Firstly, what is an EPOS system and why should every shop have one?
EPOS is business management software used by many industries such as retail, hospitality, trade counters and cash and carry businesses. EPOS allows businesses to transact with customers and usually involves some link or connection to other software such as stock control or accounts software integration.
An EPOS system for retail shops allow businesses like yours to streamline processes such as cashing up, stock management and reporting. By reducing the amount of human interaction in the process of reporting, you are reducing the chance of human error. If your transactions and sales are reported directly into your accounts software you can see exactly where your balance sheet sits.
Without the use of a retail EPOS system, you’re likely heavily increasing the amount of manual, error-prone processes for your teams and missing out on opportunities because you don’t have valuable insights into your data through reporting.
So, what does integrated EPOS mean?
Sometimes, we get so used to the systems we have in place, we don’t realise how much potential we can be missing out on by upgrading or updating them. You know what an EPOS system is, but what about an integrated EPOS system?
An integrated EPOS is a system that combines different solutions together so that they communicate and work in unison, so you can combine processes and make more informed decisions when it comes to reporting on financials, stock and customer data.
By moving to a more sophisticated, integrated EPOS system you can benefit from: