A point-of-sale system (POS) is a combination of hardware and software that allows businesses to receive payments from customers for purchased goods and services at the point of checkout.
Even as recently as a few years ago, POS systems were only affordable for large-scale organizations. However, with technological advancements, it has become possible for small businesses to make these investments too.
POS systems have become a basic requirement for all businesses today, and this is especially true for merchants. That’s why we’ve rounded up some benefits to keep you in the know.
Increased Payment Options
If you are still running a business that receives payments in cash, your potential for growth is at risk. According to Pew Research Center, three out of ten Americans don’t make purchases using cash. This shows that consumer behavior is drastically changing, and businesses need to adapt to these changes in order to grow.
POS systems are a great way for businesses to expand their payment options to debit and card cards, contactless payment systems, unattended payments, mobile payment systems, MSRs and even semi-integrated payment systems.
Automated and Integrated Payments
POS systems allow you to automate many complex tasks, from record keeping and customer information to managing inventory and order fulfillment. Maintaining a manual journal of records consumes much of your precious time and increased the chances of human error.
If your POS system has integration options, it can be integrated with other software that you currently use for your business, such as Customer Relationship Management (CRM), accounting, and inventory.
Investing in a POS system will enable you to direct your time and energy toward other critical business processes.
Traditionally, point-of-sale (POS) systems were available in stand-alone forms, limited to being used at the cash counter. However, mobility has increased ever since new mobile payment systems have come to the market. All you require to make it work is a handy card reader with a Bluetooth connection and a software development kit (SDK).
This is especially beneficial for those businesses who also offer product delivery services.
If you want your retail store to run smoothly and meet customers’ demands, you should consider installing a POS system in your store.
Here at Uniform Industrial Corporation (UIC), we provide you with android compliant Go-Pay or unattended Bezel 8. We also provide tailored mobile payment solutions and unattended POS systems for your business. For more information about our products, get in touch with us today!