The POS system has become ubiquitous in the retail business world for its considerable benefits. According to Finances Online, the global POS market is expected to reach $29.09 billion by 2025. Currently, there are two major POS platforms which are cloud-based POS and on-premise POS. No matter if POS is running on the cloud or…
2020 is such a truly memorable year for any business industry due to the great COVID-19 impacts. In an attempt to prevent the spread of the virus, many countries have imposed temporary closures to restaurants, bars, and venues. Additionally, governments encourage working from home and put a strict ban on public gatherings. All of these…
Store credit is cost-efficient for any retail business in dealing with returns, yet, also is a great marketing tool. Not only this policy helps to boost customer retention, but also it enhances brand loyalty. With that in mind, today’s article will show you several helpful tips to maximize the potential of store credit. What’s online…
Before retailers acquire a POS system, you should already have the answer on whether on-premise or cloud-based POS is suitable. In fact, on-premise POS ruled the roost until recently, the web-based has become a “king” thanks to its versatility and convenience. However, that does not mean legacy POS systems are dead. Many POS vendors still…
Retail businesses have been through the insanity in the last 12 months due to the significant impact of the COVID19 pandemic. At the end of the year, it is time to sit down and evaluate how well your business has performed through the crisis. However, it is not a simple task to gauge a business’s…
Breakup never seems easy when it comes to POS with a complex and big data storage system. Moreover, POS transition is not only the task of transferring all necessary data but also securing data from external threats, such as hackers and cybercriminals. The article is here to help you make a smooth and safe POS…
According to Statista, return deliveries are expected to cost 550 million US dollars by 2020 (correspondingly an increase of 75.2% from four years earlier). Various reasons can be listed out to explain why customers are not satisfied then end up giving items back. Despite this fact, businesses can take advantage of opportunities to increase customer…
In the present day, customers do not take a linear shopping journey anymore. They engage with sellers on multiple channels, such as they go to the website, make orders online, and pick up products in-store. That being so, it is challenging for store owners to actively engage with clients through various platforms. The article will…
According to Finances Online, the total mobile POS transaction value was over a million in 2020. It shows the fact that more retailers opt for using mobile devices instead of a giant POS hardware to process the transactions. However, the majority of mobile POS apps (mPOS) are compatible with the iOS operating system, instead of…
Retailers might have heard about the periodic and perpetual method in the process of tracking inventory. Choosing one system seems like an inconsequential decision but it can have a significant impact. Which is how easy and accurate the inventory management is. If a retail business can not keep an eye on the number of available…