What is a POS system?

A POS system is a critical piece of a point of purchase that gathers all your company data on sales, inventory and customers. The physical store will calculate the amount owed by the customer and prepare an invoice for it. After receiving the payment, the cashier may issue a receipt for the transaction. The right POS system which caters for the needs of your business will have various benefits to help in managing your day-to-day sales and inventory.

Save time and money with your all-in-one POS system

The system itself could help in reducing the number of operations such as inventory management, insisting on orders, purchasing, customer management and so forth. It also provides streamlined real-time business transactions which can save time. The features will assist in multiple management tasks and reduce workload.

24/7 access to data

There are cloud-based POS systems and also on-site POS systems with local servers. On-site POS systems may come with various risks such as data loss and inability in tracking real-time inventory that are available. On the contrary, cloud-based POS enables you to keep in track of your data anytime and anywhere by logging in to a registered administrator account with better protection. In the long run, the data may even be protected from any kind of natural disasters which may happen such as fire or even flood that on-site POS systems may not be able to withstand.

Increase customer loyalty

With the POS system’s Customer Relationship Management feature, you are able to determine your new customers and most valuable customers. As CRM is part of the feature in the POS system, you are able to create memberships for your customers which enable you to view customer’s purchasing history, birthday list and membership expiry date as well as renewals. Moreover, you are able to also implement promotions and sales such as discounts or vouchers with predefined conditions set on the system and create a bundle product for a certain item with a discounted price through the inventory management, hence fully utilizing the CRM function to also notify your loyal customers regarding the ongoing promotion.

Better company organization

A POS system that suits well could be a great assistant in making your business more organized by being more productive and more fluid communication with internal employees and on-site or online stores. Every member of the network will be able to receive the same information, ensuring less communication and human error.

Netiquette provides a powerful Retail POS System for retail stores with the ability to sync sales and inventory data in real-time across multi outlets. Netiquette POS system can be combined with an accounting and inventory system to keep track of your inventory movements, supplier/customer information management, and monitor sales performance and profit margin. Sign up for a free trial today!

To know more, visit here: https://www.netiquette.com.sg/