The latest inventory software with payroll deductions offers automation to retail managers using POS solution integrations. Payroll deduction software allows staff to make purchases from their company retail or gift store, with balance removal from their paychecks. This offers a much faster payment solution for your employee purchases and incorporates cashless payment solutions that incentivize more frequent visits. Integrating these payments is crucial to the data collection improvements they yield; this gives managers the chance to compile their sales reports to be more comprehensive.
Here are the following reasons why you need inventory software with payroll deductions:
- Payroll Deduction Software Integration
- Automatic Inventory Updates Solution
- Payroll Deduction Software for Online Ordering
Payroll Deduction Software Integration
Integration capabilities are the most crucial aspect of payroll deduction software. Although employee ID badge purchases are heavily favorable, managers will reap insights into their selling strategies and inventory management to improve their sale frequency with the use of clean POS data. Payroll deduction software integrates with your POS register sales and inventory software to make automatic adjustments to your on-hand inventory and sales data after transactions. This will disable the need for on-hand tracking of this data, incorporating organizational improvements for your customer, sales, and inventory data.
Our payroll deduction software, ArbaRapidPay, allows these ID badge payments and offers managers the chance to implement software integration. Our POS system also generates an export file at the end of each pay cycle, and automatically tracks the remaining payroll deduction balances for your staff. Employees without an ID badge can still make purchases as well with our customer look-up feature. External employees, such as contractors, will also have accounts set up for them during their time at the given location.
We incorporate fail-safe solutions within our point of sale due to our many years of experience in the retail industry; our local/offline mode allows locations to continue to conduct sales even in the event of an internet outage. Your sales and inventory data can upload to your POS system once the connection is running again. Our fundraiser software also allows your staff to use a separate payroll deductions account to make fundraiser purchases, which your POS system monitors and tracks.
Automatic Inventory Updates Solution
As we discussed earlier, integrating your inventory software is necessary for optimizing your operational efficiency and data collection methods. In short, integrated inventory solutions also yield the following advantages:
- Managers will quickly notice purchasing frequency for items, and be able to spot favorable and unfavorable items, which can then be used to make changes to the items their store offers.
- Reduced paperwork will heavily improve the overall organization of your operation, and centralize almost all of your POS tasks in one location.
- Discounting and marketing strategies will improve as a result of data collected on items that are frequently purchased by employees. These items can then be put on sale or have other special offers that further incentivize employees to make purchases.
- With our cloud POS solution, managers will be able to access their POS data using any device. This allows them to access their integrated inventory data and see real-time updates after transactions are completed without having to be in the store itself.
It’s clear that integrating your inventory management software plays a key role in improving your operations overall. Locations that continue to disregard the need to update their POS solutions are at a major disadvantage to those that do.
Payroll Deduction Software for Online Ordering
Online ordering is one of the best ways to begin accommodating new customers and incentivizing regular visits. Almost every retail and foodservice location has since made use of online ordering software, but again, integration plays an imperative role in the functionality and improvements they entail. Locations that make use of online ordering without integration may be increasing overall sales and participation, but are doubling the amount of work they have to do to monitor and track these purchases in accordance with their inventory data. Integrating this process allows automatic updates to your in-store inventory after both online and on-premise transactions. Offering payroll deductions is a tested-and-true method of increasing overall participation from your staff, and accommodates multiple ordering preferences across the board. Again, integrating these employee payments is the best way to maintain consistency and precision within your data collection methods, and offers increased sales at no extra hassle.
Our online ordering software encompasses both inventory and sales integration, in addition to allowing payroll deduction payments. Retail locations will harness the functionality of our integrated solutions to increase their sales levels without having to do extra labor, aside from completing more orders. Negating the need to manually track your in-store and online purchases is essential to begin optimizing your operational efficiency, and creates more reasons for customers to choose your location over others.
Inventory software with payroll deductions requires necessary integration in order to incorporate operational improvements with little-to-no extra labor. These solutions were created by retail professionals, and address many issues that are commonplace within the retail industry.
Author: Max Jovanovic
Learn more about our payroll deduction software
