What is this virtual PoS software? Why are so many businesses using PoS systems? These are questions that have been asked by many budding entrepreneurs. Believe it or not, PoS, or Point of Sale, systems are a fairly recent addition to an ever-growing list of business tools designed to boost productivity in today’s changing marketplace. Here are six big reasons why you should make the switch if you haven’t done so already.
Freedom of Movement
Many modern PoS programs on the market are cloud-based, which means you can access your data on any device that has an internet connection, even if you’re away from the office or on vacation halfway around the world.
This gives you the freedom of movement you simply cannot get through “traditional” solutions, and this is a big reason why PoS software has become a large part of modern business management.
Streamline your Sales Process
Point-of-sale programs often offer tools for improved customer service. Representatives can assist customers in real-time, often with a simple click of their mouse, and there are also tools that can help customers find what they need by themselves.
Faster Inventory Tracking
If you own a business with multiple locations, such as a supermarket, department store or electronics store, PoS systems can help you manage inventory across all locations at once. You can remotely monitor which popular items are out of stock, and order new stock in mere seconds!
Here’s another useful tip: You can also use this information for market research. You can see which products are popular, and adjust your stock to better meet consumer demand.
Faster Returns Process
When a customer cancels an order or returns an item, the return is easily processed through the PoS system, the purchase price is automatically refunded to the customer’s credit or debit card, and inventory is automatically updated to reflect the change. Restocking fees can also be applied to the order if you so wish, and the fee is automatically deducted from the refund.
Enhanced Data Security
Many people are worried about the security of their data when online shopping. Most PoS systems have some sort of encryption, usually 256-bit encryption, built-in to make it more difficult for hackers to steal your customers’ personal information or compromise your business.
Prepare More Complete Reports
Most Point-of-Sale systems also have tools that help you create very detailed sales reports. You can keep tabs on such things as inventory, profit margins, number of units sold and other pertinent information.
Conclusion
As you can see, it’s not difficult to imagine how the right Point-of-Sale system can boost your overall productivity in today’s changing business environment. These systems are extremely versatile and allow you to manage your daily operations faster and easier than was ever thought possible.