POINTERS ON HOW TO CHOOSE RETAIL EPOS - Print In London Blog | Best Marketing Ideas, Advice, Inspiration for Local London Business and more




Having an ePOS system is a must-have tool for businesses looking to thrive and serve their customers and clients with utmost efficiency. However, choosing your ePOS system should not be done on a whim. A great deal of thought and consideration should go into your choice. Keep in mind that your ePOS system should improve your capabilities in as far as stock management, reporting on sales, providing information bestselling products, as well as providing information on customer management beyond processing payments. Herein we are going to look at some of the pertinent issues that you should keep in mind as you look for your ePOS system.

Do You Purchase Or Do You rent Your System

Either of these choices will have its own merits and demerits. For instance, when you opt to rent your system, the initial cost will be considerably low. Furthermore, in many cases, a rental agreement also includes some form of repair and maintenance agreement. Finally, with the rental option, you can expect to receive software updates faster, thus ensuring the security of your system. However, a notable demerit of this system is that it costs considerably more over the lifetime of system usage.

Purchasing your ePOS system outright from the start may seem more expensive but in the long-term, it is cost considerably cheaper than renting. However, you have to cater for the maintenance and repairs of the machine, which may push up the cost of ownership of the system. Another demerit of purchasing your system is that you may lag behind n software updates, increasing the vulnerability of your system as time passes by.

System Features That You Need

With the continuous development of ePOS systems over time, their capabilities and features have increased considerably. Mixtures of hardware and software capabilities are possible, making for a truly customisable system. As such, it is important to take into consideration the kind of features that you deem necessary and prioritise on the same. Whether you are interested in stock control, customer management, ease of use, the speed of use, you should focus on finding a system that will meet your needs comprehensively.

ePOS Hardware Considerations

As mentioned above, there are many hardware components that can be incorporated into your ePOS system. According to www.plm-global.co.uk these include PDQ machines for credit card readers processing, touchscreens, receipt printers, and barcode scanners. Choose the combination of hardware that will meet your needs.

Other Considerations

The software used in your system should improve efficiencies by, for instance, coordinating with your online platforms, reporting on stocks and sales, or managing your inventory. Such capabilities improve efficiency and improve your business performance.

Another consideration is the ability of the system to work off-line. This is important to allow your businesses to serve your customers even when you experience a technical failure.