Before Buying, These are the Strengths and Weaknesses of POS Software

In addition to providing advantages for business actors, software point of sales (POS) or commonly known as online cashier applications have weaknesses that you can consider.

Simply put, POS software is software-based cloud which has the function to manage, record, and monitor a transaction process. 

With POS software, you can not only store and receive money, but also manage products, payments, and other calculations related to transactions automatically.

For those of you who want to buy POS software, here are the advantages and disadvantages of the software: POS what you should know.

Advantages of POS Software (point of sales)

1. Solution for Recording Transactions Real-Time

The problem that is often faced by business actors is the incompatibility of transaction data that occurs with transaction reports at the end of operating hours.

This also makes business actors often experience changes in income margins that are not optimal. The aftermath, if left unchecked, will make the business lose money.

One of the main advantages of POS software is its ability to record transactions in real time real-time or in real time.

This allows you to track transaction activity over time, making it easier to spot transaction errors or if activity occurs fraud or cheating.

Transaction real-time also makes it easier for you to reconcile or match transaction data at the end of operating hours. So as to maximize revenue margins because it is free from miscalculations or data errors.

2, Accessibility and Security

Often what happens with conventional cashiers is in terms of security. For example, manipulation of transaction data by irresponsible employees.

Another advantage of POS software is in terms of security. Some features that require the authorization of the owner or non-employee usually require login or PIN access. For example, features tips, reports, taxes, consumer management, to store management.

POS software also has a system Single Sign On (SSO) which allows you to access the software directly or real-time from different devices.

You can directly access transaction reports directly from smartphone or laptop without the need to come to the kiosks or outlets.

3, Able to Create Better Payment Options

According to a survey conducted by USA TODAY against 1.200 users smartphone stated that 68% of users no longer need a conventional wallet.

Besides that since the appearance e-Wallets in Indonesia, people tend to put their consumptive money into e-Wallet compared to conventional wallets.

Plus there is a pandemic that makes direct transactions not go well.

This means that in the future, the business ecosystem will have more payment options than money cash.

With the POS software, you can have better payment options. You can create payment options e-money, e-wallet, debit card, to credit card or pay later.

4. Non-Cashier Features You Can Use for Business Optimization

Other advantages of POS software is the non-cashier feature that can make your business more optimal.

Example features transaction reports, where you don't have to bother re-recording transaction reports because transactions will automatically be made based on data automatically real-time.

Other features include tax calculations, returns, charge, and discounts automatically which makes the payment process less time consuming.

Furthermore, there is a stock management feature to monitor the entry and exit of stock, to customer management that you can use for retention or loyalty programs.

Disadvantages of POS Software (point of sales)

In addition to the advantages, POS software also has disadvantages that you must consider. Including the following.

1. Requires More Cost

One of the disadvantages of POS software is that you need more money in addition to the subscription fee.

For micro and small classes, subscribing to POS software starts from IDR 25.000 to IDR 300.000 per month.

 But not a few POS software too freemium. Where you can use it for free. However, to access the full features, you must subscribe.

In addition to using software, you also need hardware devices that cost quite a lot, Starting from printer, card reader, scanner, to gadgets-his.. 

2. Requires Internet Connection

Indeed, at this time, almost all regions in Indonesia already have internet access. However, technical errors on the part of internet providers often stop internet access.

Even though the data is stored real-time so that the last data entered will not be lost, but still if the internet is off or interrupted the transaction process using POS software is quite disturbing.

Those are the advantages and disadvantages of POS software. It's a good idea before buying, you consider first in terms of needs, goals, obstacles, budget and internal capabilities of the business that is being run.

Even so, the presence of POS software is able to provide benefits for business actors, especially in increasing long-term productivity.

Choosing the right POS software can also help you optimize revenue margins, increase efficiency, improve customer experience and relationships, and reduce other business bottlenecks.