Point-Of-Sale Systems Do More Than You Think - HUB Blog

HUB TechMinutes

Business technology news, tips and events.

HUB Blog

Better business through better information.
2 minutes reading time (367 words)

Point-Of-Sale Systems Do More Than You Think

Point-Of-Sale Systems Do More Than You Think

We’ve come a long way since 1879 and the invention of the cash register. Today, point-of-sale (POS) solutions offer massive benefits to businesses who take advantage of their capabilities. Let’s go over how these capabilities can help the modern business and its owner.

Defining the Point-of-Sale System

As the system that’s in place at the point where a sale takes place, a point-of-sale system has a pretty accurate name. The basic concept behind these devices is to minimize human error in as many ways possible, as productivity is simultaneously maximized at the final transaction.

This once meant that a POS system was effectively a cash drawer with a calculator tacked on, but today, there are many more features available to a business. For instance:

Big Data Metrics and Insights

“How many of this tchotchke have we sold this year? When did we sell most of them?” Modern POS systems can provide a business with precisely that kind of data, assisting them by delivering insights and simple reports for them. These reports can help business owners identify trends, which can help them boost sales and benefit their other metrics as well. The inclusion of customer relationship management into the modern point-of-sale system has given even more benefits to business owners.

Consolidation

With online retail came more business opportunities, but also more data to process. Unlike the POS systems that were around when online retail first became viable, modern systems can integrate the data sets produced by online and in-house transactions. This gives business owners a more streamlined means of properly managing their inventory.

Mobile Functionality

In no small part due to the health and hygiene benefits that come with them, cashless and contactless payment options have also seen exponential growth in popularity. Recent predictions see 2025 with 75 percent of all transactions as cashless, so it is important that these solutions are put in place sooner than later.

The modern POS system is the best choice for a business owner looking for direct benefits to their operations. HUB Technology Solutions can help with the technology needed to make the most of it. Learn more about what we can do by giving us a call at 204-772-8822 or 1-833-847-0725.

How We Streamline IT Support for You
The BDR and Your Retail Store

Related Posts

 

Comments

No comments made yet. Be the first to submit a comment
Guest
Tuesday, January 26, 2021

Captcha Image

By accepting you will be accessing a service provided by a third-party external to https://www.hub.ca/

Mobile? Grab this Article

QR-Code dieser Seite

Get Updates On Our New Blog Posts!

Book your free introductory consultation now.

Let's Talk

Happy Clients

Don't Miss Our Next Newsletter!

Subscribe to our free monthly newsletter! It's packed with valuable information, useful tips, and important security alerts.
* indicates required
Your email address is secure with us - we never share our subscriber information.

HUB Tech Minutes

28 January 2021
People are known to consider good communication as the foundation to forging and maintaining successful relationships. For businesses, this couldn’t be more true. Solid communications both in the operations of a business and with its customers can se...
26 January 2021
We’ve become aware of a concerning phenomenon: the perception that a business that has already been targeted by a cyberattack, won’t be attacked again. We here to tell you that this is decidedly not the case—in fact, according to cybersecurity soluti...
25 January 2021
Uh oh—your mobile device is missing. If you ever find yourself in this situation, time is of the essence… particularly if you have reason to believe that your device was stolen. To help prevent things from getting messy, we’ve put together a checklis...