Business Management Skills

More and more retail businesses across the UK are turning to EPoS software to help improve their business. There are many reasons why EPOS software should be integrated into a business but one that many overlook is the enhancement of security.

Integrated Charging
Integrated charging is one of the most important features of any piece of EPOS software.Basically this feature involves an integrated Electronic Fund Transfer Point of Sale.More often referred to by its acronym, EFTPoS, the software links to a till and allows customers to make a payment via debit or credit card which is instantly debited from their back account.

Reduce Risk Associated With Cash Purchases
An integrated EFTPoS system can help significantly lower the number of cash purchases, reducing the risks associated with handling large amounts of cash.For example, the risk of underselling or being short-changed at the point of sale is reduced, money handling time is kept to a minimum during cashing up times, deposit runs to the bank are significantly reduced and collections by security businesses can be cut back.

Reducing Cheque Payments
As well as helping to reduce the risks associated with cash sales, EPoS software, with integrated EFToS, also assists in reducing the issues associated with cheque payments.Cheque payments carry their own unique set of risks, one of the most common being ‘bounced cheques’, a term used to describe when a customer does not have enough money in their bank account to cover the cost of their purchase.

As well as the obvious issue with such an event, both the customer and business are charged a fee by their respective banks.

With EPoS software with integrated EFTPo, in place, such a situation, where insufficient funds are present, would see the sale refused preventing the customer from leaving with items they have not paid for and removing the risk of further charges.

Find Out More About EPoS Software
BCP is a leading UK systems provider offering their own branded Accord® EPoS software complete with a wide range of functionality. .The ideal solution for improved retail security, Accord® EPoS Software solutions provide a large number of benefits to businesses.

To find out more BCP on +44(0) 161 355 3000 or drop them an email at mail@bcpsoftware.com