When you are ready to choose a point of sale system for your business you may only be thinking about quickly and easily processing payments. But POS systems have evolved considerably in recent years and reporting features are now designed to help you run your business more efficiently. Generating reports that give you an overview of how your

business is doing, reveal trends and track employee hours are just some of the must-haves you should look for when choosing a new system.

Inventory management – Tightly controlling inventory is a common way to control expenses and cash flow and it can be stressful and time consuming! Do you know how long products are sitting on the shelf and what your order lead time is on popular products? A POS that gives you detailed reports of inventory or simple alerts when it’s time to re-order will save you time and money.

Sales numbers – Do you know when your highest traffic times are and how much your typical sale amount is? Having this information in real-time, anytime will help you to get ahead of your sales cycle by being prepared for your customers.

Time clock – Use your POS to clock employees in and out and generate timesheets for payroll use in just a few minutes. Set alerts for overtime – a useful feature when new overtime laws go into effect December 1, 2016.

Customer information – Getting to know your customers is the key to success. When you gather information at checkout your POS should be able to help you put it to good use by showing you geographic location, buying trends, average spend and favorite brands. All crucial information when developing marketing campaigns that speak to your customers.

Ready to take your business to the next level with a new point of sale system? Contact a Marketing 360 Payments representative today. We’ll talk you through these reporting features and more because making your business richer is our goal!