Afraid to Make the Transition to a POS? Here’s Why You Shouldn’t Be!2 min read
With practically every new release of technology, it’s expected and normal that there will be a bit of initial apprehension among the majority of potential beneficiaries, even when everything about it sounds like it would bring a great way of streamlining to their operations. Probably more than any other advantage to be gained from moving to POS technology is the tremendous money-saving it provides.
Reduce Your Payroll Significantly
The most recognizable and effective way in which a move to POS technology will save you money is huge. First and foremost is its ability to allow for a (sometimes significant) decrease in employees, as POS technology is fast. It allows the process of checkout to be quickly transacted, meaning that one checkout station (or cashier,) will be capable of checking out many more customers in a shorter period of time. Moving former payroll expenses over to the side of profit is a real way you’ll save, and there will be no frustrated customers who tire from standing in long checkout lines. Ultimately this will mean that you won’t lose sales due to extensive wait time for checkout. You will also be able to process a variety of payment options securely and seamlessly.
Monitor Volume of Giveaways
Not only will you be able to keep a better record of the current status of all your inventory, but you will be able to keep a close eye on just how many discounts and promotional incentives your employees dispense to customers. You will have accurate and detailed information on each workstation, every day, along with knowing who was manning it.
Loss Due to Theft
Just when you have come to accept a certain volume of lost profits that occur due to both employee and customer theft, in comes the POS system technology, with various dependable methods that address loss by theft. These include limiting employee access to cash drawers, and the requirement of a MOD to perform or approve cash drawer openings, exchanges and refunds. The statistics on employee theft in today’s workplace are staggering, and regardless of how much you think you can trust any of your employees, don’t give them the opportunity to disappoint you. Employees who understand how the POS system works will realize that their previous window of opportunity no longer exists.
Track Shift Hours
A smaller but significant manner of savings can be found in management of work times of every employee. The POS technology software for keeping track of everyone’s time on the clock provides irrefutable evidence of exactly when an employee came on the clock and when the clocked out. This solves the problem of anyone fudging on their time for a little paycheck increase.
