Today’s point of sale systems (POS systems) come with a wide variety of features that allow you to manage payments, inventory, loyalty programs as well as employee performance all in one. The best part is that you can do this from anywhere in the world as long as you have a smart device with you! When you are searching for a payment system that will meet your business needs, below are five main features you will want to watch out for!
Besides coming with the terminals that you need, you also want to ensure that the software your POS system comes with is user-friendly. For instance, you should be able to access everything you need on the dashboard with a minimal number of clicks. This can include payroll, email marketing, accounting, and so much more! You may also want to consider a cloud-based data system, where all your information is automatically updated.
Accepts a Wide Range of Payment Modes
Some of your customers may be die-hard fans of cash over the years. However, you need to be able to accept a wide range of payment modes in order to stay afloat in today’s challenging world of business.
From major credit cards to loyalty points and gift receipts, think about how you want to structure your payments, not only now but in the future as your business grows. You should also make sure that your POS system can automatically calculate sales taxes on top of handling returns and refunds.
Employee Management Tools
As a bonus, your POS system should come with employee management tools. This will help you to see at a glance the sales volume of each employee as well as the total commissions payable to them. You can also manage employee shifts and timeliness. Not only does this save you valuable time, but it is also highly convenient as you can access this information on your smartphone or tablet anytime, anywhere!
Automated Updating of Inventory
Each time a sale is made, your POS system should automatically deduct the relevant items from your inventory. The same goes for when an item is returned, whether to your warehouse or directly in store. This will enable you to receive insights into which items are popular and fast-selling, which items are better off not being restocked, as well as make any pricing adjustments when necessary. These insights can be translated to actionable insights, allowing you to put in the relevant orders timely!
Customer Support Features
No matter how reliable your POS system is, you can face issues with it from time to time. Instead of banking on the hope that it will never present you with any difficulty, search for a provider that can provide you with superior customer support. At Millennium Payment Systems, our 24/7 customer support team is based in the US & Canada, giving you peace of mind that your problems will be solved timely without the danger of getting lost in translation!