Small businesses are often juggling multiple tasks with very little time to waste. There are certain investments that the business can make to improve efficiency, and these are nearly always technology related. In this blog post, we’ll explore the merits of a small business Point of Sale (POS) system, the types of businesses that will benefit from employing the hardware and software that Eftpos Now supplies.
Is a POS system right for your business?
A Point of Sale (POS) system is an excellent tool that can help streamline your business operations, handle sales transactions, and generate reports. Small business POS system assists owners with keeping track of their inventory and sales, and making informed decisions based on accurate data. Here is an overview of the different types of small businesses that stand to benefit from a POS system:
Retail and Online Stores
If you own a retail store, a small business POS system is a must-have tool. Where cash registers were once considered an adequate way to record transaction details and history, with the advantage of providing customers with detailed receipts, POS has elevated this technology to a whole new level.
You’ll want to track inventory, sales, and customers effectively, and a small business POS system delivers on all fronts. A POS system can automatically update your inventory and keep track of promotions, number of customers, and product combinations. You don’t even need to be onsite to login and monitor different metrics that are important to you! Modern POS can also support e-commerce integration so you can stay on top of your orders and shipments and customers can place orders from home before visiting your store – the possibilities truly are endless.
Hospitality Businesses
A restaurant, bar, or cafe needs to keep track of a lot of moving parts – orders, menus, tabs, happy hour, customer information, tables, and more. With a POS system, you can manage all these elements from one portal with a surprisingly small number of hardware components. The small business POS system can also generate reports on inventory, sales, table turn-around times, and employee performance. Tack on large self-service kiosks, and you’re really cooking with gas!
Service Providers
Small businesses that provide services, such as hair salons, spas, and fitness centres, need to track inventory and customer data. A small business POS system can help these service providers stay organised, keep track of services rendered, send customer reminders, and track payment data. Rather than pay for a separate online booking platform (yet another subscription!), the in-built calendar booking system is available using our software of choice.
Mobile Businesses
Some small businesses, such as food trucks, event planners, and farmers’ markets, operate remotely and on the go. Mobile businesses need a POS system to handle sales transactions, manage inventory, and track customer data like any bricks and mortar store. A desktop POS bundle enables you to do business in different locations – you simply need to ensure there is power and a Wi-Fi router available to you. If this is not possible, you should seriously consider our portable POS option, Salespoint, which utilises a SIM card to communicate over GPRS and has amazing battery life.
Pop-up Stores
Pop-up stores are becoming increasingly popular among small businesses. Activations and kiosk stores in shopping malls are also popular for SMEs that want a temporary lease in bustling shopping malls. Managing inventory and sales over a short tenure requires a scalable solution that is economical and fit for purpose. Ask us about our short-term rental options for both countertop POS bundles and portable POS systems. You may find this flexible arrangement may be just what you need for a seasonal business or before you commit to anything long term.
Event Organisers
We have many clients who have tried AWOP technology (the RFID wristbands) and have found the loading, topping-up and refund aspects of this payment platform to be problematic and are returning to POS and EFTPOS to transact. Using small business POS systems at bars and major events will help queues flow fluidly and ensure transactions are captured and processed accurately. This also extends to ticket and merchandise sales. Eftpos Now can provide full wrap-around support at these events so you can leave one of the most vital aspects of event organisation, payment processing, to our reliable team.
Hospitality and Lodging
From boutique hotels to large-scale resorts, the hospitality industry relies on efficient management of bookings, guest services, and amenities. Our software of choice, Idealpos, integrates with up to 12 different accommodation software packages to allocate charges to rooms.
Conclusion
A POS system is essential for small businesses that want to streamline their operations, manage inventory, and track sales. Whether you operate a retail store, a restaurant, are a service provider, or own a mobile business, a small business POS system can have a significant impact on your business’s growth. Not only does it free up your time, but it also allows you to stay on top of sales and customer data so you can make more informed decisions.
To learn more about a small business POS system and how it can help your business stay dynamic, contact us today.
Don’t settle for mediocre POS systems. Partner with Eftpos Now and enjoy a cost-effective point of sale experience in NZ. Discover the power of tailored solutions by visiting our Point of Sale Systems page today. Your business deserves the best!