Payment
technology has emerged a lot during the past two decades. Today we no longer are
binded with those huge electronic cash registers. The growth of technology is
making work-life easier for retailers. Well, also with every single stage of technology
a POS is satisfying the expectations of SME’s retail businesses by managing
with each stage of their selling journey.
Thus,
with each single technology, the POS system grew instantly. Retail business
owners today are looking for the latest trends and features of EPOS software that can draw in more customers
for their products and services.
Mobile POS (mPOS)
Today,
we have everything readily available. So for what reason should payments be restricted
to one place? Mobile POS makes it simple for businesses to accept payments at any
place you need and at any point. Mobile POS is the next big thing in the mobile
payment solution market. People today want convenience on the go, thus do businesses.
Now-a-days
mPOS solutions can take your retail business to the next level. While raising flexibility
and mobility it also enhances the customer experience. Mobile POS connotes easy
to set-up and use mobile applications. With the help of mPOS, your business
will be always in your pocket.
The
mobile terminal of EPOS Software
goes beyond billing to offer features like stock management, mobile store front,
sending invoices to customers through SMS and analytics, and so on. Primarily it
takes out the need of having an expensive POS system and helps in managing with
your business wherever, whenever with detailed analytics and sales reports.
Stock Management
Retail
business needs a one-stop stock management system with reliable modules to deal
with every day stock operations. You will relish the stock management tools
that a EPOS software offers.
Basic
stock management, so you can include products you sell, importing your stock
with no additional cost, product reports and a daily email with low or
unavailable stock items listed for more stock control.
Advanced
features like orders tracking, automated stock adjustments, shortfall alarms
are the most valuable POS system features while working onsite inventory. POS
monitors your products at various levels, such as size, season and color to guarantee
everything is stocked.
Billing And Order
Processing
Give
your customers the opportunity with options to pay with cash, credit/debit cards,
gift vouchers, or some other mobile wallet payment options. An EPOS software includes a credit/debit
card module built in your PC rather than an stand alone terminal, to
effortlessly record payments from external card terminals.
This
makes credit/debit card payments more secure for your customers. Efficient
approval of transactions at the retail location is important to guarantee your
business maintains a constant cash flow and a secure network.
Your
POS system must have the basic functionalities of billing and order preparation. It should have the option to bill orders by scanning products and
capturing distinctive payment modes.
Customer Relationship
And Experience
Customer
relationship has constantly been an essential stage of retail business operations.
Here, keeping your customers happy is complicated however a significant task to
perform. In spite of the fact that EPOS Software for Retail features can be your helping hand.
EPOS
software can help im various ways in retaining a strong relationship with your
clients, so you can have them forever. POS systems give you the tools to track
customer data, such as contact details, transaction history, and preferences.
Look
out for functionalities like simple checkouts and fast appointment booking
which will keep your customers captivated to your brand, after at the end a
business needs is to keep their customers waiting.
POS
collects important information about your frequent footfall and their purchaser
persona, by which you can organize loyalty programs for your loyal customers
which drives loyalty and create ambassadors for your business.
Reporting and
Analysis
The
POS report is created based on the data gathered by a POS system. Gathered
information and activity is followed at the POS system and that information is stored
for future analysis by means of POS reports. This is an extreme tool for organizing
and breaking down your business data.
POS
reports can summarize up a lot of data, and represent to it in a graphical or
cross-tabulated for. Along these lines, it is the best tool to make financial,
stock and statistical reports.
This
could be a totally new way for your business in reporting and analytics. You
simply use your business reporting and analytics for informed decisions. This
will push your business beyond the the limits.