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Showing posts from September, 2018

Challenges faced by retailers with Point of Sales System

There was a time when shops had these cash registers, and people had to ask the shopkeeper for things that they needed. With time, trends are changing, and big retailers are known to have a large commercial space with goods displayed while allowing customers to help themselves. With POS systems taking over and making billing easy for both the retailer and the customer, there are these times when they face challenges that do not allow things to function as smoothly as expected.  While automized POS systems are known to be a boon, there are times when things do not function normally. Here are a few challenges that most retailers face.  The security factor  When customers present their credit or debit card for a purchase, the card information tends to stay back in the software which is something that needs to be secured. Arrangements for digital security and hacking alerts are something that needs to be taken care of. For this reason, there is always the need to purchase goo

The Changing Market Trend Of POS Software With AI

These days, the majority of the businesses use POS or Point Of Sales Software to ring up the sales volume. But at the same time, some of the businesses fail to realize the fact that this system comes with the functionalities that exceed the simple act. This software system successfully tracks sales data, retains the information of clients, applies promotions and discounts, generates reports and sales forecasts, performs cost and profit analyses and manages inventory as required. This way, the POS software successfully spit out different types of data regarding the sales of a company and most of these things help a company to manage the business in a more effective manner.  POS software is also used to check the sales history of any specific inventory item. This includes the cost at which the product is sold, the average count of that specific item on the hand at all times, and last but not least the total amount of revenue a business can get by selling that specific product. Thi