Retail businesses, no matter how big or small, have come a long way from the cash register days to web-based POS systems that give greater control to the POS operator.
With a variety of POS players in the market and rapid advances in technology, it is easy for businesses to be confused or settle for a lesser system that does not give the complete benefits of a POS system. We have discussed how to choose a good POS system in a previous post. This post points out some important consequences of using an outdated POS system.
- Delays in the checkout process: A slow moving checkout line can frustrate even the best of us, and thus lead to lost sales. Customers greatly value – and therefore come back to – stores with a fast checkout process that is not riddled with avoidable delays. A POS system that is not easy to operate can cause the POS operator to spend longer on processing/completing a sales order, leading to disgruntled customers and fewer sales, and possibly even bad word-of-mouth. All of this could easily have been avoided, however, with an efficient POS system that is easy to use even for a first-time POS operator.
- Limited payment options: These days even in-store retail customers like to have multiple payment options available to them, and having such a variety available increases your chances of completing a sale successfully. An up-to-date POS system would let you accept both online and offline payments such as cash, credit card, and check, along with other options such as gift card, vouchers, credit notes etc. You would not have to turn away a customer just because he does not have enough cash on hand or balance on his card, if your POS system is equipped to process multiple payment methods for a single order.
- Inability to provide personalized customer service: Even for a retail customer at the checkout counter, personalized service that offers exclusive discounts or loyalty benefits is important. A good POS system lets you offer special discounts/offers to individual customers that are customized as per their purchasing habits or brand loyalty. Creating such discounts is feasible only if the POS system allows the POS operator to store customer data, and pull up discounts set up at the POS backend based on mobile phone number, or email ID, etc.
- Gaps in data integration: For the POS operator, an up-to-date POS system that integrates sales order and customer information with your backend ERP system can make the difference between good and average customer service. If your frontend and backend systems are not in sync, customer and inventory data cannot be utilized to its fullest potential. Just as your POS operator will be limited to simply processing a standard sales order, your backend team would not be able to utilize information to create targeted marketing strategies that are essential to meet your business goals.
- Loss of sales due to internet issues: Outdated POS systems can prevent your POS operators from processing sales orders, or from accepting certain types of orders and payment methods simply because the internet connection is down. Conversely, an efficient POS system lets your sales order processing continue seamlessly irrespective of whether you are online or offline, including processing all types of payments, applying discounts, collecting customer data, etc. Such a system will sync back all the information to the backend ERP and ensure your inventory and accounts databases are updated as soon as you are back online.
Ignify provides a comprehensive retail solution that includes a competitive POS system that caters to the requirements of all types of retail businesses, as well as ecommerce channels. The solution can be used across multiple terminals and store locations, thereby allowing you to maintain a uniform system across stores and not worry about your customer’s checkout experience as your business expands.
To learn more about Ignify’s retail systems, contact us at email@example.com.
Manasi Kulkarni is a Product Marketer at Ignify. Ignify is winner/finalist of the Worldwide Microsoft Partner of the Year Award in 2014, 2013, 2012, 2011 and 2010, and offers eCommerce, ERP, CRM, Order Management and POS solutions based on the Microsoft Dynamics line of products. Ignify has been included as the fastest growing businesses in North America for seven years in a row by Inc. Magazine and Deloitte in the FAST 500 from 2008 to 2013.