Where is the profit - An EPOS system will give immediate direct financial savings; a percentage improvement can be established rapidly, allowing you to see your bottom line throughout the business, globally, or in a specific area.  An increase in bottom line profits can be expected if the EPOS system is used correctly and some of the time saved by using the system is reinvested in developing the business.

Time Savings - While an EPOS system can be extremely sophisticated, requiring more planning time and many more switches and options, huge time savings are gained from its continual operation.  Where in the past it could take weeks to collect data, the daily input of data is automatic, becomes part of your day-to-day operation.  The resultant reporting capability can then reproduce that same data in seconds, in an easy to read format.

Product and Price Maintenance - Product maintenance, price maintenance, margin maintenance can all be done much faster saving yet more time.  In some cases product updates from suppliers can be loaded electronically saving entering product data, prices and descriptions manually.  This also ensures your product files are correct and do not contain pricing or other errors.

Faster Stock Taking - Stock taking become a natural part of staff procedures, can be carried out more often, even daily.  The EPOS system can generate a stock list report showing the stock on-hand value and current pricing, for counting purposes; after the count, the results are entered back to the EPOS and discrepancies indicated.  Moreover, stock valuations can be achieved at any time, saving weeks of effort.

Your accounting - Many business owners take sales data from the till and then manually enter the data into their accounting system. This is time consuming and prone to errors.  Integration from EPOS to the accounting system means no re-entering of data, saving many hours each week and eliminates risk of entry errors.

Automatic Stock Re-ordering - By generating orders in seconds instead of hours, the ability to analyse any period and compare, then generate orders based on optimized sales information, means better business decisions.  Many business owners spend countless hours organizing and sending orders to suppliers.  An EPOS system can greatly assist here by suggesting orders based on sales data from the point of sale.  You then have the opportunity to review, accept or make changes.  Its then possible to either email an order direct to the supplier or print it off and groundmail.

Product Changes - If you serve food and have rotating menus, and menus are preset in the system, changes can be made can be made from an office com`puter and uploaded to EPOS units.  Another example, 'happy hour' or special pricing can be dealt with in the same way as promotional offers;  savings in this area can be significant.

Reduced Fraud - Many owners have to face staff dishonesty.  Short-changing customers, passing drinks or other products across the counter without charging, and many others.  EPOS systems assit to identify fraud and can prevent it from happening, eliminate the opportunity.  An EPOS system can capture every transaction, who is working on the till and when, and from the reporting system properly identify who is committing the fraud.  Staff become accountable for each transaction on their shift, provide reasons for discrepancies along with a computer audited end of shift deposit.

Reduced Shrinkage - EPOS systems can help minimise stock shrinkage by identifying items susceptible to 'shrinkage' ,and prompt you to take action to reduce it.  Following a stock count an immediate value can be put on shrinkage and a report produced which is then used for tax deduction.  When staff know each item of stock is tracked and accounted for shrinkage falls dramatically.

Economic Stock Ordering - Automatic reordering systems allow products to be ordered in the most economical amounts from suppliers, maximising supplier discounts. Options to select among multiple suppliers means you can order from those that have the best deals at the time of placing the order.

Correct Selling Price - An EPOS system can be set to disallow or limit discounts, or changes to prices or discounts may be controlled by a manager.  Price maintenance ensures items are always sold at the correct price, and required margins are maintained.  This alone can significantly improve the bottom line in many businesses.

Customer Loyalty - An EPOS system is the ideal for running a customer loyalty program.  Here are the benefits of retaining customer loyalty in your business: