Why a point of sale system can help your nursery's profits bloom this spring

On its face, your daycare center is a hub for the love and enriching experiences that are showered upon each of your little charges. 

Behind the scenes, its success also requires a solid back office that improves financial management, fosters efficiency, and boosts both professionalism and customer satisfaction. 

A modern point of sale (POS) system can play an integral role in turning these aspirations into reality.

1. Optimized payment processing.

By allowing for faster transactions, multiple payment types, and accurate billing, your POS can simplify the entire financial process.

Families are busy, and no one wants to wait in a long line to submit their weekly billing for childcare services. But with your POS, that queue can move more quickly because of fast contactless and mobile payment options. 

Parents can even opt to resolve their invoice online, or use the center’s app to make a payment. All the while, high security remains a priority as billing accuracy and remittance rises.

2. Improved financial management.

When your financial house is in order, your entire center runs more smoothly. By providing detailed reporting, simplified record-keeping, and easy transaction tracking, you will always keep the upper hand.

Detailed reporting is a breeze with your POS. As each payment is entered into the system, it effortlessly tracks metrics such as sales and payments. 

Once you generate status reports, you can learn valuable insights that will give you an accurate snapshot of your center’s finances. Digital records mean error-free entry, and integrations with your third-party accounting software makes bookkeeping and retrieving family billing histories easy.

3. Heightened professionalism and an optimized parent experience.

When parents are offered numerous ways to pay at a time and in a manner that is convenient for them, the profile of your business is boosted.

Your daycare POS can be configured to offer multiple options that make bill settlement easy and personalized. Invoices can be resolved in person by making a credit or debit card purchase at your POS. 

Alternatively, families can pay online or through your app. You can even set up a recurring billing arrangement with clients that takes the guesswork away through the use of a subscription model.

When your processes and procedures behind the scenes are operating with maximum effectiveness and efficiency, you can spend more time doing what you love best: turning each day into an opportunity for fun, education, and growth for your small clients. 

If you are not already harnessing the power of a modern POS for day care centers, talk to your payment solutions for nurseries service provider today to get started so that your center – and your relationships with the families you support – will thrive.