The Electric Point of Sale (EPOS) system has many benefits to the retail and hospitality world. Installing an EPOS system in your business can help reduce costs, improve cash flow and prevent the loss of sales. Owners and employees using an EPOS system can help integrate several business systems, as well as simplify stock and ordering. Contact us today about installing EPOS software in your business.
An EPOS system allows a business to quickly identify which products are selling well and which products are making a profit by bringing up an hourly or daily report. Using this easy identification, a business can simply increase the order of profitable and popular products and reduce any unmarketable inventory. The automated system allows you to respond quickly to changes in customer behaviour which improves efficiency.
The touch screen monitor and scanner are two important parts of an EPOS system, as they cause the customer to become actively involved in the transaction. From this view, the transaction is likely to occur faster and leave all parties happier. Of course, happy customers are more likely to return and generate more profit for the business. EPOS systems are also faster than manually processing orders, and can send a menu straight off to the kitchen.
A key benefit of the EPOS system is that information about sales made is automatically stored. There is no longer need to panic over a misplaced document or paper; the EPOS system will still have it. Reducing misplaced items and increasing accurate storage puts businesses in a more reliable place for both customers and suppliers.
An EPOS system can eliminate errors much quicker than a person, especially if an employee has made the error. The system can check counts, keeps pricing consistent and also allows you to change pricing based on other information in your business such as stock analysis, special offers and deals.
When you have installed an EPOS system, you can use it to track your staff’s activity, allowing you to see who did what and when. The system can also monitor the performance of staff at the checkout and also reduce wastage by making employees responsible of their own cash drawers. This means the business can recognise their top performing staff, identify weaknesses and also create a competitive environment.