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EPOS SYSTEM BENEFITS

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Benefits

BENEFITS



Overveiw

EPOS SYSTEM BENEFITS OF INTRODUCING EPOS


EPOS systems will probably pay for themselves within 18 months if you have a high turnover business, the ROI (return on investment) will be longer for businesses with medium revenues however it will still deliver considerable business benefits and provide many of the essential tools and information to make informed business decisions and grow your business.


For small operations a cash register will probably meet your needs for considerably less money. Many businesses however decide to invest in an EPOS system from the outset, often because they have reaped the benefits before, or because they want to lay a foundation on which they can build upon.


In the long term a good POS system can save you money, increase productivity and save you time that can be spent driving your business forward. No matter how small a business is, an EPOS system is rarely unnecessary as it will bring in business benefits, these may be simply better reports, faster transaction times or better stock management.


However, your EPOS system won’t run all by itself, so the big question is how soon you can make it pay for itself. Here’s a few of the benefits a EPOS can bring and how it can help you.


Reasons

TEN MAIN REASONS TO CHOOSE EPOS


Save time and money

benefits

Save time and money


  • Increase transaction speed and quality of service on a touch screen POS using a barcode scanner.

  • EPOS allows products to be found quicker with stock searches and level checks preventing customers from waiting around.

  • Queue busting and faster ordering can all be achieved by radio handsets.

  • Accurate billing - If an item is scanned it’s in the POS system so you won’t miss that item off the bill.

  • More efficient food sales - customers will get served quicker and kitchens will have more time to prepare orders.

Improve business efficiency and productivity

benefits

Improve business efficiency and productivity


  • Take control - An Epos back office will put you firmly in control of your POS terminals, allowing quick and timely changes to products, retail prices and menu’s.

  • Retailers can run targeted promotions such as happy hours, multi-buys or mix ‘n’ match offers like buy two get one for free, and maintain different price files for different outlets, days of the week, times of the day or special events.

  • Faster order processing for restaurants and quick service operations are achieved by introducing kitchen order printers or kitchen display systems.

  • Real Time sales – Managers can be advised directly from the POS system of fast selling lines to re-stock them

  • Reduced Paperwork - Use your POS system to reduce paperwork and save time doing stock takes or reporting.

  • Hand held stocktaking - empower staff with hand held stocktaking devices to speed up stocktaking and delivery procedures or introduce quick stock checks.


 

Reduce fraud and shrinkage

benefits

Reduce fraud and shrinkage


  • Shrinkage is the general term applied to the inventory that goes missing from your store.It may be simply unreported wastage or theft, and employee misuse.

  • Staff ID buttons (Dallas key ) help reduce shrinkage, by using these on your POS system you record all transactions operators, allowing you to report on individual staff members. 

  • Line checks – quick and random line checks are often more effective than regular stock takes.

Better cash control

benefits

Better cash control


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  • Know your position at any time during the day, a POS system can instantly report on how much money you should have in your cash drawer or how many of a particular product you have sold today.

  • Manager only functions for voids or refunds prevent staff misuse

  • End of day cash declarations on your POS system can force staff to declare cash counts before they know what should be in the cash drawer, making variances easier to trace.

  • Cash Lifts – Set warning levels to alert you when to make a cash lift

Improve stock management

benefits

Improve stock management


  • Minimize stock variances with regular weekly and monthly stock checks

  • Reduce working capital and interest by optimizing stock holding

  • Faster stock taking can be achieved by using hand held stocktaking devices.

  • Stock suggestions. Automatic stock re-ordering triggers can compile and suggest orders when stocks are running low.

  • Stock analysis - Detailed reports make it much easier to keep the right stock on hand. you might find a few surprises once you have this data from their EPOS system.

  • Identify slow stock items, spot sales trends, and use historical data to better forecast your needs.

Build intelligence to grow profits 

benefits

Build intelligence to grow profits 


  • Fast and accurate reports from your POS system to support business decisions and drive business forward.

  • Better margins - Detailed sales mix reports help you focus on higher-margin items.

  • Monitor promotions and discounts to make sure you’re not just giving profits away.

  • Manage staff hours to maximize profits.

  • Compare performance against other stores, days, weeks months and years to build a picture on how your business is performing

  • Improve customers – Consider adding discount cards to your POS system or loyalty cards, gift cards and vouchers.

  • It’s important to remember that to realize many of the benefits of an EPOS system requires dedication, commitment and you need to understand the information being generated, it won’t do all the work by itself. Without suitable training or ongoing analysis, even the most sophisticated EPOS system will be no more useful than a basic cash register.