Thursday, 23 March 2017

7 Important Points to Choose the Right POS System for your business

7 Important Points to Choose the Right POS System for your business

There are innumerable types of businesses worldwide each with their own unique methods of functioning. With the latest advancements in technology, the sky is the limit on what these businesses can achieve. A right POS system helps businesses do a number of activities which were not previously possible from a single platform such as transaction tracking, sales tracking, employee management, inventory management and more. It also raises efficiency, profitability and also provides you with more. Here are a few ways you can assess the best POS solution for your business. 

1. Identify the needs of your business
Analyze your business from top to bottom. Talk with your employees and write-down what issues they are facing. Find out what your business is missing and identify in what all ways your business can improve. This will help you get an in-depth idea of what is missing and what the features of the POS software you need should be. 

2. Hardware
Take note of the computing hardware you are running your business on. Some POS softwares require new hardware while others work on existing ones. Some might even require only a tablet or a laptop. Having an idea about one’s hardware system helps you understand if a POS system which requires a new system is required or if it would be worth the investment. 

3. Budget
There are different types of POS softwares ranging from cloud based softwares to offline desktop based ones. They also come in free and paid varieties. The prices vary based on the extensiveness of your business i.e how many branches or outlets your business might have. So, choosing the right POS solutions depends on the nature and finances of your business. 

4. Industry  Specifics
There are many POS solutions out there. Some may be custom built specific for an industry while another might be general usage POS software which can be customized for an industry. Make sure that when you choose your solution, it adheres to the functionalities you require and also supports third party integrations so your business can evolve to the customer’s ever changing demands. 

5. Audit the options
In-depth research of the different kinds of POS softwares out there helps you understand the differences in the features of the each software and how it will support your specific business. A little bit of industry feedback and gathering the experiences of other retailers also goes a long way in helping you make a decision. Contact the solution provider, gain knowledge about their company, start a discussion about the software with other retailers and also do online research before making up your mind. 

6. Demonstration
After you have chosen the solution you want to buy, next is the step where you request a demonstration. You can reach out to other retailer using the software and view it in action or, since most solution providers give a free trial, ask for one. Use it yourself and see how it performs under your business conditions. Also keep an eye out for its data transfer capability since it will play a major role during migration from your old system to the new. 

7. Set Up & Use
Assess how easy to setup and use is the software since you will be the one using it after the technicians leave. Usually, the POS providers give a comprehensive list of instructions on how to properly install and set-up the system. The set-up process will vary according to the size and requirement of your business and if you are in doubt contact the solutions provider and request a walkthrough. Make sure that the software has easy to use UI and can be used by you as well as your employees easily. Also make sure that the provider has support technicians near your business location so that they can be at hand if assistance is required. 

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