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Livening in Nottingham I need to manage a business that conducts sales, the first thing come to my mind is a point of sales(Epos). You have probably at least considered the advantages of a Point-of-Sale system (POS), or most likely you’re already using one. Here a good Epos system in Nottingham.

 

Brick and mortar shops have traditionally used conventional POS systems to facilitate the checkout process, collect payment from the customer, and log/print relevant receipt data. However, a recent wave of electronic Point-of-Sale (ePOS) systems has set a new standard for sales process management, combining the convenience of eCommerce, mobile device compatibility, and a software-based approach that’s vastly superior to the analogical hardware-based POS systems of the past.

 

With that said, here are 12 straightforward reasons why every company should consider upgrading to an ePOS:

1. Accepting the Widest Range of Payment Methods

 

With card swiping dongles making it easy for offline customers to slide their card anywhere, and online payment processing that can accept almost any form of payment, an ePOS can equip your company to collect payments from as many customers as possible. Want to accept foreign currencies, direct bank transfers, funds from a payment processing account? All of those possibilities are within reach using a versatile system like Vend POS or Shopify’s POS – see the following websites for more information https://www.vendhq.com/uk and https://www.shopify.com/pos/retail

 

Of course, the ability to accept more payment methods will directly translate to more sales because you won’t be losing any customers on this front.

2. Ability to Distribute and Accept Store Gift Cards

 

An ePOS can also position you to offer and accept virtual and physical gift cards that can be customised to your liking. This will increase the likelihood of return business and referrals because people will be practically obligated to spend the funds with your store after they’ve loaded the money onto one of your gift cards. Of course, gift-giving and sharing are also great for spreading brand advocacy and awareness.

3. Compatibility with Digital Shopping Carts

 

The best EPOS system for your business has a robust shopping cart system that customers use to select and pay for items. For businesses that conduct both offline and online sales, an ePOS can centralise online shopping cart data into the same interface that’s used to manage offline sales. Advanced ePOS solutions like Vend are designed to seamlessly integrate with the leading digital shopping carts for a streamlined customer experience that facilitates a high rate of satisfaction and loyalty.

4. Better Inventory Management

 

Instead of splitting inventory management into an entirely separate department, an ePOS continually updates this data in real-time as each purchase is made. In fact, the system can even be set to issue an alert notification when items are running low and need to be restocked. In this way, the ePOS can raise your bottom line by preventing a reduction in sales caused by out of stock inventory.

5. Accurate Accounting and Analysis

 

With more detailed inventory and receipt tracking built into the system, an ePOS allows for the utmost accuracy and consistency in your company’s accounting practices. Likewise, this data can also be used to enhance sales analysis, to spot discrepancies and opportunities for improvement. Plus, accounting data from all stores and sites can be displayed within a single administrative interface for an all-inclusive representation of your brand’s finances as a whole.

6. Pursuing Projected Sales Targets

 

Comprehensive ePOS systems like Vend also make it possible to set specific sales targets and objectives for stores and employees. You can track individual employee performance to identify your strongest and weakest links on your team, while also assessing overall store results on a daily, weekly, and monthly basis. Thus, these systems provide powerful goal-oriented initiatives and valuable insights that can be used as primary points of focus during corporate meetings and conferences.

7. Connecting the Management of Multiple Stores

 

Instead of having to merge databases and add up the revenue and other stats of each individual location, companies can use an ePOS to bring all of this information together under a single umbrella. A centralised sales management approach is ideal for any business that currently has multiple locations or plans on expanding in the near future. Likewise, companies that operate online stores in conjunction with a single offline location can also benefit from this functionality.