Q:

What are the advantages and disadvantages of POS systems?

A:

Quick Answer

Point-of-sale systems let employees work faster, but they may require retraining. They can also be tied to accounting software. POS systems can automate a number of tasks.

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Full Answer

POS systems let employees process transactions quickly, and they can let employees load customer data instantly. Most are able to handle credit and debit cards, and their ability to store past transactions allow businesses to run loyalty programs and other incentives programs. Many programs can also be run on smart phones and tablets, allowing companies to work away from their stores without much trouble.

However, POS systems may require employee retraining. Small businesses that run only a small amount of transactions may find that the investment necessary is not worth the cost involved in switching. For businesses that will benefit little from making the switch, it might be best to stick with old techniques.

Perhaps the most powerful aspect of POS systems, however, is that they can automatically interface with account and inventory management software. This lets companies avoid having to manually input data or copy files over. These integrated systems give employees and managers instant access to inventory information and various analyses. Many companies can spend far less on manual tasks after making the switch.

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