What is a POS app?
Without getting into the technicalities, a point of sale or POS app for short is where your customer makes a payment for the products or services you offer. Every time someone buys from you, they're also completing a point of sale transaction.
It's technically a smart cash register, serving as the central hub where everything integrates, from sales and inventory to customer management. What it does is it calculates the amount to be paid by the consumer and prepares a receipt or invoice for the customer as a record. It indicates the payment options which the customer is free to choose from.
Why invest in a POS app
56 percent of single-store retailers are still not using a POS System. If you happen to be one of them, outlined are the reasons why it's one of the best things you can do for your business.
It elevates the user experience.
POS apps typically run on smartphones or tablets. It offers faster billing and express checkout for retail stores, supermarkets, and restaurants, eliminating the need to stand in queues, especially during rush hours. The mobile system also gives companies an easy way to collect feedback from clients, allowing you to know which aspects of your business you can improve upon.
Better inventory management
POS app has the capacity to centralize the inventory for establishments, which can help you keep tabs in getting the exact count of all the products you have. This, in turn, enables you to efficiently manage and control your stocks. If you have multiple stores, the POS handles each branch's inventory, providing you with a central location to access accurate data.
Secure and efficient transactions
A lot of POS apps today have financial solutions in place to allow for secure transactions throughout the whole process. No matter how high volume or high-value the transaction is, the app can efficiently manage it for customers in-store without compromising their data.
Data plays a big part in improving your business. POS helps you gather data by giving you quick access to relevant information, which could take longer otherwise. You no longer have to cull through mounds of information just to get actionable insights. You get an overview of all relevant data in the POS.
There's no doubt about it. POS apps are worthy investments as they can help you deliver excellent service to all your customers. If you want to get your hands on a point of sale (POS) app that allows you to run your entire business through your phone, get in touch with us to see how we can help.