Bharat SainiLast Updated on January 10, 2014 by Bharat Saini
If you are in business, you need to make sure that you will have an effective EPOS system. You need to make sure that your staff will be able to manage the payments of customers, have it recorded, and do the necessary calculations in a very efficient way.
What Is Point of Sale (EPOS System)?
The point of sale of your business is the place where retail transactions take place. Customers make their payment here for the products or services they have bought or hired. POS also serve as a place where your staff will calculate taxes, give change back, as well as issue receipts to the customers.
The old-fashioned style of point of sale is very time consuming and let you waste too much time in typing and encoding prices on your computer with the use of keyboards. Calculations are also done manually, which wears down your staff. If your staff grew tired of the process, this will increase the risk of human errors, causing your company to lose money. Therefore, you need to make sure that you will improve your point of sale system.
Why Use EPOS System?
EPOS is an acronym for Electronic Point of Sale. This system will allow you to handle sales transaction electronically. With EPOS, you can simply scan the barcode stickers on the products bought to you by customers with a use of barcode reader and their prices will be automatically encoded on your computer. EPOS will also calculate the total amount of the products bought and their taxes. Once calculated, the system will also automatically print a receipt, which you can issue to the customers. EPOS can also record data automatically, allowing you to check your sales transactions in case you need them as a reference when handling your accounts.
With an POS system, you will be able to complete the transactions made at your point of sale in a much quicker way. This will also make things easier for your staff, allowing them to endure the day and continuously provide quality services to your customers.
Since EPOS allows you to do things quicker and easier, this also means that you will also save money. The old-fashioned POS systems are time consuming and require you to hire too many employees just to attend to your customer’s needs. Since EPOS allows your employees to do things faster, you won’t need too many employees to handle buyers, allowing you to reduce the total amount of salaries you need to pay during payday.
EPOS will also help you reduce the risk of human errors. In the old-fashioned system, employees need to do the calculation manually, which is a tiresome procedure. Imagine calculating the change backs as well as the taxes for each product that your customers bought from you. With all the figures that you need to calculate, you can expect that you will have headaches before the end of the day.
Committing errors at the point of sales can cause a serious blow to your finances, even if your employee only made a mistake in the number of figures to encode. Remember, it will make a huge difference if your employee encoded $1,000 when the actual price that the customer paid is only $100. Even if it only differs by one figure, this error can mess up your financial record big time. Therefore, you need to make sure that you will do your best to reduce the risk of human errors.
You will be able to reduce the risk of human errors to zero with the use of EPOS. With this electronic system, you will be able to set into automation the tasks that your staff will do at your point of sale station. With EPOS system, your employees do not have to encode prices to the computer by typing with the use of keyboards. They can simply scan the code stickers with a barcode reader and the price will be encoded to the computer automatically. Calculations are also made in automation. With epos till systems, the total cost of products and services bought to you by your buyers will be displayed instantly, along with the change backs for the payments made by the customers.
You need to make sure that you will be able to do transactions quickly and efficiently if you want your business to be competitive. You must also ensure that no human errors will be committed especially when it comes to your sales transaction, since they can cause a serious blow to the finances of your business. You can reduce the risk of human errors, as well as increase the efficiency of your business with the use of EPOS tills systems.
