A Comparison Between Cash Registers and EPOS Tills
Cash management systems are very important in business. Any flaws within the system can lead to major financial catastrophes, which could hurt your business. Therefore, you will need a machine that will process your sales and ensure that everything is done with accuracy and efficiency.
You have two options when it comes to cash management systems. You can settle either for traditional cash registers, or set up a computerized point of sale system. Each one has its own benefits and limitation.
Benefits and Limitations of Cash Registers
The main benefit of cash registers is that it has very low cost for startups. It has fewer components, as opposed to an EPOS system. Learning how to operate cash registers is also easier and does not require any training. Cash registers are also durable because they can last up to 15 years of usage. However, it is only capable of handling basic tasks. It is incapable of doing more sophisticated functions, such as updating of inventory, time tracking, etc.
Benefits and Limitation of Computerized POS
Obviously, electronic point of sale systems, such as IPAD POS have more functions than traditional cash registers. It can provide a detailed report of each transaction completed, including the time, date, as well name and descriptions of each product sold.
Electronic point of sale systems is also capable of updating your inventories whenever sales are made, making inventory management easier. Data sharing is also another excellent feature of computerized POS. This feature proves to be beneficial for restaurant businesses, because it allows the staff to transmit orders to the kitchen with great efficiency.
EPOS is also upgradeable. There are numerous accessories, which you can incorporate into the system. For example, you can connect receipt printers, scanners, CCTVs, touch screen display, and so forth. These devices can make things easier for your staff, which in turn boosts the quality of their performance.
The only downside of electronic point of sale system is that they tend to be pricey. The cost usually depends on the features of the system. You may also need to train your staff to use the system due to the vast number of functions that it has.
How to Buy an EPOS System
The first thing that you need to do is to know your business needs. In this way, you will be able to know which features you should look for when shopping for EPOS tills. This will also help you avoid wasting money. As mentioned earlier, the cost of electronic point of sale systems depends on its features. Therefore, buying a system that contains features unsuitable to your business is not a wise idea.
You can order EPOS systems online, or buy them from local vendors. Just make sure you will check the reputation of the retailer before you make a purchase. You can do this by reading reviews or asking for referrals or testimonials.
Cash registers and EPOS systems have their own benefits and limitations. Whether to choose the former or the latter, the choice is entirely up to you.
