Making The Switch to Pos: Pros and Cons

 

 

They say, your business flourishes as much as your Point of Sale Machine Riyad flourish, and we second it! Every customer loves moving across the shopping experience instantly and fluidly, and our POS systems just make it all come true! Even when the POS systems can help your business grow impeccable heights and drive the audience into your stores time and again, just like every other technology-inspired transformation, it comes with its own set of drawbacks knowing which is very important while you take the big decision. 

 

 

No worries, we’ve got you all covered! Let’s find the advantages and disadvantages of bringing the POS systems into your business operation corner.

 

Positives, first!

Though the fear of thinking about making the change may daunt you to bits, the amount of effort, time, and cost that gets saved with the decision makes it all worth it. To begin with, let us look a little into the positive benefits a POS system promises to offer, especially with the Amplify services.

1.       Quick and Instant in Action

In today’s world, ‘fast’ is the demand word! With everything easily available at your fingertips, in the easiest way possible, people are accustomed to getting things done at an instant pace. To speed up your business actions, a POS system can play incredible roles in every stage from picking up an order digitally to billing to receiving the payment.

2.       Shoot up your sales and profits

As the POS system educates you with better insights into your business growth, develops a better connection with the customer database, helps in marketing, plays a great role in maintaining a digital automated inventory, and quickens the process of payments, the figures are bound to spike. With lesser manpower and better personnel scheduling of staff timetable in correspondence to the peak showtimes, the overhead cost can be cut off in large margins.

3.       Flexible and easier to get on board

It usually takes months for a new employee or a customer to get accustomed to the working and operation of any retail store or restaurant. But with mechanized POS systems, the on-boarding of staff is easy as analytics and reports are available on the screens as per request. The customers feel safer and acknowledged with a global model of payment and tend to pay visits more often thus making the profits soar higher.

4.       Better analytics, fewer errors, and VAT inclusion

Conventional methods require huge sums of money and time to prepare a monthly report of figures and statistics. With POS systems, the interpretation is at hand any time 24/7, and this indirectly supports the development of the brand in the market. Since all calculations are computerized and stored in the form of data, the chance for errors is negligible. POS systems are now registered with Federal Tax Authority for businesses with a higher margin of profit and help in calculating and paying taxes on time and accurately.

5.       Getting ready for the future

From ready cash to debit and credit cards, we have already traveled and crossed milestones. These days, in developed cities, the cards come with a chip that offers them the option to ‘tap and go’ for payment processes. This may indeed grow into another easy mode of payment, and having a POS system in-store is an answer to all the changes in the future.

 

Why do I have to think twice?

Getting a POS into the business can make you think twice, and why not. Here is what you need to explore.

1.       Getting your staff trained with the system

Even though POS systems are easy to be taught and trained, getting your staff accustomed to new methods might be something that you want to consider before making the switch.

2.       Setting up cost

To set up a POS system, you need a full set of devices like computer screens, payment devices, and touch screens, which we at Amplify offer as a complete package. This might add up to an initial amount, slightly on the expensive side, but stays in use for a longer time.

3.       Running offline in an internet outrage

When the internet shuts off for a while, running POS software offline can be tedious, making transactions slower than usual. This might be thought of well before getting the system, as the Internet makes one of the necessities for the system to run.

4.       Getting the system set up from a trustable source

The thought of getting a complete POS system set up for your business needs research to find the best source to get the service from, trustable and without hidden contract lines that might lead to costlier updates and fancy renewals. At Amplify, we offer valuable policies and procedures that protect your right to your services most affordably.

 

 

Legal and safe, the POS way

With regards to laws and rules set by the GCC and Kingdom of Saudi Arabia, the POS system at your business has to comply with the VAT taxation customs that include tax invoicing, zero ratings of eligible products, rounding off, tax inclusive prices mentioned at the total or subtotal line, sequential numbers, and record keeping. To avoid penalties from the government in the form of non-compliance charges, non-validation, charge back liabilities, and fraud investigations, your POS system has to be well-versed with the legal rulebook. This comes as a huge headache for many business owners and finds the conventional method much easier.

But once the software is built considering all the country regulations, your business runs on its own and calculates all VAT and other compliances on its own, and alerts the owner in times of manual action needed.

Should we make the switch?

Well thought with diligence, we at Amplify find the POS Machine Jeddah worth all the effort and logic put behind to make the switch.

Turn to experts for more information in transforming your business with POS systems. Contact us to get a detailed advice from our in-house scholars!