Many Owners of Retail and Hospitality businesses are misinformed
about the capabilities of EPOS systems as they think that all they do is
operate as till systems. The purpose of this article is to show you
that EPOS softwares are more than just till systems.
Stock Control
Normal Till systems will only process transactions but will not record them. This means that you will have to do the stock count yourself as you will not know how many products you have sold. This will mean that every day you will have to count the stock yourself which will take up a lot of time and will lead you to having less time to sort out other important issues. However, if you invested into an EPOS system, it would automatically do the stock control for you because whenever a product is sold it will be recorded and will be taken off of the stock number you entered into the till. This means that the end of the day, you will not have to count the stock because all of the products that have been sold will have been taken off of the stock count. This will save you a lot of time and will lead to your stock number being more accurate.
Employee Management
Normal Till systems will only allow you to have a certain number of accounts to log in to the till or they may not even have accounts. If you have an EPOS system, it will allow you to create many different accounts on the till which means that all of your employees will be able to sign into their own accounts. This will allow the employees to be able to clock in and out which means that you will be able to record how many hours each employee works and whether they get in on time or not. It will also allow you to see how many sales each employee is making at a certain time. This allows you to manage your staff effectively which will allow you to increase the productivity.
Sales Report
With standard till systems, when a transaction is placed it will be processed through the till but it will not be recorded which means that you will not be able to see all of the sales that you have made at the end of the day. However, if you purchase an EPOS system all of the sales will be recorded and saved which means that you will be able to access all of the sales at the end of the day. The EPOS system will create sales report which means that all of your sales will be in one report. This will allow you to be able to see how many sales you are making at a certain period of time such as lunchtime. This will allow you to see what times are popular and offer deals which will lead to more customers coming in at the popular times because they will not want to miss out on the deals. This will lead to the sales increasing leading to the profit margin increasing.
The sales report will also allow to see how many sales you make for each product. This will allow you to see what products are successful and what ones are struggling. This will allow you to increase your profits by promoting the successful products because it will lead to even more people buying them which will lead to the sales rocketing. You will also be able to increase your profits by discontinuing the products that are struggling because you will not have the costs of manufacturing them anymore. The sales report will also allow you to see what products are successful at certain times of the year. This will allow you to put promotions on them products which will lead to them selling even more as people will not want to miss out on the deal. This will lead to the sales rocketing leading to the profit margin widening.
Loyalty and Gift cards
Standard till systems will not have the capacity to be able to offer loyalty schemes. With the EPOS systems, you will be able to record the details of your customers and will allow you to record how many times they come into your business. This will allow you to give the customer loyalty cards and reward them after a certain number of visits. This will lead to more customers becoming loyal because they know they will be getting rewarded which will lead to them repeat purchasing leading to the sales increasing leading to the profit margin widening. With an EPOS system you will be able to offer gift cards to your customers which means that they will purchase them as gifts for people which will increase your sales. It will also encourage new customers to shop in your store because they may get given a gift card as a present so will go there which may lead to them liking the products leading to them repeat purchasing which will also increase the sales leading to the profit margin widening.
Payment Options
Most Till systems will be limited on the different types of payments they can accept. However, if you buy an EPOS system you will be able to accept a wide range of payments. This is because your system will be able to integrate with a card reader which means you will be able to accept a wide range of different cards. This will increase your sales because it means you are more likely to be able to accept the method your customer wants to pay with. If you are a restaurant, you will be able to split the bills between the customers using your system which will meet the customer's needs as many customers will ask you to split the bill in a specific way.
This is why an EPOS system is more than just a till as there are a lot more functions which your business will be able to benefit from.
Stock Control
Normal Till systems will only process transactions but will not record them. This means that you will have to do the stock count yourself as you will not know how many products you have sold. This will mean that every day you will have to count the stock yourself which will take up a lot of time and will lead you to having less time to sort out other important issues. However, if you invested into an EPOS system, it would automatically do the stock control for you because whenever a product is sold it will be recorded and will be taken off of the stock number you entered into the till. This means that the end of the day, you will not have to count the stock because all of the products that have been sold will have been taken off of the stock count. This will save you a lot of time and will lead to your stock number being more accurate.
Employee Management
Normal Till systems will only allow you to have a certain number of accounts to log in to the till or they may not even have accounts. If you have an EPOS system, it will allow you to create many different accounts on the till which means that all of your employees will be able to sign into their own accounts. This will allow the employees to be able to clock in and out which means that you will be able to record how many hours each employee works and whether they get in on time or not. It will also allow you to see how many sales each employee is making at a certain time. This allows you to manage your staff effectively which will allow you to increase the productivity.
Sales Report
With standard till systems, when a transaction is placed it will be processed through the till but it will not be recorded which means that you will not be able to see all of the sales that you have made at the end of the day. However, if you purchase an EPOS system all of the sales will be recorded and saved which means that you will be able to access all of the sales at the end of the day. The EPOS system will create sales report which means that all of your sales will be in one report. This will allow you to be able to see how many sales you are making at a certain period of time such as lunchtime. This will allow you to see what times are popular and offer deals which will lead to more customers coming in at the popular times because they will not want to miss out on the deals. This will lead to the sales increasing leading to the profit margin increasing.
The sales report will also allow to see how many sales you make for each product. This will allow you to see what products are successful and what ones are struggling. This will allow you to increase your profits by promoting the successful products because it will lead to even more people buying them which will lead to the sales rocketing. You will also be able to increase your profits by discontinuing the products that are struggling because you will not have the costs of manufacturing them anymore. The sales report will also allow you to see what products are successful at certain times of the year. This will allow you to put promotions on them products which will lead to them selling even more as people will not want to miss out on the deal. This will lead to the sales rocketing leading to the profit margin widening.
Loyalty and Gift cards
Standard till systems will not have the capacity to be able to offer loyalty schemes. With the EPOS systems, you will be able to record the details of your customers and will allow you to record how many times they come into your business. This will allow you to give the customer loyalty cards and reward them after a certain number of visits. This will lead to more customers becoming loyal because they know they will be getting rewarded which will lead to them repeat purchasing leading to the sales increasing leading to the profit margin widening. With an EPOS system you will be able to offer gift cards to your customers which means that they will purchase them as gifts for people which will increase your sales. It will also encourage new customers to shop in your store because they may get given a gift card as a present so will go there which may lead to them liking the products leading to them repeat purchasing which will also increase the sales leading to the profit margin widening.
Payment Options
Most Till systems will be limited on the different types of payments they can accept. However, if you buy an EPOS system you will be able to accept a wide range of payments. This is because your system will be able to integrate with a card reader which means you will be able to accept a wide range of different cards. This will increase your sales because it means you are more likely to be able to accept the method your customer wants to pay with. If you are a restaurant, you will be able to split the bills between the customers using your system which will meet the customer's needs as many customers will ask you to split the bill in a specific way.
This is why an EPOS system is more than just a till as there are a lot more functions which your business will be able to benefit from.
Epos Direct provides Epos systems that are really helpful, essential & accurate. Our Epos till systems can save your time & money by offering better sales management, stock control, cash management and banking. We provide electronic till systems to businesses like Retail, Fashion, Convenience store, Lifestyle sectors, Restaurants & bars, Wholesalers and many more. Our Epos systems are fully integrated with award winning and world's favorite Emperium Epos Software.
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