Small businesses nationwide should take note of the numerous advantages that come with an online retail POS. Moreover, the latest POS software options incorporate business insights that will increase your locations’ selling capabilities and benefit your inventory management. Additionally, with the latest advancements in cloud computing technologies, companies must remain up-to-date with their technologies within their location. This will ensure that the most optimal operating systems are put in place, and offer automation for tedious processes to further enhance your management capabilities. Locations that do not implement the latest tech and software will be at a disadvantage and will not acquire the same improvements that competing options are incorporating.
In sum, an online retail POS system should incorporate the following point-of-sale services:
- Online Retail Employee Payroll Deductions
- Retail Inventory Management Integration
- Other Supporting Retail POS Products
Online Retail Employee Payroll Deductions
Moreover, a popular addition to many online retail POS systems is the use of employee payroll deduction software. Employee payroll deductions allow your staff to use their ID badges to complete payments from their locations’ company stores or gift shops. The use of payroll deductions shows increases in revenue and participation from employees by upwards of 25%. Incentivizing faster checkout times for your staff allows more accommodations on ordering preferences in the payment process. Typically within locations experiencing low participation in their retail stores, incorporating payroll deductions is an excellent solution to combat dwindling sales. Making use of employee payroll deduction with an online retail POS will offer a fully contactless experience for your customers and offer more ordering preferences.
Evidently, ARBA Retail System’s employee payroll deduction software, ArbaRapidPay, allows the same ID payments, in addition to full integration with your POS register sales. Interfacing your online ordering POS payments allows for much easier documentation and reporting to easily view sales data for your previous tender types. External employees, such as contractors, may also have an account for their time at your location, and credit limits for each account are available in your POS system. With on-prem and cloud computing options, ARBA’s payroll deduction software offers full integration to further bolster your locations’ selling capabilities. Taking advantage of your online retail POS in addition to your payroll deduction software will increase participation and revenue from the increase in overall customers.
Retail Inventory Management Integration
Furthermore, integration plays a key role in the advantages of competing POS software options. Allowing automatic updates to your sales and inventory data will save vast amounts of time to spend on more beneficial tasks. ARBA’s POS software utilizes fully interfacing inventory management protocols to automate your on-hand inventory tracking. Insights into your favorable and non-favorable items will be available, allowing for improvements to selling strategies for your locations’ items. Incorporating an online retail POS without integration will lead to manual inputs and tracking for your inventory in relation to your online sales; ARBA automates this process to automatically track your inventory counts regardless of the point of sale.
Concurrently, our software also allows for purchasing and receiving automation, giving the benefit of automatically creating purchase orders for your next inventory purchase. Automatic re-order points are also available within your POS for popular items, and inventory reporting enhancements extend to your other point(s) of sale, such as self-service kiosks.
Other Supporting Retail POS Products
Additionally, locations should take note of the plethora of supporting POS products that will further improve your selling capabilities and ordering process. The use of contactless and cashless solutions is gaining traction as the favorite method of completing transactions, and incorporating these payment options will allow for more customer accommodations. Other point-of-sale products and software that retail locations should take note of include:
- Physical Inventory Tablets – ARBA’s physical inventory and receiving tablet allow for a much quicker physical inventory process with centralizing your inventory location that stores and manages your inventory counts. Wirelessly upload your inventory counts to your database with our cloud-computing tablet software.
- Loyalty Programs/Rewards – Incentivize repeat business and allow regular customers to earn rewards that are tracked by your POS system.
- Barcode Label Printing – Additionally, incorporate barcode label printing hardware for items that require barcode labels.
- Donation/Round-up Software – Run donation events/options for your employees easily with the use of your POS software, with donation/round-up amounts with manual entries or automatic generations by your POS system.
Lastly, incorporating an online retail POS also comes with the option of implementing supporting software to further increase your operational efficiency. By taking note of these POS products and software, small businesses will take numerous advantages of their POS operation and receive insights into how to continue improving their operations.
Author: Max Jovanovic
