The Big Benefits of Having an EPoS for Your Business
Your POS system, while it’s the end of your customer’s purchasing process, it’s still an important part of your customer’s buying journey. That’s why it’s crucial to elevate your POS system while you can and get an upgrade to an EPoS system.
Thanks to modern trends and advancements, point-of-sale systems have continually moved forward, bringing in more efficiency and speed in a business’s workflow and operations. If you’re wondering if having a EPoS system is right for you, keep reading.
In this article, we’ll dig deeper into the benefits your business gains when you get an upgraded POS system. Let’s get to it!
What are the Basic Functions of an ePOS System?
When it comes to EPoS for Your Business, its basic functions already benefit companies who use it. As mentioned previously, it helps improve the business’s operations, both in the front and back ends.
Since an EPoS system is designed to streamline a business’s workflow and simplify a customer’s purchasing journey, it can help revolutionise your business’s performance from the starting point to the end goal.
While the basic functions of an EPoS are to register data, take payments, and print receipts, it also improves inventory management, collects business data, boosts customer loyalty, provides cost-effective solutions, and improves time use.
What is the Difference Between an ePOS and a POS system?
It’s important to note that EPoS is extremely different from the traditional POS system, where the latter involves manual operations to collate accounts, process orders, and manage inventory.
The EPoS system is a connected solution that brings all business operations together—from managing to operating down to analysing transactions. Because a fully-integrated EPoS system can do all this, it helps you stay connected to various parts of your business, such as your demands and sales, customer loyalty, and more.
Obviously, with that being said, you’re probably more interested to know the benefits you can get from finally integrating an EPoS system in your business’s operations, right?
Advantages of EPoS for Your Business
1. Improved Inventory Management
Even if you’re not a small business or a start-up, keeping inventory under tight control is one of the key elements to a successful business. Today, an EPoS system can keep that inventory in check.
You can set up barcodes on your products and monitor them using the EPoS for your business, which will provide you with accurate transaction data and help you closely monitor the inventory, especially when it’s in an out-of-stock situation.
Trust us—tracking your goods is extremely important to ensure customer satisfaction, and with an EPoS system, you can easily monitor stock levels, so you can replenish items that are running low right away. Having a gap in your inventory, especially on-demand items, may ruin your customer’s experience.
2. Collect and Manage Business Data Better
Businesses start as a small entity and grow into larger institutions. With that growth from start-up to established, data and statistics will become a vital aspect to look at. With an EPoS system, you can easily manage your data and statistics. You get to see the number of sales, where sales are coming from, and what kind of products are selling.
More importantly, you can see the customer base you’re getting, plus the demographic they belong to. You can even see which sales outlets are performing better than others, which products are selling better than others, etc.
On top of that, EPoS for your business can also help you manage your cash flow, which allows better control and planning on expenditure.
3. Improve Customer Satisfaction and Loyalty
A major benefit that an EPoS system brings to your business is improving a customer’s buying journey from the beginning to the end.
For instance, even if you offer a loyalty program to your customers, with an EPoS system in place, it can make sure that your customer gets the right information and offers at the right time. As a result, your customer will never be lost in the sea of information, and you can also easily gather data on your customer’s buying habits.
With this data, you’re able to understand your customer’s behaviour, allowing you to meet their needs and expectations, so you can reach out to them when new products and services are available that may be of their interest.
4. Extremely Time-Efficient and Cost-Effective
When it comes to time, time is money. That’s why it’s crucial to have a system that saves time and is cost-effective. One of the best ways to save time and reach your goals is through an ePOS system. Because an EPoS system is a connected solution, you can improve your efficiency and increase productivity.
Through an EPoS system, you can easily manage your database, manage your inventory, and control your sales activities. With a smoothly running business, you’re able to save time by streamlining your processes.
Because everything is automatic, you can find cost-effective solutions that will save on labour, allowing your staff to focus on bigger things that will help your company expand.
The Bottom Line: Should You Start Using an EPoS for Your Business?
If you want to avoid the frustration of running your business and simplify your customer journey, you should start off by implementing an EPoS system.
While many business owners may find this new software daunting, once you’re past the learning curb, you’ll find that it only brings a major improvement in your business’s operations. And with this, you’ll finally reap the benefits of having a centralised source of truth for your business.
So if you’re looking to up your customer journey from start to finish and improve your business’s current workflow, it’s worth considering getting an EPoS system for your company. Of course, it’s only right that you get a system from a reliable trusted source.
How Can Easitill EPoS System Help You?
Easitill EPoS Systems is an EPoS system that can help you track your inventory, manage your employees’ schedules, and offer convenience to your customers. With this, you’ll be able to take your business to the next level and streamline your workflow.
Suppose you’re looking to save both time and money while efficiently running your business. In that case, it’s time to boost your business operations and elevate your business to the next level with an EPoS system from Easitill.
Reach out to us if you want to get started with Easitill today!