Retail Point of Sale (POS) Software Overview
Retail POS software includes tools necessary for completing transactions and streamlining operational processes. Features include inventory management and sales reporting and analytics. This software also helps retailers nurture relationships with customers by providing customer relationship management (CRM) tools.
Benefits of Retail POS Software
Retail POS software brings many benefits to retailers aside from simply completing transactions. These include:
Sales reporting and analytics: Provides retailers with insight into their sales, helping users make informed decisions that strengthen the business.
Inventory management: Automates stock control and helps retailers determine optimal product counts and when and how to reorder top selling products.
Customer management capabilities: Help retailers automatically record and track valuable customer information, enabling stronger relationships and encouraging repeat business.
Competitive Advantages of Using Retail POS Software
Surprisingly, many retailers we work with at Software Advice have survived without software. In fact, 64 percent of single-store retailers we work with are operating without a POS in place.
But Excel spreadsheets can only go so far supporting the operational processes retailers need to accomplish every day. As retailers grow, software can: