Traditional intelligence systems do not analyse current business performance, meaning information is out of date by the time you're reading it. The Epos Now system provides real time sales data. The immediacy of this information ensures you can you to track stock, revise margins, compare figures and be responsive to emerging industry trends as they happen.
Customer satisfaction is central to securing repeat custom. Having a wide range of stock offers consumers more choice. Catering for a variety of tastes will encourage new customers to come back once the footballs over. Increased stock can mean increased problems but the transparency of the back office interface eliminates any issues related to stock control.
Data from Epos Now shows automated reporting can save business owners up to 5 hours admin time a week. This equates to over 10 days of across the year!
Identify what your best selling stock is, at which times and price it accordingly to safeguard profitability throughout the year. The foresight provided by the reporting module means you never run out of popular stock, ensuring customers are never disappointed. Similarly you can view under-performing stock allowing you to discontinue unpopular items if necessary. Additionally, sitting on surplus stock limits cash flow which is essential for small businesses to run smoothly. Creating tailored promotions allows you to push surplus stock at peak times.
Wastage costs the hospitality industry £2.5bn per year. Looking back on sales figures from previous quarters provides a valuable precedent, allowing you to adjust stock orders accordingly in correlation to seasonal trends.
Epos Now allows you to manage your profits as they grow during Euro 2016, and the capability to protect them after.
Our data showed the average pub is expected to see a 21% jump in takings during the England V Wales match on the 16th of June. This figure was verified by the BBC, access the link here; bbc.in/1Y5VQFi