10 Benefits of using Online Point of Sale System POSPoint of Sale System POS

Why choose an online point of sale system? Many people have asked this system? Many people have asked this question. In contrary to many who still opts for traditional point of sale (POS) p p ( )systems, an online point of sale system, often running in web based browsers, is

fthe next generation point of sale application.

Often, retailers are not willing to change, partially they are already used to their partially they are already used to their existing offline systems, or in some cases they trust the word of mouth yrecommendations from their business associates or friends. Let’s look at the 10

f f fbenefits of using a online point of sale (POS) system.

1. Manage From Anywhere in Real TimeTime

As a business owner, an online based system allows you to manage your system allows you to manage your business operations from anywhere. As the whole point of sale application is p pphosted in the cloud, you can be working from the comfort of your home and yet h l ti i l have a real time view over your sales reports real-time, across all outlets.

This equips you with information that you will never have with a traditional system will never have with a traditional system, and allows you to make strategic decisions quickly. q y

2. Real Time Stock Management -Improved Stock ControlImproved Stock Control

From a shop manager or store keeper point of view the real time stock point of view, the real time stock changes update means there will be less frequent stock out scenarios as once the qstock level drops to a certain amount, the shop manager will be alerted to

t k restock.

This allows a better forecast over stock movement giving you scope to reduce movement , giving you scope to reduce your average stock levels thereby freeing up cash to be used elsewhere in the pbusiness.

3. Never worry about Hard drive or PC failures againPC failures again

In the event of a hard disk crash or PC failure another laptop or PC can quickly failure, another laptop or PC can quickly be used to replace, as long as it is installed with an updated browser. pCompared to a traditional POS system, the downtime will be longer and there is ibilit f l d ta possibility of loss data.

4. Easy InstallationInstallation is quite straightforward as Installation is quite straightforward, as

the application is hosted in the Internet. Boot up your laptop install the drivers of Boot up your laptop, install the drivers of your thermal receipt printer and we are almost ready to go. y g

5. Constant software updateThe problems faced with many retailers The problems faced with many retailers

that i personally know of is that their point of sale system often contains lots of point of sale system often contains lots of issues and bugs. This is a result of un-maintained system as annual fees can be yquite high to justify.

A good point about online point of sale system is the software updates is almost system is the software updates is almost seamless and unnoticeable. The vendor uploads the updated version of the p papplication into the cloud, and all retailers will be automatically upgraded!

6. Offline Transactions even when Internet is downInternet is down

The first concern asked by many business owners resistant to convert to business owners resistant to convert to an online based system usually asks this: “What is our internet connection is down?”. With new web technologies such as HTML5, such concerns have already b t d been countered.

The browser is able to use memory and cache to store the sales data even if the cache to store the sales data, even if the internet connection is down. Once the internet connection resumes, the browser ,would be able to detect and automatically synchronise the data into the web server. This is also a seamless process not noticed by the end users.

7. Secure and Confidential DataMost online point of sale applications Most online point of sale applications

ensure that confidential business data are protected Some online POS software are protected. Some online POS software are backed with the same security and encryption system adopted by most yp y p ybanks that can protect sales and other data from potential hackers. Most d l f thi ft id developers of this software provide backup services for retailers and keep their data on a secured server sitetheir data on a secured server site.

If you want to grow your business and handle several branches adopting online handle several branches, adopting online point of sale software is definitely the right and sound decision. This type of g ypapplication will not only help you boost sales and prevent customers from walking out, but also will allow you to analyze sales and manage your sales inventory more efficientlyinventory more efficiently.

8. Enterprise-like application at a fraction of costfraction of cost

In the past, an enterprise system such as ERP CRM costs up to million of dollars ERP, CRM costs up to million of dollars for big corporations. However today, we can get a system like this for less than a g ytenth. Information is king and all these are made possible with online systems. N t t ti i t f l ti Not to mention point of sale, accounting, marketing applications.

9. Better Customer ServiceWith up to date sales and stock numbers With up-to-date sales and stock numbers

always at your fingertips, customer interaction becomes much more interaction becomes much more informed. Integrated stock control means that you experience less stock outs, y pavoiding customer disappointment which can have a hugely negative effect on

t b i d d f th return business and word-of-mouth recommendation.

If an item is out of stock, the shop keeper can check on the POS system keeper can check on the POS system whether a nearby store has the item in stock. Stock counts and manual adjustments can also be performed in store in real time, so a returned product

fcan be available for sale to another customer immediately. The revised stock level is visible in all connected stores as level is visible in all connected stores as soon as any change is made.

10. Potential for Higher Sales and Cash FlowCash Flow

The common myth is online point of sale The common myth is online point of sale system is expensive. In fact if you were to do the math, it reduces the company's to do the math, it reduces the company s expenses in the long run. Transportation costs, including trips to suppliers or multiple business locations, are minimized since the orders and reports are available online are available online.

Client information may be saved in the program making it easier for the program, making it easier for the business owner to customize its service and products specific to individual p pconsumers' needs. Consumer satisfaction boosts chances of multiple purchases and as a result, increases sales.

Internet-based software for point-of-sale transactions can be a valuable business transactions can be a valuable business investment if the right program is chosen. With the suitable features, a ,company can easily organize its documents, improve its sales and reduce expenses.

Boosting sales, achieving efficiency and satisfying a lot of customers are among satisfying a lot of customers are among the primary objectives of most entrepreneurs operating retail stores, p p g ,restaurants, gift shops and boutiques, among other businesses.

One of the tools that could enable them to meet such goals is online point of sale to meet such goals is online point of sale software, also known as online POS software. Aside from making sales gcomputations much easier, an online POS application could offer a lot of benefits to small- and medium-sized businesses.

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