If you are operating a brick and mortar store, you certainly have a POS system. The system assists you to process transactions, secure your cash in the till, record customer information, and generating receipts. However, the evolvement of e-commerce influenced the development of electronic point of sales (ePOS) system. But you may ask why you should move to the new system while the old one is serving your current business needs.
Also, why should you incur more expenses in revamping your selling point? You are not alone. Asking yourself such questions help you to come up with a perfect decision on your next step. Here is a discussion on the main reasons why you should go for an ePOS system:
a) Ability to harmonize multiple stores management
Are you running multiple stores? If so, you can confirm that managing them under one-roof is a challenge. Without a way of blending their data, you will have to undertake several duplicated tasks. For instance, you will analyze reports for each store and then add up the information. Such functions are tiresome and cost ineffective.
With an ePOS system, you do not have to perform repetitive tasks. The system centralizes all your store operations. As such, when a transaction takes place in one store, it is registered and updated on the business system. Thus, no need of undertaking same tasks which saves you time and money. Also, you do not have to have a separate point of sales for online and offline stores.
b) Easy to track your employee performance
With an electronic point of sales, you can easily monitor the performance of your employees. The systems come with features to show how each is performing. Hence, you can know the weakness and strength of your workforce. With this information, you get a platform for organizing your training and developments schedules. Also, you know what to include in the training manual. Importantly, it helps you to come up with a compensation plan where each employee earns according to their contribution to the organization.
c) Compatible with a broad range of payment processing
In this decade, people are no longer comfortable with carrying liquid cash. It is rare to find a person with a physical wallet full of cash. Instead, virtual payments are becoming a darling. As a store owner, you need to adopt modern payment processing techniques. For this reason, you have to dish out your traditional point of sales and move to ePOS system which is compatible with current virtual payment methods.