Reduce Your Cost By 30% By Using These POS Systems
For entrepreneurs, the cash register has long been the sound of music. Today the cash register of even the smallest business may be attached to a computer via “point-of-sale” (POS) systems. These systems have grown in popularity over conventional cash registers because they don’t just ring up sales. They amass vital, real-time information about your inventory and customers.
Your POS system is the lifeline of your operations. But choosing a POS system can quickly become overwhelming. So we did the leg work for you to help you find the right POS system for your business. From traditional POS systems to iPad POS systems.
POS systems help manage the transaction between a buyer and seller and typically support physical rather than online storefronts. Far more than just a cash register or credit card terminal, POS systems consist of various combinations of software, hardware, and services to keep track of everything from items, prices, taxes, sale date and time, discounts, and payments.
According to Intuit market research, by using an affordable, integrated POS system, an independent retailer can cut costs by close to 30% percent, saving huge in a year. The question then comes, how can you not afford a POS system?
Apart from reducing costs, it benefits the entrepreneur with:
- Improved efficiency
- Flexible expansion options
- Accurate and timely reports
- Improved customer satisfaction
Shopping for the Right POS System
In looking for a POS system, the choices are many, the price can range from hundreds to tens of thousands of dollars, and the final decision can be difficult. Here are some guidelines to help.
- 3 words of advice: inventory, inventory, inventory. All POS systems ring up sales and track inventory. But a good one will let you assess your inventory easily and thoroughly. You should be able to set alerts for items running low, readily add new items when they come in, account for back-orders, and even generate purchase orders to send to vendors.
- Weigh ease-of-use against functionality. Generally speaking, the more complex your orders are, the more features you’ll need. But consider as well the time needed to bring new employees up to speed and the time you’ll invest training them. The best systems offer a balance of both.
- Look for a system that can start small and grow with your needs. If you are on a tight budget, you can begin with a basic setup: POS software running on a PC with just a drawer and receipt printer. Later on, you can add on as your needs dictate, perhaps a bar code scanner and credit card reader to begin with, then add an inventory tag printer, pole display, or PIN debit pad.
SME Joinup has lined 5 best POS system service providers to choose from suiting your budgetary and business needs:
ePAISA – Mumbai
ePaisa has built a multi-lingual mobile based point of sale system that not only enables small businesses to accept credit and debit card payments with smartphone and tablets but also helps them generate revenue.
Their value added services and its multiple product offerings like bill & utility payments, mobile recharge, cash register, inventory control, real time reporting, money transfer, rail, air and events ticketing, gift cards, loyalty program and more increase footfall and revenue for the small business owner and thereby converting ePaisa point of sale into a revenue earner.
It offers services like: Bill payments and mobile recharge, Payment solutions, Inventory management, Loyalty and marketing.
ePaisa is also the winner of TechCrunch Bangalore and Red Herring Global.
Their customers include names like: Delhivery, Mega Cabs, Kinche, Select Citywalk, Travel food service, Tpot, Cuisine Croft
SME Joinup recommends ePaisa, as it is working hard to ensure that accepting payments is neither complicated nor old fashioned. The process should neither require lengthy paperwork nor expensive terminals.
As entrepreneurs and small business owners ourselves, they believe in the power of SME’s and entrepreneurship, especially the positive effects it brings to the people, the community and to the economy of our nation.
Zeta Software – Kochi
Zeta Software, is a privately held software company established in the year 1998, that specializes in enterprise software ranging from ERP (Enterprise Resource Planning) to CRM (Customer Relationship Management) and HRMS (Human Resource Management System).
With offices in London, Dubai, Kochi and (shortly opening in) Singapore, Zeta markets its solutions through the regional offices and a global reseller network in Europe, Africa, Middle East and Asia Pacific. Zeta Software targets mid-sized manufacturers and distributors, as well as divisions of multi-national organizations.
PayMate is a leading provider of mobile and e-payment solutions that enable consumers to make payments and transfers anytime/anywhere, and allows merchants to accept electronic payments and make business-to-business payments. All these services are simple, secure, and delivered via PC or mobile devices.
PayMate offers its services in partnership with Airlines, Car Rental companies, Hotels, Banks and other third party financial service providers. It adheres to industry leading standards and best practices in compliance, security, and risk.
PayMate is funded by blue chip Silicon Valley based investors including Kleiner Perkins Caufield Byers, Sherpalo, Mayfield and Lightbox Ventures. PayMate is headquartered in Mumbai, with operations in South Asia (India, Nepal, Sri Lanka)
INNO APPS INDIA is an international IT services company, specializing in mobility, cloud enabled solutions and services for various enterprises. Their proven and readily available solution stack enables enterprises with time-to-market advantage and platform independence. Their cloud-ready solutions enable enterprises to rapidly deploy services with ease and at low cost of ownership.
Their services include:
- Product engineering
- Mobile app development and customization
- UI/UX design
- Web solutions
Building a stronger, more personal relationship with technology savvy customers will ultimately drive sales and loyalty, but takes the right investments to accomplish. Creating an exceptional customer experience is more important than ever. To stay in the game, you need to step up your digital toolkit and mobile Point-of-Sale solutions (mPOS) can help.
HDPOS Smart- Bengaluru
HDPOS Smart is team of software developers and designers working hard to make better POS system for your businesses. With their objectives to provide their customers with clear & instant insights into the business information about stock, sales, profit/loss, ensuring you make optimal benefits from our software for your business operation.
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2 thoughts on “Reduce Your Cost By 30% By Using These POS Systems”
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