The retail industry is growing rapidly in India. With an increase in the number of retail establishments and best online shops, there is a growing need for efficient POS systems.
Till now, the Point of Sale (POS) system was largely confined to large retailers and restaurants. But with an increase in the use of mobile devices and tablets, a new set of POS solutions is coming up.
But, What is a point of sale system?
A point of sale system is an integrated set of hardware and software that helps you monitor your inventory, sales data and other information related to your products in real-time.
It allows you to accept payments from customers in different ways and keeps track of all transactions at the checkout counter or on the retail floor or for the best online shop. Point of sale systems is indispensable for retailers as they help them manage their business better. They provide valuable insights into how your store is performing, how your staff is performing and how you can enhance customer experience.
Here are a few pointers which can help you make an informed decision before you purchase POS software for your business:
- Multiple payment modes:
One of the most important features of any POS solution is that it should accept payments through multiple modes such as cash, debit card, credit card, gift card and net banking. A swipe machine for credit cards is available at a nominal cost these days.
So, if your business does not accept payments through credit cards, you will be losing out on valuable business opportunities.
- A barcode scanner:
This helps in tracking inventory and identifying products quickly.
Barcode scanners are available at very low costs these days. They can be easily connected to any type of POS solution through Bluetooth or wires.
- Trial version:
Some software companies do not offer a trial version of their software and that is the first thing you should look for when deciding on a Point of Sale Software. You must test the software to see if it suits your purpose or not.
A trial version will also let you know whether the features offered by the software are suitable for your business or not.
- Free support:
Nothing can be more frustrating than spending money on something only to find out that you need help using it and there is no one to turn to.
If a company offers free support then that means that they are confident about the product they are offering.
- Feedback from previous customers:
There is no better way of knowing about the quality of service offered by a company than through feedback from their customers.
A lot of companies claim to be experts at what they do but that does not mean much unless you hear about them from someone else.
So ask around, read reviews online and talk to people who have used POS Software previously before making your decision.
The time is right to have an inventory control system in place at your retail store or for the best online shop. A POS system could mean greater efficiency, transparency, control and security for your business. Read through our helpful guide and select the option that will best meet your needs and requirements.
If your business is in the retail industry, you need to make sure that your sales are tallied accurately and in real-time. Ultimately, the best POS for you will depend on the size of your company and what you’re looking for from a Point of Sale solution. In any case, take our advice and do your research before deciding on a solution—and once you do, go with a reliable provider that has been making moves in the industry.