Retailers are doing everything they can to minimize expenses in response to this year’s economic downturn. For a growing number of retail shops, a popular money-saving option is to take the do-it-yourself approach to accounting. Recent reports state that as many as 21 percent of small and midsize business owners believe they aren’t knowledgeable…
Retailers understand the many ways technology has impacted their industry. From online ordering and social media marketing to real-time inventory tracking and advanced sales analytics, technology touches every part of a retail operation. Yet few retailers have taken advantage of a common practice of software developers: creating use case diagrams to gain a better…
A digital point of sale (POS) system is to a cash register what a smartphone is to a landline phone; it does everything you relied on its predecessor to do, but in a far more efficient manner. Instead of being locked to a certain location, a digital point of sale system gives you the…
Change is the process of improving your business from where it is to where it should be. Sometimes, that can be a physical change. Often, it is a structural one. In the 2020s, however, it is usually a technological one. The digital era has brought with it all manner of new tools that improve…
While point of sale systems advantages are numerous, tailoring them to your specific business needs will be essential for success. Whatever industry you are in, the following five benefits are perhaps the most valuable across the board: Economical efficiency Customization Ease of use Operations scalability Convenience and speed Analytical data processing and reporting Let’s…
Every customer-facing business today needs a point of sale system that, at a minimum, can quickly record purchases, track taxes, and update inventory levels. However, the capabilities of POS systems can vary broadly from one another based upon functionality, price, and the peripheral equipment used. When you decide to shop for a POS, many…
Making an investment into a cutting-edge POS solution brings anticipation and excitement to most businesses. You may be asking yourself, how much will this really change how I do business? What aspects of this technology can I use to better the quality of service I provide to my customers? Is the technology intuitive enough…
The rapid improvements in POS technology have introduced some exciting new elements into small businesses. Many of these emerging technologies have created scaled-down versions of data and software functionalities that were previously reserved for large-scale Enterprises. However, having these powerful features at your fingertips presents new challenges. The learning curve has grown with the…