The Merchant Solutions offers a retail point of sale (POS) system that helps increase efficiency and accuracy, lowers operating costs, and helps you manage your inventory. The ease to use retail POS includes the features most desired by retailers, such as inventory tracking, credit card processing, cash management, customer loyalty, employee time clock and labor scheduling, and a detailed reporting interface to help retailers make smarter business decisions.
Retailers benefit from a retail POS system that is easy to use and enables cashiers to ring up sales fast so the lines stay short. Ringing up an item is as simple as scanning its bar code, or touching a button on the touch screen if it does not have a bar code. Sale and specialty pricing are automatically calculated by the POS. The point of sale solution is designed to require the least amount of touches necessary to ring up a customer, and performs functions faster than a traditional cash register. Quick tender keys make cash transactions fast, and payment by credit card and gift card is as simple as swiping the card – no buttons required. Payment by other tender types such as pin debit, EBT and checks are also supported.
Accurate and robust inventory control is a key component of a retail store’s profit margins and overall success. The inventory tracking capabilities within TMS POS detail which products are selling, what needs to be reordered and identifies items that have been stolen or are otherwise missing. The integrated purchasing functionality is used to track vendor lists, manage item costs and generate and receive purchase orders. Stock can be counted or received away from the register using the integrated Pocket Inventory software on a handheld computer.
Good service and quality products are key components of generating new and repeat business; however, those two elements alone will not ensure success. The retail point of sale solution helps you answer the question of ‘What next?’ after selling to a customer. Solid marketing and a loyalty rewards program are proven methods of attracting new and existing customers into your store. Retail POS puts several tools in your hands to help you accomplish this, including automated tracking of loyalty plans and tools to market directly to your customers.
Employee theft is one of the leading causes of retail shrink, caused by a combination of theft of cash and inventory, as well as unwarranted discounts. TMS POS includes multiple theft prevention features that introduce accountability to your employees. System functions such as discounts, no-sales, voids, and price changes can be accessed or restricted based on an employee’s unique login ID or job code. Various reports can be generated on this activity to identify potential theft or wrongdoing. Strict cash control features can be used to identify cash discrepancies down to the shift or the cashier. A camera security system can be connected to the retail POS system to further enhance the accountability of your employees and security of your store.
Retailers spend countless hours calculating profits, expenses and payroll and performing a variety of manual tasks in order to run their business. TMS POS contains dozens of built-in tools to help retailers streamline administrative tasks and manage their retail stores more efficiently.Labor is typically the largest expense in a retail store outside the cost of the products being sold. The retail point of sale system has integrated time-clock and labor scheduling functionality to help you manage staffing and reduce labor costs.