POS Inventory Software

What is a POS Inventory Software?

Point of sale (POS) inventory system is a software that writes and records all the financial operations in your store. A bar code reader accounts for each item sold and when synchronized with your warehouse, it provides you with real time opportunity to manage the quantities available for sale and those who are already sold. The program can be installed in restaurants, salon, grocery store and almost any types of retail outlets that carries goods.

The system includes the following hardware – i) usually any personal computer and a barcode reader ii) credit card reader can be connected in order to optimize the payment options available for your customers iii) more sophisticated systems provide touchscreen panels, signature capture devices, weight scales and more.

Benefits

There are lots of benefits for the business owners:

• Analyse stock details from the warehouse or store about best and worst selling items. This allows your resources to be channelled to the more popular products to boost sales items
• Save time by cutting the costs for paperwork as all transactions are stored in the server and can be retrieved anytime
• Generating detailed reports in just one click. That reduces the possibility of human related mistakes that can occur when using manual methods of report preparation
• Better warehousing management and planning by using the real time warehouse availability. With better data on hand, you can improve the decision on the quantity to be ordered from the various suppliers
• Point of sales software eliminates the double entry input of orders
• Computerized program allows the issuing and sending of electronic invoices to the customers
• By generating employee profiles for each retail store, you can also record the turnover generated by each employee and use it as one of the performance appraisal indicator

Point of sale inventory software not only benefits the business owners, it also provides lots of opportunities for the customers as well:

– Allows the easy exchange or returns of goods by customers as the initial sales has been recorded and inventory has been updated accordingly.

– Implement royalty cards, discounts and bonuses as every customers can have their own client profile.

What to look out for when choosing a POS inventory software?

Selecting a user friendly and powerful program can be a very difficult task. When your business grows, your software need to have the necessary features to cater to the expansion too. That includes addition of new modules to increase the application’s features, continuous easy maintenance, timely support and close interface to the accounting records.

The system also needs to have the ability to integrate certain business application combinations. It will be beneficial for you if all of the functions are managed by one and only software.

Our Solutions

a) Off-the-shelf program

• One popular option in Singapore which allows POS integration is QuickBooks Online, with affordable monthly fee. It is easy to use and the mobile app version allows you to manage your business anytime and anywhere, saving you time.With the secure backup, you need not worry about the manual backup, making this a cost effective solution for you. In addition, there is no need for you to pay additional fee for updates or upgrades, as it is already included in the monthly fee.
• Our off the shelf program – MYOB, is among the most popular accounting and inventory software in Singapore, Australia and New Zealand and has won numerous business awards. With superior customer support, should you encounter issues after your purchase, help is just a quick phone call or email away.  MYOB Premier Plus  can integrate POS Features. MYOB Premier Plus also offers Powerful Accounting and Billing Features. The software caters to Multi Currency-Transactions, Multi-Users, Time-Based & Tracking and Payroll.

b) Customised Solution

• If your business requires customised POS inventory software, we will have a non obligatory discussion with you to have a better understanding of your current process.  We will recommend you the solutions catered to your business needs.
• Our customised solution includes online POS system and cloud based pos systems.

Contact Us (click here) now to ask about using our solutions for your business today!