Automate Your Business with Amita ERP
World’s #1 ERP for Small & Medium Enterprises
World’s #1 ERP for Small & Medium Enterprises
POS systems record sales for business and tax purposes. Illegal software dubbed “zappers” can be used on POS devices to falsify these records with a view to evading the payment of taxes.
In some countries, legislation is being introduced to make cash register systems more secure. For example, the French treasury is estimated to be failing to collect approximately €14 billionof VAT revenue each year. The Finance Bill of 2016 is intended to address some of this loss by making it compulsory for taxpayers to operate on “secure systems”. Therefore, from 1 January 2018, all retail businesses in France are required to record customer payments using certified secure accounting software or cash register systems.
A certified cash register system must provide for the (i) incommutable, (ii) security and (iii) storage and archiving of data. All businesses required to comply must obtain a certificate from the cash register system provider which certifies that the system meets these requirements. This is because VAT taxpayers may need to provide a certificate to the tax authorities showing that their cash management system fulfills the new requirements.
Purchasing and receiving go hand in hand with inventory management. To get the most out of your inventory investment, your purchases need to be timely, cost-effective.
Our goal is to make purchasing from your vendors as convenient and hassle-free as possible. Read on to learn how Counterpointfrees up your time by automating and optimizing the purchasing workflow.
Create multiple variants of your products based on size, colour, material and more. Assign unique SKUs to each variant and track their stock levels.
With Hike, there are no limits on the number of products or services you can add. Your system is optimized to handle large amounts of inventory.
Barcodes for products including separate barcodes for product variants. Barcodes are also included on receipts so that you can find orders easily.
A POS system with built-in CRM functionality makes this easier by automating information-gathering to quickly capture customer data. Instead of inputting customer information into a CRM solution by hand, CRM-enabled POS systems cancollect, then automatically export and save the data taken straight from a transaction. These POS systems can transmit all types of information your CRM solution requires, such as customer names, billing and shipping addresses, email addresses and preferred nicknames. This automation saves businesses time and money by eliminating the labor required to manually input data.
E-commerce(electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry.
Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction’s life cycle although it may also use other technologies such as e-mail. Typical e-commerce transactions include the purchase of online books (such as Amazon) and music purchases (music download in the form of digital distribution such as iTunes Store), and to a less extent, customized/personalized online liquor store inventory services. There are three areas of e-commerce: online retailing, electronic markets, and online auctions. E-commerce is supported by electronic business.
Your POS system can easily collect and store customer data for you. All you have to do is ask customers at checkout for their name and contact information, and once you have that, the POS system will do everything else for you!
It will track your customer’s shopping behavior, such as: what items they buy, how much it costs, what items they buy together and when the purchase was made etc.The system will then use this information to analyze a trend and offer deeper insights about each customer and what they’ll most likely buy, how much they usually spend, what items they are most interested in etc.Isn’t that amazing?
Once you have their contact information, you can now communicate with them whenever youwant. Leverage this by sending them relevant promotions and any updates about new arrivalsin your store.