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Why POS Software Should Be Your First Focus

With the advancement of technology, store owners in Pakistan are transforming from bricks to clicks. They are upgrading their traditional cash registers to retail pos system. Nowadays, retail POS system is becoming a must have for businesses in Pakistan because of its features which are beneficial for increased productivity. It synchronizes both back-end and front-end operations of the business and provides an accurate analysis which plays a vital role in business success.

POS stands for point of sale. In the beginning, when POS software was introduced, it was just used to perform some basic tasks such as transactions but nowadays retail POS systems act as a backbone of the business as a lot of new features are added in them with the passage of time and customer feedback.

Retail POS system basically consist of POS software and hardware. The software is provided by the IT provider which manages your different tasks of the business while on the other hand hardware consist of different equipment such as printer, bar-code scanner, monitor, p.c or tablet/cellphone as per persons requirement.

In Pakistan retail POS system can supports almost every kind of business. Whether you own a restaurant or you are running a coffee shop or even if you own a retail store, POS software can help you in aligning your routine tasks in an efficient manner. It helps you in managing merchants, retailers, and with features such as sales reporting and analytics, customer management, loyalty programs, inventory management, employee management, and online sales.

There are two types of retail POS system offered in Pakistan:

  1. On-Premises POS software
  2. Cloud-based POS software

 

Following are the benefits of a good POS software:

Inventory Management

POS software offers a module in which you can manage your inventory. Inventory of both retail store and warehouse can be seen on a single screen. It helps in keeping a check on your stock and analyzing which products are most demanded. By keeping a track of your inventory, a person can ensure the availability of the most demanded products to ensure customer satisfaction.

Customer Relation Management

It helps you to keep a track of your customer and changing trends in the market. A person can determine by seeing the previous year’s report of that particular time and date to ensure the availability of the product. It also keeps a check on vendor details as pay-orders and goods receiving noted are also created in the same software.

POS (Point of sale)

Point of sale is the place where the transactions are made. Bar-code scanning fasten ups the process of billing and an accurate bill can be made with no time as you just have to scan the products and it will automatically create the bill by summing up all the items retail price and the invoice is generated.

Financials

An accurate report of all the financial matters can be made by performing a trend analysis and comparing all the transactions up till the date. It reduces the workload as if performed manually there are chances of errors and it will be time consuming as well.

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