at each location POS retail which is correctly connected to the central server of the main or central POS. The main or central POS, (some would call it a Headquarters or HQ POS) is further integrated with the financial system.
These systems are connected all together to be able to give the main office POS or headquarters real-time reports on customer buying trends, workforce management, inventory, and other costs throughout the company. This will include other entries like food waste, employee meals, depreciation of fixed assets, and more.
It also provides in-depth customer shopping information, likes, and preference information of customers. This can be a great leverage in keeping the relationship going, by adding loyalty programs and more!
In a nutshell, having a centralized management system helps build a strong database for the much-needed data you need to compete in the market and can be made useful in the future.
For every company that deals with the production and sale of goods like retail shops and restaurants, inventory tracking and planning are essential. Inventory planning is all about monitoring stocks and quantities of available items. It gives an idea of which ones move faster or slower and when certain stocks need replenishment. With a centralized management system, you are assured of sufficient inventory all the time among all multi-branch stores.
Centralized POS management systems enable one to look into sales trends. Based on these trends, promotional offers are now being concocted to suit the desires of customers from all branches.
With a centralized management system, there are real-time reports made available anytime. You can have sales reports from the multi-branches and you can determine which location sells the most and which one has the least. It also monitors the time as to what are the hours when the influx of customers is greatest or when it is least.
Such reports help you in developing sales strategies that are needed to boost sales and promotions.
Bill of materials represents the list of products and the quantity needed to complete a final product. This means that restaurants and retail stores with multi-branch locations always have this record. Daily sales and turnover forms are important, but what is also more important is the record of goods sold against the ones not sold. This ties up quite significantly with inventory planning. If you do not have inventory planning, most often, there will be discrepancies in the number of products recorded on the balance sheet, giving erroneous data that can be detrimental to the business.
You see, there are a plethora of reasons why you need to implement a centralized management POS system with your multi-location businesses. Everything should be in harmony. All branches are to be connected. With improvements in integration, and data processing speed, now is the perfect time to evaluate your current POS retail system.
Physical stores need a good location to store transaction cash and data, and that’s what EasyPOS does for you.
No need to micromanage your store’s transactions. Our system, when integrated with easyFS, makes it easy for you to view live reports on the cloud!
Keep transactions running smoothly with multiple staff access. We make security and accountability easy with our POS system.
For a free demo: 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).