Choosing between cash registers and a Point of Sale (POS) system is a very important decision for any business. Majority of businesses in Trinidad still use Cash registers over POS Systems. There seems to be a lack of good information in terms of the advantages and disadvantages between the two options. It can all be broken down to some factors:
- Taxes your business collect on a sale
- Categories that require tracking at your store
- The products you carry now
- Is it busy at your store
- Do you accept coupons
- Do you require more than one register
- Do you have a loyalty program
- Will your clerks process refunds
- Do you give gift cards
- The payment types your business accepts
POS systems benefits:
- The detailed reports
- Control and the inventory management
- Use of gift cards
- Use of loyalty programs
- Accuracy and Audit trail
- The marketing tools and add-ons
- Omni-channel capabilities
- Customer relationship management
- Expands and grows with the business easily
- Multi-user and multi-store functionality
Cash Registers Benefits:
- Less components
- Less cost for startups
- Easy to use as its less in depth
- Basic functions and reporting
- 1 User Systems
Wagos Limited provides custom solutions for the retail and hospitality industries see more info here.
