Point Of Sale systems are becoming more powerful and more complex than ever. From the humble beginnings of the simple cash register to the sophisticated systems we are installing today, your options for POS systems have exploded. With hundreds of POS systems available offering a variety of features at varying price points, it’s worth spending some time looking at what matters most: money and time savings for your business.
The case for investing in a POS system
Time: The time savings your business could realize are significant. Take a moment to think about how information is shared across your current systems like POS, time reporting and accounting. It’s likely that your current POS system and accounting system don’t ‘talk’ to each other. That usually means that someone on your team must spend time manually keying data into the systems that need to record and process the information. Manual entry is not only time-consuming but often fraught with errors. Costs simply mount up from input, correction, then processing.
Information shortfall: Running your business without a POS system means there’s a good chance you are guessing at what and how much you’re selling and when you are selling it. You are most likely lacking accurate, up-to-date inventory counts. You probably can’t check sales or the employee work schedule without being on site. If you are capturing any of this data, you are probably doing it manually which requires time and more time. Having this information readily available would make your business run smoother and give you the numbers you need to make smarter business decisions.
Money: Time and information shortfall are twin demons who combine to suck money out of your business. The time you and your team need to spend collecting and processing data is fueled by the lack of readily available, accurate reports and information transfer. Money is leaking out everywhere if you are continuing to make do with manual processes and isolated systems.
Next step: Create your map and ‘wish lines’
We recommend that you inventory the systems you currently use. Start by drawing a simple map of where they fit into your business process, what information is being shared between them and how it is transferred. Using a map format to lay out your systems helps you visualize your business workflow and identify gaps . Once your map is created it’s time to add ‘wish lines’ to show what systems you wish could connect and share information. Now you’ve got a clearer picture of where improvements can be made through systems integration.
Next step: Call us
As a certified ShopKeep partner and custom payments systems provider, we have the team, the technology, and the experience to seamlessly turn your POS system into a powerful business tool.
In our next post, we’ll share the top ‘must-haves’ when comparing POS systems for your business.