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5 Advantages Of An Electronic Cash Register

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

Intuitive to use-electronic cash register Singapore

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

Affordability-electronic cash register Singapore

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

Prevent theft-electronic cash register Singapore

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.

Why It Is Time For Your Business To Upgrade To A POS System

Home > Blog > Why It Is Time For Your Business To Upgrade To A POS System

Has your cash register seen better days? Does it lack the features you require to streamline business processes? If you answer yes to either question, it is definitely time to upgrade to a point-of-sale (POS) system. However, we understand some businesses may be on the fence about this decision. So let us share why this switch might be an excellent investment in the long run.

What is a point-of-sale system?

If you are unsure what a POS system is, let us clarify what this system entails. Think of it as a modern advancement of the cash register. You can still process sales with the machine, but there is also so much more it can offer your enterprise. A POS system can do it all, from in-depth reporting to inventory management, offering businesses a range of tools to manage the ins and outs of their stores.

Why your electronic cash register might be insufficient

cashier using an electronic cash register-POS system Singapore

Sure, you will be using your POS system to ring in sales and hold onto cash since it is a tool for managing your entire business. When you put it that way, a POS system may not seem a significant step up from your cash register. But dig deeper, and you will find that a conventional cash register has restricted capabilities. You are limited to handling sales transactions, calculations, and generating receipts. 

A POS system offers the same features with additional innovations and a seamless and improved user experience that your staff can easily pick up. As a retailer, you may benefit from a one-stop tool that allows you to manage your stock, schedule employee work hours, check historical data to make sales projections, and improve your customer service. Essentially, a POS system streamlines every aspect of operating a single or multi-store business.

Why a POS system is a worthwhile investment

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After switching to a POS system, you may discover noticeable returns on your investment quickly. The most obvious difference is your business efficiency. A POS system can automate repetitive, time-consuming tasks while reducing human error, allowing you to process payments, refund orders, and restock your inventory in a single system without any extensive human intervention required. As such, you can focus on more essential areas of your business.

Additionally, generating and compiling reports on sales data, inventory levels, and customer behaviour is no longer a hassle, as these tasks can be handled by your POS system. With detailed error-free reports to peruse, you can make more informed decisions to grow your business, such as what products to restock and the ideal pricing strategy to entice consumers to patronise your store.

Learn More: 4 Benefits Of Investing In A Quality POS System

Upgrading to a POS system

Given the numerous advantages of a POS system, why are we not chucking cash registers aside once and for all? The biggest reason (and limitation) is the cost of integrating a POS system into your business.

Depending on the size of your business and the complexity of your operations, a POS system can cost several thousand dollars, which is a sizeable sum for many small and medium enterprises in Singapore. Moreover, entrepreneurs have to spend additional time and money to maintain the system and train staff on how to use the machine. 

Fortunately, small and medium enterprises looking to upgrade to a POS system can seek financial assistance through the Productivity Solutions Grant (PSG). With the PSG grant, businesses can receive up to 70% subsidy to kick-start their adaption of technology with pre-qualified IT solutions and equipment to improve their competitiveness and productivity.

As you can see, there are various benefits to upgrading your cash register to a POS system. So avoid lagging behind your competitors and getting left behind with the changing times by adapting and staying ahead of the game. A modern POS system will provide you with the tools to boost your business efficiency and streamline operations.

Are you ready to upgrade your cash register? In that case, look no further than Suntoyo Technology for your modern POS needs. Our team will be glad to assist you in selecting the best system that fits your business requirements. Contact us today to learn more about our products.