The POS Software Blog

The POS Software Blog

News from Tower Systems about locally made POS software for specialty local retailers.

CategoryBike shop software

Helping local small business retailers save time and improve efficiency

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Labour costs are under the spotlight in businesses around the world. The obsession with AI is, in part, because it reduces reliance on labour. In San Francisco 3 autonomous (driverless) car companies now operate taxis. We saw them when there on business just a week ago. 7-Eleven in Australia is trialling just walk out type tech. several shops where registered shoppers can walk in, take items off the shelf, and walk out. WH Smith now has self-checkout terminals in most of its Aussie c-store businesses.

We are working on several fronts for you in related areas.

  • Our ChatGPT AI integration is saving time on writing product descriptions and has been since January this year. Retailers are loving it – the time saving and the improvement in product descriptions.
  • Our free version of Retailer Roam makes it easy and fast to photograph products using your phone or tablet, load these into Retailer and sync with your website. In seconds you can take and load images of products via your phone, or tablet.
  • We are trialling our new Retailer Self-checkout facility using a new shopper-friendly portrait checkout screen. It’s an easy for shoppers to self check out, a labour saver in some settings.
  • Qjump, our new mobile customer-accessible true self-checkout facility is in trial. Think the new 7-Eleven app but for local indie small businesses without the weirdness of capturing shopper images and the high tech implementation cost.
  • Our new EasyEDI platform offering easy access to time-saving electronic invoices is in early trial with a supplier who, until now, has not offered these.

We are working on more innovations in our small business focussed Retailer POS software to help improve your efficiency. Time saving is a key focus, as is data accuracy.

It’s in these areas of work that we genuinely differentiate for our local small business retailer customers.

We are grateful for the support of our customers. Thank you. We hope you have an awesome lead into the Christmas retail season.

Oh, one more thing … Google has released a core update, which will impact website rankings. We shared advice by email with our customers about this in the last week of August.  Let’s know by email if you’s like a copy. sales@towersystems.com.au

How do I find the best POS system for my business?

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Don’t rush it. Take your time. Make decisions when you are ready.

Many POS software companies and sales people will want you to rush. Some will apply financial pressure. Others will say it’s easy, start today, be selling today … and they will often say this without understanding your business needs.

Take your time. Make decisions when you are ready.

The goal has to be to choose the POS software that best serves your needs. So, start there, with your needs. Think about them, what matters most to you, what’s not negotiable. Start there and cast aside any software company that is not interested in starting with your needs.

Some will offer a free trial, some will even push hard at this. That’s lazy selling. They want you to use their software to see if it is suitable, and knowing that some customers will stick because of concerns that it could be hard to switch software. We think free trials are a crock.

Some will offer you free software. There is no such thing. Software developers don’t work for free, nor dog help desk people, the accounts office in the software company, the sales team. Since they don’t work for free, the company has to make money so, no, there is no such thing as truly free software.

All the sales claims can make it challenging.

Take your time. Make decisions when you are ready. Start with your needs.

If this sound like hard work, it is. Good software can make you a lot of money, it can save businesses. Spending time getting this decision right could be worth a ton of money to your business. But the work has to come from you, not the sales person.

The best POS system for your retail business is the one that covers the most of your needs at a price you are prepared to pay.

No software company can claim theirs is the best, although plenty do. They can speak to customer numbers, of course, which is fine, but not a measure of best.

Here at Tower Systems. we start with you, and your needs. We want to understand them first. If we think our software is not right for you, we’ll say so.

How do I find the best POS system for my business? Don’t rush it. Take your time. Make decisions when you are ready.

POS software Deputy roster app integration helps local retailers and their employees

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The Tower Systems specialty retailer POS software integration with the Deputy employee roster management app helps local retailers more easily manage staff rosters and employees to manage their engagement with the businesses for which they work.

Managing staff rosters can be a daunting task for small business retailers and shop managers. It can be difficult to keep track of employee availability, hours worked, and breaks taken. This can lead to scheduling errors, overspending on labour, and employee dissatisfaction.

The integration of our Tower Systems POS software with the Deputy employee roster management app can help you to more easily manage staff rosters:

  • Create and manage staff rosters.
  • Send rosters to employees via SMS or email.
  • Track employee hours worked and breaks taken.
  • Generate reports on staff productivity and performance.

The Deputy employee roster management app also provides employees with a way to manage their own engagement with the businesses for which they work. Employees can use the app to:

  • View their schedules.
  • Request time off.
  • Swap shifts with other employees.
  • Track their hours worked.

The integration of Tower Systems POS software with Deputy employee roster management app can help retailers improve staff management practices and nurture employee satisfaction. This can lead to improved customer service, increased sales, and reduced labor costs.

Here are some specific examples of how we have seen the Deputy POS software integration help local retailers:

  • To create a roster that ensures that there are always enough employees on hand to meet customer demand.
  • To track employee hours worked and breaks taken, which can help to ensure that employees are not being overworked or underpaid.
  • To generate reports on staff productivity and performance, which can help to identify areas where training or improvement is needed.

Employees can:

  • View their schedules and request time off, which can help to reduce the number of scheduling conflicts.
  • Swap shifts with other employees, which can help to accommodate last-minute changes in availability.
  • Track hours worked, which can help them to ensure that they are being paid correctly.

This integration of Tower Systems POS software with Deputy employee roster management app can be a valuable tool for local retailers. It can help retailers to improve their staff management practices, increase employee satisfaction, and improve their bottom line.

POS software integrated Slyp digital receipts help small business retailers compete

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The integration of our Tower Systems POS software with the Slyp digital receipt platform is helping local small business retailers demonstrate their engagement with leading tech ology to enhance the shopper experience.

In today’s digital age, shoppers like seeing good tech used to enhance their shopping experience. Shoppers want a seamless, convenient, and tech-savvy shopping experience.

That’s where Tower Systems and Slyp come in. Our two companies have partnered to create a solution that helps local small business retailers deliver on these expectations.

Tower Systems makes, sells and supports POS software for local specialty retail businesses. Our software is used by thousands of businesses to manage their sales, inventory, and customer data and plenty more.

Slyp is a digital receipt platform that allows businesses to send receipts to customers’ mobile devices. Slyp receipts are more than just a digital version of a paper receipt.

The integration of Tower Systems POS software with the Slyp digital receipt platform is a game-changer for local small business retailers in our community. It allows businesses to:

  • Deliver a more convenient shopping experience for their customers. Customers can now access their receipts instantly on their mobile devices, without having to dig through their pockets or bags.
  • Enhance the customer experience with interactive receipts. Slyp receipts can be used to track spending and more. This gives customers more control over their shopping experience and makes them feel more valued.
  • Demonstrate their engagement with leading technology. By using Slyp, businesses can show their customers that they are committed to providing a cutting-edge shopping experience.

Our POS software Slyp integration has been live for some time, under the radar, under beta release. This followed comprehensive live acceptance testing. Through the beta release we enhanced the integration, to reach a point of delivering something we are truly proud of. The POS software Slyp integration is terrific, useful and differentiating for our local small business retailer community.

If you are a local small business retailer, you should consider using Tower Systems POS software with the Slyp digital receipt platform. It is a great way to enhance the shopper experience and stay ahead of the competition.

Our Lightspeed POS and Vend POS software alternative attracts new customers

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We are grateful to retailers who have used Lightspeed POS and vend POS software who are considering our Tower Systems POS software on the back of being told that they would face additional charges if they do not use the Lightspeed Payments platform for customer payments.

Here’s a short video about our alternative to Vend and Lightspeed for retailers frustrated by their decision to charge extra if you choose to not use their payments platform …

We don’t run a payments platform, we’re a POS software company. We leave all that to the banks.

We link to the big 4 banks via Linkly as well and direct to Tyro and to SmartPay if you like their fee-free EFTPOS solution.

If you’re looking for an alternative POS software solution to Lightspeed and / or Vend, we’d love to learn more about your needs, to see if our software could be a good solution. Our promise is – we will tell you if we think we’re not right for you. This is important as it’s critical you do your research into what is right for your business.

We have successfully tested our Vend POS data conversion software that brings across Vend inventory data, including variants.

Let’s talk: sales@towersystems.com.au, 1300 662 957 (Australia) 0800 444 367 (NZ toll free).

Here are the specialty retail marketplaces we serve:

Here’s what’s included: software licences for unlimited computers in the location, help desk support (phone or email) 6 days a week (incl Saturday), access to a knowledge base, after hours support call access for urgent support, Shopify, Xero and other integrations, access to our supplier invoice import tools.

  • NZ and Aussie based customer service by us. No call centre.
  • Humans answer our phones.
  • Email us and a retail knowledgable human responds.
  • Our office is open Monday through Saturday.
  • Month to month rental – no lock in contract.
  • No lock-in EFTPOS contract. You choose the EFTPOS that suits you.
  • Self serve training videos and knowledge base.
  • Low cost training for those who want it.
  • The listed prices are genuinely monthly – not annual paid up front.

We have a crew of awesome software developers, caring customer service people and a business support crew skilled in serving local indie retailers.

Advice for small business retailers on dead stock

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Dead stock has no value in any retail business. Indeed, it has a cost as it takes up space and needs labour to keep it clean at least. It sits there, occupying this space, not being bought, paging with each day.

What constitutes dead stock will vary by type of retail business. In some, stock has an expiry date, making that the drop-dead date for the stock. In other businesses, stock is dead when a new version or new release of an item is out.

For the purpose of the advice we provide here, our definition of dead stock is that which has not sold whatsoever in six months or more. The is, you have a quantity of an item on hand and have not sold any of then in six months.

Knowing what stock is dead in your small business shop is critical. It is the start, the beginning, of resolving the issue of dead stock.

Our Tower Systems POS software helps local small business retailers easily identify dead stock. You can decide what constitutes dead stock in your business and list it, bring it up on the screens for attention.

Start there, start with your definition. next, use your software to identify what’s dead. Once you have this information you need to jump, what for some, is a hurdle … you need to decide to quit that stock.

Some retailers are adamant that they need to make a profit on everything they sell. These retailers don’t like discounting to quit dead stock. The thing is, the stock on the shelf is worthless until someone pays you something for it.

In our pragmatic view, getting something, anything just about, is for stock that is dead is better than waiting longer and getting nothing for that same dead stock.

Quitting dead stock is best considered a freeing cash move. That’s what we say getting anything at all is better than the stock sitting on the shelves and not moving.

Use your POS software to identify the dead stock and then jump that hurdle and quit it, quickly, freeing the space and allowing you to focus on what’s next.

In our Tower Systems POS software, the Stock manager tool is best for identifying stock that is dead. You can easily see when you last arrived stock, what’s on hand and when it last sold. In seconds you can have a hit list of stock that could benefit from action. Stock manager operates in a way that any retailer could use it. It’s not complex, not daunting. We have a terrific video showing how to do this with Stock manager. We also have a wonderful advice sheet.

Retail businesses exist to support those who rely on them for income. Dead stock is not helping with this.

Unfortunately, too many small business retailers do not actively engage with the opportunity of dead stock.

We are grateful to serve more than 3,000 local and independent small business retailers here at Tower Systems. Our POS software community is diverse and very much appreciated by us for their support and feedback.

The advice we share here comes from our years of engagement with them and our own experience as engaged retailers ourselves.

Advice for small business retailers on the best value approach to decision making

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How decisions are made in local independent retail businesses can determine the value of those decisions, the consequences on those decisions.

Too often in our work with small business retailers we have seen decisions based on emotion rather than evidence.

The POS software we make for specialty small business retail collects and curates business data that can inform decisions. New have seen wonderful and valuable success flow in retail businesses that make decisions based on evidence is this data.

A common situation of poor decision making is buying stock. Too often we see small business retailers buying because they like a sales rep or because they like the look of something when their own business data indicate that buying that stock is not the right move for their retail business.

In our POS software we make it easy for local retailers to access this data about stock performance, we make it easy for them to have the evidence of their own data to better inform decisions they are considering. retailers who do this, who rely on the evidence in their own business data, tend to run more successful and valuable retail businesses. They tend to enjoy their businesses more too.

Buying stock has to be black and white: will this decision make money for the business in the time that the business needs? As a retail business trades using POS software like ours it builds up knowledge in its trading, knowledge that can be accessed, analysed and understood by the POS software itself to make it easy to see the right stock buying decisions to make.

We upset a retailer a while back when they happened to mention that products from a supplier were not working for them. They were unhappy when we showed them their own data that disagreed with their opinion. It turns out that their opinion was based on a dislike of the manager of the supplier business. They were letting their emotion get in the way of facts. The situation turned out well, the business made more money as a result.

If you are in retail to be successful, we urge you to make decisions based on your business evidence. Our POS software can help. We back its facilities with terrific training and customer support materials that are easily accessible.

We love helping local small business retailers make good decisions. It’s something that makes us feel good.

We are grateful to serve more than 3,000 local and independent small business retailers here at Tower Systems. Our POS software community is diverse and very much appreciated by us for their support and feedback.

The advice we share here comes from our years of engagement with them and our own experience as engaged retailers ourselves.

Advice for local small business retailers: how to enhance your local credentials

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In 2023, embodying the essence of local in the retail become more vital than ever. Big businesses are engaged in local, but they are using systems, processes and tech. The conundrum for genuinely local small business retailers lies in authentically cultivating a local identity.

The term local means different things to different people. It isn’t restricted to geographic proximity. Local can be perceived as the degree of personalised care you offer to your customers, the supplementary advice you give, living within the locality yourself, sourcing products locally, or serving the community on a personal level. It may also be linked to the availability of locally sourced products.

For instance, a product produced anywhere within Australia could be deemed as locally sourced. Narrating the story of where a product originates, along with the family involved in its creation, can add a local touch to it, distinguishing it from similar overseas products. This narrative is crucial because it underlines the local aspect.

Small retail businesses can leverage Tower Systems’ retail POS software to effectively promote their local attributes in various ways:

  • Enhance your receipts: Use receipts to provide product care instructions, usage guidelines, or other beneficial information automatically, turning your receipts into a valuable information source.
  • Disclose product origins: If a product is made by a small business or family within Australia, include this detail on the receipt. Highlight the local product, giving customers additional information to foster a local connection.
  • Advocate for local shopping: Attach an image or poster promoting the advantages of shopping local to every receipt. Tower Systems offers free images for this purpose, available in the downloads section on their website.
  • Show customer appreciation: Personalise a thank-you message to customers shopping with you. Sign off with your name and contact number. This personal touch is typically absent in larger businesses.
  • Monitor local product sales: Keep track of local suppliers’ product performance using various reporting tools.
  • Reward local shopping: Implement discount vouchers named “Thanks for shopping local” or “Local shopping reward” to emphasise the benefits of supporting local businesses. You can establish rules to offer discounts off the next purchase.
  • Merely advocating for local shopping isn’t enough; you must showcase its value and integrate it into your retail business operations. The most effective approach to accomplish this is by incorporating suitable systems and procedures into your POS software.

There are plenty of ways local small business retailers can authentically pitch local. In this post we have covered just some of them. We are a local POS software company ready to help you pitch local.

Specialty POS software for local small business retailers in Australia and New Zealand

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Here at Tower Systems we are grateful to serve a diverse mix of specialty retailers in different marketplaces. These include:

Here’s what’s included in the monthly rental cost: software licences for unlimited computers in the location, help desk support (by phone or email) 6 days a week (including Saturday), access to a comprehensive support knowledge base, after hours support call access for urgent system down queries, access to our Shopify, Xero and other integrations, access to our supplier invoice import tools.

  • NZ and Aussie based customer service by us. No call centre.
  • Humans answer our phones.
  • Email us and a retail knowledgable human responds.
  • Our office is open Monday through Saturday.
  • Month to month rental – no lock in contract.
  • No lock-in EFTPOS contract. You choose the EFTPOS that suits you.
  • Self serve training videos and knowledge base.
  • Low cost training for those who want it.
  • The listed prices are genuinely monthly – not annual paid up front.

Tower Systems currently serves more than 3,000 local small business retailers.

It may be that our software is not right for you. Let us organise a personal live demonstration by Zoom. We’ll record it with you and give you a copy so you can show colleagues and others you’d like to consult.

If we think we are not a good fit for you we will say so and wish you all the best.

Email us: sales@towersystems.com.au.

Call us: 1300 662 957 (Australia) 0800 444 367 (NZ toll free).

We have a crew of awesome software developers, caring customer service people and a business support crew skilled in serving local indie retailers.

At our website, we have easily accessible recent demonstrations of our POS software, which you can access immediately and without sharing any personal contact details whatsoever. The transparency we demonstrate on our website reflects how we operate as a company.

It’s stocktake season and Tower Systems is helping small business retailers be ready

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Our advice to retailers re stocktake is first and foremost: never pay an outside party to do your stocktake and never do a stocktake outside of your POS software.

The most accurate stocktake result for any retail business is doing it yourself, using your POS software. The Tower Systems POS software offers easy to use and reliable stock facilities and workflow.

Last year (2022), we got together with one of the stocktake experts at Tower Systems to discuss this and answer common stocktake questions we are asked. Here’s the video.

Our help goes beyond this. We have written advice, and we offer personal training. We make stocktaking easy and reliable for local samall business retailers.

Retailers simplify accounts management with Xero integrated POS software from Tower Systems

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The Xero accounting software integration with POS software from Tower Systems helps local independent retailers save time, save money, reduce mistakes and make better informed business decisions.

Using the Xero link with our POS software retailers can streamline their processes, connecting POS software and Xero accounting software, removing double entry and cutting mistakes.

The Tower Systems POS software offers:

  • In-Store Point of Sale from the register, shop floor, or mobile thanks to Roam.
  • Integrated eCommerce with Shopify, Magento, WooCommerce and Big Commerce.
  • Streamlined Inventory Management through the business from arrival to sale, or return.
  • Customer tracking and marketing based on purchases.
  • Smart fulfilment based on criteria you can manager.
  • Powerful Loyalty and and Customer Retention – with flexibility and differentiating options retailers love
  • Advanced Reporting and Insights – see what matters.

The Xero accounting software solution offers:

  • GL, P&L and Balance Sheet management and reporting
  • Payroll management
  • Invoice management
  • Inventory management
  • Expense claims
  • Payments management
  • Bank connections & reconciliation

The Tower Systems POS software Xero integration is a solution made for local small business retailers, to save time and money, to help nurture stronger and more valuable retail businesses.

Connect the Tower Systems POS software with  Xero in minutes and keep everything in sync. Simply connect the tow and map your accounts. Our crew of retail experts can help;p you do this.

Once connected, your Tower systems POS software will upload your chosen key financial data to Xero – saving time on admin and cutting data mistakes.

Tower Systems is proud to deliver the advanced Xero POS integration local specialty retailers deserve for the complexities and competitiveness of modern retail.

Tower Systems is grateful to support thousands of Australian and New Zealand retail stores with our comprehensive POS software. We give retailers the tools they can understand and use to run more valuable, enjoyable and successful local retail businesses.

Tower Systems only serves local specialty retailers. This ensures that every customer matters. Are are thankful that more than 3,500 retailers have already chosen to partner with us.

Our service is local, from Aussie and NZ based retail experts. Our software is local, too, made here, for you.

The Xero integration with our POS software is one example of the value of integration relationships that we bring to life for our local indie retailer community.

Advice for local small business retailers confronted by big business competitors

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Small and independent retailers can sometimes feel helpless when a big national retailer opens up nearby. There is no match for their range, buying power, advertising coverage or even news coverage.

The sheer size of a national competitor is what scares many smaller retailers. It can feel overwhelming.

Here at Tower Systems, all of our customers are local small business retailers, indie retailers, because that is the community we seek out.

Here are 5 practical tips for small businesses on how to face and deal with a national retailer moving into the area:

1. Don’t compete. By not talking about the competitor, pricing against them or pitching your business in any way, you separate yourself. While they may have similar products, it is unlikely that they are targeting your specific business so why target them? Focus instead on your own business. Not competing should include not advertising price comparisons, not focusing on the competitor at staff meetings, not expanding your range to sell more of what they sell and not obsessing about them.

Know why you are different and lean more into that, and, it’s likely that price is not a significant difference in your mind.

If you know why customers shop with you, you have the opportunity of not giving up margin out of fear.

2. Run a better business. From the moment you hear about a new national retailer coming to town, look at every aspect of your business for opportunities for improvement. From the back room to the front counter fine tune your processes, employee training, stock buying and the look of the business. Dramatically improve your business from the inside out. This will improve your business health and help you weather challenges which may lie ahead.

Too often, independent retailers wait until the national retailer is open to react. This is probably a year or two too late.

3. Be unique. Look for ways to make your business unique. It could be on product range, operating hours, add-on services or something else. Embrace any opportunity to make your business unique.

Even a unique niche range of products can give you traffic a big competitor will not chase. Try and focus on products which require a level of retail skill and knowledge to sell – national retailers have challenges hiring and retaining retail employees with specialist knowledge and skills.

4. Engage the community. Like, really engage. Support local groups, speak at functions, get known as someone and a business who care deeply about the local community. Subtly make the connection that you are fortunate to be able to help because of your local business.

Being smaller and independent you are better able to personally engage with the community. You and your team are the business whereas a national chain will always be the corporate. They can throw money around locally, you can throw time, knowledge and more flexible assistance.

5. Tell your stories. Your retail narrative, your stories, connect you with the local community. Tell these through the people you contact, your own blog, a Facebook page and in the pages of the local newspaper. Tell human stories about your business, the people who work in it and the local stories which connect with it.

Your stories could be about local community connection, convenience of shopping, commitment to range, personal customer service, product niche knowledge … there are many different narratives with which an independent retailer can connect. It is important that one you have your narrative you stick to is, that it inhabits your decisions, marketing and public presentation.

Local indie retailers can compete against with any big business by not acting as a big business would. This is the key. Be yourself. Have faith in yourself. Sell yourself.

Now, why is a POS software company sharing something like this? That’s easy – we care about our customers, we care about local indie retail. We’ll embrace any opportunity to help local indie retailers shine.

How retailers are using POS software integrated ChatGPT to create more valuable product descriptions

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Local small business retailers are short on time and challenges in competing with well-resourced big businesses.

The ChatGPT AI integration delivered by Tower Systems in its local specialty retail POS software early this year is being used by small business retailers to create for search friendly product descriptions.

Using this optional and free facility, retailers are able to describe products faster and in search friendly terms. Here’s a short video we made for our customers to show how it works:

No, we’re not going all AI is replacing the world on our customers. Rather, we are providing access to optional time saving tools. Feedback from our local retailer community has been wonderful, for which we are thankful.

How to convert a PDF invoice into a CSV file for easy POS software import

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Tower Systems offers help to local small business retailers to help them save time and money. We do this through training, written advice and easy to access and follow video advice.

A couple of weeks ago we shared with our small business retail POS software customers this video on how to convert a PDF file to a CSV file that can be imported to our POS software.

By converting the PDF invoice to a CSV file the retailer saves time, improves data accuracy and helps the business have a better handle on business performance.

Tower Systems is grateful for the opportunity to help retailers convert PDF invoices into CSV files foe EDI import into POS software

We also connect with many suppliers for importing electronic invoices and more, making importing invoices easy and fast. But some suppliers have challenges implementing this. hence, this solution for converting a PDF invoice into a CSV file.

This snackable video is one of many offered to all of our POS software customers. We produce the regularly and share them in our email and print newsletters, and as part of our video training curriculum.

We are grateful to local small business retailer customers for their feedback on these videos as that informs our weak developing more useful training and support solutions.

5 ways retailers can use the POS software from Tower Systems to pitch value to shoppers

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Plenty is being written about the economy at the moment and it is negatively impacting consumer confidence. There are things you can do with the Tower Systems POS software to show your business offering value to shoppers, and thereby nurturing more value for you.

And here in this post, value means the value shoppers perceive in dealing with your business. You could also use the term savings.

While value can be about price, it is often not as straightforward as that. Something could cost more but it could last longer or you might get more pieces than if you pay a lower price or there may be some other add-on that drives value.

While our POS software offers many ways retailers can pitch value to shoppers, here are 5 ways retailers can use the POS software from Tower Systems to pitch value to shoppers:

  1. Discount vouchers in Retailer are a perfect way to pitch value. A dollar amount discount is better understood than points. You can set the vouchers up in a way so costs are covered by benefits. Show your shoppers what they can save.
  2. Offer to fund raise for local charities, community groups and clubs. They could give their members a card that gets them, say, a 5% discount off purchasing from you while also earning for the charity a 5% donation. The goal here is to bring new shoppers into your business.
  3. Offering a coffee card type discount of, say, buy 9 and get your 10th free for habit-based purchases, like coffee, pet food, cards, magazines, fertilizer etc. can help nurture shopper stickiness to your business.
  4. Bundling products together into something that only your business offers can pitch a value proposition unique to your business.
  5. Volume pricing, where the cost of an item decreases as the quantity purchased increases, can help shoppers save and you sell more.

Your software offers more ways of pitching value to shoppers than these, and it helps you systemise pitching value. Being consistent about this is key to it working for you.

Consider this list of 5 a starting point, a jumping off point for exploring other ways for your business.

Tower Systems offers business management advice like this to all of its POS software customers, taking the POS software help desk experience beyond the technical and onto the shop floor, to help our local small business retailer customers to themselves get more value from their use of our POS software.

7 ways retailers can use POS software from Tower Systems to help improve the value of their business

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When we talk about the value of a retail business we mean what the business is worth when it comes time to sell, which is dependent on the profitability of the business as reflected in the profit and loss statement.

Value is the key business measure here and while there can be non-monetary value perceived by the owners and other stakeholders, it is the value as seen by others, as through P&L results that is the common measure.

Using POS software from Tower Systems, retailers can drive value. Here are 7 ways they can do that:

  1. Dead stock. In the average indie retail business, dead stock is equal to around 3% of turnover and often around 12% of total current inventory investment. Using our software, it is easy to identify dead stock. That’s the first step to converting it to cash.
  2. Stop running out of stock. Selling out of items that will sell costs the business  money.  In a small retail business we looked at recently, sell-outs cost more than $3,000 in a year, or $1,500 in gross profit, all because of poor re-ordering management. Your Insights Dashboard has this information.
  3. Bloated roster. Some prefer to spend money on people, so they have time to themselves for relaxing, golf or to sit in the back office, where no customer purchases from. We often see a bloat cost equal to around 10% of the roster.
  4. Wrong trading hours. Some stay open too long while others are not open long enough. Either way has a cost to the business.
  5. Being blind to theft. Theft in local indie retail costs on average 3% – 5% of turnover. Our software can help you see it, track it, and mitigate against it.
  6. The wrong product mix. GP% is a key measure of retail business performance. Often, we see retailers chasing transaction volume and not watching and chasing GP%. Growth in business GP% is often more valuable than transaction growth.
  7. Reordering. Ordering based on data reduces mistakes. It’s better, too, than letting a supplier order for you. The software can help you with reordering, so there are fewer mistakes, fewer sell-outs, less dead stock.

This list is incomplete as our POS software can help cultivate value in plenty of other ways. We created this list to provide our customers with a starting point, some low hanging fruit.

We shared the advice with our customers via our regular customer email and our regular print newsletter. This is another example of the proactive approach we take to guiding our customers to achieve more from their use of our POS software.

While, for sure, our help desk answers support questions and helps with technical queries, we often go beyond with business advice that crosses the intersection of the technical; aspects of the software and the use within a retail business of the software to better serve the business and its owners.

7 ways retailers can use POS software from Tower Systems to help improve the value of their business is all about showing our POS software user community ways they software they already have can be used to help cultivate business value.

Free POS software

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If you are looking for free POS software, Tower Systems is not the right company for you.

We don’t offer free POS software.

Typically, free POS software comes with payment made in other ways, such as being required to use a particular EFTPOS platform or service or being committed to some other cost in the business.

So, you can see, free is not really free. There is no such thing as free POS software.

What any retail business really wants / needs is the best POS software for their business. The best POS software will provide benefits in time and money that make the POS software truly valuable for the retail business.

Now, to be clear, we don’t know if our Tower Systems POS software is the best POS software for your needs. Only you can know that by comparing what our software does to what it is you need from POS software.

Our message today is buyer beware. Don’t get suckered in by a claim of free POS software because, for sure, it will not be free, and it may not be best for you.

We mention this today as we see many retailers in Australia searching for free POS software. It is worrying because every bad experience someone has with POS software.

Here at Tower Systems we want relationships with value at the core. We want to partner with customers we value, and who value us. This mutual respect helps both businesses prosper and if we do prosper then it’s the classic win win. That can’t happen with free as the starting point.

Software developers and help desk professionals cost money. And, you want that because you want good outcomes for your business. These good outcomes flow from good POS software that ids backed by good customer service.

If you look at it from a retail business perspective, you want people in your shop prepared to pay money for what you have on offer. If they don’t have money they are not customers you want. If their wage growth is flat their capacity to spend more is non existent.

All of this feeds into what is a circular economy.

But on price, we are fair, with a modest cost, which has not changed since 2019. So even though we do charge for our POS software, it’s modest and reflective of what we think the good businesses in our target marketplaces can afford.

Here’s an easy local small business retailers can better connect with their community

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Community connection is vital in local small business retail, authentic community connection at a level that is loved by folks in the community.

Back in the day, sponsoring a local sports club, donating prizes for a raffle or helping the local Rotary or Lions were the go to ideas for retailers. And while those ideas continue today, there are another local small business retailers can engage in providing community support that is funded buy the community itself.

Through our loyalty tools and, in particular the discount voucher tech we offer, local small business retailers can reward shoppers and they can offer in store a way for these shoppers to pay it forward, to support a local charity or community group organisation.

The Grill’d burger chain was an early adopter of something similar with their bottle caps and giving customers the caps to vote for one of three local charities the store would donate cash to.

Our suggestion is to invite shoppers to donate their discount voucher to one of several local charities in your business, which you could have every month or so, accruing the value of the vouchers for a gift card donation to the charity, or you making a cash donation of a portion of the voucher value to the charity.

It pitched well this could see people who support the local charity shopping with you so that funds are raised for the charity.

We know form years of data that around 20% of all vouchers handed out to shoppers are used by those shoppers within 28 days. This means there are other vouchers that expire unused. A nuanced campaign in-store connected with loved local charities and community groups could drive engagement, do good in the community and show the business as community connected in a fresh and loved way. That is the goal here.

Of course, the execution will be different in each location. Our job as a tech company is to provide opportunity. Our job as retailers ourselves is to share what we have seen work well, and what we have learned.

Your job as a local small business retailer is to make decisions that are right for you and your situation.

Using the discount vouchers generated by the software in this way, to support loved local community groups and charities, could be the reset you want, the engagement driver the business needs. The beauty of it is that it is low cost, self funding and truly community focussed.

We are grateful to the feedback from our customers and this has guided our own activity in this space of local community group connection.

6 best-value insights that will benefit any local small business retailer

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Retailers in local small business shops can feel alone sometimes when working on their business. They can sometimes get lost in a cave of thoughts without seeing a way out.

We thought about this and considered the thousands of different retailers in our POS software user community, and we developed the Insights Dashboard in our POS software, to deliver easy access to local small business retail insights that any retailer could leverage, regardless of size, location, specialty area or setting.

We wanted to ensure that what we delivered would be useful regardless of level of business management literacy and financial management literacy. We wanted to deliver the insights without the retailer having to seek them out. We wanted to genuinely add value to what a local small business retailer could gain from using our POS software.

So, via the Insights Dashboard in our POS software, we provide insights in six broad areas – with the insights delivered visually.

Where Are We Today 

Gives you a snapshot of the overall sales & liabilities as it stands today.
 
You can access additional options by clicking the … symbol next to Todays Sales.
  1. Date Range – Expand the sales period covered by changing the start & end dates.
  2. All Locations – Multi-store locations can use this option to include/exclude other locations from the sales figures.
  3. Show Gross Profit Values – This option will show / hide GP values in the Daily Sales Dashboard, which you can access from the Point of Sale screen by pressing [Ctrl] + [D] on your keyboard.

What’s Not Selling 

This gives you a visual understanding of what is not performing in your business.  Deadstock in any business is lost cash.  This report gives you the ability to make decisions on this underperforming stock whether it be discounting or other stock reductions strategies to unlock this lost cash.  
 
You can click any stock item listed to show a graph of sales of that item broken down by month.
There are a number of options available to filter the stock items that appear in the list:
  1. Date Range – Limits the list to stock that has not sold in the amount of time specified.
  2. Listing Bottom – Maximum number of items to list.
  3. Rank By – Determines the order that items appear on the list in.
Click the … symbol for additional options:
  1. Departments – Select between showing stock from all departments or tick the desired departments from the list.
  2. Suppliers – Select between showing stock from all suppliers or tick the desired suppliers from the list.
  3. Exclude Recently Added Items – Exclude stock items that were added to your system inside the time period chosen in the drop down box.

What Am I Missing Out On 

This give you a list of items that have sold out and potential missed opportunity. The visual sales history will assist in ensuring the right items are restocked to ensure future revenue is not missed out on.
 
You can click any stock item listed to show a graph of sales of that item broken down by month.
There are a number of options available to filter the stock items that appear in the list:
  1. Date Range – Limits the list to stock that has sold more recently than the amount of time specified.
  2. Listing Bottom – Maximum number of items to list.
Click the … symbol for additional options:
  1. Departments – Select between showing stock from all departments or tick the desired departments from the list.
  2. Suppliers – Select between showing stock from all suppliers or tick the desired suppliers from the list.
  3. Exclude Recently Added Items – Exclude stock items that were added to your system inside the time period chosen in the drop down box.

What Sells With What 

This gives you an insight to consumer basket analysis. Through this you will see exactly what stock items sell with other stock items and from this you will be able to leverage upsell opportunities, co-location and promotion opportunities.   This also shows the sold alone percentage so you can see item upsell efficiency.
 
You can change the period of time in the Date Range to limit the data to the period chosen. The ten items displayed are the ten best selling items by quantity for the selected time period.

Is Theft An Issue 

This provides a in-depth visual overview of all the retailer audit log records by reason, number of occurrences by time day. This will assist in identifying staff theft/training issues that may need to be addressed within the business.
 
You can change the date range to limit the data to the time period chosen. Changing the time increment alters the lengths of time each day is broken up into.
You can view more complete records by using the Audit Log directly. Please contact Tower Support for help using the audit log.

When Are We Busiest & Quietest 

This is a visual overview used to detect any quiet or peak times in your business by displaying over the week as well as detailed by hour.
 
You can change the week ending date to see data from other weeks. Next to chart value type, you can choose to measure by sales value or number of sales.The top graph shows sales broken down by day of the week. You can change the type of graph used to display this data by clicking the diagram type in the bottom-right. The bottom graph shows sales broken down by time of day. You can change the type of graph used to display this data clicking the diagram type in the bottom-right. You can also view this data as a table by clicking the table symbol in the top-right.

Tower Systems launches weekly POS software user Q&A session for all

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Tower Systems is grateful to be able to launch a weekly POS software user Q&A session fort all comers, all users of the software, from any business using the software.

This session is a natural progression from our regular live Zoom sessions for customers. It not schedules as weekly’s every week of the year, so customers have certainty that it’s on.

Each session will be open for at least 45 minutes every Thursday. One of more of our POS software specialists will be in the Zoom room to answer questions and share insights. The goal is for open two-way discussion. Having the right people from our team there will drive the value of the sessions. We will demonstrate local retail knowledge and the value of local support compared to offshore call centre support.

We are open to covering POS software training, answering support queries and exploring enhancements in our POS software.

By offering the sessions via Zoom with no cap on attendees we demonstrate, again, our openness and transparency and the ease of accessibility for all of our customers regardless of location, support coverage status and more.

By making this open to everyone, those who like to listen to the queries of others and the answers provided will be satisfied. We think this openness will help us explore topics way beyond what me might set if we were in control of the agenda ourselves.

The goal is an enhanced customer service experience, something unique among POS software companies.

We know the closer we are with our customers the better the experience for them and the better for us. This is why our leadership team will regularly be available for these sessions, as they have been for our other customer Zoom meetings.

These weekly customer meetings will differentiate our Aussie POS software company and offer our customers another free training opportunity that will help them get more from their investment in our technology.

People participating will not have to register or jump through hoops. Accessing the session will be easy, fast and secure.

Tower Systems serves several thousand local retail businesses today. This new weekly customer free training and Q&A meeting initiative is another way we are demonstrating our commitment to engaged and easily accessible customer service.

POS software update helps local retailers keep up to date

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Good software keeps changing, evolving, needing emerging needs and embracing new opportunities.

The Tower Systems POS software continues to evolve. What we offered a few months ago is not what we offer today.

In good engaged software companies, change is normal. This matters because needs change, opportunities change. Evolving POS software is all about local businesses keeping up.

The latest POS software update from the Tower Systems development team delivers access to:

  • Allotrac integration.
  • SmartPay integration.
  • CentrePay integration.
  • International barcode search integration.
  • Image background removal integration.
  • New security bridge integration for better and more capable security camera integration.
  • An enhanced, faster and more insightful end of shift process.
  • A customer servility sensitive data cleanup tool that helps your business better protect against unwanted data leakage.

These are just some of what is delivered in the latest POS software update from Tower Systems.

We are grateful to the customers who suggested some of these enhancements and to the customers who engaged in testing them as part of our comprehensive beta release program.

For this first update of 2023 it is considerable. Especially once you add the many other changes / enhancements not included in the list above. This update is the result of hundreds of man-hours of development investment. And, while our customers are embracing this update, we are advanced in our work on the next update, which we are excited for.

Engaged software developers are always working on their software products. That is our commitment here at Tower Systems – continual improvement based on continually evolving tech, market conditions and other factors.

We invest on behalf of our customers son that they can be sure that their Tower Systems POS software does evolve and can embrace opportunities of value and usefulness in the local small business retail settings in which we serve.

Included with this latest POS software update is advice for our retailer customers about data security. This refreshed advice is in the light of hacks in the last months of 2022. We have explained steps local retailers could consider taking to better protect data they are entrusted with. We have backed our advice with software tools to equip retailers with useful tech for better data protection.

Small business retail advice: how to deal with challenging trading circumstances

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Here at Tower Systems we get to work with and learn from many local small business retailers across many different retail channels who use our POS software. Here’s a list of some of the advice we have provided to retailers facing tough times. It’s offered as a resource for any in need. we also offer personal assistance based on specific circumstances.

  1. Know your truth. If you run a computer system, analyse the data it collects. If you don’t know how to do this, find out. Look for surprise information in your data, things you did not know about your business. For example, look at the top selling items. If there are surprises there they could inform other decisions you make to urgently address your situation. Talk to your computer software company, ask for their assessment. Knowing your truth is key to owning your situation.
  2. Quit dead stock. If you have stock on the shop floor which is old – ‘old’ can vary between product categories – and for which you have already paid, quit it. However, stock that is greater than six months old is a reasonable guide – then take action to sell this at a substantial discount. Move the stock off display units. Line it up to look like clearance stock – stacked up on tables. Setup plain and simple signs indicating the discount prices. Create signage to show it as clearance stock. If you have enough clearance stock in your business, consider signs across your front windows. Give your sale a name that is unrelated to your situation. Here are some suggestions: MEGA SALE, FIRST EVER MARCH SALE, AUTUMN SALE, SMALL BUSINESS MIGHTY BIG SALE. Give it a name you can theme around.
  3. Run a loyalty offer. Immediately setup and run a loyalty program rewarding shoppers with dollars off their next purchase. The most successful loyalty offer in recent times is discount vouchers whereby vouchers are included on receipts offering an amount which is cleverly calculated by your software based on the items in the purchase. The goal has to be encouraging shoppers to purchase again soon based on the offer on the receipt for items they just purchased.
  4. Move things around. If your business is in trouble it is possible that it has not changed much in recent years. Change it. Move departments around, shake things up so your customers trip over things they did not think you sold.
  5. Review prices. Look at the common items you sell, consider a small increase in your prices. It could be a small increase will not hurt sales volume yet will add profit to your bottom line.
  6. Upsell well. At the counter, work to extend the basket for every sale possible. Do this with clever counter product placement and witty and engaging banter with customers offering upsell products. You goal has to be to make more from each customer.
  7. Stand for something. What is different about your business? What is special about it? What makes people want to come back? If you don’t know the answer to these questions you’re in trouble. If your answer is we’re the only shop of your type nearby you’re in trouble. If the answer is people have always shopped here you’re in trouble. You need to have a difference that people want and will talk about to others. It could be a product or a service. However, it cannot be a product line that is traditional to your type of business as that will not add value to your shingle in the way you want or need. What do you stand for?
  8. Different retail options.
    1. Consider becoming an outlet shop selling items from a supplier keen to quit bulk items.
    2. Rent space in your shop to another retailer.
    3. If you have higher priced items consider offering employees commission on sales.
    4. Maybe become an outlet for local artists taking on items on a consignment basis.
  9. Stop unprofitable behaviour. If you are doing things in your business which lose money or do not contribute to a good future for the business, stop doing them. Regardless of history or what your business might stand for, continuing with unprofitable activity only makes your situation worse. If you know something to be unprofitable and yet you say you can’t stop it, think carefully about that, about why you can’t stop losing money.
  10. Get suppliers to help. Suppliers often have old stock themselves which they want to quit at a substantial discount. Buy items you have not stocked before, negotiate good prices and put the stock out with a healthy margin but still at a discount to what others would be charging. Negotiate to pay once you are paid by customers.
  11. Trim employee costs. Cut employee hours and work more in the business yourself if you are not doing so already.While this can have a significant personal cost, the less you pay others the more be business benefits in financial terms.
  12. Trim overheads. Cut everything you can: cleaning, power usage, insurance, freight, banking. Look at every supplier relationship you have and see if you can negotiate a better deal to cut your operating costs. However, do not turn off lights as darkness is death in most retail businesses.
  13. What assets can you sell? Do you have computers, retail fixtures, vehicles or other assets you no longer use in the running of the business? If they are not being used, turn them to cash as quickly as possible.
  14. Get a job. If you have a partner in the business with you and the business can run with one partner, one of you should get a job outside the business. This is especially helpful in a husband and wife situation where the family income can benefit.
  15. Talk to your landlord. A good landlord will prefer a good business to stay rather than have then close down and a new tenant having to be found. Talk to the landlord, be honest with them about your situation. Given the landlord all of the information they need to make the decision you need them to make. This information will include sales figures, expenses and margin information.  Usually, the more transparent you are with the landlord the more they will support your business.
  16. Talk to your bank. While banks tend to not get involved in lending to businesses that are struggling, it may be that they have contacts that can help you navigate to a solution. Maybe talk to another bank.
  17. Talk to colleagues. If you have nearby business colleagues in the same line of business, they might have stock they are happy to provide you for free or at a discount to give you stock to move for a good price.
  18. Refresh the business. Make the business look, smell and sound fresh. Beyond the products you sell and where tings are located, change the environment itself using scents and sounds. Too often when a business is struggling, those involved let standards slip and the business does not look attractive to shoppers. Avoid this laziness at all costs.
  19. Deliver amazing customer service. When serving customers be the perfect shop assistance and not the owner of the business facing closure. Keep your mind on the job at hand and not the cliff you’re worried might be a few steps ahead.
  20. Whoever is pressuring you the most to close or contemplate closing, talk to them. If it’s a supplier, the tax office or some other organisation or individual pressuring you about debts, be upfront with them, lay out for them your plan detailing the action you will take to turn your situation around, be clear about what you are doing and outline a timeline step by step for them. Seek their support.
  21. Set a timeframe. Decide where you want to be in a week, four weeks, eight weeks, twelve weeks. Set realistic goals. Measure yourself against those goals. Know what you will do if you fall short.

No situation is impossible. No business is dead until the doors are closed for the last time.

Never give up. Fight hard and fight smart to turn your business around.

Facing tough circumstances in retail can be like the deer in the middle of the road facing an oncoming vehicle. Don’t freeze. Take action to mitigate your situation. A series of small steps could be the difference between closure and trading out of the problem.

2 minute read: 3 free things any local retailer can do to compound profit

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3 things any retailer can do to compound profit.

Individually, these strategies work. Done together, the profit value compounds.

  1. Chase new customers. Serving the same customers is likely to give you the same results. Every day, do something to attract new customers through: a brilliant and different window display, engaging social media posts, a community group connection, a club member fundraiser.
  2. Maximise gross profit percentage. Buy at the best price you can. Be engaged in how you price what you sell. Every cent matters. Rounding up to .99 is a good start. Pricing based on the value you offer is more important than trying to compete with the cheapest. You’re worth it.
  3. Drive a deeper basket. Be smart about what you place where in the shop in pursuit of people buying more. At you’re counter and at the busiest points in the shop, make adding things to the purchase easy. Look at what people buy with what and use that to guide product placement. Use smart loyalty tools to disrupt shopper behaviour.

Our Aussie made and supported POS software can help with these three strategies, and more. We help our 3,000+ local retail customers run more successful, enjoyable and valuable businesses.

Find out more:
www.towersystems.com.au
1300 662 957
sales@towersystems.com.au

Tower Systems is not your usual POS software company. We own and run retail businesses where our software is used to maximise value. When we suggest ideas and opportunities too our POS software customers, we have tried them ourselves. We walk in the shoes of our customers in a way that is rare in POS software businesses.

This matters in local small business retail as practical advice matters more than theory. It’s kind of like show, don’t tell. We show how our software works in our diverse portfolio of retail businesses and have done now for more than 26 continuous years. Like we said, we are not your usual POS software company.

In addition to advice and support in how to use our POS software, we provide insights based on customer data for those customers keen for this. Our business analysis and advice services are all part of what we offer here at Tower Systems.

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