5 Benefits Of Having An EPOS System.

1. 5 Benefits Of Having An EPOS System. If you are running a business, gone are the days of manual stock taking, using a basic till system and hand written receipts. Investing in a right epos system can transform and streamline your business. We have listed out top 5 benefits of having an epos system. Let’s have a look at the key points to reduce expenditure and by improving operational frequency. 1) Stock Management EPOS systems helps you with how much stock is sold, how often and what staff members are selling the most. You can have a real-time reporting at your fingertips, especially useful for multi- channel operations. You don’t have to wait to do a batch report at the end of the day.It’s that simple. Quickly review current stock levels and easily identify areas where greater levels of stock are required. Also helps you in setting up low stock alerts, so you know when to re-order stock, avoid running out of key items and disappointing customers. Stock can be synchronised via one main system, which connects with your bricks & mortar stores and online stores. We can even integrate scanners, stock-taking handhelds and label printing with your EPOS system too. 2) Reduce Fraud and Shrinkage In inventory shrinkage refers to missing of your stock or unaccounted for you in your restaurant. It could be food wastage that goes unreported or a simple case of employee theft. Either way, it affects your bottom line. Record every transaction and keystroke with the staff ID buttons on your EPOS system. Everything is accounted for and everyone is held accountable. Closely watch your business with CCTV integration.

2. Access it remotely from anywhere and anytime. As a business owner, isn’t that good to know? 3) Reporting Sales, Profit and Margin analysis reports. Promotional loss reporting. Income & variance. Hourly sales reports. Staff reports. Stock and order reporting. 4) Customer Management Build a customer Database – Collect all customers contact details and get to know their buying habits. Targeting– Allow incentive offers to your existing customers. Consider adding loyalty cards, gift cards and vouchers to your POS system. Targeted advertising offer incentives to your customers so they return on a regular basis. Improve customer loyalty and retention and ultimately increase revenue. CRM – Customer relationship management tools helps in communicating with your customers. Send letters, SMS texts and emails to keep in touch with customers. 5) Financial Accuracy and Cash Control Simple and easy reporting: Allowing you to quickly and accurately reconcile your cash at the end of shifts, immediately highlighting cash variances. Cloud based software help you to access this information from anywhere. Cash lifts: Set customized warning levels to alert you when to make cash lift. Reduce pricing errors: An EPOS System ensure that these inconsistencies do not occur and that the customer is always charged correctly. Reduce cash shortages: If there is a cash shortage or an over ring at the end of the day, you can drill down an audit level to investigate. Avoid human error: Typing incorrect prices or using a wrong price sticker means loss of revenue for your business. Scanning barcodes can eliminate this and save you money