Four ways a smart terminal can help your business thrive.

Just keeping your head above water as a small- to mid-sized business owner is a daunting challenge these days. Fortunately, modern payment processing technology is rich with capabilities that should lead not just to survival, but increased profits and sustained growth. Take a few minutes to learn how just one device, a smart terminal, can revolutionize your entire operations!

1. Streamline your inventory management.

Knowing what products to order and in what quantities can puzzle even the most experienced entrepreneur. But what if you had a partner who kept track of everything you bought from delivery to sale and beyond? What if they also recorded who bought it and added the information to that customer’s purchase history? Then, let you know when items were running low in plenty of time to allow you to reorder them before they ran out? 

All of these tasks are easily accomplished with the right smart terminal, that hardware-software combination that should seamlessly interface with the rest of your software and systems. With it on your side, you never need to dread inventory management again.

2. Enhance your employee relationships.

Knowing which staff are working and on what shifts is vital to your success. So is coordinating vacation schedules and overtime. Instead of relying on an antiquated bulletin board and timesheets, embrace the future by delegating employee-related tasks to your smart terminal.

It can effortlessly create spreadsheets and schedules that can be tweaked from anywhere at any time. Furthermore, it can send electronic notifications to every worker letting them know their shifts, and can keep track of benefits and other compensation as well. Both you and the people who work for you will benefit from the accuracy and ease of use that a smart terminal provides.

3. Deepen customer relationships.

If you are like many business owners, you have discovered that shoppers love to be incentivized for making regular purchases. Loyalty programs are a great way to generate buzz and encourage patrons to come back again. The only difficulty seems to be keeping track of those pesky cards and receipts.

With a smart terminal, you have built-in database capabilities that allow you to record and store customer information, including demographics and purchase histories. It’s then a breeze to set up a loyalty program that basically runs itself. Since it is connected to the register, each item a person buys is recorded and credited to their account. Once they earn a reward, it can be emailed to them, printed on a paper receipt, or displayed right on the POS screen.

4. Create actionable reports.

Don’t you wish you had time to pore over spreadsheets so that you could get a realistic, up-to-the-minute idea of business-related data? Wouldn’t it be nice to track individual employees’ performance or sales trends so that you get a good idea of what items are trending and which are fading in popularity?

Despite its small size, your smart terminal holds a great deal of business-related information. With just a few clicks, you can ask the system to generate clear, precise reports that spell out exactly what you need to know. Armed with this intelligence, you can spot dips in sales numbers, learn which associates need additional training to increase their performance, and thereby set the course for the future growth of your business.

Adding a smart terminal to your suite of equipment is affordable and intuitive. Just ask your payment service provider to inform you of your options. Before long, you will be using your smart terminal to take your retail store to a whole new level!