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Things You Should Know Before Buying for a Restaurant POS System

Things You Should Know Before Buying for a Restaurant POS System

A very important business tool for the restaurant industry is a Point of Sale (POS) system. Since a POS system uses handheld devices, errors and omissions typical of the manual order taking process are eliminated when an automated restaurant ordering system is used.

Though having a Point of Sale restaurant is quite beneficial, the functioning and associated procedures of a POS system can be quite complex. Since implementing one is a substantial investment, you need to know what you’re getting into.

The following information might prove useful in familiarizing you, as a member of the restaurant industry, with POS concepts. Importantly, you’ll understand how your business can be protected from the usual pitfalls related to POS.

Get Familiar with Components and Costs

It’s important for you to know all the hardware and software components of your POS system. Some systems offer comprehensive functionality which others only the basics. When you are shown an initial demo, the system provider might use a lot of fancy equipment which may not be included in the quotation he provides. Ensure that he lets you know the pricing for all optional software and hardware that might not be part of the main quote.

In addition to this, make it a point to find out other affiliated charges such as license and installation fees along with possible recurring costs such as maintenance charges and fees for service level agreements (SLA).

By being well informed regarding how much total expenditure you’re in for initially as well as over a period of time, you can determine your total cost of ownership (TCO) and avoid any financial shocks later. Ensure clearly defined Service Level Agreement and Fee Schedules

The SLA which is a negotiated agreement between you and the POS System Provider enlists the provider’s obligation with regards to his services, responsibilities and warranties. Sometimes, even penalties are agreed upon in the event of SLA non-compliance. A clearly defined SLA will go a long way in avoiding potential misunderstandings in future, minimizing questions and providing necessary recourse.

In addition to the initial POS system cost, you will need to incur recurring charges for services given by other business partners such as credit card processing, online ordering, time and attendance etc. It is advisable to confirm the party providing each service. You also need to be clear about fees for additional services like upgrades, software and hardware support and staff training. Once you have a schedule outlining all costs and their recurrence, you can plan your budgets accordingly.

Know your Service Provider and Affiliated Financial Benefits

If you’re stuck in a non-profitable business relationship with your POS provider, it can have a detrimental effect on your restaurant’s operations. Before you actually sign a contract, make sure you know all options for terminating the agreement or payment processing and any other associated fees.

It is common for POS System Providers and payment processing companies to have revenue-sharing arrangements. Ask the POS System Provider to disclose financial benefits, if any, from such

A System Provider may significantly bring down the cost of a POS system if you use the “processing services” of his company or increase it if you don’t. When processing is outsourced to an independent sales organization (ISO), the provider may charge more than the direct processor. Find out the additional services that you are getting from your System Provider which may not be available from the direct processor.

If you go in for a POS restaurant being well-informed, you’re sure to reap innumerable benefits. An organised workplace, increased revenues, happier customers and larger profit margins are only a few of them.

About Author:-

With over 10 years of experience in developing point of sale restaurant applications, the author of this article is a self made software developer, a good cook, and a globe trotter. She has developed different cloud based applications for restaurant ordering system that are being used by different hospitality industry players.

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Latest Trends in EPOS Systems Industry

Latest Trends in EPOS Systems Industry

A successful electronic point of sales system is that which makes all business operations convenient and efficient, increases sales and profitability of business, assists in offering better customer services and analysesperformance of various business sections. The main objective for installing an EPOS system is to keep track of overall sales and performance of business. A good EPOS system is one which generates reports of business and offers facility to compare sales and profits of businesses during a specific period of time. The information obtained through EPOS systems paves the ways for manager and entrepreneurs to formulate future business growth and marketing strategies. There is no doubt that decision making process is one of the most important and critical parts of any organizations and it rely greatly on correct information to be effective.

Among the latest trends being used in electronic point of sales systems is the use of touch screens which make display screen quite user-friendly and entries can be made with much more speed in Till machines. Touch screen displays in electronic point of sales system make it possible for human users to make a direct interaction with Tillmachine without any requirement for using keyboard and mouse. Touch screens systems also occupy limited space at counter and these are a powerful medium of increasing customer satisfaction as customers do not have to wait in queue on counters due to faster data entering facility of touch screen POS systems.

During the last several years a big trend in electronic point of sales industry has been witnessed that those small scale businesses are now switching or planning to switch their businesses on EPOS technology as well which were not able to use these sophisticated systems some years before. Due to the increasing competition in EPOS industry, electronic point of sales systems providers are now striving to offer their clients as much affordable systems as possible. Also customized EPOS systems developed for specific needs of any particular industry are now increasing in demand as such systems allow entrepreneurs to invest only in those areas which are necessary for a business. Nowadays these systems are now available with different EPOS accessories and customers have the choice to purchase only those EPOS devices which in their view are necessary for their business. Small businesses are now inclining towards using this latest EPOS technology as a mean for capturing their target markets, increasing profit margins and getting competitive advantage over their competitors.

Latest POS systems are now available with online connectivity feature. This feature provides an opportunity to get online orders from their customers and also place orders to manufacturers and wholesalers for their stock. POS systems with mobile connectivity are helpful for administering and monitoring various business branches from one single place simultaneously. Such online EPOS systems are a powerful source for boosting online sales of a business.

Also POS systems integrated with accounting software are now available in market. Such Electronic point of sale systems not only help manage cash flow of business but also provide convenience in accounts management as all business transactions are not needed to be entered in accounting software. Different accounts sheets are also automatically generated through such EPOS systems.

E-till Solutions is a premium provider of Pharmacy point of sales, wholesale EPOS, dry cleaning pos and Hospitality Epos systems along with several other retail EPOS systems in UK.

http://www.sooperarticles.com/business-articles/management-articles/latest-trends-epos-systems-industry-1066345.html

What Are The Important Benefits of Having a POS System at Your Restaurants

What Are The Important Benefits of Having a POS System at Your Restaurants

The growth of technology has gone to all leaps and bounds wherein you could see POS system seen over restaurants or any other place coming up with loads of enhancements. You will just need fine POS software at your place which can successfully manage your entire store with all the necessary information and updates pertaining to sales, or inventory or book keeping or sales tax and so on. You will see lots of benefits of implementing this system in your retail store. In fact, you could find loads of benefits of using POS systems over restaurants, which are as under.

Save and make money: With a proper POS system at your restaurants, you cannot only save money but also draw fine money out of it. You can track everything at your workplace, appropriate from your stores to customer who frequently visits your store by the quantity of reports generated by the POS software. By being modernized upon the various aspects of your hotel business, you are able to device a fine business strategy of both saving and making money. In this way with a good Restaurant POS Software at your place can help you to confine your inventory successfully, alleviate problems coming up in your day to day business activities and so on.

You can start humanizing your customer relationship: To have a sustainable business, you just necessitate fine amount of customers. A fine and helpful Point of sale system would help you and your employees the topmost in the floor, helping them to spare less time over the counter. You can carry out a number of loyalty programs for regular consumers at your position plus avail them dissimilar beneficial drives which can efficiently managed by your Point of sales counters. Through this software you would easily come to know your usual customers, nearly all consumable products, and therefore can run value added services to these customers building a fine rapport and relationship with you. A good customer relationship promises a long term customer for your business.

Better business security: The Restaurant POS Systems coming up with PCI DSS compliance will make your business trustworthy among the customers who use credit card for shopping. The PCI Security Standard Council is an assembly which is responsible and active against the people engaged in credit card frauds.

The Other Benefits: Apart from the above listed benefits, there are other advantages too of having a robust Restaurant POS system at your business place. These will be based on your individual business requirement. So when you procure a Restaurant Point of Sale software, make certain you convey your precise necessities to the software assembly which can give you a good amount of advantages . The more superior way you explain your business requirement to the vendor the more prolific software can you expect for your point of sale counter.

The more superior way you explain your business requirement to the vendor the more prolific software can you expect for your point of sale counter.POS Software

http://www.sooperarticles.com/technology-articles/software-articles/what-important-benefits-having-pos-system-your-restaurants-1152201.html

Point of Sale Software – For Speedier and Smoother Retail Transactions

Point of Sale Software – For Speedier and Smoother Retail Transactions

Point of sale is the place where a transaction takes place. A retail point of sales system usually includes a computer, monitor, cash drawer, receipt printer, customer display and barcode scanner. Point of sale software is used to calculate sales and operate the cash drawer. It sums up the sales total, figures the official sales tax, calculates the change back from the amount tendered and automatically adjusts the store inventory levels to debit the amount of inventory sold.

The POS software is also programmed to handle functions such as pre-planned promotional sales, manufacturer coupon validation, foreign handling and multiple payment types. They are certainly cruicial for large department stores that handle hundreds of customers everyday. However, their importance cannot be undermined even for small retails as they help to streamline the daily transactions and make it simple for the business owners to keep a regular tab on their revenues. By extracting the up-to-date data from a POS software, the calculation of profits is made simpler and precise.

ERP software, Accounting software and Distribution software are also quite useful for retail stores. Along with the POS software, these additional units help to consolidate the complete business transactions and enable the retailers to record their staff salary, their inventory levels, their vendor payments and the over all maintenance of their store operations. A brief description of these software may be put as:

-ERP Software: ERP stands for Enterprise Resource Planning. The software is used to take care of important aspects of retail operations including estimation, order entry, scheduling, purchasing (from wholesalers), inventory management and maintenance of financial records.
-Accounting Software: This software records and processes accounting transaction such as accounts payable, accounts receivable, payroll and trial balance. A record of all vouchers, financial statements and the business balance sheet are controlled through accounting software.
-Distribution Software: This is an integrated software to manage order purchasing and inventory control as well as accounting, purchasing, sales and financial management.

An integrated retail software system can be customized with all or any of the products described here and help retailers in accessing crucial business information at any point of time.

Esuite is a Sydney (Australia) based company that provides business software solutions to different local and international companies. A fashion software for retail stores in garments trade, a franchise software for a restaurant or any other kind of business software can be programmed to suit your needs by esuite. You do not have to import and export data between different sections of your business activities as these are incorporated into one system. They provide totally flexible solutions to ensure that you have real time access to your business information at anytime, from anywhere!

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How to increase your retail business by using epos system

How to increase your retail business by using epos system

Technology can make your work fast and increase your accuracy in different types of business like retails by using EPOS. EPOS or electronic point of sale could one of the best technologies for retails business which gives high degree of flexibility. You can get extra efficiency as well deal with your business smoothly.

Before going to see the advantages of this system you must know the basic information and features of this technology so you may better know why it is popular? Epos system basically designs for retail industry to boost the sales and increase the productivity of retail business. With the help of epos system retail industry get booster dose in business and faster improvement due to it reduce the time.

There are many types of Epos system available in several different varieties. You can choose the types as per your needs and which fits with your system requirements of your business. Find the right epos system that fit with your business and gives maximum utilization with long time of period.  This machine is powerful enough to use in your retail counter.

The main benefit of Epos system is multifunctional performance. Epos is specifically designed to perform or handle multiple checkouts simultaneously. System has ability to verify all types of credit and debit cards and secure the transactions and print the sales reports. System is very useful to manage the stock and inventory and perform much other kind of services.

Epos is now a days not only use in super market or big shopping mall now it becomes a popular choice of fashion and accessories, charity, furniture, footwear, jewelry and many more.

EPOS is the system which will used on daily basis so when you are planning to buy a system at that time first you see your requirement and budget than after wards you can tell the company what exactly you want and how much budget you have to purchase the System.

System removes human errors and recognition of errors will save time of the user and the customers
with the help of EPOS system orders are tracking faster and customer no longer to wait in a queue and far more efficient.

Many small businesses think that EPoS system create as an unnecessary expense, but the positive side of the system is to both customer and client business and the business tracks and records everything through the EpoS package which helps to maintain your inventory, stock management, margins, purchase and sales information.

So, in this way epos system becomes very useful for many organizations to work in a speed and more effectively.

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Enhancing Your Business By having a POS System

Enhancing Your Business By having a POS System

Based on the National Museum of American History, earth’s first cash register was created in the United States by way of a person called James Ritty. Ritty, the owner of a saloon in Dayton, Ohio, came up with the Ritty Model I in 1879 as a way to stop his employees from pilfering from his day’s revenue. This predecessor to the modern cash register, and our present-day POS system, was encouraged because of the rotations of the propeller attached with a steamship. Nowadays, this seemingly innocent device is only a tiny element of a retail shop, and yet is a crucial aspect inside a greater POS system which is used to practically run the business enterprise independently.

A cash register is a small yet vital element of a larger POS system Australia is seen to provide. Look around in virtually any retail business around the globe and you will definitely locate a cash register utilized by the store’s staff to acquire any payment for products and services obtained and printing out receipts. A cash register however, is simply one component of an even greater retail platform being employed in just about any retail business observed around the world today, a system that is now as necessary as the merchandise a retail business has for sale.

This retail system can be viewed just like any normal POS system Australia presents. These systems are bundled electronic platforms consisting of a collection of advanced software and hardware bundled up into a specific package. This is actually combined in the whole business’ operations, the device being handled by the enterprise owner or perhaps the store’s personnel.

The typical POS system has several helpful features, most notable are:

Real Time Data Processing – point of sale systems are generally hooked up toward the Internet by having a solitary main database to ensure that all retail particulars (sales, customer, and also other important information) is stored immediately and can be reached quickly.

Intelligent Stock Control System – modern point of sale systems already have got the power to trace the merchandise levels/quantities not simply in one store, but also in each of the outlet stores of a retail company. This sharp merchandise capacity can monitor which distinct product is running out and the fastest selling. Consequently logistical and warehousing bad dreams or nightmares of history that cost companies considerable amounts of money can now be warded off.

Remote Access Through the Internet – The system is connected to a primary server enabling business owners to access their POS system from anywhere on the planet. The benefit of easily interacting with the program frees business owners to pay attention to other business efforts which include business expansion and diversification. Easy access is made achievable via the internet, more specifically with the use of cloud technology, the web-based tool to operate any POS system Australia is offering. It is convenient as opposed to cumbersome large programs you have to install.

For anybody in existence looking to improve the way they manage and operate their retail business, they should take a look at these POS systems, systems that are known as the present and future of the retail industry.

Christina Evans operates a modest chain of grocery chains being run by using a pos system, and swears by any pos system Australia offers, since these systems have been helping him earn more money for less effort given.

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What You Need to Know About Inventory Management System

What You Need to Know About Inventory Management System

We know how valuable inventory is to every operation. It matters a lot from small to big businesses, and the fact that it is also hard to control and manage is certainly undeniable. If you have a manufacturing business, supply chain or a fast food shop, then you know how factors such as pilferage, administrative errors, physical damage and expiration of items can eat away your inventory. It can even greatly hamper the profit and affect the overall system of a company.

Your products are one of the most significant assets of your business. Assuring that your organization has proper stock of goods and a system that can manage all your merchandise correctly can make a huge difference in making the sale. From the manufacturing to the point of sale, the need for a sustainable inventory solution can reassure every company that there are enough products to sell for customers while managing the control of every resource.

Setting up an inventory management system can help you make the most of inventory by keeping costs under control.

What are its Features?

For Inventory Control and Warehouse

Makes inventory process faster as they are fully automated.Easy tracking of assets with check-in/ check-out system.Managing of asset costs from merchandise to stocks with precise counting.Provides various alternatives to track all assets including supplier, client information, count of merchandise, account numbers, sales and more.Manage multiple inventories at the same time and being able to view real time records.Lower inventory loss and increase sales and operational efficienciesEnhance customer satisfaction levels with availability of productsIncrease product marginsGain control on replenishment of stocks while managing overstocks

For Purchasing Department

Modernize requisition procedure and enhance faster communication with vendors with Inventory Management Solution that can record transaction, reordering dates and other relevant informationEradicate inefficiency with online purchasingEasily identify costs, loss and profits. Avoids manual errors done in purchasing, receiving and other accounting records. -For Manufacturing Division -Offers contemporary solution of managing correct orders. Manufacturing sector can now seamlessly work with back office divisions. -For Demand Planning -Accurately give data for reordering of stocks based on sales and historical dataAutomatically compute supply plan for the organization -What are its Benefits?

Offer real-time data of demands, supply, costs, profits and trends in an operationReduce manual inventory. Makes work faster and avoids manual error or computations.Managing margins with complete data to cost of inventory and revenues.It can satisfy the demands of any industry for inventory and purchasingMeet your customer’s demands and help improve customer serviceEnhance relationships with clients, vendors, and partners in the business

I have been writing for many years now. In fact my work had already appeared in various books and websites. Today I featured what you need to know about Inventory Management System so people will be aware of the importance and its applications for businesses.

http://www.sooperarticles.com/business-articles/project-management-articles/what-you-need-know-about-inventory-management-system-1072220.html

How to Increase Profits on Your Business(2)

How to Increase Profits on Your Business

When talking about cash registers, we often imagine that calculator that has a drawer underneath that we see in supermarkets. It is not often that technologies like this change the way business is managed nowadays.

The earliest form of mechanical calculators dates back to the seventeenth century, and the abacus, the forerunner to the modern calculators, dates back all the way to the time of the Egyptians. In 1883, James Ritty invented the very first mechanical cash register. This is what you may have seen somewhere in old stores in the back roads or rural areas or towns.

The cash register has been at the forefront of business management ever since and with the addition of the paper tape to the original design, tracking of sales in those times were made easier. But ever since the 1980’s, the cash register has been seen with a whole lot of improvements to how it functions. For one thing, electronic cash registers were beginning to see prominence in most stores, and it is starting to replace the venerable mechanical cash register of the old.

By the 1990’s, there has been a new revolution with cash register design and implementation. More powerful computers made it possible to design electronic cash registers with more features and expanded connectivity. But still, there is one feature that has not gone through change, and this is the way sales are counted. Even though electronic cash registers are more powerful, they still cannot automatically count the sales or the inventory or the stock levels, and humans still has to do the manual counting for it.

When the first true integrated POS or Point of Sales System was invented, it heralded the new generation of smart systems that can not only record the sales on the cash registers, it can also tie all inventory systems together using one system to give you the one big picture at any time you need to see it.

Being a true computer by itself, a POS system can be directly compared to your home computer a few years back. The only differences would be that the POS was designed to run POS software 24 hours a day, lower power consumption and different internal design of its electronic systems.

The biggest addition to most POS systems being manufactured right now is the use of a POS software that can be installed in any of these POS systems. The POS software is just like any program you may write if you were a software designer. A lot of POS software makers also create their programs from one of a number of software programming packages or programming languages.

The nice thing about the POS hardware today is that they use a standard set of commands that they follow, due in part to them being a true computer and following the set standards for all the computers being made today.

With these standard commands, a software maker only has to use his imagination to allow these commands to be used intuitively by the user when working on the touch point of sale system. This allows for easier training and faster transactions eventually.

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How To Run A Profitable Retail Store With Pos Systems

How To Run A Profitable Retail Store With Pos Systems

If you are running a retail store, small or big, and want to see an immediate return on investment, a retail point of sale (POS) system could help you with more than just a way.

One of the biggest advantages of using such a system is that it would pay for itself, over and over again, primarily because of its functionalities. In addition to this, it even offers a simplified view of what items are selling and what are not so that it is easy for you to make informed purchasing decisions. A retail POS system is also helpful for the owners and the managers of retail stores when they are on the move and need to know about inventory, performance, sales, profits, and return on investment.

Since every transaction processed by a point of sale system is time stamped, it becomes easy and rewarding for store managers and owners to identify peak selling hours, best products, and products that are not generally bought by customers. Furthermore, a good retail point of sale system helps in avoiding double entry of orders and no more guessing games when it comes to purchase orders and is extremely useful to automatically calculate and create restocking orders so that orders by the store are always placed well ahead in time with the vendors. In addition to these distinctive advantages, such a simplified system also proves useful to promote quicker and more accurate checkout experiences for the customers and less time behind the counter for the store staff. It would even help you avoid separate systems for mail order, retail, eCommerce, and wholesale divisions and automate all the process-oriented tasks at your store.

If you want to avail these and many more benefits of POS systems, it is highly recommended that you access the website of a trusted POS hardware and POS software supplier.

By contacting a successful, experienced, and customer-oriented POS hardware and POS software supplier, you can easily eliminate shrinkage at your store. This would also protect your store from theft, wastage, and employee misuse as employees would be aware that the inventory is being tracked carefully. Moreover, this would even help you reduce the time you may have spent on calculating inventory, sales figures, and profits to get benefited from time, effort, and resource savings besides getting the complete peace of mind. In short, using a smart POS system is all you need to increase the bottom-line of your retail store in no time.

POS Central provides detailed information on Cash Registers, Cash Registers for Sale, Electronic Cash Registers, Used Cash Registers and more. Check out our website for more information: http://www.poscentral.com.au/

http://www.sooperarticles.com/business-articles/retail-articles/how-run-profitable-retail-store-pos-systems-1097948.html

Free professional restaurant point of sale QuickOrder (POS)

Free professional restaurant point of sale QuickOrder (POS)

New version of restaurants software is launched by HGsystem: QuickOrder, the first professional freeware available to manage a restaurant.
This kind of program use as a support hardware: touch screen, wireless printer and handheld. The application operates on Mac and Linux (Ubuntu).
Simplicity and functionality are the features.The most important quality for the software is usability and intuitive graphics interface, whoever can use it easily. Functioning is simple: for example, the waiter picks up orders with handheld and system delivers data to the kitchen and counter at once. Ticket can be printed on a shared receipt printer or on a separate printer in the kitchen or bar.
Moreover with a pos you are able to recorder everything: order entry, track and how much food you have in the warehouse.
The point of sale can tracks customers, reservations, status of table, previous order history, stores restaurant’s entire product list and ordering menu. You can update also data, adding new plates, beverages, prices, etc.
The application enables to fill in new data, provides report.
Computerizing the business restaurant means to check automatically profit, sale and employers too.
QuickOrder is the only one point of sale turns natively on Mac.
The software is developed with C++ language, capable to improve data elaboration efficiency. Whereas the most of restaurants systems are developed with java language or base on web platform. So the tasks are carried out with a lower capability.
QuickOrder is used on PostgresSql database, with excellent features like strength and speed.
The application is developed on the same setting production used by Nokia to manage the awarded Mobile solution. In addition, the bookcases used KDE, the Linux’s graphics interface.
The program is open source application with license, that permits public access to source code and permission to freely modify the source code with no user fees.
So whoever vendors, software house, hardware manufacturer can get for free the software and develop their business as well.
For further information visit:
http://www.supereasyfree.com/

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