Top 5 Reasons Why POS is Better than Traditional Cash Register
POS refers to Point Of Sale, “A Point of Sale (POS) is the place where sales are made. On a macro level, a POS may be a mall, a market, or a city. On a micro level, retailers consider a POS to be the area where customers complete transactions, such as checkout counter”.
It can be used in hotels, stores, restaurants, malls, etc to automate processes like billing, inventory, cash management, etc. A POS can be used anywhere we complete transactions.
Nowadays it can be used in a store or over the phone/internet etc. It is basically considered the heart of the business.
If you still haven’t opted for a POS software solution then here are the 5 reasons why you should :
1. Easier and Faster to Use :
POS system enables staff to complete the checkout process easily with the help of barcode scanners, card swipers, printers, etc rather than manually complete all checkout steps themselves.
It reduces the time taken per transaction and increases the sales by completing payment faster as customers do not have to stand in line waiting.
2. Simplified Accounting Process:
POS software creates and records the cash and transactions so you do not have to use cash registers to sort out hundreds of receipts. It also gives you the data and analytics of sales happening per day which you can use to create strategies for business growth and generating higher ROI.
3. Prevention Of Human Errors
As the manual steps are minimized and everything is automated, POS reduces human errors.
4. Efficient Management of Inventory
POS system saves your time viewing quantities of products as you do not have to physically view stocks or record them. Everything is on the dashboard with a single click you check your inventory quality.
Furthermore, it also tracks your best-selling products and re-orders those products when stocks get low.
5. Look Up Transaction in Past Easier
If you want to look up previous transactions or check out how much you sold the day before you can easily check it out with the POS software. In the past you had to go to your register and sort through all transactions which would take up long hours, this is reduced by POS.
POS is quicker and more convenient to know when your store should create Order Purchase. It basically automates all your tedious tasks giving you ample time to focus on your business growth.