POS systems have been around since the 1970’s, offering simplification of certain business practices. With the huge growth in technology, we are now seeing systems that make business amazingly simple. Where the POS system was once thought to only apply to restaurants, these systems are now moving into the mainstream for practically any business that deals with sales.
With technology everywhere we look, it only makes sense for businesses to use it to their advantage. The introduction of the iPad and the smartphone have changed the way the world works and with that they have changed the way business is done. The iPad POS system will allow your retail business to track everything it does, from anywhere in the world. New systems can be accessed from your phone, PC, laptop or tablet. You can see up to the minute records of that is going on in your stores, who is working, what is selling. If you are still not seeing the implications of it, consider this:
Your company is holding the grand opening of its second store. You are offering discounts, prizes, all the bells and whistles. The POS system will allow you to track the income and expenses from this event. You can track the demographic information of your customers. What age group is buying your soy candles? What zip codes are your customers from (so you can better direct your ads)? How many people used your coupons or responded to a flyer? And of course, what are your customers buying? Even better, you can track these things every day, not only for special events.
One of the biggest headaches for retailers is tracking inventory. The iPad POS system does this for you, easily and efficiently. It will help you track shrinkage, markdowns, and promotions. It will also allow you to maintain consistency between locations and in the same store between shifts and managers.
If you are just getting started, the POS system is one of the best investments you can make. It will help you keep all of your financial records organized so that tax time is a breeze. You can organize your profit and loss statements into easy to understand reports that your investors will appreciate and you will be able to use your time for things more important than trying to make sense of a spreadsheet of numbers.