Tag: POS

Managing your business is one of the most important, yet hardest things that you can do. There are so many different things that go into running a business that sometimes it is hard to know what you have done and what you need to do. Something that may help you in keeping organized is a POS retail system.

A POS retail system, also known as a point of sale system, is basically a cash register that performs many other functions as well. These POS retail systems are used widely in the sales industry for business like retailers of apparel, clothing, sporting goods, electronics, and even the food service industry. A POS retail system can take your business to the next level especially if you have multiple store locations. POS retail systems make it possible to communicate between stores and keep track of things like inventory and hours worked by employees giving you a central source of information and streamlining the process of data collection. With a POS system that links your stores together you will be able to tell a customer which store has an item that may be sold out or unavailable at your current location.

If you own a company that has multiple business locations, you know how important it is to maintain organization and manage your operations at each individual store. POS retail service providers can help make your job a lot easier by managing your store operations for you. If you are interested in working with a POS retail service provider you need to do some research and learn about the best companies in the industry. First, you will want to make sure that the company offers a service instead of just software. This means that the POS retail provider will be managing your store operations in real-time. This is a huge advantage over POS retail providers who only offer software.

The next thing you should look for in POS retail service providers is their history. You want to make sure that they have a track record and have worked with several companies worldwide. In fact, you should research how many installations the POS company has throughout the globe. This will help you better understand the company’s reputation in the industry. Possibly one of the most important things is making sure that the company is using the latest technologies. If you are going to spend money on POS retail, then you need to make sure that you are getting the most affordable, most advanced, and easiest to use retail system available. You should also make sure that the POS retail service provider has a reputation for getting the right items at the right place at the right time.

A POS retail system can be the perfect addition to your business as long as you choose the company and product that fit your needs best. Be sure to compare many different POS retail systems and companies so that you are not limited only to a few different options. Investing in a quality POS retail system may be the thing that takes your business to the next level.

point of sale software, retail point of sale, pos retail

Some retailers think that investing on a Retail Software is a complete waste of money since they won’t use even half its features. Well, it’s a complete false notion as this software does more than merely handling your point of sale. One can say that a complete Retail Software is meant for streamlining various operations of a business – right from sourcing, storing, and marketing to the point-of-sale. Once all these Retail functions are streamlined, success of a business is sure with increased profit margins.

Inventory Management Software for Retailers

All small and large retailers face problems related to the inventory, stock purchases and their returns. To handle stocks we often get Inventory Management Software, which may also form a part of an integrated Retail Software. Since inventory forms the core of every Retail business, it is always advisable for retailers to keep a software which takes complete record of their stock and warehouse. Again, it is worth mentioning here that an exclusive Inventory Management Software is more relevant to Manufacturing and Trading sectors while for retailers a comprehensive Retail Software suits the best.

One may not deny that an Inventory Management Software reduces paperwork as it efficiently records sales, purchases, sales and purchase returns, invoices, purchase orders, pay orders etc. However, an integrated Retail Software is always better for retailers as it is more affordable and controls other Retail operations along with warehouse and inventory.

Salient Features of Retail Software A Retail POS System is generally used at all checkout points where any kind of transaction is taking place. Its main utilities are scanning barcodes, generating purchase orders, receipts and vouchers. Advanced Retail Software with POS System comes with easy Graphical User Interface, remote support and good operating speed. Considering the growing competition, most POS software are reliable, affordable and the ones which can be easily installed. However, taking into account the size, structure and priority of the products a particular company may customize its Retail Software to suit its needs. To greatly reduce service time and increase work efficiency, all advanced Retail Software come with keyboard, mouse and touchscreen settings. POS System for various industries

It’s true that the concept of POS System in software is mainly attached to the Retail industry. However, there are many other industries where POS Software are equally in usage like Restaurant, Hotel, Sap and Salon, and Medical industries. POS System can take best control of Restaurant inventory and cashbox. Similarly in Hotels, POS Systems are integrated with Hotel Management Software to take complete records of a Hotel’s food inventory, sales, etc. In Spa and Salon, POS Systems are used to maintain performance based reports for instance appointments, customer database, roster, tills etc. Finally, in Medical and Pharmacy the usage of POS System has become widely prevalent for billing and complete check on stock, pilferage, expiry, claims etc.

Retail businesses as diverse as fashion and groceries can all make use of point of sale system to simplify the process of making and receiving payments. No matter how big or small the business may be, the retail POS solution aims to give you total control of your operations and increase sales and profits.

What is point of sale system and why you need it? Point of Sale system is an electronic system used to record and store data related to customers’ purchases, payments, inventory levels and employee details at the selling location. It is a replacement of the traditional cash register and is a combination of hardware and software that manage the retail sales.

A common retail POS solution system comprises of the following items- touch screen monitor, cash drawer, receipt printer, pole display, credit card reader and barcode scanner.

Many retail store owners doubt the importance of the POS system as some feel that too much of automation would make the process complex. However, one reason why you need to replace the cash register with a point of sale software is -information’. Businesses that realise the importance of information, understand that through automation of the sale and purchase functions they can determine price changes, product usage, buying trend among the customers and how much they need to spend on advertising. The point of sale software in the retail industry is much more than handling just the sale aspect of the transaction and is more like a retail management software.

Retail POS solution is a reliable process which aims to –

a)Simplify the process of bookkeeping

b)Reduce costs

c)Determine consumer buying trends and spending habits

d)Improve customer relations

e)Enhance marketing efforts

f)Track inventory and employees

g)Eliminate errors

Selecting appropriate retail POS solution should not be done hastily because there is a wide range of POS software available in the market. Wrongly judged software, can lead to errors and potentially cost you sales and a lot of business. With respect to your retail business, you have to choose the features that would facilitate the business, the price you are ready to pay and the areas which you must address through the software.

The point of sale software has several advantages for retail businesses of all kinds and size, which are as follows-

i)A thoughtfully chose retail POS solution helps in preventing costly inventory overheads.

ii)Speeds up the checkout lines, allowing customers to make payments without having to wait for long. This results in higher customer satisfaction level.

iii)Saves time of the clerk at the cash counter as he/she manages to collect payments without much of manual effort.

iv)Checks mishandling of inventories as it records the code and price of the products and any proof of tampering comes into focus with the help of the software.

v)Allows greater control over employees. Be it the cash counter clerk or the sales personnel, their hours of work can be tracked through the POS system and the retail store owner can also prevent any discounts offered by the clerks to their favoured customers.

vi)Better customer satisfaction leads to increased traffic in the store.

vii)Simplifies payment as it uses magnetic card readers through which customers can make cashless transactions.

Thus, a retail POS solution helps businesses to simplify selling and purchasing process, reduce errors, enhance customer satisfaction and save cost and time through better service.

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At Pathfinder, we aim to devise a methodology that helps your business venture, brand, and business expertise gain solidity and momentum. Key element of our methodology is modifying existing work culture and ensuring the growth of the company.
Introducing XtreMe Imperium, a technology solution that is designed for facility operations including space management and planning, operations, asset management and lease management.
XtreMe Imperium helps organizations to manage their complete cycle of workplace business processes, from space and facilities to assets, to leases, work orders and operations. XtreMe Imperium delivers the strongest combination of integration, collaboration and business value today for corporate real estate and financial executives, facilities and real estate professionals, and business partners.
Unlike other CAFM technology products, XtreMe Imperium was developed from the ground up as an integrated, Web-based solution. The XtreMe Imperium platform was architect ed specifically to address the three major shortcomings of traditional tools, namely ease of use, integration, and data access and collaboration.
Advantages & Benefits of XtreMe Imperium
A fully integrated solution with market-leading functionality to manage all workplace information & processes (space, leases, assets, operations, etc.)
Business process automation accomplished via a state-of-the-art workflow engine that allows clients to build, execute and refine manual internal and collaborative processes
Ability to access and analyze workplace data from disparate data stores and applications in one central location
Cross-enterprise integration for seamless information exchange with Finance, HR and other enterprise systems that drive real estate, facilities and operations
More out of the box capabilities, with fast and easy user configuration, in contrast to the steep learning curve and heavy customization required with competing products
Executive dashboards and real-time reporting to improve insight, planning and decision- making.
Professional services and solution partners that provide best practices in deployment and utilization to ensure and accelerate client success
Technology innovation and leadership in platform, product development and industry alliances to drive continuous value for clients
Retailer Sales Reporting:
XtreMe Imperium – Retailer sales reporting, a centralized reporting system for a malls POS data. It provides access to detailed, consolidated reporting of all retailers. We collect your data, and deliver it through reports that are customized to meet your needs.

XtreMe Imperium Retailer Sales Reporting allows you to
Manage master information of all retailers
Web based daily / optional intranet* reporting of POS data
Accurate sales information from retailers. No Misreporting
Analytical Information of brand & category performance
Average spend size with daily trends
MIS to strategist and implement Mall promotions

How it works
It all starts with the client software running on each locations POS server. This client is a small application that is set up to execute using Windows Scheduler. This gives you full control over how frequently the data is sent to the server. Once the data is loaded to the server, using secure FTP over a broadband internet connection, it is loaded in to a MS SQL database. Once there, it is available for reporting using an interface that is simple and easy to navigate.
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Supermarket / Hypermarket
Furniture
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Fine Dining
Kiosks & Takeaways
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Food Court
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Wellness Centers
Salon & SPA
It is our strong conviction that every business Firm or Organization, irrespective of its size, has some common needs and some needs that are absolutely specific. Our team takes an approach based on these needs and adopts relevant strategies.
Not only is the XtreMe eSmartStore Mall Management System easy to use, we will walk you through every step of our Go Live process until you are ready to put your systems to use
Call our sales team today and find out how XtreMe eSmartStore guarantees to simply your business and giving you more time on whats important, Your Customers.
We Constantly strive to achieve total customer satisfaction by delivering Error Free products and solutions on time, every time, providing timely technical support and imparting Quality training through continuous process and system improvement

To know more about our Asset management solution, email us or call us on +91 44 4394 6666.
www.pftec.com

In this article we will go over three special benefits of retail point of sale solution, or retail POS solution, including retail POS software plus the retail POS system, above the customary cash register equipment. These benefits are: Immediate feed back regarding sales and costs, Theft minimization and Sales incentives. Ebay suggests to install this kind of retail POS software whenever your total annual gross sales meet or exceed $500,000. However, I will give you a totally different advice: Check these following points and then carry out the math. If you find that your working retail POS solution can so much more than cover itself in a short time, you might want to put in a retail POS system.

Immediate tendency prediction

With many modern day retail POSs you’ll have access immediately to product sales and expenditure information from your shops during the business hours. You are able to gather pertinent developments as of types of products being purchased at any given time of working day. You can now notice trends as they show up. This could result in a extremely effective bump to your bottom line profits. Simply by using a retail POS system, the information you have will be exactly where you really need it for your calculations as well as for trends spotting, right away.

Shrinkage reduction

As shrinkage is one of the key costs in many reseller companies, the modern retail POS solutions are generally aimed toward preventing theft. Suppose you’ve got a individual who you actually suspect of stealing some money from your cash register. Having a strong retail POS, it’ll be easy to correlate that individual or individuals time-table with all the minute-to-minute product sales details. Combined with the mounted security camera information, a modern retail POS system will be a major theft prevention.

Employ sales incentives

Discounts incentives are easily put in place with a modern day retail POS system. Both setting up the discount campaigns and redeeming consumer discount coupons is easy. This will help supercharge sales. As for the sales staff performance, their own sales figures can be tracked through a retail POS software, and a commission structure and payouts can be posted daily. This information will certainly help increase product sales through clear as well as timely incentives.