As consumers are inundated with product options, a retailer’s point of difference often comes down to our customer service.
Cue the retail POS system.
It gives you the flexibility to build customer profiles, track sales and inventory, and monitor your business performance—all from your tablet or desktop. Whether you’re totally new to POS systems or you’re just ready to dig a little deeper, we’ve rounded up everything you need to know about the retail POS system.
What is a Retail point of sale?
From your actual point-of-sale (as in: your cash register) to your payroll and accounting software, a true retail POS system offers the best of all worlds—and lets you enhance your customers’ experience along the way.
Essentially, it’s the streamlined digital network that ties your business processes together.
Why does my retail business need one?
To track your performance in real time and help you create a strong strategy for future growth. It’s not just about completing transactions anymore—your POS system shows you the big picture.
Track sales analytics…
Gain insight into your sales, plan marketing strategies, and quickly call up reports that support you in making informed decisions about the direction of your business.
Look after your customers…
A quality POS system helps you keep track of valuable customer information—ideal for building positive relationships and establishing brand loyalty.
And take care of your bottom line.
Features like automated stock control, costings, full KPI reports—look out for these to keep your business in the black. If you manage staff, there are retail POS systems that offer integration with payroll and HRM software, too.
Which Retail POS do i need?
The one with features that fit your business
There are six features that we love to see in a retail POS system. Whether you’re just starting out or your business is getting ready to go global, here are the core functions we think every retailer needs:
- Customer relationship management (CRM)
- Inventory control
- Staff management or payroll integration
- Accessible KPI reports
- Strong customer support—with training documentation
- An easy to use, responsive user interface
3 POS systems To Try
Lightspeed Retail—available on iPad with desktop support
This is an iPad based system that also runs on desktop. It offer quality hardware packages that include scanners, iPad stands, and printers, and gives the most flexibility in inventory management. This system is scalable, and has the capability to handle small or large businesses.
Lightspeed Retail wins for: managing complicated inventory lists.