Deciding the prices of your products can be difficult. Set them to high, and risk low sales. Set them too low, and loose money. Did you know your point-of-sale (POS) system can help you make decisions about pricing? Your POS system should be able to tell you how much you are selling of a given
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How well do you know your employees? Enough to know if they were stealing out of your cash register? At least you hope so. Employee theft is bigger than you might think. Consider these 2015 stats from Statistic Brain Research Institute. A typical organization loses 7% of its annual revenue to employee fraud. The biggest
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It takes more than a superior point-of-sale (POS) system to ensure the continued success of your business. It also takes a combination of solid POS hardware to keep everything running as smoothly and as efficiently as possible. So what do you need? The answer is—it depends. Each business has different needs from the specific peripherals that make
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Gift cards are on of the most requested gifts each year. This year is no different. According to the National Retail Federation, those who plan to purchase gift cards will total nearly 26 billion dollars in sales this holiday season. That’s a lot of money, and there’s no reason you should miss out on your
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Purchasing a point-of-sale (POS) system can be a mind-boggling experience to the novice shopper. That’s why it’s important to narrow down all the devices available in order to find the right fit for you and your business. Below are some tips you can use to help in choosing the best POS system. Define the Needs
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The holiday shopping season is about to kick off. Is your business ready? Have you considered how a mobile point-of-sale (POS) system can help during the biggest shopping time of the year? According to the National Retail Federation’s Holiday Consumer Spending Survey conducted by Prosper Insights and Analytics, consumers celebrating Christmas, Hanukkah and/or Kwanzaa will
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Business operators are increasingly moving away from stand-alone credit card machines and cash registers, and purchasing point-of-sale (POS) systems. That’s because credit card machines can only do two things—charge a card and print a receipt; while cash registers can do basic sales functions. Perhaps, that’s all your business needs—the basics. However, more and more business
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A data breach with your point-of-sale (POS) system can be devastating. It can cause lost productivity, a damaged reputation, and decreased revenue when customers take their business elsewhere. Bottom line—the impact can be costly. The 2015 Cost of Data Breach Study conducted by Ponemon Institute found that the average consolidated total cost of a data
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Despite what some may think, a point-of-sale (POS) system is not just a cash register. It can also help business owners provide better customer service in a variety of ways. Consider these statistics: 70% of buying experiences are based on how the customer feels they are being treated. (McKinsey) 55% of customers would pay extra
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Inventory control should be a top priority for retailers. Unfortunately, many operators do not maximize the inventory management potential of their point-of-sale (POS) systems. Here are a few tips that can help you better control your company’s inventory with your POS system. 1. Purchase the Right Products and Quantities Every entrepreneur wants to run a highly
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