Tired of Crappy Old POS Systems? Explore the New Age Point of Sale Solution
1. Tired of Crappy Old POS
Systems? Explore the New Age Point of
Sale Solution
2. Are POS Systems still the future of retail SMBs and
franchises? Probably yes, with Bitcoins becoming a mode of
payment and other advancements in the Technology
Industry like Artificial Intelligence and Connected Things, POS
is indeed Breaking Bad! We cannot deny that there are many
other smart solutions like popular wallets and inventory
management systems, but even then POS is expected to be
a part of a bigger picture.
Then – “A Point of Sale System is a combination of
software and hardware that allows merchants to Smartly
undertake transactions and simplify their day-to-day
operations”
3. Retailers have been accumulating customer transactions
through POS terminals for some time now.
This data was unexplored and did not offer any insights on
customer behavior or their purchasing decisions. Every
product has a lifespan, and similarly, your POS system also
needs some advancement.
4. Old Approach: Brand to Clients
1. Accept Card Payments, Mobile
Wallets, and Coupons
2. Log their Daily Transactions
3. Print & Email Receipts
4. Conduct Calculations of Multiple
Tax Rates
5. Manage Inventory
6. See History & Issue Funds
5. So, What is New?
Technology is taking businesses to a whole new level in the
digital era. And like the other systems, the POS System is
also seen in the new highlights! Here are some of the new
innovations in the current Point of Sale Solutions.
Now – “Well, those Retailers who have not considered
installing a Point of Sale System, are now considering to
implement the system.”
6. New Approach: Brand to Networks
Technology is taking businesses to a whole new level in the
digital era. And like the other systems, the POS System is
also seen in the new highlights! Here are some of the new
innovations in the current Point of Sale Solutions.
Now – “Well, those Retailers who have not considered
installing a Point of Sale System, are now considering to
implement the system.”
Artificial Intelligence Based Point of Sale System
7. Machine learning unlocks the hidden value of the data that
circulates in the retail infrastructure. Retailers have been
using the POS System for a long time now, and machine
learning is only helping them to use the old data in a new and
innovative way.
This becomes a unique opportunity to increase the return on
investment. And without any additional investment, the human
networks can enable such data through Machine Learning.
Importance of the Old Data – Machine Learning
8. With online payments and extraction of data, online data
breaches have become rampant in the digital era. Analytics
from Artificial Intelligence do not invade the privacy of the
customers. There are many measures that can be taken
before the analytics are produced through ‘Human Networks’.
High End Security & Better Privacy
9. With the help of these new technologies, POS has become a
rich data source. It can provide opportunities through the
insights of customer behavior and preferences. This will give
the retailers, an understanding of how customers patronize
brands in their social circles.
IoT based Analytics
With the help of Bluetooth technology, the system has the
ability to recognize the customer at the entrance, and further
offer them with coupons that can be used without using the
mobile phone or voucher. This offers enhanced customer
experience and also gives the opportunity to cross-sell or
upsell.
Technology Enabling Smarter POS Software
10. With the help of Predictive Analytics, the retailers can know
how much inventory will be required in the coming times and
what kind of stock should be planned. This would save the
cost to a great extent.
With the help of Bluetooth technology, the system has the
ability to recognize the customer at the entrance, and further
offer them with coupons that can be used without using the
mobile phone or voucher. This offers enhanced customer
experience and also gives the opportunity to cross-sell or
upsell.
Technology Enabling Smarter POS Software
11. With the help of Connected Things Sensors, the retailers
can know about the status of the stocks in each counter or
know about the requirements of the store, restaurant or
warehouse. They can also reduce wastage and save costs.
They can, in fact, learn about the number of footfalls in the
retail space and much more.
With the help of Predictive Analytics, the retailers can know
how much inventory will be required in the coming times and
what kind of stock should be planned. This would save the
cost to a great extent.
12. With the help of Cloud Computing, the retailers are able to
work from anywhere and access their data from anywhere.
And this is why, in the digital era, traditional POS system is
being replaced with the Cloud Point of Sale Solution. That
offers a 360° Solution to the retailers, enabling them with a
smarter and safer solution.
13. The costs incurred for integrating such technology will be
mostly confined to the software licenses that are required to
extract the data from the old systems. Although investing in
‘Human Networks Metrics’ has a greater potential than
investing in marketing through social media or any other
means of marketing.
How About the Costs?
14. A Full Suite of Enterprise Grade Operations Offers Scalability
& Moves Data Seamlessly
POS Solution by Helios Solutions
1. Front End Order Entry
2. Case Register & Payment Processing
3. Back –End Personnel Scheduling
4. Time Clock & Payroll
5. Centralized Inventory Management
6. Sell Online & Process Refunds
7. Comprehensive Product/ Menu Management
8. Advanced Reporting to Measure & Optimize Business
Performance
9. Apply Discounts & Customize Tax Calculation
10.Location Based Service – View Bill, Enter Tip & Pay or Split
Payment
15. There is a huge demand in the retail industry for a Smart POS
Solution. And for this, we have prepared multiple modules
that can be integrated to customize the POS System as per
the requirement of the customer or partner.
Originally Posted On:- https://bit.ly/2vxvgNj