Whether you are an experienced merchant or just starting a retail business, you need to choose the right POS system. A POS is a central component and it is more than just a way to conduct transactions. An ideal POS system can ease and merge important business functions and provide the right stream of data that can be used to make informed decisions. Here are some of the features of POS system to look for –
Compatibility and Setup Cost
The cost of running POS is quite low but the initial cost may be more than expected. You need to invest in a POS program along with new barcode scanners, cash drawers and other hardware, unless you choose the POS which can support your existing hardware.
Consider the features you need
POS systems are used in several businesses, whether salons and cafes to retail stores and gyms. The features required by your business are quite different to other merchants who may need POS. You have to choose the system with all the right features to make your business grow. You may list down all the features you need the most and use it for your search.
Find out if you need cloud-based POS
A lot of businesses are moving to cloud based POS. Unlike traditional POS which are based on servers either at company locations or physical locations, cloud POS can store all the data in the cloud. This way, you can access the data on the go from a digital space. You just need an internet connection. Some people worry about security. The fact is that data is encrypted on the cloud.
Retail businesses are known for heavy staff turnover, especially in festive seasons. They usually add temporary staff to deal with increasing demands. However, training is a main turnoff as experienced teams have to be taken off of their common duties to train newer teams. So, it is vital to look for a retail POS which offers a lot of training materials and which is user-friendly as well. You can make the training process smoother and speed up the new staff in no time.
Usability of desired POS
A business cannot invest in a POS system which is not easy to use. So, it is very vital to look for the one which can be used on a daily basis without having to read a manual. It should be able to improve productivity. It is very vital in stores and fast-paced environments which have higher staff turnover.
Helps in Business Growth
You may be comfortable with your old store but you never know whether your business will grow like your rivals. There is a limit set by some POS systems for the number of registers and outlets that stores can use. It means there is a limit on the growth for your business before investing a significant amount on a whole new POS. So, it is better to look for a POS system which is flexible enough to meet the needs of your outlet and help you in growth from scratch.