Spring forward your retail operations with one simple step.

When you sit down and try to brainstorm ways to catapult your ecommerce or brick-and-mortar store to the next level, payment processing for retail businesses is probably not the first idea that comes to mind. However, there is a simple yet game-changing action you can take that will totally revolutionize your day-to-day operations while potentially boosting your profit margin as well. The answer lies in obtaining a modern point of sale solution for your company.

The POS advantage.

At its most basic, your POS provides you with a way to quickly and securely take customer payments, either in-person or online. However, that is just the beginning of what this combination of hardware (tablet or terminal and accessories like barcode scanners and receipt printers) and software (payment processing, inventory management, customer relations, payroll, reports, and more) can do.

Payment processing.

Once you use your POS to its full capabilities, you can take customers’ credit and debit card payments safely and quickly, drastically cutting the time that people will need to wait in line. Efficiency increases, staff and patrons’ frustration is at an all-time low, and your business gains the ability to make more and faster sales that are protected against identity thieves and other types of hackers. You can even use your POS to take payments from wearable devices, recurring billing, and QR codes.

Get a handle on your stock.

Nothing disrupts sales and frustrates customers faster than product shortfalls and unreliable delivery times. Fortunately, your POS has built-in tools that can help you handle every step of the inventory management process from the time merchandise is delivered into your warehouse until it leaves in your customer’s hands or electronic shopping cart. Because the system tracks quantities in real time, you will always know well in advance when something is running low or is failing to sell so that you can make adjustments in a timely way. In the end, there are fewer shortages and surpluses, better use of your cash, and greater satisfaction among your buyers.

Create an interpersonal relationship with your customers.

Even if you have a growing base of buyers that number in the thousands or more, you never need to sacrifice that all-important customized experience that today’s shoppers are demanding thanks to your point of sale solution. Once you enter key details about your loyal patrons into the system’s database, you have instantaneous access to curated contact lists that will enable you to target your emails and newsletters. Without spending hundreds of hours, this system enables you to create a unique experience for each of your customers that will inspire loyalty and encourage them to return to your physical store or website again and again.

Organize your financials.

One key bonus your POS offers is its ability to integrate seamlessly with the accounting software and auxiliary programs that you already have put in place. Consequently, you will always have accurate data about profits and losses, staff payrolls, and other essential details. As a result, you will never be left in the dark and can make intelligent decisions on the fly about how you spend your hard-earned capital.

Create illuminating reports.

Finally, your POS comes equipped with the ability to store, retrieve and transmit data about sales, inventory, employee performance, and many other variables. With just a few clicks, you can generate reports that clearly show you how your business is progressing and furnish you with valuable insights about the best ways to generate profits and move forward.

Perhaps best of all, your POS gives you a way, at least to some extent, to manage your retail store remotely. Once you go through the initial process of configuration and data entry, you can leave many of your vital business functions to your automated POS, thus allowing you to devote your direct attention to the most important priorities that can only be handled by you.

Gaining control of your operations with a cutting-edge POS is just a call or a click away. Contact your payment services provider to begin the process of transforming your store and growing your bottom line.