Options to Upgrading Your POS System

Point of Sale (POS) systems have changed dramatically in the past few years.  What once began as a simple card reader has now evolved into a book keeping powerhouse for most business owners.  If you haven’t updated your POS system in a while, maybe it’s time to investigate the possibilities.  Below I have laid out the three basic POS systems, and their basic function.  Getting a system built to your specific company’s needs is easy once you know what your needs are and what is available to you.

 

Standalone ECR’s – These are simple electronic register systems which collect data from one register.  They are basic and easy to use, and the least expensive POS system available.  These compact systems do come with many great features, such as automatic tax calculation, automatic change calculator, sales report generation, and a several other features you may be interested in.  The downside to these machines is they are not suitable for businesses operating in multiple locations, or with more than one register running at one time.

 

Network Systems – Network POS systems work much like a network of computers.  One terminal is primary, and the subsequent terminals are secondary.  This allows you to collect data from multiple locations and/or registers, and combine the information seamlessly into a plethora of information regarding your business.

 

Controller-Based POS Systems -  Typically for mid-to-large sized businesses, and like the Network systems, they are all connected as secondary to the controller.  The Controller terminal receives all data, and is capable of checking the data from each terminal for transmission errors, and can reforma the data for use by the headquarters’ computer.

 

Each of the systems above can be customized to your specific business.  A few things to consider when customizing your POS system are:

Software – Do you want to keep a Software based POS system, or would you like to upgrade to a web-based product?

Hardware -  Will you need to replace your current computer?  What other types of hardware would you require for your business?  Barcode scanner, credit card reader, receipt printer, label printer, etc.

Inventory – Would you like your system to have inventory control capabilities?  The system can help employess locate merchandise quickly, or the system can alert you when you are running low on certain products.

Customer tracking – What kind of information would you like to keep on your customers?  You can track their line of credit, you can store addresses in order to print labels and possibly assist with demographics for marketing.

 

Security -  How secure do you need the system to be?  Do you require multiple levels of security and password protection?

Employee’s  - Most POS systems can offer time-clock management for your employees, sales for each employee and commissions for each employee as well.

 

When you are ready to shop for a new POS system, consider making your purchase through Strategic Nationwide Funding.  We can fund the purchase of your new system, while getting you the best rates on the market.  In most cases, our customers receive better rates than their current POS supplier offers.  While you are upgrading, consider a Merchant Cash Advance to make a few improvement you have been putting off.  If you would like to learn more about a Merchant Cash Advance and the POS systems we have available, call:  1-866-972-8885 or visit http://snffunding.com today!