In today’s digital age, EPOS POS systems have become a cornerstone for businesses of all sizes. But with any new technology, myths and misconceptions can cloud the truth. This article dives into the 10 most common myths about EPOS POS systems, separating fact from fiction to help you make informed decisions for your business.
Myth #1: EPOS systems are too expensive
While some EPOS systems can be expensive, there are now many affordable options available. In fact, EPOS POS systems can actually save businesses money in the long run by streamlining operations and reducing costs associated with time-consuming manual processes!
Myth #2: Subscription makes things affordable
An upfront, perpetual licence typically requires a larger one-time payment. But if you plan to use the software for a long time, you can avoid the recurring fees of a subscription, potentially saving money in the long run. With a perpetual licence, you essentially own the software. You can use it indefinitely, even if the vendor stops offering it or updates require additional purchases. This can provide peace of mind. Most perpetual licences don’t require an internet connection to use the software, unlike some subscription models that depend on constant online activation or verification.
Myth #3: A cloud POS system won’t work if the internet goes down
Our POS system is a hybrid POS, and can continue to function offline. This means that you can continue to process sales even if your internet connection goes down. The data will then be synced to the cloud once the connection is restored.
Myth #4: EPOS POS systems only track sales.
Our POS systems can do much more than just track sales. They can also help businesses manage inventory, track customer loyalty points, and generate reports to provide valuable insights into business performance. Our POS systems offer features like product sales reports that allow businesses to gain valuable insights into their sales performance. This data can help with tasks like optimising inventory levels and identifying profitable products. Our POS system can help make, cancel and manage appointments too!
Myth #5: Cloud POS systems are less secure than traditional systems
Cloud-based POS systems can actually be more secure than traditional systems that store data on-site. Cloud providers invest heavily in security measures to protect their data centres, and POS data is often encrypted both at rest and in transit.
Myth #6: POS systems are only for big businesses
Our POS systems can benefit businesses of all sizes. They can streamline operations, track inventory, and provide valuable data for any SME business owner. Real-time inventory tracking helps you avoid “stockouts” and ensure you have the inventory for your business to function at its best. With our POS system, SMEs can build stronger customer relationships by storing customer information and preferences within the POS system, allowing for targeted promotions and loyalty programs.
Myth #7: EPOS systems are difficult to set up and use
Modern EPOS systems are designed to be user-friendly and intuitive. Most systems can be set up in a matter of minutes and come with comprehensive training and support resources.
Myth #8: EPOS systems are difficult to integrate with other business systems
Modern EPOS systems are designed to integrate with other business systems, such as accounting software and marketing automation platforms. We designed our POS system to seamlessly integrate with many popular business systems, such as ecommerce platforms, delivery platforms and payment gateways!
Myth #9: A desktop pc is better as it has superior specifications to Any POS system
Our POS hardware is better suited for specific tasks in a retail environment compared to a normal PC. They are built to withstand long hours of operation (often 24/7) in a commercial setting. They use higher quality components designed for continuous use and dusty environments. A regular PC is designed for typical home or office use and wouldn’t hold up as well.
Our POS systems prioritise stable operation over bleeding-edge specs. They use well-tested components and configurations to minimise crashes and ensure smooth operation for your checkout system. Regular PCs may have features or components optimised for speed or performance that can introduce instabilities.
Myth #10: All POS systems calculate GST in the same manner
There are two ways to compute the total GST amount if your tax invoice contains several line items of standard-rated supplies. Calculate the GST amount for each line item and sum up the GST amounts for each line item, or calculate the GST on the total amount payable (i.e. summing all line items before GST).
EPOS calculates GST amount per item, which is fully in accordance with the guidance provided by IRAS. This method is mathematically superior, because it always results in lower GST paid compared to taking 7% on the whole bill. An international POS system might not be configured to handle these requirements automatically.
Conclusion
In conclusion, while EPOS POS systems may seem complex or intimidating at first, they offer a multitude of benefits that can streamline your business operations and boost your bottom line. Don’t let these common myths deter you from exploring the potential of EPOS systems. By understanding the true capabilities of these advanced solutions, you can empower your business to thrive in today’s competitive marketplace.
