In many parts of the world, the point-of-sale systems that they use at stores are still entirely based on the humble electronic cash register. It can't be a great feeling being a manufacturer of one of these systems today. They are on their way to being completely replaced with point-of-sale systems – personal computers kitted out with the right software. And it isn't just a matter of getting an upgrade just for the sake of it. Point-of-sale systems are great for better revenue, better productivity and better sales, there are plenty of companies available to provide all kinds of businesses with epos systems.
It's possible that you're a retailer who still looks at point-of-sale systems with suspicion – like they are flashy technology that are really not needed. Well, if that's the case, you really owe it to yourself and your business to check out a modern product like the Microsoft Retail Management System. Here's what you'll find point-of-sale systems bring to your business.
Let's start with how affordable point-of-sale systems really are (because often, when retailers say that they just don't believe that all this new technology is necessary, they just mean that they believe it's too expensive). In general, a popular POS product will set you back about $1100 for each store that you deploy it.
Believe that that's too much money? Well, it'll earn its keep by saving you enough money on credit card transactions. For instance, if you buy the Microsoft product, they have a tie up with Citibank Merchant Services. If you sign up with Citi, you won't have to pay as much as those other poor saps who use a competing product. See – you already have a leg up on the competition. This service deal can save you much money in the long run.
Of course, you're telling yourself – when you said that you believed that point-of-sale systems would be expensive, you weren't just talking about the physical machines or software themselves. You were also talking about how much expensive it would take to implement these systems. Why, just to think of what it could take to train your cashiers – could it be worth it?
In truth, these systems are very easy to use. If everyone on your team knows how to use Windows computers, this will be a cinch. There's no training necessary – those built-in tutorials and wizards are going to make it quite easy.
Even if one is kind of on board with these point-of-sale systems, one might need a few a really good technically sound reasons to upgrade. Well, for starters, how about the fact that you can completely forget about your double entry bookkeeping? You can bring down labor costs, and you can do a lot for your inventory tracking costs.