You may have sent money or paid your utility bills online at one time or another. This software, known as EPoS (shorthand for Electronic Point of Sale), is designed to handle such transactions and is both beneficial to customers and online merchants.
EPoS Software: The Benefits
EPoS software helps businesses run and allows them to make money even when they’re asleep. It basically puts businesses on autopilot. You only need to set it all up once, and it will process orders for you without any human intervention.
This system is automated, so errors in the computation are very unlikely. There is also no chance of delays in processing orders. Customers and businesses both benefit from EPoS software. It is up to the business owner to ensure that the software is kept current.
This software is also helpful for business owners to keep their inventories current. EPoS software allows business owners to track and monitor sales reports, product performance, and any customers who are late or in default with payments. With such software, both customers, as well as business owners, can set up recurring billing. This gives them the assurance that their payments will be made at a specific date each month.
Is EPoS Software right for you?
Many business owners are wondering if EPoS software offers the right solution for their company. It is important to remember that both the initial purchase and the installation, along with the integration with your existing website, can be time-consuming. Some business owners choose to hire a technician to help them. You should first ask yourself if you actually need it. Do you get less than 100 orders per month for your products? Are you able to handle these orders manually? What is your current system? Are you able to track your profits, refunds and determine which products are the most popular?
This software might not be necessary if you have a small store selling a few products. This software may be suitable for small businesses or those that offer many products at different prices. This system will allow your employees to easily remember the merits of each product and calculate shipping costs.
How to Choose the Best EPoS Software
Due to its popularity and the many online shops that sell it, there are many EPoS software options. How do you decide which software is best for your business?
Find out how customers pay you first. The majority of EPoS software can accept credit or debit card payments online. However, if you have many customers who pay you via PayPal, you should choose the software that offers all of these options.
Are your customers more likely to order multiple products at once or one product at a time? Your customers will appreciate the ability to order single or multiple products simultaneously. Customers will save time by not having to type their credit card information every time they order a product. It also speeds up the transaction.
Do you think you will need an email broadcast feature to inform your customers about your new products and promotions? You will need an EPoS system with an email broadcast feature. With just a click, you can educate your customers about any sales or promotions that you are running and keep them informed about your latest products. The system will automatically send your message to your customers once you have written it for a personalized touch, including their first name in your message.
