How Point of Sale System Technology Can Boost Your Sales In The Next 90 Days

Making any upgrades, as necessary as they may be, will have an immediate hit on your budget. But adding the right POS tools into your business infrastructure will not only allow you to reach the break-even point on ROI faster but will be instrumental in driving revenues past your business plan projections. Here’s how point of sale system technology can boost revenues and broaden your brand’s reach.

5 Steps to Help Decide on and Implement the POS Your Business Needs

Before adding or upgrading your POS to reap the benefits, you will need to assess your business needs to know the proper system, features, and way to implement the technology to maximize performance and guarantee success. 

1. Identify Problem Areas

Manual processes that are necessary to keep the lights on can become time-consuming and breed errors. Payroll, accounting, and ordering can take up so much of a business owner’s time that little time can remain to invest in themselves and into building stronger customer relationships. Outstanding invoices can build up, tracking hours can be overlooked, and placing orders can be skipped without the proper help.

2. Discover Where Technology Could Help 

After conducting an internal audit of processes, you can better understand your needs. Included in this audit is taking a look at potential technology solutions that could add automation in key places, giving the owner and staff valuable time back to be invested in building customer relationships. Examining how the business appeared to the customer during the transition process can ensure that any changes made are seen positively by them.

Manual data management is the largest consumption of time. So innovative POS technology is needed for managing and storing data while making the business more accessible to customers in a virtual world.

3. Choose the POS Technology That Checks the Boxes

After taking stock of your problem areas and technology requirements, you should look for a POS provider that has demonstrated a successful record in turning around struggling small businesses through the targeted implementation of its scalable POS technology.

Consider these features when searching for your POS provider:

Cloud-based storage and POS tool hosting for nearly limitless access.A POS-integrated website to provide a virtual representation of the business.The ability to add web-based invoicing software for improved invoice management.Automation tools in key areas including payroll processing and inventory management.The ability to use virtual terminals, giving the owner the ability to create a wall-less business model.

4. Implement and Train

Consultants with your new POS partner should have an open-door policy to communicate the status each step of the way when transitioning your technology. Once all of the pieces are in place, a quick test can reveal if the business is already showing an increase in its margins.

With the POS solution in place, employee training can be coordinated by the POS provider. Each employee can be assigned permissions specific to the job role and should be tested to ensure they fully grasp the new tools. The employees can be shown not only how to use the tools but also how to leverage these tools to create personalized experiences for their customers to help better drive sales.

5. Reassess and Make Fine-Tuned Adjustments

The little changes around your POS and customer experience can make all the difference in encouraging returning customers as well as growth in sales. A simple change on the website can allow customers more payment options further building your brand’s reputation and profit. Sit back and watch the website orders begin to move from a trickle upwards to a steady stream.

Your new POS partner should follow up a few months after implementing the new technology to ensure growth and success. Upon review, they may find that there has been such an increase in virtual orders and payments that you may need to add additional features to handle the traffic to your website. For example, you may need to more accurately monitor inventory to reduce the chance of a customer seeing an item or service to purchase but it not being available or wanting to use the latest virtual payment but your business not accepting it. 

Discover How Point of Sale System Technologies Can Pivot Your Business

POS technology can be a powerful ally in your quest to improve sales while reducing the dependency on manual processes. Not all POS tools are good for every business, which is why a business and technology evaluation should be conducted prior to taking any action. This ensures that the POS software has the greatest impact on your business, giving you a fast and dependable ROI that leads to long-term sales gains.

The talech consultants will help you see how point of sale systems will benefit every aspect of your business. We give you the tools you need to take your business to the next level while minimizing costs. Reach out to us today to sign up for a demo and to learn more about how talech can be your valued POS partner.