Point of Sale software is the consolidation of hardware and software that is used to centralize the business operations. It functions as the hub where everything such as sales, customer, inventory, and employee management merges. Point of Sale is the place where your customers make a payment at your shop for goods and services. LSNetX’s Retail POS software allows retailers to increase the probability of success by providing them with tools to streamline the business processes.
A modern POS system does not only process transactions, it also provides real-time insights, automates manual tasks, helps to manage inventory, employees, and customers. With the help of our POS system, retailers can make smart, data-driven business decisions to increase sales. LSNetX’s Retail POS software can help retail businesses to increase customer satisfaction by providing a seamless in-store experience to customers.
POS Software Features
Easy checkout
POS system helps retailers to save both time and money by processing the order and billing at a faster-pace. It helps to process the orders by scanning products and capturing various payment modes. It has the ability to produce order invoices, reprint, and email to end customers. In addition to this, it adds the discount, customer information, additional remarks, and the name of the salesman to an order.
Get real-time data and reports
To run a profitable business, you need accurate numbers and data to help you to create a successful strategy, and to make smart business decisions. Our POS system is able to provide real-time data so that retailers can make smart business decisions. One can determine which products require more marketing efforts, or when to run promotions to increase sales based on the POS system analytics.
LSNetX’s POS system can provide useful insights such as:
- Best selling items
- Least selling items
- Peak hours
- Low stock count
Inventory Management
One of the most critical functions in a retail business is to manage the inventory levels. Poor inventory management can cause profit losses and have a negative effect on cash flow. With our POS software, retailers can keep an eye on the inventory and can track the inventory of multiple stores without the need to be present at each store and can analyze when it’s time to manage orders for specific products when your stock is running low so you never run out of stock, and never miss out on more sales.
LSNetX’s POS software enables retailers to:
- Identify inventory parts with a unique serial number
- Manage stock by creating product variations in terms of size and color
- Track inventory levels across multiple locations
- Provide data which includes the value of inventory items, how many items are in stock, and profit margins
- Provide a view of lot-wise inventory, SKU transaction history, inbound & outbound inventory
Employee Management
Our Retail Point of sale Software helps to assess the performance of your employees. It has a shift feature that requires employees to clock-in and clock-out using a PIN. With the retail POS software, retailers can track each employee’s performance and analyze sale data effectively to see which employee is working as a top performer and to track comprehensive information to help retailers to track revenue.
LSNetX POS software gives retailers the ability to:
- Add employees to their system
- Create and modify schedules for employees based on activity forecast
- Email schedules to employees
- Track employee hours weekly and overtime
- Analyze the top performers
- Track how much sales each employee generates
Sales Reporting
Retailers can look at their sales reports based on the data gathered by the point of sale software. At the point of sale terminal, registered data and activity is monitored and that data is processed for review as POS reports. POS software produces sales reports (based on the product, hour, employee, total cost of items sold, total retail amount, net profit, profit percentage, gross margin). It offers comprehensive information to help retailers to track revenue, analyze sales, make informed inventory purchases, and monitor the overall health of their retail business.
Cross channel returns management
With the help of our POS software, retailers can accept returns and replacements from any store location. The system allows the creation of multiple returns at various time intervals. Information such as the reason for the return, the name of the salesperson, and remarks will be there.
Customer Relationship Management
POS software allows storing customer information and purchase history. This helps the retailers to provide a personalized experience to the customers according to their shopping habits, choices, and based on their purchase history. Using this feature, retailers can notify loyal customers about sales and discounts, as they have the maximum probability of spending at your store.
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