You may have heard about the POS (Point of Sale) system. And even encountered in your business and daily life.
Firstly, let’s debunk it here in terms of business efficiency. So, you can see how it can aid in the smooth expansion of your company.
Thanks to the simplicity offered, a POS system can be the best asset of your company. POS system manages to assist you regardless of company size, products, services, client base, or location. Restaurants, e-commerce sites, hospitality applications, pharmacy stores, apparel stores… All benefit from POS omnichannel integration solutions.
What was the problem before integrated POS systems?
First of all, based on the type of business, a regular retail store or a hospitality firm with one or more chains often has a different POS system for each location. Hence, they store client data, receipts, bill payments, raw materials purchased separately.
You need these obtained outputs across all platforms or files. After that, you can get a holistic managerial perspective.
This procedure takes time and necessitates the participation of multiple staff from several departments. All of this means that if your firm grows, you’ll have to invest time, recruit more employees, and pay for both time and workforce.
However, it is not done yet. So you can still have inaccurate reports, wrong calculations in excel files. And go on your business plan without noticing it for a while.
Hence, it becomes impossible to intervene in real-time. Probably, every business encounters this kind of unpleasant situation at least once in a lifetime.
Now we have some wonderful news! Oracle NetSuite can be integrated with POS systems working for all retailers and chains, resulting in a single software to manage.
You can benefit from this cutting-edge ERP system that is personalized and tailored for your business, offering all-in-one ERP systems, CRM, and accounting management tools if you choose to do so.
Why is the POS system now almost indispensable?
- By preventing human interventions such as manual accounting, inventory updates, and so on, a POS system decreases the risk of errors.
- You can deal with large data records (bills, orders, financial statements, and so on.)
- Modern POS systems aid in collecting data from various sources, including internet sales and ERP systems, to match orders with available inventory.
- Orders, bills, financial reports, and taxes may all be managed without the need for human calculations.
To summarize, if you have many products and many employees in several locations, a POS system that consolidates your sales points into one location will be the best option for you.
But how can a business get the best of the POS system for efficiency?
Here the Netsuite ERP systems that come into play.
NetSuite is an online service, primarily chosen as a cloud ERP system. It enables businesses to manage their most important business activities in a single system.
To put it another way, NetSuite is a cloud-based unified business and ERP management package. NetSuite’s product set includes ERP, CRM, Financial Management, e-commerce, and omnichannel commerce tools.
As a result, NetSuite has become a popular ERP system Malaysia, where it is used to manage inventories, track financials, organize e-commerce sites, and manage customer relationships.
What makes Netsuite ERP useful for a business?
First of all, you can scale up, pivot, adopt new business models; NetSuite’s flexibility lets you do it all in one place. And quite easily.
Moreover, you can turn your conventional business and trading into a customer-oriented e-commerce business
Distinctively, you will have real-time analytics regarding your sales. You will see your bottlenecks and what your business needs.
Furthermore, Oracle Netsuite is a cloud ERP system. It means that you only need to have a browser and a good Internet connection to manage and oversee all your systems. These include your POS system, CRM, and ERP system.
Netsuite ERP is appreciated and preferred by a diverse range of businesses. Because it works for everyone. It has an intuitive interface that each business owner can start using.
Nonetheless, hear this out while once more to offer you an overall view.
NetSuite is a unified platform that includes ERP, CRM, Financial Management, e-commerce, and omnichannel commerce in one package.
It basically means that you can see the journey of your product, service. Thus, in a broader sense, your company in one single dashboard. Along with full accuracy and real-time visibility. It starts with procurement and supply chain implementation and includes product acceptance, inventory control, production, delivery, sales, and customer experience. So, what’s keeping you from using Netsuite ERP for your company right now?