POS software refers to Point of Sale software. It’s called that because it is software you run at the point of sale,, typically, at the counter where you transact sales.
Good POS software can be used to:
- replace the cash register, to capture all sales
- connect with your EFTpos terminal for credit can debit card payments
- cut the time it takes for a stock take
- help you reorder inventory based on what sells
- stop doing less of what’s not working
- doing more of what is working
- make better quality decisions and make them faster than usual
- let you see things in and about your business you are likely to miss without it
- reduce your labour cost in business
- help you enjoy your business more.
So, POS software is software that offers a more whole of business solution designed for retailers. Ideally, designed and supported in Australia for Aussie retailers. That’s important because retailer is different around the world. Terms used in retail differ, too.
Will a POS System Help My Business?
Now that you know how a POS system works, you may be wondering if it’s right for your retail business. The answer to this question depends on a few factors. First, you need to consider what type of business you have and what type of products you sell. If you look at the Tower Systems POS software website you can see the different specialty retail marketplaces the company serves. On the other hand, if you have a small retail store with relatively stable inventory levels, a POS system can be a great way to save time and money.
Another factor to consider is the size of your business. If you have multiple locations or dozens of employees, a POS system can help simplify things like employee management and product ordering. However, if you’re a one-person operation or if your store is relatively small, you may not need all the features that come with a POS system. In this case, an simpler solution could work, and Tower Systems offers such a low-cost POS solution for a low monthly rental cost.
The decision of whether or not to invest in a POS system depends on several factors including the type of business you have, the products you sell, and the size of your operation. If you are a small business retailer with relatively stable inventory levels and fewer than 10 employees, investing in acan be acan be beneficial for tracking sales data and simplifying employee management and product ordering.