When it comes to running a retail store then, it may be challenging for some retailers to handle payments, inventory, tracking delivery/shipping, customer queries, etc., together, which affects the business growth.
What if? There’s a solution that handles all operations of your business and gives you time to focus on increasing sales and profits.
This is where the demand for built in POS system is growing rapidly for retailers. It helps to automate daily operations, expand the business and scale profitably.
Many retailers know about POS systems, but only some know why it’s essential for retailers.
This guide covered major benefits of built in POS system using a built in POS system and how you can find the right platform for your business to grow rapidly.
Let’s get started!
1. Build a Fully-featured Online Store & App
When retailers plan to adapt technology, it helps to expand their business to reach more new customers, increase sales and make more profits. With POS systems, retailers can build their fully-featured website & app for their store to go online, target more customers and grow their business with more profitability. Nowadays, millions of people prefer to buy things online, and it’s your turn to adapt to the trend and expand your business with speed.
You need to find the right POS system that allows you to build a fully-featured website & app for your brand. Esplanda is an all-in-one solution for retailers like you to build your strong online presence, automate operations with smart POS systems, and grow by targeting potential customers. Click “Solution” to choose your retail store and get a fully-featured website & application in the next 10-mins.
2. AI-based Inventory Management
This could one of the great benefit of benefits of using POS system because, AI is in great demand and is currently being utilized in Inventory Management to improve inventory, product availability, optimal routes, and many other factors using technology. Maintaining an accurate count of stock is essential for every retailer, but it’s a difficult task that can be completed in a matter of minutes with the assistance of artificial intelligence. Built in POS system could involve automating the tracking of products, collecting product data, predicting consumer demand, and generating reports. In addition, the AI might be used to detect fraud or monitor supply chain operations while at the same time providing analytics and insights to help retailers inform better decisions around purchasing and stocking levels.
Esplanda comes with a powerful AI-based Inventory Management tool that helps retailers like you manage complete inventory, track stock availability, and reduce supply/demand gaps with smart analytics. To run a business smoothly, reduce efforts and increase profitability, it’s the right time to use AI for your inventory management.
3. Social Media Automation
Social media automation can help you save time and energy in managing your social media channels. Automation allows you to schedule content easily across multiple different social media networks. It also helps to improve your social media performance, maximize your reach, as well as to help to provide data-driven insights into how users interact with your networks.
Nowadays, social media automation has become an essential tool for businesses to maximize their online presence and engagement on social media networks, but it only brings results if you’re choosing the right platform to automate your social media marketing, and Esplanda is a well-known platform to automate your social media accounts by offer auto-post scheduling feature, quick integration and user-friendly interface that makes your social media automation easier and faster. All you need to do is log in to your social accounts, select your posts & schedule with this tool and start getting engagement, a strong social presence, and a customer base without putting in the extra effort.
4. End-to-End Supply Chain Automation
Built in POS system can help you with automates the whole delivery and shipping process and helps retail business owners manage their inventory smoothly. The supply chain system was optimized using AI to lower shipping costs, find the best routes, improve customer experience and calculate the most accurate delivery and shipment times. This automation involves using artificial intelligence (AI) to streamline the processes of preparation, manufacturing, delivery, and customer service in one place.
In today’s world, retailers need to work smartly, and AI helps them to automate order fulfillment. You need to find the right platform that offers end-to-end delivery/shipping automation and allows retailers to expand their business, increase sales and increase profitability.
5. Automated Billing & Invoice Management
This one of the Key benefits of POS system, In a retail store, invoices may include sales, purchases, shipments, rents, etc. A point of sale software generates, stores, and organizes these invoices. As a result, you can quickly examine or print them anytime you need to. The invoice includes crucial information for the buyer, including the transaction amount, the quantity of items sold, a description of the products, etc. Automated billing & invoice can help retailers reduce efforts, save time & increase the store’s efficiency and sell products faster. So if you want to automate your daily billing system, try Esplanda’s automated billing tool and make your billing operations easier and more efficient.
6. All-in-one Smart Dashboard
While running a retail store, retailers need to track & manage every important area, including payments, orders, sales, customer inquiries, inventory, and many more that can be challenging to handle together. This is where a smart dashboard comes into the market, allowing retailers to take their business online and handle complete information about each area in one place. A smart dashboard is a central location where the store owner or administrator can access and manage various aspects of the store.
The dashboard typically provides an overview of the complete store’s performance and includes areas such as:
- Sales and revenue data: It displays sales and revenue data for a specific time period, such as the current month or year. This can help the store owner track the store’s performance and identify trends.
- Customer data: It also provides information about customer activity, such as the number of new customers, repeat customers, and abandoned carts. This can help the store owner understand customer behavior and identify areas for improvement.
- Inventory management: It includes tools for managing the store’s inventory, such as the ability to add or remove products, update product information, and track real-time inventory levels.
- Order management: Many tools for managing orders, such as the ability to view and update order statuses, process refunds, and track shipping information.
- Marketing and promotions: The dashboard may include tools for creating and managing marketing campaigns and promotions, such as email marketing, social media, and search engine optimization.
So it’s important to find a dashboard that offers all these essential features and makes business easier for retailers to manage from one place. Let Esplanda boost your business productivity with an all-in-one smart Dashboard that allows retailers like you to track every store’s operations, from sales, customer enquiries, and inventory to track delivery/shipping in one place.
7. Better Security
A built-in POS system also offers enhanced security features that are crucial for any business dealing with financial transactions. It provides a secure payment processing environment that complies with PCI standards and safeguards sensitive information such as customer credit card details. It also eliminates the risk of employee theft by tracking all sales activities and providing detailed sales reports. The system’s security features can also be customised to suit the unique needs of each business, such as password-protected user accounts, employee access restrictions, and real-time alerts for suspicious activities.
8. 24/7 Access to Data
Another key benefit of using built-in POS systems is that it allows businesses to access their sales data at any time, from anywhere, with an internet connection. This provides managers with real-time visibility into sales activities and inventory levels, allowing them to make informed decisions on-the-go. The system can also generate reports on sales trends, customer behaviour, and inventory levels, helping businesses to identify areas for improvement and optimise their operations. Cloud-based POS systems further enhance accessibility by allowing businesses to access their data from any device, without the need for on-premise hardware.
9. Fewer Errors
Built-in POS systems can help businesses reduce errors that are commonly associated with manual processes. The system automatically calculates prices, taxes, and discounts, reducing the likelihood of human error. It can also track inventory levels and generate alerts when stocks are running low, preventing stock-outs and overstocking. By automating sales processes, businesses can streamline their operations and reduce the workload on their staff, freeing up time for other tasks.
10. Cost Reduction
A major benefit that every business might need in is that a built-in POS system can help businesses save costs in several ways. It eliminates the need for manual inventory tracking and accounting, reducing the workload on staff and minimizing the risk of errors. It can also help businesses reduce their hardware costs by eliminating the need for separate payment terminals, cash registers, and barcode scanners. The system can also generate reports on sales trends, allowing businesses to optimize their inventory levels and reduce waste. Finally, cloud-based POS systems offer businesses a cost-effective alternative to on-premise hardware, reducing the need for costly IT infrastructure and maintenance. There are a lot of businesses who find himself in loss because of not knowing how to do cost reduction, whereas a built in POS system is a cost reduction system.
11. Multi-Store Functions
Built-in POS systems can also provide businesses with multi-store functions that enable them to manage multiple locations from a single platform. This allows businesses to access real-time sales data across all their locations, making it easier to monitor performance and identify areas for improvement. This system can also centralize inventory management, and allow them to track their stock levels at multiple locations, and also prevent stock out. Multi-store function also provide cetralised customer database, so that they can manage their customer relationships.
These are some top-notch benefits of having a built in POS System for your business.
Now the question arises, Which platform offers the best built-in POS system for your retail store?
Meet Esplanda, an all-in-one solution for retailers like you to run the business independently with automation and scale with profitability. It helps retailers to help from scratch by building online stores, and applications, setting up end-to-end supply chain automation and built in marketing tools to target potential customers and increase sales. It also offers a smart Dashboard to manage an entire store from one place. Just go to “Solutions,” choose your retail business, and take your business to the next level within 10-mins.