What are the benefits of a retail POS system?

What are the benefits of a retail POS system?

An EPOS system that’s been designed specifically for retail can bring your business a plethora of benefits, and should help you to grow and be more productive.A retail POS will also come with some specific benefits, which may be different to those that you would find with a hospitality POS system, for example.

Benefits include:

  • Increased revenue. A POS system makes accepting payments of all kinds easy, meaning you don’t miss out on any sales.
  • Fewer mistakes. In a high-pressure environment like retail, mistakes can be made. POS systems automate processes to reduce human error, and highlight anything that seems like an error.
  • Efficient management. Retail POS systems often come with a range of management functionalities such as inventory management, sales reporting and analysis, real-time data presentation, and accounting capabilities for the efficient running of your business.
  • Improved speed. POS systems process payments more quickly than traditional cash registers, and can also save time on things like stock takes, accounting and compiling orders.
  • Reliable maintenance. Traditional cash registers are outdated and prove costly when it comes to repairs and maintenance. By contrast, POS system packages often include specialist maintenance and support.

Visit our comprehensive guide to EPOS systems for small businesses to learn more about what they might do for your business.




How should you choose the best retail POS system for you?

When browsing different POS systems, you can narrow down your options by asking yourself two main questions:

Would you prefer the convenience of an all-in-one package complete with software and hardware, or would you rather mix and match your own components?

Would it be better for you to pay for your system outright, or pay in bitesize monthly instalments?

Of course, the best POS system for one retail business won’t necessarily be the best for another. Your size, the nature of your product ranges and your customer base are all factors that’ll influence what you’ll need from a POS system.

Our advice? Make sure your Point of Sale system is intuitive to use and easy to scale. Strong customer support is also essential.

Compare retail POS systems

The information on this page should help you to understand what to expect from some of the UK’s top POS providers. For the best idea of what might suit you, though, it’s a good idea to speak directly to suppliers.

We can help you with this – simply fill in our quick and easy form. We’ll put you in touch with up to four top UK EPOS suppliers who can provide bespoke quotes for you. This process is free, quick and easy, and could save your business time and money. Good luck!

 


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