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Can I afford EPOS for my business?

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Can I afford EPOS for my business?

With SMEs facing increasing costs, dwindling margins and with customer expectations higher than ever before, the real question is, can you afford not to? Technology is evolving and so is your competition. A study by data insight specialist, Ormsby, showed 4 in 10 small businesses fail to survive their first 5 years trading. Innovative EPOS tech can help streamline operations, giving you more time to do what you do best, running your business. Read on to see why investing in EPOS will have countless benefits for your business.

Avoid costly mistakes

Installing an EPOS system eliminates human error from your business. Fully integrated payment systems ensure staff can’t miskey amounts into payment devices, upsetting customers and costing you money. The same applies when it comes to your accounting. Select from a number of world-class accounting integrations such as Sage and Xero which make reconciling your accounts easier than ever before with all key information automatically syncing at the end of the day.

Poor cash flow management is considered one of the leading causes of business failure, and poor inventory management impedes cash flow. Minimise wastage, identify and discontinue unpopular product lines and stay in the know with what's going on in your stock room. According to the University of Florida, staff theft accounts for 43% of all theft within a business. Intelligent inventory management systems mean you can easily identify missing stock without having to indulge in labor intensive stock takes. Read more about avoiding employee theft in your retail or hospitality business.

Save time

Running a business can be stressful when you feel your attention is pulled in different directions. How can you strategize growing tomorrow if you can barely get through today? Automating tedious admin tasks such as accounting, inventory and staff management can save you hours each week. This means you can get your head of your spreadsheets and back into getting the best from your business. Zapier is an app which can help you do just that. Zapier links your Epos Now applications, creating simple connections to help streamline your business.

An intuitive EPOS system ensures your staff can learn how to use the system in less than 15 minutes. Our award winning software also means transaction times are dramatically reduced meaning you can serve more customers quickly. This kind of efficiency is essential to getting the maximum value from each customer, ensuring they receive a fast efficient and friendly service every time.

Reduce costs

It is well-documented labor costs are one of the biggest drains on SME cash flow. By accurately forecasting when your busiest periods will be you can stop overstaffing, keeping your profits firmly in your back pocket. Epos Now integrates with Deputy, a staff management tool which takes the pain out of writing the rotas! Deputy manages all aspects of your staffing, from scheduling, time sheets payroll and performance, with all information sent directly to your employee's mobile phone.

Epos Now provides you with extensive reports and dashboards which allow you to take ownership of your own data. You can see what’s working well in your business, identifying top performing staff and products, and what isn’t. By making actionable changes you can safeguard your future profitability.

Build customer loyalty

Customer retention is essential to running a successful business, but in a world where customers are increasingly fickle, how do you keep them coming back? Running a loyalty scheme allows you to track what your customers are buying when and reward them for repeat custom. You can tailor promotions and offers to certain customers and create push notifications for when they’re nearby. Check out our integrations with LoyalZoo, Swipii and LoyaltyDog for more information on how loyalty cards and apps can boost your business.

Connect your on & offline business

Reducing costs is essential to protecting your profitability. Your website acts as a 24/7 brochure for your business. Having a professional website and e-commerce functionality is essential but can be expensive. Why outsource when you can create a high-end web and e-commerce experience? Nettl and Weebly are intelligent Epos Now integrations that allow you to build a website with ‘drag and drop’ ease, connecting your on and offline stores with real-time stocking info available at the touch of a button.

Marketing your products and services needn’t be expensive. Epos Now’s MailChimp integration allows you to make professional newsletter campaigns that can keep your customers engaged and informed with all that's going on in your business. If you're interested in some more top newsletters tips you can check them out on our blog.

Check out our return on investment calculator to see how much you can save. The majority of SME businesses see a return on their investment in as little as 5 weeks.

For more information on Epos Now’s award-winning systems and services please take a look at our product pages or give the team a call on 0800 2 945 945. They'd be happy to talk you through queries and finance options or arrange to call you back at a time convenient to you.


Erin Heenan

Erin joined Epos Now in 2016 as an in-house content writer for the marketing department, making use of 10 years experience working in busy restaurants. An avid fan of shopping and eating out, she is committed to helping retail and hospitality SMEs get the most out of their businesses.

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