Ten Reasons to Add a POS System to Your Business

A computerized point-of-sale (POS) system is an essential part of doing business for most retailers, restaurant owners and even service providers, like hairdressers. POS systems make it much easier to run a more profitable business. POS vendors constantly introduce features beyond balancing the cash drawer and processing credit cards. Advanced systems can include developing target marketing strategies, tracking supplier purchases and analyzing sales of each inventory item.

Here are 10 reasons to consider upgrading to state-of-the-art POS systems:

Faster checkout. From authorizing credit card transactions to printing receipts, checkout is faster. POS systems also can print barcode labels and interface with scanners to speed up checkout times.

Produce itemized receipts. POS software delivers detailed information, including item description, list price and sale price. Built-in checks ensure that the information is entered accurately.

Simplify the accounting process. Rather than requiring you or your accountant to pore over hundreds of individual receipts, a POS system allows financial personnel to review built-in reports or create their own.

Streamline inventory management. POS software tracks inventory quickly and accurately. A POS system can track your biggest sellers for reordering when stock gets low.

Increase customer loyalty. POS software can use a name, telephone number or loyalty card to uniquely identify a customer and offer discounts, record reward points or monitor customer buying patterns. You’ll know who your best customers are and why they’re buying.

Improve reporting. POS-generated reports contain a deeper set of information within your business. You can create sophisticated and useful graphs and charts.

Purchase order tracking. Some POS packages allow you to track purchase orders for inventory purposes. You can see where, when and what you paid for each inventory item.

Integrate POS into your business operations. Most POS software interfaces with popular accounting packages. Files and reports can be imported directly into your accounting software, reducing data re-entry and facilitating easier reporting and reconciliation of transactions. This also eliminates the need for paper, minimizes errors and improves bookkeeping and tax record-keeping processes. 



Track employee time cards. Some POS software packages allow you to record employee sign-in and sign-out times. The ability to scan employee cards enables more accurate hour and wage tracking.

Contact Harbortouch at 877.677.0449 to learn how we can help your company integrate an advanced POS solution or other business and accounting technology to automate your operations. Get started by visiting http://www.FREEPOSNYC.com to receive additional information.