If your Singapore-based company is stuck in the stone age, now’s the time for modernization. This is because of the Productive Solutions Grant (PSG) which covers approximately 70% of a provider’s long-term technology investments.
To apply, you will call for a quote from a pre-approved equipment vendor. So, first things, first. You’ve to decide what to get.
The solution is straightforward. You want to have an EPOS system.
Stick around and we’ll explain why this state of the art technology is your ticket to progress.
EPOS System: What It Is and Why You Need One
POS stands for Point of Sale. In a physical storefront, the point of sale is the cash register or until where you trade money for goods and services.
An EPOS is an Electronic Point of Sale.
By definition, the sole difference between the two is that one uses electricity. Additionally, it is a very broad term. EPOSs differ from simple tills that do little more than calculate amounts to cloud-based devices that can do virtually anything.
It’s possible to tailor the latter of these to meet the requirements of any small business. Some tasks you can perform with an EPOS include:
A cloud-based EPOS that integrates with customer management apps which makes it possible to do that. As your customers check out, they can enter contact information.
The best apps, tie that information to purchases. You then can create comprehensive reports for current information regarding your own clientele. Use this information to build true customer personas to your own organization.
Cloud-based EPOS systems have the ability to sync with a large range of apps in real time. They can also import and export data to various platforms in a choice of formats. This eliminates the requirement for data-entry by hand and reduces the possibility of human error.
Additionally, with the range of apps available, you can customize EPOS platforms to your own organization.
Examples of apps that an EPOS Might Be Able to associate with include:
CRM apps like Salesforce make it possible for you to take care of customer data in intuitive ways. It’s possible to construct databases, develop advertising campaigns and much more. Some apps also allow you to make knowledge articles for employee and customer education.
Applications like Xero and Quickbooks make accounting for your organization more fluid. Categorize expenses, record earnings, cover taxes all from one location.
Shopify, Big Commerce, together with other similar eCommerce provide you with the capability to expand the sales channel outside retail outlet to the world.
Snapify, Reeward, and other similar apps give you the capacity to deal with the pricing, sales and permit your customers interact with you everywhere and everywhere.
Maintain Complete Control Over Stock
Among the best things about cloud-based innovations is the ability to sync data across multiple devices. This is particularly beneficial in regards to stock.
Smartphones can grab UPC or QR codes to test new things or see precisely how much of a product you have got in stock. You might even change inventory on the spot without having to leave the sales floor. The best part is, the minute you make the modifications on a single device, the data gets backed up into the cloud and updated on other apparatus.