5 Reasons to Update Your POS in the New Year

The holidays are over, and retailers typically see a slow down in shopping. That doesn’t mean you need to slow down your business. Many businesses use this time to examine their point-of-sale (POS) systems and update them.

POS technology continues to evolve at a rapid pace, and it’s leaving some retailers behind in implementing necessary upgrades. The reluctance comes because of the cost and time it takes to complete the upgrade, but what they don’t understand is that an outdated POS system may be holding their business back.

Here are five reasons why you might want to take advantage of the slow season and update your POS.

 1. Grow You Business

A POS system is not just a machine; it’s a strategist, data collector, analyst, cash register, customer relationship management (CRM), and so much more! A scalable POS system can handle as many stores and transactions as the retailer wants, effectively managing and keeping up with the growth of the business. Ask yourself this — How big do you want to be?

2. Inventory Updates In Real-time

Having an up-to-date view of your inventory is useful for back-end tracking and front-end customer information. When you have the right inventory for each store it creates a better shopping experience for customers.

3. eReceipts and Mobile Payments

Are you offering an electronic receipt or payments through mobile devices? If not, you should consider it. These features not only improve customer loyalty, but give a greater shopping experience. It also allows you to improve marketing efforts and increase sales.

4. Omni-Channel Integration

Customers want to be able to find your products online and in the store. Update your POS system to have omni-channel integration to create a consistent experience across all sales channels.

5. Better Data

Get the right data from all your sales channels. Look at them side-by-side. See what’s working and what’s not. With the right data you can make smart decisions about your business growth.

So is it time to update your POS system? Need to talk more about solutions that will work best for your retail business? Give Bepoz a call today.