If you have a few franchises to your name, your next challenge is keeping tabs on them all – all at once. Your best bet is a truly excellent Point-Of-Sale (POS) system that’s capable of giving you the insight and tools you need.
The right POS system will not only reveal and clarify your performance, it will make your life as a franchisee easier and better. And that is the surest way you can continue to grow your network.
If you’ve been in business for a while, when was the last time you updated your POS? If you had to think about that, it’s time to investigate some of the amazing new systems on the scene. Ones that go beyond mere customer service and almost double as your accountant… no, I’ve said too much! Put it this way: they’re becoming so advanced, I might be out of a job soon.
If you’re buying a POS for the first time, you my friend are lucky because we’re in the midst of a golden age. Technology has leapt ahead and the humble POS has benefited massively. Nowadays, retail systems come in all shapes and sizes and they’re incredibly easy and pleasant for both staff and customers to use. They’re also integrated and more secure than ever before. Even better, all your data is backed up safely in the ‘cloud’. There’s no mad panic if your system crashes or there’s a break-in.
Take, for example, the new-fangled ‘tablet’ POS systems. If you don’t have one, you’ve probably seen them around… They’re the ones where it’s like the cashier is asking you to tap their iPad with your card. Very modern and swish they look too.
Never mind all that logistical stuff, though – that’s just the cherry on top.
Let’s talk about how a high-quality POS system can actually boost your business. A great system can and will:
- Improve productivity
- Track inventory
- Allow real-time reporting from every store
- Integrate with your accounting package (saves so much time and ensures accuracy)
- Cost items better and keep track of wastage
- Analyse inventory
- Track all stores in your network and tell you what lines/SKUs are profitable
- Track KPIs
PLEASANT SURPRISE: now that even mobile devices can function as POS systems, you are no longer obligated to spend a fortune on complicated hardware. Thank heavens for that!
Also, when it comes to choosing your POS, there are now so many out there. Remember when everyone used to use the same system? Now the market is competitive and you know who wins out when that happens (clue: you).
You can’t go wrong with the likes of these:
So many systems, so many brilliant capabilities! Talk to our team about what might be the best one for your franchise network.