Electronic payments are on the rise, as Singapore inches ever closer to a cashless society. With that said, cash remains a useful form of payment and is not expected to go away anytime soon. So as a retail owner, you will still require a way to record these transactions and store the cash securely. An electronic cash register with a built-in cash drawer offers just that. Learn how a cash register can still benefit your business today!
Advantage #1: Intuitive to use
Running a retail business can be hectic. Therefore, the last thing you want is to waste additional time figuring out how to operate your equipment. This thought plays into the development of an electronic cash register, as it is designed for maximum efficiency and is intuitive to use, from its keyboard design to its sales display.
Advantage #2: Data-recording feature
Every retail owner understands the importance of tracking and recording their transactions accurately and efficiently. That is something your electronic cash register can assist you with. Because its internal computing system records every transaction, you will find it simple to compare various sales numbers and ensure it tallies with the cash in the drawer. As a result, you spend less time and effort spotting any discrepancy at the end of the business day.
Advantage #3: Affordability
Budding businesses often do not have the capital to invest in a POS system. Thankfully, they can turn to more affordable options, like electronic cash registers, to handle their transactions. The cost usually includes the setup, warranty, and any replacement of spare parts. So you need not worry about incurring additional expenses if your system breaks down during operation, as long as your warranty remains valid.
Advantage #4: Faster checkout times
Customers loathe significant waiting times. If they notice a long queue in a retail store, they are likely to visit another outlet for their shopping needs. Installing electronic cash registers can help remedy this issue, allowing your cashiers to complete their transactions quickly, efficiently, and accurately, thus keeping waiting time to a minimum.
Advantage #5: Prevent theft
Source: Complete Controller
Of course, it is essential to establish trust with your staff and give them autonomy to produce their best work for your business. However, no one can ascertain the true nature of a person. While you might think your employees are trustworthy, some may abuse your trust and steal from the business due to various circumstances.
Security cameras can help secure the workplace. However, it may not be sufficient, as blind spots can be exploited. An electronic cash register can minimise employee theft, as the drawers are automatically locked after every transaction.
To access the cash drawer, employees will require a specific password or a physical key, which can only be granted by you, the employer. So you have the ability to limit the number of authorised users with access to the password or key. If any employee inputs a fake transaction to access the cash drawer, you will notice the discrepancy immediately when verifying the purchase report at the end of the day.
Learn More: How To Reduce the Risks Of Employee Theft At Your Restaurant
As you can see, there are various benefits to owning an electronic cash register. So if you have yet to upgrade your equipment, you should make the switch immediately. We recommend pairing your cash register with a quality POS system if you can afford it, as it can do wonders to improve your business operations.
At Suntoyo Technology, we specialise in cash registers and touchscreen-based POS machines. With a comprehensive selection to choose from, you are sure to find the ideal equipment that meets your needs and takes your retail business to the next level. Do not hesitate to contact us today to learn more about our products and services.
