There are a number of ways that retailers are looking to improve overall operations. One of the most critical is upgrading the cash register to a fully integrated point of sale solution.
A recent article from Payments Source examined the different ways that a company can improve their overall operations through a POS system. This kind of solution streamlines overall operations by managing a number of different tasks.
This can happen on a small scale, like the ability to handle credit card processing sale, mobile payments and cash all in a single system. It can also be happen on a large scale with sales, reporting, inventory, customer management and loyalty programs handled in a single platform.
"With an integrated POS system, merchants can access their key performance indicators to obtain a top-level picture of their business," the article reads. "Merchants can view total sales by specific day of the week, date or time, or even by sales associate, to evaluate performance trends, measure the effectiveness of promotional efforts and determine products that are in highest demand."
These kinds of solutions require both hardware and software to be successful. You can add all the mobile devices you want, but if there is no integrated software solution, it can do far more harm than good. With the right POS software system, any company will be able to manage operations in a new way that is in line with the digital age of consumers and retail.