It started with the best of intentions in mind and with a sense of purpose. Maybe it was an out of control inventory, or the inability to balance your books. To help, you started using business software tools to help you wade through all of your data. As the data started to pile up, though, you found yourself backed into a corner. Now what? Do you bring in more tools to help analyze it all? How can you get the data from one tool to play nicely with another tool?
Before you start diving into the options to make your data more useful, consider these important points. You should not have to jump through hoops to create an accurate view of what is happening in your business. The data you gather should all be consistent and compatible as it comes in from each area of your business. You need to have a tool in place that pulls everything together seamlessly, and this tool is a point of sale report system.
An Inclusive Point of Sale Platform Makes Data Compatible
A key issue that many businesses struggle to solve, regardless of size, is how to make data work from one end to the other. Having a mishmash of software tools that range from decades-old freeware tools to advanced, app-based analytics software will trap you in inefficient, manual processing of your data. Building reports quickly is next to impossible in this scenario, as is the ability to be confident in any results that are reported.
The set of tools that will present you with the most accurate and compatible reporting options is an all-inclusive POS software solution. This not only gives you a clear benefit in having to manage and maintain just one system, but it ensures that you will have clean, accurate data from all areas of your operations. Advanced reporting functions and near-flawless data management actions can be executed with very little manual intervention.
Leveraging Advanced Reporting Abilities to Deepen Customer Relations
Investing in a cutting-edge POS solution opens up some very exciting options for you to use in building customer relationships. Matching transaction data to personal customer information and inventory trends gives you a perfect view around where adjustments need to be made. You can create a more personalized shopping experience for your customers and can make accurate determinations about inventory that can be reduced versus items that should be promoted.
For example, you notice that two very similar products have successes on opposite ends of the spectrum. Only a small segment of your customers are purchasing product “A,” but the similar and yet highly desirable product “B” is proving to be very popular. You make the data-backed decision to start promoting product “B” to those purchasing product “A.” This results in saving the space and time to keep product “A” in stock while satisfying your customer’s expectations.
The blend of data can be expanded into the cloud as well, through the ability to present a multichannel experience. Advanced app-based metrics track what your customers browse online, allowing you to generate reports to better determine which items are more successful in physical sales, versus those that do the best in a virtual store. This gives you better control over your inventory and helps you to avoid placing items in a clearance bin for a loss.
Enjoy Productive Employee Management with a Simple Touch
Equipping yourself with advanced POS reporting abilities takes your staff management capabilities to the next level. Your relationship with your employees, and their relationships with each other, greatly improve when you can make transparency a priority. The creation of a solid foundation that is centered on mutual respect, accountability, and training support will improve your customer service, as well as your employee retention rates.
Your next-gen POS platform gives you the ability to allow staff to view their schedules, hours, payroll information, and performance in an easy to use app. The app uses the advanced reporting capabilities contained within your POS solution to provide near real-time statistics and analysis to make it easy for everyone to stay in communication with one another. Staff will have a clear idea of where they stand, what they will be paid, and who may need assistance.
A key win in all of this is the automation of time-consuming staff management processes. Your employees can indicate their days and hours of availability on your app, making scheduling less prone to later changes while reducing last-minute call-ins. You can use valuable performance data to create a staffing blend to drive sales, or a staff that is more conducive to training, all accurately seen through the advanced reporting capabilities of your POS system.
Let a POS Consultant be Your Point of Sale Report System Guiding Light
Getting the most out of the reporting capabilities within your POS solution is a delicate balance. You must have clean, usable data, the technology capable of analyzing it, and knowledge of the intricacies behind developing perfect reports. It is not cost-effective or beneficial to your business if you must spend valuable time digging into the intricacies of the many POS software solutions that are on the market today.
You need to let a POS expert handle the design and implementation of a solid POS platform. We will provide you with the advanced data management and reporting tools you need, based on your distinct needs, while strategically giving you the flexibility to change your solution as your business evolves. Taking control of your data through the use of advanced reporting functionalities is now accessible to small businesses, so why wait?
When you partner with talech for your business technology needs, you can be confident that your point of sale report system will have every key capability. The information your POS can offer can help you make smarter and more efficient decisions, ensuring that you and your employees are set up for success. Reach out to us today to sign up for a demo and to learn more about how talech can be your valued POS partner.