Ways to Protect Your Business
It seems that everywhere you look there is someone who is looking for a way to inflict harm upon you
. Not from a physical stand point necessarily, but certainly from a financial one. Many people see retail stores, especially large chains, as places that can be stolen from that do not have a real victim. However, that is not the case and when your merchandise is stolen there is certainly a victim and that victim is you! Like every smart person, you are no doubt looking for ways that will reduce the number of ways that people can rip you off. Well, look no further! A hosted point of sale software system is just what you need to protect your product.One of the best ways that the software can protect your retail chain is against the various forms of credit card fraud. When someone attempts to purchase a product from your store with a stolen credit card, the system will notify you that the card is stolen or has been suspended. With that information you can ask for some alternate form of payment or deny the sale of that product to the customer.
Another tactic that people use to try and get your product for nothing is to purchase things with a debit card that has no funds in the linked account or with a credit card that has already reached its limit. Once again, the point of sale software will notify you of either of these two problems and you can request another form of payment.
Customers may also try to get the best of your by committing fraudulent returns. Many people will buy something, use it for a few days and then attempt to return it claiming that it was defective out of the box or that it is unused. Such returns leave you with product that is broken or unable to be sold. And in the worst cases, you will be stuck with the loss because the supplier does not have a warranty on the product. Once again, your hosted point of sale software system has a response for this problem. A hosted point of sale software system can track the purchases and return histories of all of your customers. If there is a trend where a customer returns many items a few short days after the purchase, you can either deny the return or refuse future service to them. Either way, point of sale software offers protection that you otherwise could not have.
Aside from the protection that hosted point of sale software offers against consumer who try to defraud you, it will also protect you against the fraud of your own employees. Seeing as how your inventory numbers will always be tracked, the inventory reports that point of sale software creates will help you to know if products have been legitimately sold or if they just happened to disappear out of the stockroom. If your products are mysteriously disappearing on a regular basis, point of sale software will help you to realize that there is a problem with theft. With this kind of accurate inventory management you can install better surveillance in your stock room.
Point of Sale Software
Ways to Protect Your Business
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