How Point of Sale System (POS) Helps Small Business
If you are still managing you stock in notebook or excel, still using calculator to total the bills, or still using handwriting bills, then this blog is for you.
If you think implementing a POS is a difficult process and you should have good computer knowledge, I am sorry, none of these are true.
Gemtech shall help you throughout the process of acquiring and implementing the right POS system so you can get benefitted and rewarded (profits) later on down the road. According to research, by using an affordable, integrated POS system, an retailer with revenue of Dhs.900, 000 can cut costs by close to 10 percent, saving an average Dhs. 90,000 a year. That's a substantial return on a 6,000 investment.
First and foremost with a POS system,newly introduced Value Added Tax in UAE(VAT), shall accurately calculated and tax returns shall be submitted without enormous manual work. Apart from this great benefit you will also be able to manage your stock, provide computer printed bills to your customers, identify fast and slow moving items, understand the reorder levels are a few among numerous advantages of having a POS implementation in your retail business.In addition to the all mentioned benefits above, having a POS system simply makes your store(s) look more professional.
7. Essential steps in buying new POS
Define the needs of your business. In this section we will study your business process in detail and help you identify all the features, functions, and services that shall benefit your business further.
Take note of the required hardware. Here’s where we work out and proposeitems required for the POS implementation of your business. You will need POS software and hardware items like POS system, printers, networking unit and other related items according to your business needs
Set a budget. The costs of POS systems vary, depending on the size of your business (number of stores, customers, products, registers, etc.) and the capabilities you require. Generally speaking, for traditional desktop-based software, a single-user software license comes with a price tag ranging from 6,000 to 9,000. Prices for modern cloud-based POS systems start anywhere from free, for a basic system, through to 200-600 per month depending on the size and complexity of your business.
Audit and compare POS systems. Do your research on the POS solutions before you buy. This is the section where you need to get some feedback and learn about the experiences of other similar retailers.
See the POS in action. You know and heard a lot now what POS systems, now it’s time to see them in action. The easiest way to do this is to call the vendor a request him to do a live demo. We will be glad enough to give you a live demo whenever you required.
Get the set-up right. You’ve chosen a POS vendor and you already have all the necessary software and equipment in front of you. Now it’s time to get your new system up and running. Since we have rich experience of implementing POS for various business types, we are experts in guiding you on how to properly install and set-up the system.
Make the most of your POS system. Once you have your new POS system up and running, it’s time to find ways to make the most of it. Look into apps, functions, hardware features etc. and make your life easier. It’s a good idea to build a relationship with your supplier rather than just a service provider. Make an effort to establish a relationship with them. See them as a long-term business partner that can help you expand your business and expertise.