Booting up your new POS system is a lot like opening up a much anticipated Christmas gift. After weeks of brewing excitement, guessing, and preparations, the moment of truth has finally arrived. But what if, when the big reveal happens and your new POS system goes online, it isn’t performing as expected? What if your sparkling new POS platform has revealed itself to be another pair of ill-fitting, knitted socks from grandma?
Achieving the maximum POS system benefits is only possible through an intense, precise, configuration process. As a business owner, this means that simply taking your product out of the box and plugging it in will not be enough. It also means that you will need to dive deep into the configuration options of your POS solution to make the granular changes that are most important to how you operate.
While not an impossible task for you to perform on your own, there is something to be said about bringing in a third party that can help guide you through the configuration process. This assures you that your POS solution will sit perfectly within your business and provide you with the tools you were expecting at the start. While you are selecting a trusted partner, there are a few things you can do to streamline your POS configuration while you wait for the experts to weigh in.
Establish Data Synchronization from End to End
Proper POS software configuration starts with establishing a foundation for how data is managed in your business. Feeling confident that you have the power that data can provide at your fingertips is a freeing feeling. The advanced data management capabilities available in innovative POS solutions make it easy for you to synchronize data from all areas of your business. Also, you can blend this into centralized data storage, making reporting and monitoring easy to accomplish.
Having the benefit of creating custom reports to yield the precise information on trends and logistics within your business operations is made possible only by making data consistent across the board. Data integration gives your business an edge thanks to the benefit of data consistency, which in turn provides you with accurate sales and inventory forecasts. Arming yourself with these allows you to stay proactive, which is an important asset for any business model.
Taking the Labor out of Labor Management
A great perk that can be quickly gained with the implementation of a new POS solution is the automation of many staff management tasks. Possessing the ability to utilize digital timekeeping and establish alerting around hours worked or sales goals removes much of the stress that is centered around accurately processing payroll. This gives you a better ability to balance the books while freeing you up to build better relationships with your customers.
The benefits of using an innovative POS solution get even better when a cloud-based POS solution is put into place. You can leverage your newfound ability to deploy an app to your staff to enhance communications while building a high level of transparency. Scheduling becomes an empowering activity for your employees, as they can mark themselves as unavailable, switch shifts, or request time off without the need for a phone call or waiting for a shift to begin.
Digital timekeeping improves the accuracy of tracking hours worked and comparing these to hours scheduled. Alerts can be set up to inform you of impending or unapproved overtime, while dynamic items, such as tips or sales omissions, are easily computed into the paychecks of each individual employee. Performance metrics can also be established, all viewable in real-time via the provided POS app, removing the guesswork around where a worker stands while building up trust.
Automate Your Tedious Book Keeping Tasks
Managing the books is probably the most time consuming, tedious task that you have to perform as a business owner. For many of you, this may have meant managing two sets of books: one for your internal use and one platform for your accountant. A properly-configured POS solution will not only remove the need to maintain your financials in multiple places but will integrate into popular accounting platforms, such as Quickbooks, to make your tax preparation and accounting tasks even more fruitful.
The ability to manage your books from anywhere is made possible by the cloud-based storage of your data. This, when combined with data synchronization, presents you with an opportunity to leverage your POS app to swiftly accomplish your internal accounting tasks. This gives you cutting-edge monitoring of all of your business revenues, presenting you with the option to keep your eyes on the prize as products and money flows through your business.
An important game-changing benefit here is that you can instantly see and address points of waste. Using a precisely designed mixture of alerts and POS app capabilities improves your ability to respond to changes in your business environment while keeping a watchful eye on any potential changes in how your customers are reacting to your offerings. This stimulates growth, both in terms of your reputation and through the widening of your profit margins.
Engage the Experts to Maximize Your POS System Benefits
Performing an in-depth POS configuration is an undertaking that requires a high level of POS technology expertise. While there are a handful of key areas that you can configure on your own to give your business operations a boost, utilizing the talents and business acumen of a third-party consultant will help you get the most out of your new POS platform. This saves you time, gives your business a boost in production and reputation, and maximizes your ROI.
Leveraging the talents and experience that talech consultants can provide to your POS implementation project is the smart play for seeing POS system benefits. We dive into your business operations to create a highly customized and powerful POS solution for your precise needs. Using our innovative POS technology strengthens your customer relationships while reducing the stress of your daily tasks. Reach out to us today and find out how we can help you increase your profit margins.