How using the right EPoS system can help your business stay in control

According to Ben Lobel, more than two-thirds of small business owners say it is more stressful to run a business now than ever before. Check out the 5 tips below to find out if you’re using the right EPoS system, and how it can help you stay in control of your business.

Check the data, I’m sure you already know how important data is to stay in control of your business, but you also know the effort and stress behind data collection. With a robust EPoS system, data will be available to you that was previously out of reach. A good EPoS collects and structures the data you need, so you don't have to. PRACTI, for example, offers data on individual customers, sales per hour, most popular products, and so much more. Collecting this data would be a colossal feat without the right POS, especially if you have more than one outlet. What's more, if you manage your business remotely, you’ll need to find an EPoS where assessing store performance can be done from the comfort of your armchair, the pub, or St. Tropez (you lucky thing!).

Streamline inventory updates and stock checks, Stock checks are the bane of every employee’s life. If you work in retail, you know this reality all too well. The right EPoS will lighten your load. A good EPoS system will allow you to access your inventory wherever you are. So, you’ll be able to check your stock levels remotely, without even having to be in the shop. Once you’ve entered in your inventory, your EPoS will keep up with every sale, constantly updating your stock levels. With Practi, you’ll never have to worry about the data again, since the data is stored in our Cloud based system. 

Never run out of your most popular items, You’re in your favorite cake shop, craving your peanut butter brownie, that is, until a member of staff informs you that they’re out of stock. Heart-break. We’ve all suffered at the hands of this business failure, and we know that feeling of frustration all too well. If you know this happens in your business you’ll want to invest in an EPoS that manages stock levels. The right EPoS, for you, would rank your best selling products as well as notify you when you’re reaching low levels of stock. With this feature, you’ll have no problem making sure you never run out of your most popular items, no matter how many branches you have! 

Know your busiest times, They might not tell you, but one of your employee's pet peeves is being understaffed. With staff overworked and stressed out, customer service will suffer, inevitably. Queues multiply, customers get mad, and you miss out on sales whenever you’re understaffed. With the data from your EPoS, you’ll see your busiest hours, which can vary drastically day to day, and assign staff accordingly. For the first time, these levels of analysis are available to SMEs without the need to invest heavily in a backoffice function. What’s more, you won’t have to worry about integration of tills and software because a good EPoS will do this all for you! 

If there’s a problem, you’ll see it, A powerful EPoS backoffice also means you’ll be able to spot a problem, often before it even happens. With in-depth analysis available whenever you want it, monitor all aspects of your business. The best EPoS systems offer data on specific products, different branches, sales per hour, and data on your employees in a single place. You don't have to be in the store to see that an item isn't selling, a branch isn't functioning, or an employee isn't fulfilling their potential. Say, for instance, you have limited space on your shop floor and want to only stock the most popular products. Quantitative analysis on product sales is available on your backoffice, to help you make the most informed decision.