Companies that leverage ID badge scanning in their employee facilities find an increase in their revenue generated due to an increase in employee participation. Not only will this increase revenue, but choosing the right vendor to automate your payroll deduction process also saves valuable time for your payroll department. That’s right, there are companies that exist to help automate your employee payroll deduction process to ensure you are saving the most time and money. The return on investment is enormous. Employees stay well fed, and your company starts earning more money. What is there to lose?
Cashless POS systems have different meanings to different people. It is my hope that we can clarify what a cashless POS system should mean to you and your business. Yes, a credit card payment is cashless payment, but is not the only cashless payment to exist, especially not for employee cafeterias, or stores. Today, let’s cover the different areas one should recognize when searching for cashless POS solutions.
Searching for Cashless POS Systems
So, you’re searching for a new POS system to fit the needs of an employee cafeteria or store. Many people may not know what to search for when they are looking for a cashless system for their facilities. That is because it is not an easy search to accomplish and there are many companies claiming cashless POS; they are only referring to credit card payments. A true cashless POS system will have POS solutions integrated with employee payroll deduction accounts or declining balance accounts. This typically comes in the form of ID badge scanning with accounts that interface from the POS to your payroll system.
Here is a list of phrases you can search to find a true cashless POS system:
- Payroll Deductions POS
- ID Badge Scanning POS
- Cashless Payment Solutions
- Cashless POS Solutions
Features of a Cashless Point-of-Sale System
Many companies will overlook that trends with corporate and hospital POS have changed over the last several years. Companies can choose a POS system to fit the needs of their own operation. Not every company is the same. Most food service management companies will bring in a POS system that does not offer the many features that your business might be looking for. Be sure to find yourself a vendor that offers the following features with a cashless point-of-sale system:
Here is a list of key features you should find with a cashless POS system:
- ID Badge Scanning
- Payroll Deductions Interface
- Credit Card Tenders
- Self-Service Kiosks
- Online Ordering
It’s important to know that there are companies out there can provide these features integrated with cashless payments. Tender types such as payroll deductions, declining balance, and credit cards is what makes a system truly cashless. Combine any of these tender types with solutions like cash registers, self-service kiosks, and online ordering, and you have really found yourself a true cashless point of sale system.
Author: Blake Bell