Businesses are always looking for solutions on how to save money, effort, and increase sales. So they need to find what is the fastest and most efficient way to run businesses. That is when an EPOS system comes in. Its up-to-date technology and efficiency make it a must-have for any business. Let’s take a look as we guide you through the definition and benefits of an EPOS system.
Overview
What is an EPOS system?
EPOS (Electronic Point Of Sale) system is an electronic way to let customers pay for goods or services. It helps manage businesses more effectively and improve customers’ experience. With an EPOS, retailers could easily process and track sales. It captures data and produces reports on sales and products. You could track and monitor the brand’s performance from one secure place. Also, it is user-friendly, so you could run the system within a few minutes of training. You could think of it as being used as a traditional till, but smarter, with better functionality, reporting, and ease of use.
How does an EPOS system work?
An EPOS system is like a cash register connected to a computer. Basically, it reads the barcode of the product via a barcode scanner and then calculates the amount that customers need to pay. EPOS could support data entry through a variety of devices like touchscreen monitors, keyboards, and barcode scanners. This provides accurate information on price while offers quicker service to customers.
At ConnectPOS, we offer powerful POS software that can integrate with almost every hardware provider, thus, give you the tools you need to save time and increase your sales.
Benefits of an EPOS system
It is clear that EPOS systems could be considered vital for any retailer, but what exactly are the features that set them apart? Why should a retailer change her/his current system if it does the job? There are a number of long-term advantages to using EPOS.
Reporting on how well your business is performing
If you have ever used a traditional till, you would understand the frustration of balancing tills, managing accounts, and calculating reports at the end of the day. With EPOS, all of your data are automatically synced, saving time, and producing more accurate reports. Moreover, with its cloud-based system, you could have full visibility and control of your business anywhere and anytime.
EPOS system takes the stress out of reporting and allows time for retailers to do more strategic planning. At ConnectPOS, we offer over 20 comprehensive reports and a customizable dashboard for you to elevate your business.
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Tracking and managing your inventory
So, you are able to see which products perform well from the reports, but that wouldn’t mean a thing if they were not in stock.
A good EPOS system should provide you with inventory management. You would be able to check, update, and add stock levels in real-time. You could also manage and transfer stock between multiple warehouses and outlets. Therefore, you wouldn’t have to manually check this yourself and still be sure that the right products are in stock.
With ConnectPOS, you would be able to manage multiple stores and warehouses with real-time data synchronization.
Increasing customer loyalty
In 2018, a study found that 91% of customers are more likely to shop at stores that remember them. This is why numerous POS systems now have loyalty and customer management features.
You could easily add emails and phone numbers of customers to your EPOS system, then when you have promotions, you would already have access to their information and be able to send them details about the sales. In addition, you would be able to see their purchase history, so you could tailor your marketing to what they are buying.
Above are just a few of the benefits of having an EPOS system, there are so much more that the EPOS system brings to business owners.
Overall
As expectations from customers have increased significantly in the past few years, which makes it competitive for retailers. One of the best upgrades for your business is to invest in an EPOS system. If you are still using traditional cash tills, it is time to switch to an EPOS system, it would help you save time, money, and improve sales.
And what’s better than an EPOS from ConnectPOS? We are proud to be one of the best POS systems with cutting-edge technology, a friendly user interface, and must-have features that would elevate your business with ease.