Retail POS Solution software in Gurgaon

Retail Point of Sale (POS) refers to the area of a store where customers can pay for their purchases. The term is normally used to describe systems that record financial transactions. This could be an electric cash register or an integrated computer system which records the data that comprises a business transaction for the sale of goods or services.

A retail POS is the hardware and software used to record the financial transactions of a retail store. It is the best tool for a store owner to manage and assess her business. While the POS system can be as simple as free software that runs on any PC or an online based system like Quick books or Square to a fully integrated system with mobile POS capabilities like the Apple stores, the key is the data that the POS system generates for you to run a profitable business.

Features Of Retail POS Solution

• Inventory.
• Reporting and analytics.
• Loyalty
• Omnichannel

Inventory- Inventory, often called merchandise, refers to goods and materials that a business holds for sale to customers in the near future.In other words, these goods and materials serve no other purpose in the business except to be sold to customers for a profit. They are not used in the produce things or promote the business.

Reporting And Analytics- Reporting is the act of translating raw data into information. This raw data can come from a multitude of data sources such as a production database, an operational database like MySQL, Google Analytics and a CRM system like Sales force. While the reporting that comes out of these databases are useful, they’re often standardized and summarized versions of raw data.

Analytics means to translate information collected from raw data and translate it into insights. Where reporting is meant to be a summation of raw data, analytics is formulated to answer questions, address problems and examine needs. Often, analytics consists of questions, deeper examination of data, predicting and prescribing next steps for businesses.

Loyalty- Loyalties are rewarded “points” your customers accumulate for buying either a set monetary amount (“Buy $10 of coffee beans and get a free cup of coffee”) or a set purchase quantity (“Buy 10 cups of coffee beans and get a free cup of coffee”).It’s a win-win situation: your customers return to your establishment for rewards while you better your relationship with them and increase your bottom line.

Omni channel- Omni channel also spelled omni channel is a multichannel approach to sales that seeks to provide customers with a seamless shopping experience, whether they’re shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store. An omni channel approach means there’s integration between distribution, promotion and communication channels on the back end.

Overview

The main purpose of retail POS solutions is to replace cash registers. Now, there are many POS systems that allow you to just ring up an order and print a receipt. But there are also more advanced systems. For example, Poster. In Poster, you not only have a point of sale on a tablet but also a management console with lots of reports and data sales, supplies, storage waste, customer base. It all allows business owners to optimize their business, cut costs, and earn more.