Using Point of Sale (POS) Systems to Increase Work Life Balance
Work life balance is something that citizens in the US strive to improve upon. Actually achieving work life balance is hard though. How do you trim down or push back on work to balance out with your personal life? As a business owner or manager this seems particularly difficult.
However, achieving the balance might not be as hard as many individuals suspect. In fact, the secret doesn’t completely lie in pushing back on or trimming out work. Instead, the solution can be found in your POS system.
Your POS system houses far more capability than many users realize. With the right system and the proper usage, you can easily cut hours out of your work week and increase your work life balance. Consider the following four ways POS systems can save you time and stress.
1. Improved Transaction Time
Part of your business is selling, so you expect a certain amount of your time will be spent on transactions. However, you have a lot to do in your work day, and saving seconds or minutes adds up. Powerful POS systems can improve your work life balance by streamlining your transactions. How do they do it? POS systems already have all of the details of a sale. With bar code scanning and a correctly entered inventory, there is no manual entry of data. Instead, the POS system is able to quickly determine the product, price, sale amount, and tax.
These small details will help you fly through transactions, saving time that you can later put towards your personal life.
2. Streamlined Reporting
Without reporting it’s impossible to track the progress of your business, sales, and inventory. Reporting consumes extensive amounts of time, due to data entry and output, but is one of the cornerstones of your business.
POS systems can do all of this work in a heartbeat. Because they are already being used for sales, and can be used for inventory, employee management, and more, your POS already has all of the data needed for comprehensive reporting. Powerful POS systems come with generic reports and also allow you to create custom reports, tailored around your business. These reports can be automated, shaving hours off of your week.
The added benefit of this reporting is that it reduces human error- because the POS is compiling all the data, it’s far harder for issues to occur. That means that you’ll spend far less time crunching numbers and tracking down mistakes.
3. Automated Inventory Assistance
Inventory is yet another time consumer that many business owners find themselves battling. Completing an inventory review or entering new inventory can take hours and is often done before or after hours.
A POS system can help you manage inventory and save time in a variety of ways. POS systems automatically track what is purchased during a transaction. This information can help you know how much inventory you have in stock, when it needs to be reordered, and what isn’t selling. This information can also be translated into a purchase order: reports can show you how often to restock and what to purchase more of.
4. Employee Tracking
Employee management often takes more time because humans are involved. Keeping track of another person outside of yourself can be one of the biggest time constraints business owners face. While a POS system can’t take care of the emotional aspect of employee management, it can take care of the tracking. POS systems can provide the interface for employee time cards, and with the help of simple reports, can help you understand who is selling what and when. This report will help you find your employees’ strengths, as well as understand your best business hours.
Does your POS offer your business the support you need? Are you ready to simplify your business with the use of a new POS? SilverEdge can help. If you are ready to talk with a SilverEdge representative about the right choice for your business, contact 970-800-2890 or email [email protected] today.