5 Things you need to determine when considering a POS system - Abacus

5 Things you need to determine when considering a POS system

There are numerous POS systems on the market at a range of prices and with a number of features, so it can be a little overwhelming at first when you start to look at the best system for your business. Not sure where to begin? Here are 5 things you need to think about when choosing the right POS for your company.

  1. Keeping up with your customers

Technology is always on the move and you need to ensure that you keep in step with your consumers. Having a system that allows your customers to pay the way they want to is crucial, and an integrated payment system that is easy for staff to operate is even better. Choose a system that automates routine tasks because this will maximise the use of your staff team and free them up to concentrate on delivering even better customer service. There are also systems that come with an app for your mobile so you can ensure that everything is running smoothly even when you are not on the premises.

  1. Don’t over tax yourself

Having a system that tracks and monitors cash flow, including (particularly for those in the hospitality industry) tips and service charges, is very important. A POS should be used to help streamline taxes and ensure that you don’t get into trouble with the ATO. Keeping an eye on the bottom right hand corner has never been easier; with the right POS you also should be able to get an instant snapshot of profit and loss.

  1. Monitor employees’ performance

A good POS should have the facility to allow you to monitor staffing costs and the hours worked, as well as the ability to produce timesheets and individual sales targets. Whether you are a small to medium enterprise or a larger conglomerate, the biggest bill you have is the salary cost. Using a POS means you can ensure that staff are working at maximum capacity and you have real time access to sales. There are also systems that can help to track areas of concern in terms of loss or theft, so it acts as an inbuilt security check as well.

  1. Stock control

Real time inventory management is a valuable asset to have in the one package, so check that the POS you are considering offers this option. Pre-set stock levels means automatic ordering takes place and you can alter these levels depending on the business cycle. You shouldn’t be left with stock sitting in the warehouse costing money and causing your shrinkage figure to increase.

  1. Fit for your purpose

Your business is unique in the way you operate, so you want an off the shelf product that has the ability to be tailored to your requirements. Look at the different functions on offer from the POS you are considering. Being able to customise it to suit your needs is important, so if you can change the interface it becomes personalised to your needs. Find a POS that ticks all the above requirements, and you can rest assured that it will be the right choice for your business.

 

If you need a POS system that effectively fulfils these considerations, plus is capable of doing much more, find out more about what we at Abacus POS offer. With operations in Melbourne, Sydney, Adelaide, Perth and Brisbane, one of our staff can discuss with you the value of our POS system specifically for your business.

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