Techssocial | Many aspects contribute to the success of the business. Effective CRM and sales management are few among them. Why not take advantage of POS systems that offer great flexibility and control on your business than ever before? The customer transactions have moved away from cash to credit cards, and even mobile wallets so should be your transaction register process. Many businesses today are taking advantage of POS system that is helping the business to keep track of all types of transactions and also keep all the transactions at one place.
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Shared commerce
POS system today offer shared ecommerce platforms avoiding the need for driving the data from ecommerce platforms and their physical POS systems to generate a comprehensive report. With the shared commerce feature on the point of sale systems today, it can sync the data with the app and tracks both online and offline transactions. It avoids the need for maintaining two sets of inventories and payment systems. This provides easy accesses to real-time data and customer insights across different sales channels.
CRM with POS
With the help of new POS technology, you can integrate real-time transactions with the CRM software to boost your business. You can check for clover pos pricing if you need one. With this integration, you will not only know about customer behavior but also possible to know the details of the customers that are making a big impact on sales. The integration enables POS to create client records, and CRM creates email marketing lists straight from POS. The feature enables the businesses to collect data and POS transactions and move it to different departments to improve customer service and acquisition.
Easy accesses to big data
Data is key to the success of any business. With the integration of the POS systems, even small business will have accesses to big data to help the business move in the path of success. It gives you accesses to real-time data from the transactions and help the business owners make smart decisions. The report generation feature gives you a complete overview of business performance. The reports that can be generated through POS include inventory reports, top-selling items, revenue and profit optimization and other staffing needs.
Also read: How big data is changing
Take the hassles out of tax season
Taxation is no gameplay even with the assistance of an accountant. In addition to the sales tax, you need to file income tax which involves tracking multiple files for the assessment. The number of taxes list that you pay is plenty in number, managing these things huge annual data will spin your mind. Having your business integrated with POS systems will reduce hassles of filing taxes by keeping track of different data like employee working hours, sales tax collected, inventory purchases and total money received. POS integrated with the accounting software will prepare the necessary reports that can be used to prepare and pay tax easy.
Also read: Improve audit process
Track employee success
The productivity of the employee is equally important as money generation for the success of the business. The staff reports generated by POS will not only help you know what is selling most but know who is selling it. You will be able to identify your top employees easily and measure their productivity easily. You can easily calculate commissions to improve their performance and identify the busy hours of the day to staff accordingly. It also helps you reduce employee theft by recording every transaction held during business hours.
Inventory management
POS integration to your retail business helps you with the stock level data with the changes in the inventory from time to time. It will help you track removed or damaged items. With effective inventory management, you can have a positive impact on the profit and loss of the business. Inventory reports generated by POS systems include stock items along with the value and profit margins. Inventory reports help the business retailer identify underperforming products and introduce new for better selling items.
Sagar is HR at techssocial.net. He has been writing last 3 years on different blogging sites. He has also helped small businesses to gain their ranking.