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Everything You Need To Know About Pos Terminals
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Everything You Need to Know About POS Terminals
Gone are the traditional operating systems of keeping records of payments and inventories and moreover managing cash. Peddletech, POS terminal provider India does all for your retail business to move ahead in a systematic and easy manner. Operating your retail store calls an array of administrative and management skills including marketing sector too. This includes handling your inventory, adding in the monthly report, billings empowering you to run your store smoothly without any hiccups.
Let’s understand what is POS Point Of Sales System?
This is an electronic device used to process payments through cash or card at your retail store or location. POS features:
• Reads customer’s credit card or debit card information
• Checks for sufficient fund balance in customer’s account
• Post-transaction transfers funds from the customer’s account to the sellers' account
• Records transactions and generates prints of receipts
The POS serves as the central component for your business and is the hub of everything – sales, inventory, customer management and many more.
Let’s have a look at the difference between the On-Premise and Cloud POS:
On-Premise POS Cloud POS
Buyer needs to purchase one or more licenses and install software on computer systems by the IT Expert Buyer can access the software on any device at any time, as it is connected with internet
Buyer needs to update and maintain the software Updates are available online and pushed to the POS
Require dedicated IT professional Individual from company are required to manage the Cloud POS
Required costly hardware to be purchased Minimum upfront cost
When you are deciding to buy the POS terminal in India, Peddletech caters the below hardware components of this system:
Monitor or Tablet: This will displays the product database, stocks, prices and other functions such as employee check-in and check-out, viewing sales report. iPads and tablets replace bulky monitors and make the work easier.
Barcode scanner: This automates the check-out process. With the Barcode scanners, the seller can pull the product info and add it to the check-out procedures. It can also be integrated with inventory management systems to automatically adjust the stocks.
Credit card reader: With secure and EMV compliant credit card reader, no business owner faces the fraud liability and possibly huge losses.
Cash Drawer: This is something that most of the retail owner is looking for. Cash is the King. This will help you to secure your cash in a drawer with automatic locking and unlocking system.
Receipt Printer: Printer receipts are still essential after the bill payment is made. And with this, as a store owner, you can easily print the receipt and handover to your customer.
Key features of the Posiflex POS system:
As a business owner, you come across too many task tedious tasks and also is resource exhaustive. With our right POS system, you can simplify the daily crucial business operations at ease and with greater proficiency. Here are a few key benefits of using POS systems:
Sale Reporting: Now record the sales data and analyze it for business decisions. This enables you to have a look at your sales report. The sales data will be accessed at ease.
Inventory management: It makes easy for you to keep data of stock quantity and determine when and how much is required. You can often reorder according to your inventory needs.
Customer management: Once the purchased is logged, you can get in touch with customers through marketing tools for pushing notifications of discounts and promotional offers.
Employee management: Easy to track your employee log-in and log-out details. Analyze your top-performing employee at the same time.
Lastly, if you are choosing the best POS Systems for the first time, then start making the list of features that you require. It is most important to see usability and agility in POS. Once you start looking for a POS system, check out the Posiflex POS system price at Peddletech and get the best services for your business.
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