POS Systems Point to Higher Customer Satisfaction
Point of sale (POS) systems are computerized systems that help business operators easily process sales transactions. POS systems have moved beyond the basic functionality of the cash registers of old with features that rival sophisticated Enterprise Resource Planning systems. POS systems provide consistently efficient business operations that serve to enhance customer satisfaction.
Who Uses POS Systems?
POS systems are generally used by product based businesses of all sizes. As technology improves and POS systems become more affordable, even small business start-ups frequently consider the investment in POS systems to be cost effective. When small businesses
decide to invest in POS systems, they must look for a system that not only meets their current needs but is scalable to handle future business growth.
Choosing the Correct POS System
In general, it is best to start off with a POS system that will be used for many years by the business. However, most businesses will transition to POS systems from cash registers and other business software systems like Quick Books. When this is the case, it is convenient to choose a POS system that is compatible with current business software programs so that files may be imported across platforms.
Features of POS Systems
There are many types of POS systems available. A business’s type, size, and potential for growth are some of the key items to consider when selecting a POS system. More advanced POS systems include features for customer relationship management, inventory management, accounting, vendor/supplier management, and the option to manage an e-commerce division of the business.
Customer Relationship Management
The customer relationship management function of a POS system allows the business operator to collect, store, and retrieve data about customers in order to provide better service. The data collected by POS systems may be anything from basic contact information about the customer to customer purchases. If a customer’s purchase pattern can be established, it becomes easier to market products and offer special deals to selected customers.
Inventory Management
POS systems often conduct inventory management functions with relative ease. This is the feature that prompts most business operators to choose a POS system over a regular cash register. The beginning inventory for many products can be set up within the POS software, and the amount of inventory can be decremented for each item sold. Some sophisticated POS software provide alerts when inventory levels drop to a specified number while others may be programmed to place an order with suppliers when inventory reaches a specified number.
Accounting
Business accounting is easier to conduct because there is an automatic record of each transaction whether it be a purchase or a return. POS systems allow business operators to more accurately meet tax obligations, and business owners can take comfort in knowing that records have been consistently kept when dealing with painful IRS audits.
Increase Customer Satisfaction
More often than not a “brick and mortar” business decides to go digital. Point of Sale Perth supplier Austin Technology, provide solutions that allow these businesses to manage physical store sales as well as online sales. All of the features of POS systems either directly or indirectly serve to enhance customer satisfaction through streamlined business operations.